KYC-Enabled Security Token Wallet Developed By Blockpass And Infinito

Self-sovereign identity application Blockpass has teamed with universal crypto wallet Infinito to create a secure and convenient know your customer (KYC) enabled security token wallet.

Blockpass is a user-centric, self-sovereign identity application for regulated industries. Through the use of blockchain technology and smart contracts, Blockpass is a RegTech platform offering shared regulatory and compliance services for humans, businesses, objects and devices. It ensures KYC and anti-money laundering (AML) compliance for regulated service providers, while eliminating third-party data storage.

Infinito serves as a gateway for users to maximize usage and potentials of their cryptocurrencies. It aims to build an ecosystem of practical blockchain services including exchanges, ID/KYC solutions, and other blockchain-related business services. Infinito’s universal walllet currently supports BTC, ETH, ADA, EOS, NEO, ONT, LTC, BCH, ETC, DASH, DOGE, along with GAS, ONG and all tokens built on ERC20, NEP-5 and EOS with more to come based on the roadmap.

The companies’ new security token wallet is an integration of the Blockpass KYC Connect solution and Infinito’s universal wallet. They claim that the wallet will provide regulatory compliance while putting traders in full control of their security tokens.

“Today’s announcement with identity system leader Blockpass is another solid step in building our authority in the security token space and consolidating our position as leader in the cryptocurrency wallet ecosystem,” said Jack Thang Nguyen, Project Director of Infinito Wallet. “Partnering with Blockpass will allow Infinito Wallet users to store, send, receive and utilize their security token.”

“Security tokens continue to be the focus of discussions for the cryptocurrency and blockchain ecosystems and we are committed to improving access to this promising technological development,” said Adam Vaziri, CEO of Blockpass. “Our longstanding partners, Infinito Wallet, were perfectly suited to work with us to provide this regulatory compliant solution which will give users control in such a vital area. We are excited to be at the forefront of the security token revolution.”