Accredited-Investor Checks Get Easier as Glyph and 3 Crypto Firms, Polymath, Swarm and Dealbox, Partner
Glyph, a decentralized identity start-up, has made the decision to join forces in a partnership with three digital securities companies, in a bid to create more convenient and easy approaches to ID verification. The three companies involved are Polymath, Swarm and Dealbox.
According to Glyph’s founder, James Greaves, the partnership seeks to make accredited-investor checks as easy as ordering a book on Amazon. Greaves said:
“Our technology handles any identity use case but we are very focused on accredited investors,”
The founder also revealed that Glyph intends to add six more companies to its current partnership arrangement.
Today, the identity space is becoming increasingly crowded with many companies slowly joining in. Some companies including Civic, Soyrin and uPort have begun to let users explore new ways to control how much of their information is publicly shared online.
Richard Chen, an investor with 1confirmation, has said that “Identity is one of the most important missing pieces of Web 3 infrastructure.” However, unlike most other companies, Greaves says that Glyph intends to start somewhere without biting more than they can chew.
“Let’s just start with accredited-investor checks…most identity companies try to come in and own the whole piece,” Greaves said.
Currently, there are about 10 million households in the U.S. that comfortably fit the set criteria set for becoming an accredited investor.
The partnership, for Polymath, generally means that Glyph is now one of two platforms for verifying accredited investors. These investors are basically people who have a considerably high net worth.
Graeme Moore of Polymath says that “When you have to get your accreditation status checked every 90 days that can be a real pain. Glyph does a better job than most solutions we’ve seen in terms of allowing investors to control their own identity.”
Graeme basically believes that the incorporation of third-party services will generally make the platform very easy and less stressful to use and interact with. The platform is used for creation of tokens that work with today’s current securities laws.