Blockchain KYC Connection Blockchain ID Verify And Legacy Trust Partner To Onboard Investors
Legacy Trust Integrates The Blockpass KYC Connect Solution
Blockpass has confirmed the addition of its KYC Connect solution to the Legacy Trust client onboarding process. This means that Legacy Trust will now use Blockpass’s blockchain-powered digital identity verification service when registering new customers.
Legacy Trust offers custodial services for both cryptocurrencies and fiat money for retail and institutional investors. Besides, the platform provides a variety of additional services to its clients. The integration of the Blockpass KYC Connect solution is aimed at improving the currently cumbersome registration and onboarding process.
The primary objective of the Blockpass identity verification solution is to grant users control over their digital profiles. Also, the solution is useful to companies that wish to streamline and reduce their expenses on onboarding new clients. The Blockpass app allows users to create, configure and store their digital profiles. Such profiles can be used in online ecosystems to access or purchase desired items.
The Blockpass KYC Connect solution integrates seamlessly with existing software platforms through an API. As mentioned earlier, it streamlines and reduces the cost of onboarding new customers. Because of its efficiency, it also lowers the probability of customers dropping out during the onboarding phase.
Adam Vaziri, the CEO of Blockpass, said that both Legacy Trust and his firm will benefit significantly from their partnership. Specifically, he mentioned that Legacy will profit from improved onboarding whereas Blockpass will have a bigger client base as a result.
Vincent Chok, the CEO of Legacy Trust, said that KYC is crucial to any company operating in the financial services industry. he recreated that the Blockpass KYC solution will improve their onboarding procedures, as well as provide better security to their platform.
In addition to Legacy Trust, Blockpass has added several other institutions to their customer base. These include BBFTA, Ethfinex, Infinito and ethecal.