Holdex gets Blockpass Investment to Develop KYC Compliant ICO Platform

Blockpass and Holdex Merge to Develop KYC Compliant ICO Platform

Blockpass, a user-centred digital identity validation solution, has partnered with Holdex to establish an IUCO platform that is compliant with KYC/AML requirements. Essentially, the new product is aimed at assisting ICOs laws, token sellers and distributors in ensuring that they are adherent to the set laws. Moreover, the new solution offers a convenient alternative to the currently used methods, mainly because of its blends Blockpass' KYC verifier into the Holdex platform. Similar to other Blockpass products, the new platform will be cloud-based.

Blockpass in archetypal blockchain compliance service provider. Presently, its unique identification infrastructure supports humans, objects and connected devices. Thus, Blockpass is invaluable to applications that require trust amongst the participants. On the other hand, Holdex deals with the development of dependable, modifiable an easy to use tools to facilitate the smooth conduction of Initial Coin Offering (ICO) events. This includes the assessment and generation of reports concerning the compliance status of specific ICOs.

As per Vadim Zolotokrylin, the CEO of Holdex, this partnership is perfect because the two companies share the same vision. Vadim added that his firm perceives Blockpass as a partner both at a technological level as well as the corporate level. He concludes by saying that this collaboration is the beginning of an exciting future for Holdex and its clientele.

Likewise, Adam Vaziri, the CEO of Blockpass, lauded the partnership between the two institutions. Adam noted that the collaboration will ensure that their customers have a conducive environment for the development of their token events by handling all the matters concerning legal compliance.

Recently, Blockpass initiated their token sale event, which is scheduled to end on November 30. During the ale, investors will purchase PASS tokens, one of the world’s pioneering KYC-complaint tokens. A total of 250,000,000 PASS will be made available, with contributors getting discounts on Blockpass services. PASS tokens became available in leading cryptocurrency exchanges worldwide as from July 12.

Lastly, Blockpass recently announced a partnership with the Edinburgh Napier University for the establishment of a blockchain research facility, known as the Blockpass Identity Lab. The primary focus of this lab is to create innovative solutions that emphasize the privacy of the blockchain investor.