Traceto.io: The Blockchain KYC Network Has Partnered with a Chinese Venture Fund
Traceto.io, which is a KYC that is powered by the Blockchain recently announced that it was partnering with Yincubator, a venture fund based in China. Yincubator is a well-known incubator for blockchain startups that operates out of China. It helps to nurture promising companies in Europe, ASEAN, and the US.
The services that it offers include cross-border mergers and acquisitions, entry into the global market. It also offers a one-stop service for early-stage projects in a broad range of industries that have a goal to go global.
Who Is Yincubtor?
This company actively seeks out some of the most promising projects in China and Asia and funds them. Although they service various industries, their focus is in the industries of cleantech, consumer products, fintech, biotech, agriculture, and manufacturing.
What This Partnership Means
With this partnership, the traceto.io company will get more exposure in the Asia Pacific and ASEAN markets. It will start this exposure with direct access to the Yincubator portfolio of projects as its clients. This will help to strengthen its position in the REgTech sector, especially in the Asia Pacific region.
A managing partner at Yincuboator said that by working with traceto.io, this would help other projects, which they were supporting to focus on innovation. This is because the traceto.io blockchain solution has been proven effective. The CEO of traceto.io was also quite pleased by this partnership. He said that he expected the partnership with Yincubator to give them more exposure. He said that this would help to consolidate their growing network across various jurisdictions within Asia.
Other Traceto.io Partnerships
This is not the only collaboration in which traceto.io has entered. Recently, it entered into a partnership with the Kyber network. Kyber Network is a decentralized exchange that makes it possible to instantly convert crypto assets. The network comes with guaranteed liquidity and plans to use the traceto.io KYC service.
Traceto.io has clearly proven itself as a reliable partner in the area of offering sound KYC within the blockchain world. This has been a thorny issue for authorities, who dislike the potential anonymity offered by the blockchain. The company decided that the anonymity promised by the blockchain did not override anti-money laundering laws. As a result, they brought together a strong and capable team that could handle KYC issues effectively.
The collaboration with Kyber actually started during the KYber ICO that was held in 2017. During this time, the traceto.io played a crucial role in automating KYC for the Kyber ICO. As a result, they only got funds to launch their exchange from trustworthy people.
The Kyber Network team said that both companies had come incredibly far since the ICO. The team said it was a joy to work with traceto.io, after the success during the ICO. Besides this collaboration, Kyber and traceto.io want to deepen ties. Because of this, the CEO of traceto.io will actually become part of the board of Advisors for the Kyber Network. The CEO of Kyber and the Executive Advisors will also join the tracto.io board in an advisory position.