Tokenomica has announced that it will use Blockpass’s identity verification services to safeguard its Virtual Financial Asset (VFA) exchange and its token issuance platform. The Blockpass KYC Connect solution will make it easier for Tokenomica to onboard new customers for its crypto-exchange business.
Based in Malta, Tokenomica is built on the Waves blockchain and curates the assets listed on its cryptocurrency exchange with an aim to a high level of quality. The company recently launched the beta version of its Security Token Issuance Platform, which provides compliant Security Token Offerings (STOs) and is intended as a user-friendly tool for customers looking to make their own security tokens.
The comprehensive Blockpass Application will simply allow those customers to manage their identities across the entire blockchain ecosystem.
“Regulated and reliable exchanges are vital to realise the benefits that cryptocurrencies and blockchain bring, and STOs are increasingly becoming an integral part of these ecosystems as they revolutionise the way we conduct business,” said Blockpass CEO Adam Vaziri. “We are developing an important area in the blockchain and cryptocurrency space.”
The two companies have indicated that they will share more details about their partnership at a later date. Blockpass recently partnered with Blockchain Advisory to explore blockchain regulatory standards, and also formed the Blockpass Identity Lab in conjunction with Edinburgh Napier University to further develop new uses of blockchain technology.