back Back

Blockpass supports permissionless DeFi protocol UniLend fundraiser

By Edil Corneille

November 27, 2020

  • Blockpass
  • Hong Kong
Share

Blockpass, HONG KONGHong Kong-based Blockpass has partnered with decentralised finance (DeFi) platform, UniLend, which recently conducted a fundraiser with Blockpass providing the requisite KYC and AML provision in order to meet regulatory compliance. By handling the compliance measures, the UniLend team were able to focus their efforts on the actual fundraising process.

UniLend is a permissionless decentralised protocol that combines spot trading services and money markets with lending and services through smart contracts. The integrated smart contract for both features of the protocol allows trading and DeFi capabilities to co-exist within the same protocol, thereby solving the liquidity and liquidation issue which has been limiting the growth of DeFi adoption to a broader market.

Blockpass is a digital identity verification provider which provides a one-click compliance gateway to financial services and other regulated industries. With the Blockpass Mobile App, a data-secure digital identity can be created, stored and managed which can be used for an entire ecosystem of services, token purchases and access to a regulated industry. Blockpass is a comprehensive KYC & AML SaaS for businesses and merchants and does not require an integration and setup cost. The service can be set up in minutes. It can be tested for free and users can be verified and on-boarded.

“We are seeing a huge rise in DeFi applications as more and more people begin to realise the amazing potential it holds,” said Adam Vaziri, Blockpass CEO. “It is a real pleasure to be working with UniLend as they facilitate the growth and development of DeFi and support its move towards mainstream markets. It has been a great test of our KYC and AML provision and we look forward to continuing working closely with them in the future.”

“Working with Blockpass we KYC verified 1,000 people in a 48 hour period. They took care of everything so we could concentrate on our fundraise. Their team were fully committed to our success and it was a pleasure to work with them,” said UniLend Co-Founder and CEO, Chandresh Aharwar. “They covered everything we needed with instant KYC/AML checks and a dashboard where we could review the data. What is best is the no set up time we needed to add Blockpass – just create an account and get going. Can’t recommend their service enough.”

Previous Article

November 27, 2020

TruNarrative and kompany partner to speed up AML compliance

Read More
Next Article

November 27, 2020

Oportun applies for National Bank Charter, aims to advance economic equity through financial inclusion

Read More










IBSi Daily News Analysis

banking, customers,

December 02, 2022

Blockpass

Why are banking players flocking to Middle Eastern digital banks?

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

December 02, 2022

Teampay expands partnership with Mastercard; raises $47m

Read More

December 02, 2022

Margex enables users to buy crypto with VISA, MasterCard, and Apple Pay

Read More

December 02, 2022

SAM Corporate gets financial investment from Transworld Group

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q3 2022

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q3 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q3 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022