Security Token Compliance
Trusti enables the creation of accredited and identified cryptocurrency wallets,
with specific KYC attributes defined by the authority certifying them.
Security Token Compliance
Trusti enables the creation of accredited and identified cryptocurrency wallets, with specific attributes defined by the authority certifying them.
With a Trusti identified wallet, transactors can have confidence in to whom they are sending funds, whether a corporate or private entity.
Before completing the transaction, the sender can check the true details of the recipient and which authority has certified this identity. Bad news for phishing fraudsters, great news for confidence in cryptocurrency transactions.
While the tokenization of assets into security tokens is seen as a core future direction of cryptocurrency, almost every legal jurisdiction mandates that persons exchanging such assets be identified and/or accredited by KYC regulation.
Trusti allows regulatory bodies to certify the person behind the cryptocurrency wallet, including irrevocably attaching their status and eligibility to the address, finally enabling for the legal exchange of security tokens.
While the regulated securities infrastructure has shown a willingness to enable the exchange of blockchain assets, its pseudonymous nature has prevented adoption.
Trusti enables regulators or exchanges to accredit the identities of those transacting security tokens, and certify them for the exchange of assets on a specific platform.
Digital Identity Solutions for Every Use-Case
A secure wallet with identity management and protection from phishing attacks. Certification for security token compliance; such as age, licenses, and residency.
Identifying parties to the transaction of protected data – such as patient information. Trusti enables to transact data with confidence in the true identity of the recipient.
Know Your Customer (KYC) compliance. Ensuring corporate entities can comply with regulatory authorities by accurately identifying users and their accreditation.
How it looks in an Identified Wallet
What do you get with Trusti?
Trusti facilitates better certificate lifecycle management by consolidating tasks for issuing, installing, inspecting, remediating, and renewing certificates into one scalable implementation for your security token compliance needs.
A subscriber prepares a certificate request and submits it to the relevant authority. This authority then follows the validation procedure, using different steps depending on the type of certificate requested. After successful validation, the certificate is issued and the subscriber cross-signs it to prove ownership of the address.
The certificate is disseminated to relying parties, with timestamped hashes written into various blockchains. In case of revocation before expiration, the certificate is blacklisted and publicly included into an online responder which clients can query through Trusti’s API.
Before a client trusts an address, the entity’s digital certificate is checked for anomalies or problems, and checks that the certificate is not blacklisted. If the certificate is valid, the client will green-light the transaction. Otherwise, a phishing alert will deter the user from proceeding, or completely block it.
Trusti has a team comprising of highly accomplished and experienced blockchain visionaires. Together this team has been responsible for many essential developments in decentralized ventures. Trusti’s team share an evolutionary philosophy for the project.
Our advisors are globally recognized regulatory and compliance experts, as well as strategic partners.