Uplift integrates Blockpass to provide On-Chain KYC to DAO ecosystem

abdelaziz Fathi

Uplift DAO, one of the leading IDO launchpads in the DeFi sector, today announced a strategic partnership with Hong Kong-based digital identity profile services provider Blockpass.

Through this collaboration, Blockpass will offer a one-click compliance gateway, as well as its On-Chain KYC (TM) services for Uplift ecosystem projects, optimizing their KYC requirements. The partnership means that Uplift users will be able to securely manage their own identity verification documentation, while being confident that their personal data is encrypted and secure. 

Once a Blockpass On-chain KYC created, users can use the same verified profile for an entire ecosystem of services, allowing them to create, store and manage their data-secure digital identity without revealing any personal information at all. That removes the need to verify multiple times and reduces the risk from continually sending personal identification documents to multiple entities. 

Blockpass also offers a shared regulatory compliance system that supports verification of humans (KYC), objects (KYO) and connected devices (KYD), which facilitates the development of new applications that rely on a trusted connection between multiple entities.

On top of its KYC functionality, which ensures legitimacy and legal compliance, Blockpass will help Uplift’s projects in conducting AMAs, giveaways and rewarding both LIFT tokens and facilitating IDO access to Blockpass users. Its KYC & AML screening software-as-a-service specifically caters to blockchains, crypto, Defi and other relevant sectors. Other benefits include a pay-as-you-go option, no setup cost, no integration necessary, free testing, and immediate launch. 

“At Uplift, the protection of our community is of the utmost importance, which is why we are pleased to be partnering with Blockpass to offer our users their best-in-class KYC services,” said Growth Lead, Irina Berezina.

“IDOs have already started proving their importance and we’ve seen just how crucial companies like Uplift are for supporting and accelerating good projects into the blockchain ecosystem. We’re particularly glad to see Uplift’s commitment to safety and security of its users, not just with Blockpass’ solutions but with its own investor insurance methods and fairness checks in place,” added Blockpass CEO Adam Vaziri.

Blockpass’ KYC ConnectTM platform provides a user-centric, self-sovereign identity application for regulated industries. The solution enables businesses to select requirements for customer onboarding that can include ID authentication, face-matching, address checking, AML ongoing monitoring and/or screening of sanctions lists, politically exposed persons (PEP), and adverse media.

In turn, Blockpass users will also benefit by gaining access to Uplift’s IDOs, the launchpad platform that boasts a large global community of real members within the crowdfunding industry. 

Seeking long-term investment opportunities, the alliance with Blockpass helps grow the community with an already-verified base of crypto investors. On the entrepreneur’s side, Uplift IDO model allows for low listing costs, a wide range of asset management options, and accessible token allocation throughout incubation, launch and acceleration stages.

Read this next

Retail FX

Malaysia regulator exposes OctaFX clone, shady FB profiles

Malaysia’s financial regulator today warned online investors about the risks of following investment tips made on social-media platforms.

Digital Assets

Crypto trading volume spikes at Swiss bourse amid FTX collapse

The shockwaves from the historic collapse of Sam Bankman-Fried’s crypto empire are still being felt across the industry, but some trading venues are actually doing better because of it.

Executive Moves

CMC Markets adds Camilla Boldracchi to institutional sales

UK’s biggest spread better, CMC Markets has promoted Camilla Boldracchi to take on an expanded role within its institutional sales desk.

Institutional FX

FXSpotStream reports $1.48 trillion in monthly volume for November

FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, reported its operational metrics for November 2022, which moved higher on a yearly basis but reflected weak performance across executed trade volumes when weighed against the figures of the prior month.

Retail FX

Interactive Brokers’ client activity drops 30% YoY

Interactive Brokers LLC (NASDAQ:IBKR) saw 1.95 million daily average revenue trades, or DARTS, in November 2022 compared to 1.96 million transactions in the prior month.

Digital Assets

The rise of Crypto ETPs in traditional exchanges as crypto winter deepens

Institutional investors are increasingly looking at traditional regulated exchanges as their first route into digital assets amid market turmoil caused by the crypto winter and the collapse of several big names within the space, including FTX. Acuiti and Eurex surveyed 191 buy and sell-side firms on their views of the digital assets markets in order […]

Digital Assets

TP ICAP’s crypto arm receives FCA’s go-ahead

UK interdealer broker TP ICAP has received a regulatory go-ahead to launch its cryptocurrency services in the UK. The bid shows that the recent collapse of FTX exchange has done little to damp the interest of big names in running their own crypto business.

Industry News

Coin Signals founder to pay $2,847,743 after prison sentence over crypto Ponzi scam

The U. S. District Court for the Southern District of New York has ordered Jeremy Spence, founder of Coin Signals, to pay $2,847,743 in restitution to victims of a fraudulent virtual currency scheme.

Digital Assets

CME Group goes DeFi: Reference rates and real-time indices of Aave, Curve, Synthetix

“These rates are designed to provide traders, institutions and other users transparency and price discovery across a much broader range of tokens, allowing them to confidently and more accurately value cryptocurrency sector specific portfolios and manage price risk around various blockchain-based projects.”