Decentralized protocols, particularly Decentralized Finance (DeFi), have evolved into an exciting space, changing the way people do business and access financial services. While this ecosystem is filled with both small-scale and large-scale investors, it is also attracting the attention of regulators tasked with preventing money laundering, terrorism financing and other criminal activities.
As such crypto-based platforms are activating automated Know-Your-Customer (KYC) solutions to prevent fraud and build trust, while also maintaining their decentralized feature.
To this end, UniqueSmart is thrilled to announce a strategic partnership with CRD Network, a platform that promotes regulatory compliance by providing KYC solutions, Anti-Money Laundering (AML) and Proof of Reserves standards, as well as integrating centralized finance (CeFi) into DeFi.
At UniqueSmart, our platform is equipped with features such as an exchange, liquidity, farming and staking protocols, an NFT and a metaverse marketplace, hence we strive to become the “number one” DEX on the Avalanche Network.
Through this Partnership, the Team and Community at UniqueSmart will adopt the CRD Network KYC solution which will come with our top-notch propriety software.
CRD Network offers live KYC API integrations with real-time data updates at specific intervals, with the capacity to validate individual and company data in the UK and Europe. This is in addition to reducing online onboarding time and creating custom templates and defined questions and documents needed for KYC verification processes.
Commenting on the Partnership, Daniel Rotimi, founder of UniqueSmart said, “We’re happy with this Partnership and believe that bringing KYC modules to our project is a step towards supporting DeFi compliance.”
Amine Larhrib, who spoke on behalf of CRD Network said, “We’re excited to be extending our KYC solution to UniqueSmart to enable the project to build a compliant ecosystem and promote trust among their community.”
We look forward to an exciting and lasting relationship with CRD Network.
UniqueSmart provides a one of a kind Decentralized-Finance (DeFi) asset that uses its proprietary UST Protocol to reward users with a long-term fixed compound interest rate.
UniqueSmart Protocol (USP) is an innovative financial Protocol that makes Staking easier and more efficient while also providing SMART Token holders with the most consistent returns in crypto.
About CRD Network
CRD Network is a sidechain that focuses on reflecting real-world asset value and data, financial history, banking transactions on the blockchain.
The project runs on Hyperledger Besu, an enterprise blockchain on Ethereum and uses CRD Nodes and APIs to proffer KYC, AML and Proof of Reserves solutions.