Crypto Pioneer Netki Powers Seamless KYC and Compliance Solutions Across the Sui Ecosystem
- Netki, a leader in digital identity verification, has announced the launch of DeFi Sentinel on Sui, a Layer 1 blockchain and smart contract platform.
- The integration provides a compliance oracle that automates compliance within DeFi protocols, allowing developers to focus on their projects rather than on meeting complex regulations.
- DeFi Sentinel leverages Netki’s advanced technology to provide real-time KYC/AML, wallet screening, financial transaction monitoring, securities compliance, and tax compliance.
Netki, a pioneer in the crypto industry, has launched its DeFi Sentinel on Sui, providing seamless KYC and compliance solutions for DeFi protocols.
Netki Introduces DeFi Sentinel on Sui
Netki, a leader in digital identity verification, has launched its DeFi Sentinel on Sui, a Layer 1 blockchain and smart contract platform. The integration provides a compliance oracle that automates compliance within DeFi protocols. This allows developers to focus on their projects rather than on meeting complex regulations that often differ across jurisdictions.
Addressing Compliance Challenges in DeFi
Until now, institutional players have been forced to either trade in manually managed pools with limited liquidity and trading volume, or to avoid DeFi altogether. With DeFi Sentinel on Sui, developers can meet institutional as well as regulator requirements via a one-time integration. DeFi Sentinel leverages Netki’s advanced technology to provide real-time KYC/AML, wallet screening, financial transaction monitoring, securities compliance, and tax compliance. The solution combines on-chain and off-chain data to ensure each transaction adheres to institutional risk, as well as regulatory standards.
Enhancing User Onboarding and Identity Verification
Sui will also integrate Netki’s OnboardID, which enhances user onboarding and identity verification processes. This reduces costs and simplifies compliance around the onramping process for Sui developers’ applications. Netki’s integration represents a significant advancement in making decentralized financial systems safer and more accessible globally.
Conclusion
Netki’s DeFi compliance oracle is unique in the industry, enabling transaction-by-transaction compliance, which is crucial for institutional adoption of DeFi tools. With features like real-time name and wallet screening, the solution ensures that compliance and risk management are seamlessly integrated into the transaction flow without compromising the user experience or developer agility. This integration sets a new standard for safety and compliance in the DeFi space, enabling the safe and widespread adoption of DeFi technologies.
