investorID, the compliant identity for digital assets holders
We are hugely excited to announce investorID, a decentralized application, allowing users to create their on-chain identity to access and trade tokenized securities. investorID identities are created by smart contracts which link the identity of an individual to their wallet. Regulations recognising blockchain are emerging all over Europe and, as an example, Luxembourg has recently recognised blockchain as a suitable infrastructure to register and transfer securities in the form of “tokens”. We are optimistic other jurisdictions will follow suit.
Issuers are obligated to respect the necessary rules and regulations to ensure compliant security token trading. Using investorID, individuals and entities can create their identity on the blockchain by following simple steps. By doing so, users keep complete control of their personal data, whilst being able to access investment opportunities and enabling issuers to operate in full compliance. investorID identities are compatible with every security token based on the T-REX (Token for Regulated EXchanges) standard.
Why create investorID?
Issuers need to enforce the rules and regulations that apply to securities. Of course, each jurisdiction has different requirements relating to security trading and it’s therefore imperative for issuers to know which country their investors are residing in, if they are natural persons or legal entities, qualified or accredited, etc. Once the identity is created and the investor’s information is validated, issuers can quickly understand if participants are eligible for the offering and the compliance can be automated.
Currently, there are no solutions on the market that accurately identify the different stakeholders on the public blockchain. This is why, together with our partners, Tokeny launched the investorID initiative. We were honored that Luxembourg Finance Minister, Pierre Gramegna, accepted the very first on-chain identity created by investorID. A not-for-profit organisation, investorID enables any entity or individual to create their blockchain identity and access tokenized securities.
What are the benefits of investorID for investors?
- Enrich your identity by connecting your usual authentication services
- Control access to your data in a few clicks
- Easy log-in to decentralized finance applications
- Manage your digital assets and digital signatures
- Easy recovery process, you cannot lose your identity or your assets
How do I create my investorID?
Creating your investorID is a seamless process. By following simple steps and creating your on-chain identity, you can easily access and trade digital assets.
- Create investorID account
- Connect wallet
- Enrich identity
- Access opportunities
Each time an investor participates into a Security Token Offering using the T-REX standard, they generate their identity automatically or they can connect with their existing investorID account.
You can find out more information on the investorID.org website.
