We are glad to announce the official partnership between Kyber Network and traceto.io where Kyber Network will be utilising and integrating with traceto.io’s decentralised Know Your Customer (KYC) network and services as they become available.
The strategic relationship between Kyber Network and traceto.io started when Kyber Network conducted its Initial Coin Offering (ICO) in 2017. Kyber Network had engaged Cynopsis Solutions, the parent company of traceto.io, to automate its KYC processes during the ICO. It also invited Mr. Chionh Chye Kit, Managing Director of Cynopsis and CEO of traceto.io to join its Board of Advisors.
As part of our own ICO process, we have further enhanced this strategic relationship by inviting Dr. Loi Luu, CEO of Kyber Network, and Mr. Wong Lee Hong, Executive Advisor to Kyber Network, to sit on traceto.io’s Advisory Board.
With this partnership, traceto.io will help Kyber Network with its KYC processes and ensure that Kyber Network is able to meet its key regulatory obligations with respect to KYC, Anti Money Laundering (AML) and Counter Terrorism Financing (CTF).
traceto.io is a decentralised KYC network that provides an inclusive KYC solution to cryptocurrency and blockchain product companies by fusing Smart Contract and Artificial Intelligence technologies. Leveraging over 5 decades of experience in Compliance and RegTech, traceto.io seeks to revolutionise KYC by bridging the gap between physical and virtual world KYC processes.
About Kyber Network
Kyber Network is a decentralised and trustless exchange that enables instant conversion of crypto-assets with guaranteed liquidity. Their protocol will be key to promoting liquidity of crypto-assets in the blockchain ecosystem and improving the public perception of tokens as a tradable asset class.