Web3 Financial Compliance

On-chain identity and sanctions monitoring

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Mint Your Token

Trusted By Leading Firms

Compliance, On-chain

Our compliance process is trusted by top financial institutions and tens of thousands of onboarded individuals and businesses. You can confirm your dApp or smart contract users have been through a full KYC process and are currently clear from sanctions with the Parallel Identity (PID) Token. Both individuals and businesses can mint a non-transferrable PID Token to their wallet after clearing a KYC/KYB process. The token can then be used by any dApp, smart contract or wallet to ensure the safety of your community.

Know Your Customer

We collect and check the relevant information prior to PID Token minting:

Collect and verify government identification
Collect tax ID, date of birth, residency, citizenship and other personal details
24/7 monitoring for international sanctions matches, with immediate PID Token updates if any matches are found

Collect tax ID, incorporation location and company addresses
Request and verify formation documentation (e.g., articles of incorporation)
Confirm KYC information for all control persons
Confirm KYC information for all beneficial owners at the 25% ownership level or higher
24/7 monitoring for international sanctions matches, with immediate PID Token updates if any matches are found

100% On-Chain

All of the token data is available to any smart contract via a simple API.

Continuous Updates

Know if someone in your community has been sanctioned and in which jurisdiction the sanctions apply—entirely on-chain.

Helpful Metadata

Understand if the token holder is an individual or institution and whether they’re considered a U.S. person.

Sanctions Monitoring

Office of Foreign Assets Control (OFAC) lists from the US Department of the Treasury

US Government agencies like the Department of Homeland Security and the Department of State

International lists like the consolidated UK Sanctions lists, consolidated EU sanctions lists, consolidated UN sanctions lists and more

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3 pending applications

17 onboarded