Today, CasperLabs is excited to announce a partnership with PureFi, a decentralized compliance protocol that provides full-cycle analytics of crypto assets for DeFi users.
This long-term technical partnership will leverage the Casper Network’s DeFi-friendly features with PureFi’s full-cycle solution for crypto asset analytics and AML/KYC procedures to accelerate the growth of both ecosystems within the DeFi landscape and beyond. PureFi will utilize Casper Network infrastructure for storing users’ AML certificates on-chain based on the verifiable credentials standard - a machine-readable by-default presentation of the data. Since each certificate contains information about asset price, AML/KYC, and other metadata, it can be used as a full-fledged AML/KYC verification for any legal/validation purposes, thereby providing a simple yet secure way to bring more traditional money into the DeFi space.
“We are excited to evolve our long-time partnership. CasperLabs has worked to ensure that the Casper Network houses a robust infrastructure for building DeFi applications,” said Slava Demchuk, the CEO of PureFi. “We are looking forward to this collaboration bringing substantial product innovation value.”
The birth of DeFi has given rise to compliance-friendly blockchain solutions like PureFi, which help protect individual and institutional users alike from bad actors. By connecting KYC/AML providers with DeFi users and DEXs/DeFi projects to provide crypto asset analytics and protect honest DeFi market players from “dirty money” risks, PureFi is an integral part of the burgeoning world of DeFi and a welcome addition to the Casper ecosystem.
"CasperLabs is committed to supporting a scalable, decentralized, and secure environment for building dapps in DeFi and beyond on the Casper Network,” said Mrinal Manohar, CEO at CasperLabs. “Via our partnership with PureFi, we’ve taken a significant step forward on this front. Being able to store verified credentials in a completely private and secure environment is key to ensuring that AML and KYC requirements can be easily satisfied by all Casper dapps."
For more information about PureFi, please visit purefi.io