The slow trickle of traditional investment into the crypto market may turn into a flood if a new platform launched by blockchain services provider AxiomLevel Technologies makes its desired impact.
AxiomLevel’s investor onboarding platform serves as a finance industry solution that caters toward institutional players with investor registration, verification and management. It contains a comprehensive know your customer (KYC) module, anti-money laundering (AML) compliance modules, and accredited investor verification, as well as a global whitelisting solution for digital wallets.
The Investor Onboarding Platform wants to ensure that every investor who enters the crypto market is not caught unawares or blindsided by any regulatory requirements or issues. It comprehensively outlines and resolves all potential pitfalls related to regulatory compliance and financial industry governance.
Speaking to Bitcoin Magazine, AxiomLevel Founder Raleigh Harbour explains the value and utility that his protocol may offer investors.
“AxiomLevel appeals to two audiences: First, to a company issuing or transacting in a token. The technology provides a high level of confidence of regulatory compliance, while at the same time making the process for their investors and users easy, intuitive and seamless.
“Second, for the investor or user themselves, it will grow to become a verified, self-sovereign transaction ‘passport,’ saving them from having to undergo registration over-and-over again and empowering them to own and control their own identity,” Harbour said.
The Purpose it Serves
Over the past few months, there have been signs that institutional capital is preparing to make its long-awaited entry into the crypto market, the infusion of which could breathe life into an anemic market. The Big Four accounting firms have all announced separate initiatives to prepare for the unique challenge of digital assets tracking and tax compliance, and the Intercontinetal Exchange recently unveiled Bakkt[1], a crypto point of sale platform
