We are pleased to announce the signing of a partnership agreement with the international KYC provider Sumsub. Sumsub is an all-in-one verification platform designed to catch fraudsters and aid businesses in meeting compliance regulations worldwide.
Integration with Sumsub will ensure the introduction of decentralized Soulb ID tokens, significantly expanding access to tokenization and Stobox clients.
Personal data verification takes an average of 50 seconds and supports documents from more than 200 countries. Sumsub is a KYC partner of numerous companies such as Binance, Huobi, Mercury, and many others.
“Connecting Sumsub will not only simplify the identification of private investors but also improve the compliance process for business clients who plan to use tokenization and launch Security Token Offerings,” - comments Stobox Co-Founder and CEO Gene Deyev.
Soulb ID is an internal project of Stobox company. Soulb ID is a decentralized application for issuing and managing identity tokens and other soulbound tokens. Merging blockchain wallets with their owners' identities ensures access to the decentralized web in accordance with financial regulations. Currently, the technology of decentralized identities is being actively developed, and its integration with Stobox DS Dashboard is planned for later this year.
Note: Sumsub is not the only KYC provider for Stobox decentralized products. New partnerships are coming soon.
In the meantime, you can learn more about Stobox products and services here.