Sekuritance Collaborates with TrustSwap for SKRT Token Offering
Introducing Sekuritance
Sekuritance, a hybrid ecosystem that bridges Centralized Finance (CeFi) and Decentralized Finance (DeFi), is pioneering compliance, regulatory oversight, transaction monitoring, and identity management solutions in the cryptocurrency sector. The firm is partnering with TrustSwap, a comprehensive blockchain asset platform, to facilitate the launch of its SKRT token, which is set to commence on May 8th, 2021, at 9:00 AM PST. The rapid evolution of the cryptocurrency economy has introduced significant opportunities but also risks, akin to those present in traditional finance. Fraud and misuse are concerns that arise from the decentralized and semi-anonymous attributes of blockchain technology, which can deter financial regulators and banking institutions from fully embracing crypto innovations. Although a definitive solution may not exist, there are strategies to mitigate risk, including the implementation of blacklisting mechanisms.
Addressing Regulatory Challenges
Individuals engaged in the DeFi landscape often rely on conventional banking services such as credit cards and bank accounts. As cryptocurrency transactions flow between these two worlds, financial institutions seek clarity regarding the origins of the funds. They need reassurance that these proceeds have been properly declared and taxed, and that they haven’t been funneled through illicit darknet platforms. If any concerns arise in this context, traditional financial systems typically deny access to these funds. To address these issues, the Sekuritance RegTech Suite provides tailored services and modules designed to meet various regulatory and compliance standards. Acknowledging the diverse jurisdictional challenges within the RegTech sector, Sekuritance invites other software-as-a-service providers to integrate their API offerings into the Sekuritance Partner Marketplace, creating a comprehensive RegTech Gateway for users globally.
The Sekuritance Ecosystem
The Sekuritance ecosystem features eight principal products designed to enhance compliance and security in transactions.
1. **Sekur.Vault (Data Tokenisation Vault)**: This innovative omni-vault is engineered to meet the highest security standards. It’s designed not just to store data, but to enhance its value upon retrieval by utilizing additional Sekuritance modules such as BIN checks, KYC verifications, and AML assessments. The platform’s user-friendly API and interface allow for secure storage of various sensitive data, including card information, crypto wallet keys, personal data, corporate data, and transaction records.
2. **Sekur.MFA (Multi-Factor Authentication)**: Primarily focused on 3D Secure services within the traditional payment realm, Sekur.MFA is advancing towards a decentralized, on-chain identity management system. Its acquirer-agnostic 3D solution enables merchants to validate 3D checks before processing payments.
3. **Sekur.Connect (RegTech Marketplace)**: The Sekuritance RegTech SekurSuite is a formidable toolkit; however, keeping pace with global regulatory changes is a daunting challenge. To address this, Sekuritance is creating a RegTech marketplace, allowing various software providers to showcase their solutions and engage in the SKRT token economy.
4. **Sekur.Alert**: This feature connects to specialized datasets, ensuring users conduct transactions with reputable wallets and identities. The crypto community is encouraged to report fraudulent activities to Sekuritance to bolster this dataset, with unique reports earning participants rewards through the SKRT Loyalty and Reward program.
5. **Sekur.Transact**: This platform offers tools for KYC, KYB, KYT, AML, and sanction screening, enabling businesses to verify customer identities and their eligibility for services. It also provides risk assessments to prevent fraud and misuse.
6. **Sekur.Trace**: The notion that cryptocurrencies are entirely anonymous is misleading. Modern de-anonymization technologies can track Bitcoin and other cryptocurrencies, making it crucial for regulatory bodies to adapt to tightening regulations within the crypto sector. Sekuritance aims to be a leading provider of RegTech solutions, advocating for transparency and control in financial data on blockchains.
7. **Sekur.Certify**: This service permits users to authenticate their control over a wallet after completing KYC and AML checks, alongside a thorough investigation of the wallet’s history.
Details of Sekuritance Token Offering
The Sekuritance token offering will be conducted using the TrustSwap Launchpad. Following a successful offering, a Uniswap pool is scheduled to launch on May 13th, 2021, allowing SKRT trading within the Sekuritance network. Along with the token offering, Sekuritance will provide a preview of its comprehensive RegTech Suite and Partner Platform. TrustSwap’s technology facilitates secure peer-to-peer transactions through TrustSwap SmartLaunch, ensuring that the Sekuritance community can engage without concerns of market manipulation. Furthermore, TrustSwap’s time-based SmartLock feature introduces structured distribution to minimize the risks associated with unauthorized token transfers. Sekuritance plans to employ TrustSwap SmartLocks for team token vesting, token holder vesting, and liquidity locks.
