Etherparty Selects IdentityMind Global to Handle KYC and AML Compliance for Crowdfund Platform

IdentityMind Global™, Digital Identities You Can Trust, announced that Etherparty Smart Contracts, Inc., a Vancouver, Canada blockchain technology company, has selected IdentityMind to provide KYC and AML compliance support for Etherparty’s Rocket platform.

Etherparty, a wholly owned subsidiary of Vanbex Group, builds intuitive, end-to-end smart contract solutions, the first of which is crowdfund creator Rocket. Rocket removes the complexity and management of creating and executing an ICO across multiple blockchains, which will include compatibility with Ethereum and Bitcoin’s blockchains at launch this spring.

The platform uses FUEL tokens so users can pay with all services across all product pillars with FUEL, an ERC-20 compatible token. Etherparty’s Rocket software product expects to support well over 20 crowdsales on multiple blockchains this year.

IdentityMind provides a turnkey solution for customer onboarding, helping companies conduct know your customer (KYC) in an automated fashion, while meeting regulations worldwide. In addition, it provides anti-money laundering (AML) checks on potential ICO contributors.

“We’re excited to partner with IdentityMind, the leading KYC and AML solution white label provider for companies who support utility or security tokens,” said Kevin Hobbs, CEO, Vanbex Group. “Their KYC solution is the perfect complement to Etherparty’s end-to-end solution for crowdfunding. IdentityMind has everything we need – a proven, established product; domain expertise; extensive knowledge of the evolving global, regulatory and compliance environments; and proactive client services. Going forward, we have a more complete solution for our customers.”

“The partnership is a natural – IdentityMind and Etherparty provide clients looking to embark on an ICO with a turnkey solution,” said Garrett Gafke, CEO, IdentityMind Global. “Clients don’t have to search out and cobble together disparate solutions from multiple vendors as they map our their ICO journey. Working together, we can expedite the ICO process and provide a proven solution to ensure Vanbex customers meet KYC and AML compliance requirements worldwide.”

Initial Coin Offerings (ICOs) have grown exponentially with nearly $6 billion raised in 2017, and over $2 billion in Q1 of 2018. IdentityMind has worked with over 78 ICO clients in 20 countries across a variety of markets including lending, digital currency, retail, healthcare, payments, and more, evaluating more than 400,000 users, in nearly 80 countries who contributed over a billion dollars. Representative IdentityMind clients include Airtoken, BurstIQ, CRYPTO20, DataBroker DAO, Dragon Corporation, Fluz Fluz, Liquineq, Sparkle Coin, and others.