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Know your customer

At SolidProof, we engage in a streamlined process that combines automated verification tools with manual authentication across multiple steps, ensuring a secure, accurate, and straightforward KYC (Know Your Customer) process. The KYC data storage is held offline on an AES-256 encrypted disk, ensuring the highest data security and confidentiality level.

*Our KYC process is supported with AI technologies from our third-party partner Veriff.com

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Benefits of KYC

KYC, which stands for Know Your Customer, refers to the process of verifying the identity of individuals or entities involved in financial transactions. While KYC has traditionally been used in the banking and financial sectors, it also has significant benefits when implemented in blockchain systems. Here are some of the benefits of KYC in blockchain:

Enhanced Security

KYC helps mitigate the risks of identity theft, fraud, and money laundering. By verifying the identities of participants, blockchain platforms can prevent unauthorized access, minimize the potential for illicit activities, and ensure compliance with regulatory requirements.

Regulatory Compliance

By integrating the Solidproof KYC processes into blockchain systems, organizations ensure regulatory compliance, mitigating legal penalties and reputational harm, as jurisdictions mandate financial institutions to adhere to stringent KYC regulations.

Trust and Transparency

KYC implementation fosters trust and transparency in blockchain networks. By verifying the identities of participants, users can have increased confidence in the integrity of the network, knowing that all participants have undergone a vetting process.

Reduced Risk

KYC mitigates risks tied to unknown or unverified entities, aiding in assessing participant credibility. By linking real-world identities to blockchain addresses, it facilitates traceability, attributing actions to individuals/entities, enhancing accountability, deterring misconduct, and fostering greater responsibility in network participants.

Traceability

KYC implementation allows for increased accountability within blockchain networks. By tying real-world identities to blockchain addresses, it becomes easier to trace and attribute actions and transactions to specific individuals or entities. This accountability can deter malicious activities and provide a higher level of responsibility among network participants.

Enforcement

Anti-Money Laundering (AML) regulations are designed to prevent the use of financial systems for money laundering and terrorist financing. KYC processes play a crucial role in enabling compliance with AML regulations by ensuring that participants are identified and verified, making it easier to track suspicious activities and report them if necessary.

Connect with Confidence

Our KYC certificates are widely accepted by launchpads on various networks, granting a "SAFU" badge on certain platforms. If you are planning to launch on a specific platform, feel free to contract us to get more information.

Trust through KYC

Experience a seamless and reliable KYC process with SolidProof, providing you with the necessary verification to meet regulatory requirements and establish trust.
KYC

How to KYC

  • 1

    Submit full team info

    We need some personal details from every core team member of the project, which will be sent to an secure endpoint.
  • 2

    Booking a live call

    After checking the details, you need to participate in a live call with one of our KYC specialists. In addition to reviewing the documents, we have a questionnaire about personal and project details.

  • 3

    Internal review

    After all previous steps have been completed, we perform a background check, which can take up to 48 hours depending on the project.

  • 4

    KYC certification

    If the KYC is successful, all data is stored offline on an AES-256 encrypted disk.

Need a KYC?

Click on the button "Request a KYC" to get in contact with the Solidproof team!

Request a KYC
FAQ

Any questions?

SolidProof is a leading registered KYC provider, established in May 2020. As a trusted and reliable partner, we have successfully verified around 1000 projects through our KYC services. Our first-class verification process sets industry standards and is highly regarded by investors. When it comes to investor support, SolidProof goes above and beyond, ensuring unparalleled assistance in the unlikely event of fraud.

At SolidProof, we prioritize the safety and security of our clients sensitive identity data. As a registered company in Germany with a legal notice, we comply with all necessary licenses and regulations for each service and product we offer. We store our clients data on secure AES-256 encrypted hard drives. Furthermore, our e-mail communications operate on an end-to-end encrypted Swiss server, ensuring the upmost data protection possible.

It is important to be cautious of other KYC providers in the market who may not be compliant or registered, lacking proper processes for identity verification and data protection. These providers often offer limited or no support to investors in case of fraudulent activities. With SolidProof, you can trust that your KYC needs will be met with professionalism, reliability, and the highest standards of security.

The duration of the KYC verification process can vary depending on several factors, including the speed of compliance from the clients themselves. However, we strive to process and complete verifications as efficiently as possible within 48hours.

Yes, in most cases, you can update your information after completing the initial KYC process. However, this will depend on various factors that will be handled by the KYC department itself.

The documents required for KYC verification may vary depending on the service or platform. However, common documents include:

- Company Name, Address and Registration No.
- Passports of all founders (Front/Back), including a self-portrait
- Personal addresses of all founders
- Certificate of company registration
- One invoice (electricity, government, tax etc.) for address verification of the founder/s

In addition to these documents, clients that undergo a KYC will be required to participate in a live Zoom call to verify documents (including a live SMS for phone number verification), verify their identity through random requirements, and potentially provide business licenses if based in high-risk profile countries.

At SolidProof, we take confidentiality and data protection seriously. As a Germany-based company, we operate under the strict guidelines of the General Data Protection Regulation (GDPR), known as Datenschutz-Grundverordnung (DSGVO) in German. This means that we adhere to robust security measures and procedures to safeguard our clients sensitive information. We ensure that all data shared with us during the auditing process is treated with the utmost confidentiality and stored securely. Our commitment to data protection and compliance allows our clients to have complete confidence in the handling of their information throughout our engagement.