Building out a Secure Environment to Democratize Web3 Investments

There isn’t much that human beings cannot do, but mind you, there is nothing we do better than growing on a consistent basis. This progressive approach, on our part, has already got the world to hit upon some huge milestones, with technology appearing as a major member of the stated group. The reason why technology enjoys such an esteemed stature among people is, by and large, predicated upon its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look up close for a second, it will become clear how the whole runner was also very much inspired from the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. Of course, this revolution then went on to scale up the human experience through some outright unique avenues, but even after achieving such a monumental feat, technology will somehow continue to produce the goods. The same has grown increasingly evident over the recent past, and assuming one new fintech-themed development shakes out just like we envision, it will only make that trend bigger and better moving forward.

EquiDeFi, a trailblazing private investing platform, has officially partnered with ATEM Group to leverage the latter’s experience in web3-centric technologies, including blockchain and tokenization. Under the agreed terms, EquiDeFi will apply the stated expertise to implement a groundbreaking Know Your Customer Token (KYCT) system on its platform. This system, in turn, will feature a user hash-based account system correlated to issued wallets, a cloud-based NFT-based smart contract engine for KYCT, and various smart contract architectures. But how will the whole setup work on a more practical level? Well, once an investor passes through the necessary regulatory and background checks, they’ll receive the proprietary blockchain-powered KYCT, which should confirm their eligibility to participate in private placements from various issuers. The allotted KYCT will remain with the investor across each and every interaction of theirs on EquiDeFi. This allows private placement issuers to reach a curated list of prequalified KYCT holders with new offerings tailored to their interests. Although it offers a pretty substantial value proposition, the new KYCT system only accentuates EquiDeFi’s already comprehensive platform. You see, the stated data management, investment, and funding platform is already known for streamlining private offering processes on the issuer’s behalf, while simultaneously reducing barriers for accredited investors through an investor dashboard which securely manages investment records. Furthermore, the solution also offers investors a set of specialized education tools and other services that are all geared towards making the idea of private placements more accessible.

“We are thrilled to partner with ATEM Group to revolutionize private investing by enhancing the KYC process, expanding investor access, and creating best practices for the digital era of private placements,” said Marc Goldbaum, Director of Web3 Innovation at EquiDeFi. “Their proficiency in web3 technologies and their commitment to innovation made them an ideal collaborator for our ambitious KYCT implementation.”

The development in question provides an interesting follow-up to EquiDeFi recently publishing a KYCT Litepaper, which talked, at length, about current challenges faced by issuers and investors due to cumbersome, paper-based or digital signature workflows that lack uniformity and create compliance challenges. As for what makes ATEM Group an ideal partner to overcome such a problem, the answer, like Goldbaum indicated, resides in the company’s ability to conceive intelligent solutions that focus on helping us maximize the world’s digital potential. Boasting the means to develop technologies like AI, distributed ledger/blockchain (web3), and more, ATEM lets you access a completely different angle when it comes to scaling up efficiency, transparency, and the degree of innovation present within your business.

“KYC is a vital process in today’s financial landscape, and we are thrilled to integrate it into EquiDeFi’s workflow,” stated Virginia Dadey, Founding Partner at ATEM Group.” Implementing KYC as a standard practice in EquiDeFi’s onboarding workflow ensures compliance with legal and regulatory requirements, protects businesses from financial crimes, and upholds the integrity of the financial system.”

Moving on to EquiDeFi, operating out of New York, the company has made it a mission to democratize and decentralize private placements, therefore making them accessible to a wider range of investors beyond traditional institutions and insiders. To pursue this ambitious objective, EquiDeFi uses a scalable SaaS platform which comes decked up with Embedded DocuSign, automated Stripe ACH for up to USD $1 million, and affiliated SEC registered transfer agent for escrow, and share issuances that offer you complete services and reporting suite.