Today we’re launching OST KYC: the first crypto-powered plug-and-play KYC/AML management solution for ICOs.

Why we built OST KYC

We developed OST KYC for our own use during the Simple Token “OST” ICO.

Leading up to the OST ICO we researched existing KYC / AML & Whitelisting solutions in the market and found that most ICO projects (and their customers) were less than happy with the user experience of 3rd party solutions, while those solutions often cost between $400,000 to $800,000 to process 20,000+ records. Our team has a long history of developing and scaling products that simplify complex business problems. After careful analysis we determined that we would be better off building our own homegrown KYC solution, in partnership with Cynopsis Solutions, rather than going with a 3rd party.

During the OST ICO we achieved 189% of our target while earning accolades from the crypto community for the smoothness of the KYC / AML & Whitelisting process. During the OST ICO we processed thousands of applicants on the fly — including two thousand in the final 24 hours of the token sale — thanks to our robust and flexible ostKYC technology, tools, and admin dashboards, and integrated blockchain whitelisting.

Following our ICO we were approached by several crypto industry advisors and experts with requests for us to white-label our KYC tools for their clients’ use. As we were already planning to integrate OST KYC into OST KIT, our complete blockchain toolkit for businesses, offering OST KYC as a standalone product for ICO’s was a no-brainer.

Today we are pleased to make OST KYC available for any company to use.