Kyber Network will be utilizing and integrating with traceto.io, the decentralized Know Your Customer (KYC) network.

Traceto.io is leading the movement to promote more robust KYC checks within the blockchain sphere. This company has identified important issue within current KYC systems. Issues such as the false assumption that anonymity overrides anti-money laundering (AML) and counter terrorism financing (CTF) regulations. In response, they have brought together experienced personnel to build a watertight KYC processes, promoting stronger communities of transparency and responsibility.

Our collaboration with traceto.io started during the Kyber Network Initial Coin Offering in 2017. During that time the traceto.io parent company helped us automate our KYC ICO process, ensuring that we enlisted reputable and trustworthy individuals into the initial stages of our platform.

Both our companies have come incredibly far since that initial collaboration, and we are overjoyed to be working with this team again. As soon as the traceto.io platform is up and running, we will be integrating with them to enhance our KYC program, ensuring that Kyber Network meets the necessary regulatory obligations.

Furthermore, Mr. Chionh Chye Kit, the Managing Director of Cynopsis and CEO of traceto.io, will be joining the Kyber Network Board of Advisors. Our CEO, Dr. Loi Luu and our Executive Advisor, Mr. Wong Lee Hong, will also be joining traceto.io in advisory positions. This collaboration will surely be fruitful for both companies, as these individuals are well experienced and respected within business and blockchain communities.

We look forward to a successful collaboration with this reputable team.