Blockpass is pleased to announce a partnership with AYA, a UAE-based fundraising platform focused on intersectionality blockchain And sustainability. With an interest in facilitating innovative solutions that encourage a greener future, AYA guides and grows projects that combine the transparent and limitless nature of blockchain technology to advance the goal of sustainability and achieve the Sustainable Development Goals.
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This partnership will see Blockpass enhance AYA's compliance procedures and provide: risk assessment and risk profiling of new clients, customized forms based on client and regulator requirements, regular stringent wallet compliance checks to protect user transactions, and assessment of risks associated with wallets to ensure – absence of fraudulent and suspicious transactions. This will include the full range of Blockpass products, including KYC, KYB and AML solutions, the new advanced KYC bot, continuous monitoring and Blockpass's unhosted KYC wallet.
Known as “Web3's OG identity verification tool,” Blockpass has pioneered reusable identities and crypto-native KYC/AML solutions. Its suite of out-of-the-box compliance tools is designed to reduce onboarding costs, automate remediation, demonstrate humanity and protect against malicious actors, fraudulent activity, bots, and artificial intelligence. Businesses can quickly set up services, test them for free, and start verifying users. With nearly a million verified identity profiles, Blockpass facilitates instant setup, and to date over a thousand businesses have taken advantage of this opportunity to leverage the Blockpass compliant network.
AYA is the first fully regulated climate finance platform in the MENA region, regulated by the Dubai Virtual Assets Regulatory Authority (VARA) in 2023. Built on blockchain technology, AYA focuses on helping climate technology projects raise capital from the investor community, Using carbon and nature-based credits as assets. AYA will leverage its team's experience building and operating Enjinstarter — a large-scale crowdfunding platform focused on gaming, entertainment, and the metaverse — to foster a nurturing ecosystem of mentorship, funding, and collaboration where pioneers can leave a lasting legacy of sustainability for generations to come.
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“Through our strategic partnership with Blockpass, we at AYA reaffirm our commitment to upholding the highest standards of AML and KYC practices in the industry. This collaboration underscores our commitment to fostering a secure, compliant and trustworthy environment for our users, laying the foundation for a more responsible and sustainable future in the virtual assets space,” he said. Fasih Ahmed, General Manager of AYA.
“We are thrilled to be working with a company so focused on the future of blockchain technology and the planet.” said Blockpass CEO Adam Waziri. “We have previously worked with Enjinstarter and it is a great honor to once again be chosen to work with such a visionary team on such an important project.”
Working together, Blockpass and AYA will ensure the sustainable future of blockchain technology and the world against identity fraud and money laundering. By ensuring regulatory compliance, Blockpass will help AYA grow and prosper in its quest to fuel the right projects and innovate responsibly.
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