Genesis Shards enters into a strategic partnership with leading KYC/AML specialist Sumsub

Sumsub will be the KYC solutions partner for Genesis Shards and also comes aboard as an ecosystem partner for Genpad

Sumsub provides one of the most efficient and seamless solutions which is easily integrated and set up through either mobile or web SDK and API. Sumsub also offers top notch legal expertise and compliance services throughout the globe. The platform is built on a risk-based approach and follows global and local regulatory norms (including FATF, FINMA, FCA, CySEC, MAS). 6500 types of documents from 220+ countries and territories are supported for authentication and verification. Sumsub is the first in the KYC field to be able to automatically handle documents with local Asian languages — Korean, Japanese, Chinese.

Through this partnership :

📌 Sumsub will be the KYC/AML partner for Genpad

📌 As an ecosystem partner, Sumsub can also partner with projects in the Genpad ecosystem for KYC/AML solutions

More than 30 high-quality access, ecosystem & network partners have already placed their trust in GS and the network continues growing ! Keep an eye out for this space as we move into the second half of 2021 with many more preIDO launches, partnerships and feature updates in the pipeline.

“GS strives to put in the legal foundation to ensure compliance with all the evolving regulation and KYC/AML requirements — this would establish a solid foundation for growth. The collaboration with Sumsub will make this process seamless.”

  • Garlam Won, Genesis Shards Co-founder

“We’re happy to be chosen as Genpad preIDOs’ KYC partner and are looking forward to delivering a smooth frictionless experience for all of the Genpad platform users.“

  • Jacob Sever, Sumsub Co-founder

About Sumsub

Sumsub is an all-in-one technical and legal toolkit to cover KYC/AML needs. The company provides a powerful platform for converting customers, speeding up verification, reducing costs, and detecting digital fraud. Sumsub’s global clientele, based in over 200 different jurisdictions, are able to meet financial requirements (FCA, CySec, MAS, FINMA, BAFIN, etc.) and expand to new regions thanks to top-notch technology and legal support. Sumsub clients include BlaBlaCar, Gett, ESL Gaming, JobToday, Wheely, Vk.com, Decta, Exness, WebPay, FXOpen, Maxi Partners, Bank Dobrobyt, and others. In 2020, Sumsub entered a series A funding round led by MetaQuotes.

Website | Twitter | Youtube

About Genesis Shards

Genesis Shards is a decentralized ecosystem powered by Polkadot redefining NFTs as DeFi options, creating a permissionless environment of interchain liquidity for pre-IDO tokens. By wrapping time-locked fungible tokens into NFTs, Genesis Shards is creating a new marketplace for previously illiquid tokens.

The next major steps in Genesis’s journey will be announced soon ! Keep an eye on this space for updates.

Follow Genesis Shards’ developments on:

Telegram Announcement | Telegram chat | Twitter | Website

Transforming NFTs into a liquidity vehicle for Pre-IDO tokens and a whole new suite of DeFi products across multiple blockchains.