Singapore, July 8th, 2024 – Singularity, a pioneer in confidential DeFi infrastructure, and Quadrata, a leader in digital identity solutions for Web3, are excited to announce a strategic partnership aimed at enhancing on-chain confidentiality and compliance in the decentralized finance (DeFi) space.
Singularity is developing a non-custodial, confidential DeFi infrastructure for institutions that requires KYC/KYB, using zero-knowledge proofs. This protocol allows users to engage with DeFi while ensuring their on-chain transactions remain confidential and compliant.
Quadrata has transformed the Web3 landscape by introducing a single sign-on, portable digital passport that grants institutional users access to an entire ecosystem of Web3 applications in a compliant manner while preserving user privacy.
Through this partnership, Singularity is integrating with Quadrata’s KYB/KYC solution and providing Quadrata’s 200+ existing KYB's institutions access to Singularity’s confidential on-chain infrastructure, creating a compliant-friendly environment that enables institutional participation in DeFi on the Arbitrum blockchain.
Singularity is proud to welcome Quadrata to its compliance partnership repertoire, providing institutional users with compliant access to the Arbitrum blockchain.
About Singularity
Singularity is a compliant institutional DeFi access layer that provides access to popular protocols for institutional on-chain participants with commercial confidentiality. Users will have their wallet addresses obfuscated while leveraging existing DeFi liquidity. Singularity uses the state-of-the-art UltraPLONK proof system with zero-knowledge circuits based on Noir.
About Quadrata
Quadrata is a passport network bringing the identity and compliance layer to DeFi applications on existing public blockchains. Smart contract applications are able to leverage Quadrata’s proprietary technology to natively access KYC/AML status, country of residence as well as credit reputation and accredited investor status of Quadrata passport holders.
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