Synaps is proud to announce its partnership with Singularity, a leading institutional-grade DeFi access layer, to enhance corporate partner verification through our advanced Know Your Business (KYB) solutions. This collaboration underscores our shared commitment to compliance and security in the decentralized finance space.
Singularity is a compliant decentralized Darkpool supported by privacy infrastructure to provide institutional participants with on-chain commercial confidentiality, ensuring that only compliant wallets can utilize their platform.
By integrating Synaps' KYB services, Singularity can efficiently verify and onboard corporate partners, adhering to global regulatory standards. Our comprehensive KYB solution streamlines the onboarding process by gathering extensive business details, validating legal existence and ownership through official registries, and conducting compliance assessments, including AML, sanctions, and PEP screenings.
This partnership allows Singularity to maintain its high compliance standards while offering a seamless onboarding experience for its corporate partners. By leveraging Synaps' reusable KYB feature, partners who have already undergone verification can instantly reload their profiles, ensuring a smoother and more efficient onboarding process.
Florian Le Goff, CEO of Synaps, stated, "Our mission at Synaps is to make compliance a competitive edge. By partnering with Singularity, we are enhancing their ability to onboard corporate partners swiftly and securely, ensuring adherence to global regulatory standards."
Jemma Xu, CEO & Co-Founder of Singularity stated, “Our partnership with Synaps is key to streamlining compliance and efficiency for our institutional users who desire privacy with their DeFi transactions. By integrating Synaps' KYB solutions, we provide Synaps users with an end-to-end compliant on-chain privacy solution for wallet and transaction obfuscation, providing the ultimate protection against sandwich attacks and MEV front-running."
This collaboration marks a significant step forward in strengthening compliance and security within the DeFi ecosystem, providing institutions with the confidence to engage in decentralized finance activities.
Synaps provides seamless, privacy-preserving KYC/KYB solutions for Web3 projects. Our fast, modular verification system enables on-chain compliance, helping projects scale while staying regulatory-ready.
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