Singapore — Midas Protocol, an emerging blockchain solutions company announces that it will offer a token sale to create an intelligent tool for everyone to manage, invest, trade, exchange and spend crypto-assets. As a decentralized platform built on blockchain technology, token sale fund will be used to develop its products and drive the company’s mission to increase wealth through smart crypto investment and portfolio management. Midas Protocol aims to be the smartest universal wallet for all essential crypto needs, from safekeeping, intelligent trading, portfolio management, easy conversion to fiat and spending of cryptocurrencies. Ultimately Midas Protocol wants to empower everyone to create an investment portfolio for a personally customized basket of crypto-assets.
Cynopsis — a RegTech Company founded and based in Singapore. It is selected as a RegTech 100 company amongst the world’s most innovative RegTech companies that every financial institution should know about. Cynopsis help clients in the Financial Services Sector (including FinTech and Cryptocurrency start-ups) and the Professional Services Sector better comply with ever-increasing regulatory requirements, in particular Know-Your-Customer (KYC), Anti-Money-Laundering (AML), Counter Terrorism Financing (CTF). traceto.io is a decentralised KYC network that provides an inclusive KYC solution to cryptocurrency and blockchain product companies by fusing Smart Contract and Artificial Intelligence technologies. Leveraging on over 5 decades of experience in Compliance and RegTech, traceto.io’s vision is to bridge the gap between the real and virtual world KYC processes. Cynopsis and traceto.io’s team is highly experience in providing KYC solutions, and will be utilising Blockchain Technology to revolutionise the KYC processes in the crypto industry. Working with Blockchain industry players — such as Kyber Network, Digix, PolicyPal Network and Swipe Crypto — Cynopsis and traceto.io help the steady stream of new blockchain projects develop simpler, faster and more reliable KYC compliance processes.
The 2 companies have agreed to partner in 3 strategic areas:
- Future ICOs that launch from Midas Protocol Wallet will utilize Traceto/Cynopsis underlying KYC/AML Solutions.
- Future Crypto Exchanges that work directly and fully integrated with Midas Protocol system will also be introduced with Traceto/Cynopsis’ KYC/AML Solutions.
- Midas Protocol, through its strategic partner Regulus Investment and Capital Holdings, will help to implement Traceto/Cynopsis KYC/AML solutions into Public-Private-Partnership projects in Vietnam.
“We are very excited to partner with Midas Protocol to provide revolutionary KYC services to its network of projects. This strategic partnership aligns to the vision of Cynopsis and traceto.io to promote regulatory inclusion for the blockchain community.” — Chionh Chye Kit, CEO and Founder of Cynopsis Solutions and traceto.io.
“We are delighted to have a strategic partner like Cynopsis with vast technical know-how and extensive network, that will be extremely helpful in bringing our products and our ecosystem to global scale. Together, we will contribute to global adoption of decentralized economy and take it to the next level”. — Dr. David Nguyen Vu, Chairman and CFO of Midas Protocol.
About Cynopsis Solutions
Cynopsis Solutions is a RegTech company founded in 2014 and based in Singapore. They combine deep regulatory and compliance expertise with smart use of functional technologies to offer very cost effective anti-money laundering and counter terrorism financing solutions.
traceto.io is a decentralised Know Your Customer (KYC) network that provides an inclusive KYC solution to cryptocurrency and blockchain product companies by fusing Smart Contract and Artificial Intelligence technologies. Leveraging on over 5 decades of experience in Compliance and RegTech, traceto.io’s vision is to bridge the gap between the real and virtual world KYC processes.
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