The key to getting more institutions onchain: Rethinking KYC

Double check your spelling or try a different search term. Still can't find what you're looking for? Check out our featured articles. For anyone unfamiliar, these checks are a necessary part of financial institutions’ obligations under the Bank Secrecy Act (BSA) to combat money laundering and terrorist financing. The process requires coordination among issuers, verifiers, and regulators with different incentives, timelines, and legal requirements. For banks, broker-dealers, and other BSA-covered institutions bringing tokenized products onchain, the challenge is reaching more customers and accessing liquidity, while meeting compliance requirements that can add time and complexity.