PureFi signs a partnership agreement aimed at business development with PolkaBridge

11 November 2021. PureFi, a decentralized protocol that provides compliance tools while maintaining the anonymity of users, and PolkaBridge, a Multichain & Cross-Chain Decentralized All-In-One Platform To Include AMM, Farming, Lending, Launchpad, Prediction, NFT, and more signs a mutually beneficial partnership agreement that is aimed to cross-collaborate with different project and make them compliant to increase the DeFi mass adoption.

Encouraging users to become more active actors in the DeFi landscape is one promising step towards adoption. Still, another may be making projects compliant concerning the latest update from FAFT. According to the new FATF Guidance to Service Providers to Include DeFi, all projects within the DeFi space must conduct Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.

The terms of partnership include cross activities such as PureFi.io shall refer pre-qualified projects that have passed the initial due diligence and AML screening. In contrast, PolkaBidge shall refer projects planning to launch IDO to PureFi for the pre-IDO service pack.

PureFi’s team will be glad to support and consult PolkaBridge, its clients, and partners in beta testing its AML protocol that will be launched next week.

We could see a big ambition to grow the sustainable and compliant DeFi space, but also the need for more compliant projects to facilitate it. By working with PolkaBridge, we’ll be able to make it possible. Together, we see a positive outlook for the years ahead, and it’s been a great start to our partnership.” says Slava Demchuk, the CEO of PureFi.

About PolkaBridge

PolkaBridge is a decentralized all-in-one financial applications platform. The PolkaBridge ecosystem is expected to include cross-chain AMM, Farming, Lending, Fundraising platform (Launchpad), Prediction, NFT, and more. All products will be developed with Polkadot in the center.

About PureFi:

PureFi is the only DeFi compliance protocol for mitigating risks of interacting with high-risk illicit assets and onboarding institutionals into DeFi. Developed by AMLBot in partnership with Hacken Foundation, it aims to provide a full-cycle solution for crypto asset analytics and AML/KYC procedures on the DeFi market. PureFi within a set of smart contracts will connect KYC/AML providers with DeFi users and Dexs/Defi projects to provide crypto assets analytics and protect honest DeFi market players from “dirty money” risks. For example, the liquidity pool user will avoid the risk of getting an illegal money trail using the Verifiable Credentials certificate with his full-fledged AML/KYC data.