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Netki Market Research Report



1. Company Overview



Name


Netki

Mission of the Company


Netki aims to bring industry solutions to cryptocurrency communities through enhanced mass market uptake.

Founded


2014

Founders


- Justin Newton
- Dawn Newton

Key People


- Justin Newton: CEO and Co-Founder
- Dawn Newton: COO and Co-Founder
- Andy Grant: VP Marketing

Headquarters


Calabasas, California, US

Number of Employees


11-50

Revenue


No information is available

What is the Company Known For?


Netki is known for its remote digital identity verification technology, specifically designed to facilitate compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. It is uniquely adapted to the needs of Initial Coin Offerings (ICOs) and token sales, making it the first solution built specifically for blockchain companies.

2. Products



OnboardID


Netki's fully automated identity verification solution reduces onboarding costs while preventing fraud. It is integrated into clients' backend systems via APIs and mobile SDKs, ensuring data privacy and security.

Key Features:


- 60% reduction in onboarding costs
- 95% autovalidation rate
- Accepts 4x more ID types than competitors
- Advanced biometrics for diverse racial recognition
- Customizable UX interface
- GDPR, IVMS 101, BIP75, and CCPA compliant

TransactID


Netki’s tool for ensuring travel rule compliance by creating secure bridges for non-custodial Virtual Asset Service Providers (VASPs). It facilitates an open, global digital asset market.

Key Features:


- Works across all public and private blockchains
- KYC for custodial and non-custodial VASPs
- Open standards-based, avoiding vendor lock-in
- Secure, encrypted peer-to-peer transactions

DeFi Sentinel


Ensures regulatory compliance for DeFi protocols, smart contracts, and real-world assets and securities on-chain.

Key Features:


- Real-time KYC/AML, wallet, and transaction screening
- Supports complex regulatory requirements using on-chain and off-chain data
- Integrates seamlessly with other ecosystems

3. Recent Developments



New Products and Features



- DeFi Sentinel: A tool aimed at ensuring compliance for DeFi protocols, launched to help developers focus on high-impact projects rather than complex regulations.
- OnboardID Enhancements:
- Integration with Sui’s institutional-scale network, bringing KYC/AML tools for real-time wallet and transaction screening.
- New compliance dashboard offering a centralized hub for individual and corporate verification.

New Partnerships and Collaborations


- Sui Foundation: Netki has partnered with Sui to bring institutional-grade compliance to Sui’s network.
- Polymesh Association: CEO Justin Newton was appointed to the Polymesh Governing Council.
- Hub71+ Digital Assets Program: Netki joined the program, establishing an international headquarters in UAE.

Events and Conferences


- Participated in Blockchain Summit LatAm 2022 in Panama.
- Presented at Sequire Decentralized Web Conference in 2022.
- Keynote Speaker at Vertalo’s Digital Assets and Securities Conference (DAAS'22).

Notable Achievements


- El Salvador Chivo Wallet: Netki onboarded 4 million users in 45 days, significantly preventing identity fraud and facilitating El Salvador’s national Bitcoin adoption.
- Compliance Certifications: Proactively meeting GDPR, IVMS 101, BIP75, and CCPA standards, with ongoing efforts towards SOC-2 certification by Q3 2022.

Conclusion


Netki has established itself as a leader in KYC/AML compliance, particularly within the blockchain and cryptocurrency domain. Their innovative solutions like OnboardID, TransactID, and DeFi Sentinel, alongside strategic partnerships, recent achievements, and a strong presence in industry events, position them as a significant player in the digital identity verification market.