HONG KONG, Oct 23, 2018 - (ACN Newswire) - The well-known cryptocurrency exchange HitBTC announced today that Blockpass' PASS token has successfully been listed on the platform. The PASS Token is an ERC20 KYC standard utility token that serves as a discount token on the Blockpass platform.
For both the exchange and Blockpass, this token listing is an exciting achievement. PASS tokens are of the first-of-its-kind KYC token standard. This means that in order to exchange the token, the token holder is required to possess a certified KYC-compliant identity. The KYC token standard is an important innovation as the digital economy becomes more and more regulated, worldwide.
"We're really pleased to announce that PASS is now trading on HitBTC! We have been working hard to ensure that are building a strong and cohesive ecosystem of partners," said Adam Vaziri, CEO of Blockpass. "We are expanding the offering of PASS, our pioneering KYC-forward token, on multiple exchanges. PASS is not just a discount voucher for Blockpass KYC offerings and a reward for identity verification, it is a testament to Blockpass' positioning as the leading compliance tool for security token offerings."
Blockpass has announced a number of key partnerships in recent months, most notably the establishment of a world-first advanced blockchain identity research laboratory, the Blockpass Identity Lab, in collaboration with Edinburgh Napier University. In addition, Blockpass announced its partnership and commitment to collaboration with token trading platform Ethfinex last week. Through this partnership, traders using the Ethfinex platform will be able to create a user-centric verified identity profile that can be used to allow instantaneous access to participation in ICOs on Ethfinex.
About Blockpass IDN
The goal of Blockpass IDN (http://www.blockpass.org/) is global realization of identity for the Internet of Everything. Through the use of blockchain technology and smart contracts, Blockpass is a production ready Regtech platform offering shared regulatory and compliance services for humans, businesses, objects and devices. As this identity system supports verification of humans (KYC), objects (KYO) and connected devices (KYD), it will enable the development of new applications that rely on a trusted connection between human, corporate, and device identities. Registered in Hong Kong, Blockpass IDN is a joint venture of Infinity Blockchain Labs and Chain of Things. Blockpass IDN licenses its technology from the non-profit Blockpass Foundation, registered in the Isle of Man.
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Topic: Press release summary
Sectors: Currencies, FinTech/Chains, ICO's
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