Milestone deal for IdentityMind global as ONe Network signs on

IdentityMind Global has secured its 150th ICO/STO customer.

ONe Network, a decentralised third generation private social media platform, has selected IdentityMind’s platform to perform know your customer (KYC) and anti-money laundering (AML) compliance requirements. Other clients include Airtoken, BurstIQ, CRYPTO20, DataBroker DAO, Dragon Corporation, Fluz Fluz, Liquineq and Sparkle Coin.

More than $6 billion was raised via ICO/STO’s in 2017, up from $10 million in 2014. In Q1 2018, ICO volume was $6.3 billion. “Looking out over the remainder of 2018, I anticipate continued robust ICO market growth coming with increased regulatory scrutiny,” says Garrett Gafke, CEO, IdentityMind Global. “Previously, there was an emphasis on utility-based tokens but we’re now seeing a movement toward securities-based ICOs. We also expect that the SEC and FinCEN (Financial Crimes Enforcement Network) will increase their examination of ICOs and take actions against those not following US regulations. Regardless, IdentityMind has domain expertise in both security and utility tokens.”

John Hoelzer, Founder and CEO, ONe Network, comments: “We liked the fact that they have a proven, market-tested product; a successful track record of working with over 150 companies to conduct their ICO/STO journeys; deep domain expertise and intimate knowledge of the ever-changing global regulatory and compliance environments.”