SelfKey and LEXIT partner to simplify M&A process

Identity management system provider SelfKey has been tapped by blockchain M&A marketplace startup LEXIT to enable fast and easy verification of market participants, SelfKey announced in a blog post.

LEXIT provides an online marketplace for companies, departments, and intellectual property to be bought, sold, and licensed. Its customers include startups wishing to exit, companies selling or leasing work-in-progress applications, and independent developers, and it connects people or entities buying and selling IP with independent appraisers and industry specialists to enable Due Diligence.

Under the new partnership, SelfKey “Know Your Customer” (KYC) onboarding software will be used by LEXIT to verify individuals and legal entities in a simple, quick, and reliable way to meet strict KYC and anti-money laundering AML/CTF requirements. The SelfKey Identity Wallet will also allow customers to sign up with a single click, and the Corporate Identity Wallet will eventually be added to enable instant authentication of complex corporate structures, according to SelfKey.

“Trust and accountability are among the most important ingredients for the success of the new e-economy in general, and for LEXIT’s M&A marketplace in particular,” says LEXIT CEO Amir Kaltak. “SelfKey, with their industry-leading approach to digital-identity services, facilitates this trust and will allow us to hit the ground running even faster.”

SelfKey’s open-source digital identity wallet is based on public key cryptography, and runs on smart contracts powered by SelfKey tokens, Ethereum Virtual Machine, and Ethereum Blockchain. The company also recently partnered with VoiceIT to integrate voice biometric authentication into its self sovereign identity solution.

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