Aave’s Push for Institutional DeFi Gets Second KYC Provider Proposal

Posted on by American Coins & Gold

Aave’s Push for Institutional DeFi Gets Second KYC Provider Proposal
Securitize, a technology provider for issuing tokenized securities, is bringing its system of identity verification to decentralized finance (DeFi) as the world of “degens” inches closer to Wall Street.The firm, regulated by the Securities and Exchange Commission (SEC) and a holder of U.S. broker-dealer and alternative trading system (ATS) licenses, proposed its know-your-customer (KYC) solution to DeFi lending platform Aave on Friday.A community vote among stakeholders in Aave Arc, a KYC-compliant and institutional-grade version of the DeFi lending platform, will take place over the weekend (a similar process to when Fireblocks sought to become a whitelisted custodian). Following the preliminary…