Netki

Netki was established in 2014 by internet veterans Justin Newton and Dawn Newton, who serve as CEO and COO, respectively. Their journey began during the early days of the internet, with both holding key roles at companies like NetZero, contributing to its multi-billion dollar IPO. Drawing parallels between the internet's early potential and the rise of blockchain, they founded Netki to address critical infrastructure needs in the digital asset space, specifically focusing on identity verification and compliance. The firm secured $3.58 million in a seed funding round on July 5, 2016, with investors including O'Reilly AlphaTech Ventures, Digital Currency Group, and Plug and Play.

Netki provides digital identity solutions tailored for the blockchain and cryptocurrency markets, enabling businesses to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. Its clients range from crypto exchanges and financial institutions to governments and fintech companies. The company's business model is centered on providing these compliance services through its suite of software products, available via APIs and SDKs that integrate into clients' existing systems.

The company's core product suite includes OnboardID, TransactID, and DeFi Sentinel. OnboardID is a fully automated identity verification solution designed to streamline customer onboarding. It utilizes advanced biometrics and supports over 5,000 government-issued documents and native character sets, boasting a 95% autovalidation rate that can be completed in under 30 seconds. TransactID addresses the Financial Action Task Force (FATF) "Travel Rule" by enabling the secure, peer-to-peer exchange of required identity information between Virtual Asset Service Providers (VASPs) and works with both custodial and non-custodial wallets. More recently, Netki introduced DeFi Sentinel, a compliance oracle for DeFi protocols that provides real-time KYC/AML, wallet screening, and transaction monitoring to meet institutional and regulatory requirements.

Keywords: digital identity verification, KYC, AML, blockchain compliance, Travel Rule solution, regtech, fintech, OnboardID, TransactID, DeFi Sentinel, cryptocurrency compliance, identity and access management, biometric verification, digital asset security, FATF compliance, VASP solutions, financial regulation technology, customer onboarding, Justin Newton, Dawn Newton