Unizen Partners With CAAG To Bring High-Level Compliance To CeDeFI

Image source: Unizen

Better compliance is the name of the game for the smart exchange ecosystem platform Unizen, which revealed today it’s partnering with CA Crypto Advisory AG to develop and promote “high-level compliance” across its ecosystem of DeFi applications. 

Unizen is aiming to solve some of the many challenges around crypto and decentralized finance, such as high network fees, liquidity issues, slippage and KYC. It has created a smart exchange ecosystem that combines both centralized and decentralized infrastructure – also known as CeDeFi – into a single platform. By plugging multiple exchanges and apps into one, Unizen is able to reduce trade execution times and provide enhanced risk mitigation through integration of social sentiment indicators and more. 

For such a comprehensive platform that’s aiming to reduce risk, compliance is a high priority and so it makes sense to partner with a prestigious firm like CAAG, which is one of the most reputable blockchain compliance advisory firms around. It possesses tons of expertise in areas such as due diligence, regulatory reporting and transaction monitoring. 

Unizen said it’s looking forward to working with CAAG in a range of areas, with a particular focus on monitoring transactions and analyzing its customer’s behavior. In particular, its head of compliance Siegfried Herzog will work closely with CAAG to plan a multi-jurisdictional compliance strategy that will fit with all of the markets it operates in. 

Noting that CAAG is a highly regarded expert in the crypto industry, Herzog said it possesses a “deep grasp of crypto compliance, transaction processes, safety and transparency”. 

“All these are values that we seek to implement in Unizen, and it means a lot to us to be able to work alongside some of the best in the field to help us realize our vision,” he added. 

Working with CAAG, Unizen aims to build full compliance with KYC and AML regulations into its platform, without forsaking the open and decentralized nature of its platform, it said in a statement. Its main priority is to build a compliant and secure platform that will enable everyone to transact safely in a well-operating environment, it added. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.