Proof launches Digital Credential Solution to Power Modern Compliance for Digital Asset Services
Proof, the trusted platform for securing the digital economy, today announced digital credential solutions that enable digital asset wallets, service providers, and users to prove their identity and KYC characteristics in a privacy-protecting, repeatable, and secure way. The solution offers a modern approach to on-chain activities, streamlining user experiences and enhancing compliance for regulated service providers and their customers.
While digital asset transfers happen in real-time, regulatory compliance has remained slow and cumbersome. Proof changes this with the first trusted digital credential that enables instant ID and characteristic (e.g., sanctions screening) verification for on-chain participants, bringing compliance up to speed. Trusted digital credentials issued by Proof will enable blockchain-based open payment and transaction networks to scale while regulated participants meet their regulatory obligations.
“There is incredible innovation and potential in blockchain technology to transform finance, and digital credentials are a necessary component for these networks to support mainstream payments and other financial services,” said Proof CEO and Founder Pat Kinsel. “Financial institutions won’t fully embrace blockchain-based services until they can verify parties in a transaction and meet the same compliance standards they follow for traditional transactions. Proof’s identity platform bridges that gap and enables mainstream consumers and financial institutions to embrace digital assets confidently.”
Digital Credentials for Digital Asset Services
Proof is launching the industry’s first entity-level certification solution for US sanctions screening. This credential enables instant verification by banks, payment service providers, centralized cryptocurrency exchanges, hosted wallet services, and other financial institutions to verify the US sanctions status of counterparties and customers, allowing them to better integrate into the traditional banking and payments economy. Proof acts as a centralized certification authority, issuing cryptographically secure credentials that enable market participants to efficiently perform required diligence checks and compliance reviews as mandated by their regulatory obligations.
Lightspark leverages Proof
Lightspark, the fastest global open payment network built on Bitcoin, is one of the first companies to join Proof’s network, advancing its compliance capabilities and utilizing Proof’s Certify product to verify and secure transactions.
“Lightspark is building the future of global payments on Bitcoin — the world’s most open and secure money network,” said David Marcus, co-founder and CEO of Lightspark. “To bring Bitcoin into the regulated payments era, we need modern identity and trust layers. Proof’s digital credentials make it possible for senders and receivers to verify each other in real time — unlocking fast, compliant, and trusted payments on Bitcoin at scale.”
A Convenient Consumer Identity Network
Proof has already secured over $500 billion in traditional financial transactions across banking, real estate, and insurance. Leveraging the insights from this unique dataset, Proof can verify consumer identities for transactions with Proof’s Certify, a reusable digital identity product. Consumers can verify their identities once and then safely send or receive crypto knowing that they are transacting with the right person. By applying the same cryptographic verification principles that secure banking, real estate, retirement, and insurance transactions to digital assets, Proof is creating the trust infrastructure necessary for mainstream crypto adoption.
Comprehensive Travel Rule Compliance Solution
This consumer trust approach also streamlines regulatory compliance. Certify provides a seamless approach to sharing identity information, performing sanctions screening, and meeting regulatory obligations at the customer level. The platform integrates with existing financial reporting requirements known as Travel Rule mandates, enabling providers to efficiently perform KYC checks and securely share necessary information across payment rails. This capability bridges the gap between digital asset providers and traditional banks, enabling seamless integration while meeting all compliance expectations and accelerating stablecoin adoption.
About Proof
Proof is the trusted platform for securing the digital economy. As critical commerce shifts online, Proof empowers companies to verify who is behind every digital interaction. From pioneering remote online notarization to launching a comprehensive identity authorization network, Proof secures transactions with industry-leading compliance and fraud prevention. Trusted by 8,000 organizations across financial services, government, real estate, and healthcare, Proof is defining trust in digital transactions. For more information, visit www.proof.com.
About Lightspark
Lightspark is building open payments for the Internet—modern, always-on payment solutions powered by Bitcoin: the only open, neutral network for moving value. With enterprise tools like Connect, UMA, and Spark, businesses can send and receive money instantly, securely, and at a fraction of the cost, anytime, anywhere. Follow on X @lightspark