Unizen Beefs Up Compliance in CeDeFi, Takes Aim At Institutional Space

Unizen is going to great lengths to reassure traders on its platform that it's one of the most secure and transparent around. Working with CA Crypto Advisory, it said today it intends to beef up compliance around AML and KYC within its smart exchange ecosystem.

The partnership was announced by Unizen's Head of Compliance Siegfried Herzog, who said he had been most impressed by the depth of CAAG's knowledge of crypto regulations and transaction monitoring. Most importantly, CAAG will give Herzog a helping hand as he plots a multi-jurisdictional compliance strategy that will allow Unizen to operate safely and transparently in multiple markets across the globe.

Herzog said CAAG has an approach to compliance that closely matches Unizen's own values. "They have a deep grasp of crypto compliance, transaction processes, safety, and transparency," he said, adding that he considers CAAG's experts to be the "best in the field".

Together, they will aim to create full compliance for Unizen while ensuring that the platform's open and decentralized nature is not compromised in any way.

Building full compliance is an important goal for Unizen that will help to make the idea of CeDeFi more attractive to institutional investors. Unizen has created a smart exchange platform that integrates multiple centralized exchange platforms with hundreds of decentralized finance applications, allowing users to access all of those services from one location. The advantages of this approach include minimizing slippage with faster transaction times, plus more comprehensive analytics capabilities that reduce risk for traders.

Working with CAAG, Unizen said it will be able to improve its capabilities around transaction monitoring, due diligence and regulatory reporting, something that should be music to the ears of the cautious investors it's trying to attract. The priority is to build a secure and compliant system that will enable everyone to transact in safety and with full transparency, Unizen added.