Albus Protocol provides a decentralized identity management platform that utilizes Zero-Knowledge Proofs (ZKP) to enable users to verify their identities while maintaining privacy and compliance with KYC, AML, and GDPR regulations. This solution allows businesses to securely manage user data without centralized storage, reducing risks and facilitating monetization opportunities through a revenue-sharing model.
Funding
Funding not disclosed
Founders
Product
Problem
DeFi platforms lack robust mechanisms to ensure compliance with regulations like KYC, AML, and GDPR, hindering institutional adoption and exposing users to risks. Current solutions often require centralized data storage, creating privacy concerns and potential vulnerabilities.
Solution
Albus Protocol provides a Compliance-as-a-Service (CaaS) solution for DeFi on public blockchains, enabling regulatory compliance while preserving user privacy. The protocol leverages Zero-Knowledge Proofs (ZKP) to verify transaction compliance with predefined requirements without revealing sensitive data. By combining the SSI model, ZK cryptography, and regulatory disclosure, Albus Protocol facilitates secure and compliant trading of tokenized real-world assets and other security tokens. This framework allows DeFi platforms to work with institutional clients and attract new capital while adhering to data retention regulations.
Target Audience
Albus Protocol targets DeFi platforms, protocols, and Web3 businesses seeking to comply with KYC/AML regulations, as well as institutional clients and traders of security tokens on public blockchains.
Features
- On-chain KYC and AML compliance infrastructure utilizing Zero-Knowledge Proofs
- Support for KYC, AML, GDPR, and CBDC regulations
- Compliance-as-a-Service (CaaS) solution for DeFi protocols
- Integration with Neon EVM to bridge Ethereum and Solana blockchains
- Compatibility with tokenized real-world asset (RWA) operations
- Support for Self-Sovereign Identity (SSI) model
- Data retention mechanisms to comply with regulatory requirements