PureFi provides blockchain-based compliance solutions for decentralized finance, offering tools such as AML Risk Scores and On-Chain KYC to help businesses meet regulatory requirements and mitigate money laundering risks. By integrating these compliance measures, PureFi enables users to verify wallet transactions and ensure adherence to sanctions lists, facilitating the onboarding of institutional capital into DeFi.
Funding
$6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Decentralized Finance (DeFi) platforms face challenges in complying with Anti-Money Laundering (AML) regulations and Know Your Customer (KYC) requirements, hindering the onboarding of institutional capital and increasing the risk of illicit activities. Current compliance solutions often compromise user experience and decentralization principles.
Solution
PureFi offers a suite of on-chain compliance tools designed to bridge the gap between traditional finance (TradFi) and DeFi, enabling businesses to meet regulatory requirements while preserving decentralization and user anonymity. The platform provides AML risk scoring, on-chain KYC solutions, and sanctions list checks to verify wallet transactions and prevent illicit fund flows within dApps. By integrating these tools, PureFi facilitates the secure and compliant onboarding of institutional investors into the DeFi space, fostering a safer and more trustworthy ecosystem.
Target Audience
PureFi primarily targets DeFi platforms, dApp developers, and financial institutions seeking to comply with AML/KYC regulations and onboard institutional capital into the DeFi ecosystem.
Features
- **AML Risk Score:** Assesses the risk profile of user wallets to prevent money laundering activities within dApps.
- **On-Chain KYC:** Provides a reusable KYC module that integrates directly into dApps, streamlining user verification while adhering to regulatory standards.
- **Sanctions List Check:** Verifies whether specific wallet addresses are included in economic or trade sanctions lists.
- **Web 3.0 JS SDK:** Offers a JavaScript plugin for Web3 websites, simplifying the integration of compliance tools.
- **KYC Widget:** A customizable KYC widget compatible with any frontend framework, allowing dApp developers to implement built-in KYC flows.
- **Solidity SDK:** A lighter, faster, and more reliable Solidity SDK based on a modern architecture to improve performance and scalability.
- **Uniswap V4 Hook:** Contracts, including Uniswap V4 hook implementation, that allows using PureFi for enabling compliance procedures with Uniswap V4 protocol.
- **Trailing Cumulative Limits:** Tracks and stores token transfer information for smart contracts subscribed to PureFi service, which allows calculating and using cumulative token transfer data for compliance procedures under type 2 PureFi rules.