Violet provides blockchain-native compliance infrastructure for decentralized applications. Their platform offers privacy-preserving solutions for anti-money laundering, geo-blocking, and Sybil resistance through reusable on-chain signals. This infrastructure allows protocols to enforce regulatory requirements while protecting user Personally Identifiable Information.
Funding
$18.5M 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) applications lack robust compliance mechanisms for anti-money laundering (AML), geo-blocking, and sybil resistance, hindering institutional adoption and exposing platforms to regulatory risks. Existing solutions often compromise user privacy by requiring extensive personal data collection and storage on-chain.
Solution
Violet provides a blockchain-native compliance infrastructure that enables privacy-preserving, on-chain compliance for DeFi applications. The core of the system is VioletID, a proof of unique personhood bound to a real human identity, which generates a binary compliance signal without exposing sensitive personal information on-chain. This allows dApps to enforce AML regulations, restrict access based on geographic location, and prevent sybil attacks by ensuring each user represents a unique individual. Violet integrates with best-in-class KYC/B, sanction screening, and transaction monitoring partners to offer a comprehensive compliance solution.
Target Audience
The primary target audience includes DeFi application developers and decentralized exchanges seeking to implement robust, privacy-preserving compliance measures to meet regulatory requirements and attract institutional investors.
Features
- VioletID: Proof of unique personhood bound to a unique and real human identity
- Full AML: Integration with KYC/B, sanction screening, transaction monitoring, and accredited investor checks
- GeoFencing: Restriction of on-chain access to specific smart contracts and functions based on geographic location
- Sybil Resistance: Prevention of sybil attacks by ensuring unique human identities
- Privacy-protective design: Off-chain storage of PII in encrypted storage, with only a binary compliance signal shared on-chain
- Simple integration: Compliance enforcement with a single line of code