Vixichain provides a blockchain platform that enables traditional financial institutions to engage with the web3 economy while ensuring compliance with regulatory standards through built-in KYC/AML protocols. This solution addresses the liquidity gap in the market, allowing banks to safely offer services to digital asset holders and streamline cross-border transactions.
Funding
$7M 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
Traditional financial institutions face regulatory and technological barriers when trying to engage with the Web3 economy. This prevents them from offering services to digital asset holders and streamlining cross-border transactions, resulting in a significant liquidity gap.
Solution
Vixichain offers a blockchain platform that enables traditional financial institutions to participate in the Web3 economy while adhering to regulatory standards. The platform incorporates built-in KYC/AML protocols and a semi-transparent blockchain using Zero-Knowledge Proofs (ZK proofs) to ensure compliance and user privacy. Vixichain facilitates secure and efficient transactions through a network of financial institutions acting as validators. The platform also supports NFT stablecoins backed by fiat currency reserves and a suite of decentralized financial (DeFi) applications.
Target Audience
Vixichain targets regulated banks and financial institutions seeking to bridge the gap between traditional finance and the Web3 economy, as well as digital asset holders seeking secure and compliant financial services.
Features
- Built-in KYC/AML protocols within smart contracts for regulatory compliance
- Semi-transparent blockchain using Zero-Knowledge Proofs (ZK proofs) for enhanced privacy
- NFT stablecoins backed by fiat currency reserves for price stability and AML compliance
- Integration with traditional financial institutions as network validators
- Suite of on-chain DeFi applications to increase capital efficiency
- VIXC token for transaction fees and network incentives with a deflationary mechanism
- Smart Trust Protocol (STP) for user wallet scoring based on transaction history