Proof Launches Digital Credential Solution to Power Modern Compliance for Digital Asset Services

Proof, a trusted platform for securing the digital economy, has announced digital credential solutions designed to enable digital asset wallets, service providers, and users to prove their identity and KYC (Know Your Customer) characteristics in a privacy-protecting, repeatable, and secure manner. This solution modernizes on-chain activities, streamlining user experiences and enhancing compliance for regulated service providers and their customers.

While digital asset transfers occur in real-time, regulatory compliance processes have traditionally been slow and cumbersome. Proof addresses this gap by introducing the first trusted digital credential that allows instant ID and characteristic verification (such as sanctions screening) for on-chain participants. This advancement brings compliance up to speed with transaction speeds, enabling blockchain-based open payment and transaction networks to scale while ensuring regulated participants meet their obligations.

Pat Kinsel, CEO and Founder of Proof, stated: "There is incredible innovation and potential in blockchain technology to transform finance, and digital credentials are a necessary component for these networks to support mainstream payments and other financial services. Financial institutions won’t fully embrace blockchain-based services until they can verify parties in a transaction and meet the same compliance standards they follow for traditional transactions. Proof’s identity platform bridges that gap and enables mainstream consumers and financial institutions to embrace digital assets confidently."

Digital Credentials for Digital Asset Services

Proof is launching the industry’s first entity-level certification solution for US sanctions screening. This credential enables instant verification by banks, payment service providers, centralized cryptocurrency exchanges, hosted wallet services, and other financial institutions to verify the US sanctions status of counterparties and customers. This allows for better integration into the traditional banking and payments economy. Proof acts as a centralized certification authority, issuing cryptographically secure credentials that enable market participants to efficiently perform required diligence checks and compliance reviews as mandated by regulatory obligations.

Lightspark Leverages Proof

Lightspark, a global open payment network built on Bitcoin, is among the first companies to join Proof’s network. By utilizing Proof’s Certify product, Lightspark advances its compliance capabilities to verify and secure transactions.

David Marcus, co-founder and CEO of Lightspark, commented: "To bring Bitcoin into the regulated payments era, we need modern identity and trust layers. Proof’s digital credentials make it possible for senders and receivers to verify each other in real time — unlocking fast, compliant, and trusted payments on Bitcoin at scale."

A Convenient Consumer Identity Network

Proof has already secured over $500 billion in traditional financial transactions across banking, real estate, and insurance. Leveraging insights from this dataset, Proof can verify consumer identities for transactions using Certify, a reusable digital identity product. Consumers can verify their identities once and then safely send or receive crypto, knowing they are transacting with the correct person. By applying cryptographic verification principles from traditional finance to digital assets, Proof is building the trust infrastructure necessary for mainstream crypto adoption.

Comprehensive Travel Rule Compliance Solution

This approach to consumer trust also streamlines regulatory compliance. Certify provides a seamless method for sharing identity information, performing sanctions screening, and meeting regulatory obligations at the customer level. The platform integrates with existing financial reporting requirements, such as Travel Rule mandates, enabling providers to efficiently perform KYC checks and securely share necessary information across payment rails. This bridges the gap between digital asset providers and traditional banks, enabling seamless integration while meeting compliance expectations and accelerating stablecoin adoption.

About Proof

Proof is a trusted platform for securing the digital economy. As commerce shifts online, Proof empowers companies to verify who is behind every digital interaction. From pioneering remote online notarization to launching a comprehensive identity authorization network, Proof secures transactions with industry-leading compliance and fraud prevention. Trusted by 8,000 organizations across financial services, government, real estate, and healthcare, Proof is defining trust in digital transactions. For more information, visit www.proof.com.

About Lightspark

Lightspark is building open payments for the Internet—modern, always-on payment solutions powered by Bitcoin, the only open, neutral network for moving value. With enterprise tools like Connect, UMA, and Spark, businesses can send and receive money instantly, securely, and at a fraction of the cost, anytime, anywhere.