DeCryptoFi Launches First KYC & AML Compliant Blockchain Platform in Partnership with Tenica Global Solutions
Revolutionary Blockchain Platform Enables Compliance with Federal Regulations for Digital Assets
Decentralized Crypto Financial, Inc. (DeCryptoFi), in collaboration with Tenica Global Solutions (TENICA), has introduced a groundbreaking blockchain platform that is fully compliant with Know Your Customer (KYC) and Anti Money Laundering (AML) regulations set by the SEC and the Federal Government. This pioneering platform allows users to access a comprehensive range of decentralized financial services, including IPO/Debt Services and Smart Contracts, while ensuring compliance with federal laws and regulations. Founded by Nicholas Scherling, a Senior Technology Executive with over 20 years of experience in the Intelligence Community and Department of Defense, DeCryptoFi aims to revolutionize the management of traditional and digital assets by leveraging the power of blockchain technology.
Compliant Blockchain Technology for Enhanced Security
The proprietary software, built on the Ethereum blockchain, enables fully vetted participants to utilize embedded technology that is fully compliant with KYC and AML regulations. This ensures that users, as well as public and private entities, do not inadvertently or intentionally violate federal regulations and laws such as the USA PATRIOT Act, the Bank Secrecy Act, Counter Financing of Terrorism, Anti-Fraud and Financial Crimes, Office of Foreign Assets Control (OFAC), the Financial Crimes Enforcement Network, and the Fair and Accurate Credit Transactions Act of 2003, in their efforts to combat illegal money laundering.
Nicholas Scherling, CEO of DeCryptoFi, stated, “Our goal with DeCryptoFi is to leverage the power of blockchain to create an open architecture and more transparent financial system for the digital age that will ultimately revolutionize the creation and management of both traditional and digital assets. Based on our deep experience and relationships with government agencies through TENICA Global Solutions, we strongly believe that the path to achieving that goal is by facilitating these services in a way that is inherently compliant with current regulations. That’s what we’ve built with DeCryptoFi. We’ve made it easy for anyone to build compliant financial applications on our blockchain.”
Partnership with TENICA Global Solutions for Unmatched Expertise
The launch of the DeCryptoFi platform is a result of the collaboration between DeCryptoFi and TENICA Global Solutions, a renowned government contractor with annual revenues exceeding $50 million. Founded by Major General (ret.) Terry Scherling, TENICA has experienced substantial growth under the leadership of its current COO, Nicholas Scherling, who has helped transform the company into a high-end engineering powerhouse with a 450% increase in revenues over the past seven years.
DeCryptoFi and TENICA CTO, Dr. Wesley Kaplow, explained the origins of DeCryptoFi, stating, “DeCryptoFi was born from blockchain R&D at TENICA around strengthening data provenance for our national security offerings. Essentially, we needed to modify blockchain code to remove anonymity. We recognized the obvious applications of this technology in Finance because it solves the direct conflict current cryptocurrencies and blockchain platforms are facing around AML & KYC, especially pertaining to DeFi. With DeCryptoFi you get all the benefits of blockchain and a fully integrated Identity solution allowing your DeFi application or company security (Stock/Debt) to inherit compliance with federal laws and regulations.”
Phase 1 of the partnership will involve DCF contracting with TENICA to provide services for regulatory compliance and software development to streamline costs as DeCryptoFi expands its offerings with the goal of becoming cash flow positive by the end of 2024.
Revolutionizing Stock Issuance on Blockchain
DeCryptoFi’s innovative platform allows it to be the first stock (DCF) to be issued on blockchain while fully complying with SEC regulations, revolutionizing the way stock issuance is conducted in the digital age. Unlike other competitors who use security tokens to represent stock on closed platforms, DeCryptoFi’s approach integrates user identity and compliance with federal laws and regulations, providing a transparent and secure solution for stock issuance. With DeCryptoFi, investors can purchase Class A common stock directly on their website, gaining all the properties and benefits of a cryptocurrency while meeting regulatory requirements. This groundbreaking approach marks a significant step forward in the evolution of stock issuance on blockchain, setting a new standard for compliance and transparency in the digital asset space.
This blog post is intended to provide general information about investing in cryptocurrencies and is not intended to constitute financial advice. All investors should seek professional financial advice from a qualified financial advisor before making any investment decisions. Investing in cryptocurrencies is a high risk investment and should only be done after you have researched the topic yourself and understand the risks associated with investing in such assets.