According to Foresight News, Sui recently announced that the identity verification project Netki will be launched on Sui. Netki will launch the DeFi Sentinel tool for developers, which can automatically comply with the agreement, allowing developers to focus on delivering projects with great impact without spending time considering complex regulations. DeFi Sentinel provides real-time KYC/AML, wallet screening, financial transaction monitoring, securities compliance and tax compliance, and will be directly integrated into DeFi protocols on Sui that choose to implement the tool.
Sui will also integrate Netki’s OnboardID, which will enhance the user onboarding and identity verification process for protocols that support this feature, reduce costs and simplify compliance for Sui DeFi application deposit processes.