It is a pleasure to announce that we have partnered with Civic Technologies, one of the leading providers of Web3 identity management solutions.
This collaboration empowers fund managers and startup founders on our platform to introduce robust identity verification requirements for prospective members of their investment syndicates, VC funds, or fundraisers. By leveraging Civic’s cutting-edge technology, Unique.vc enhances trust and transparency and enables its users to verify the profiles of potential co-investors or fundraisers.
Flexible Identity Verification Options
Thanks to integration with Civic Pass Platform, Unique.vc users now have a range of options for accepting new members, tailoring the onboarding process to meet their specific needs and requirements. These options include implementing basic verification, accepting only members from the United States, restricting access for individuals from the United States, or opting for no identity verification requirements at all.
This flexibility allows Unique.vc users to strike the right balance between security and convenience, while accommodating the unique demands of their investment deals.
Ensuring Platform Security
Unique.vc users* who set onboarding restrictions for their investment syndicates, VC funds, or fundraisers will have to undergo identity verification themselves. This added layer of security not only safeguards the platform but also helps users to stay compliant with various regulatory requirements.
By aligning with Civic as an access management solution, Unique.vc underscores its dedication to providing a decentralized application that gives users complete control over their assets and governance through blockchain technology.
Importantly, Unique.vc does not store any data about verified users; instead, users are redirected to Civic’s registration and verification platform, where the necessary information about members is securely collected.**
Further Reading
Monthly Report: Unique.vc Progress May 2023
Empowering Trust through Civic’s Technology
Unique.vc’s decision to integrate Civic’s identity management solution is driven by Civic’s advanced technology and its wallet-agnostic, multichain identity and access management platform known as Civic Pass. Civic’s proprietary technology enables the validation of identity documents, locations, and humanness on-chain, enhancing the integrity of the verification process. Through Civic Pass, Unique.vc users can establish custom requirements for identity and access management, tailored to their specific needs.
The Civic Pass serves as a non-transferable access token that grants users access to a dApp’s protocol or services. With Civic Pass available on prominent blockchain networks such as Solana, Ethereum, Polygon, Arbitrum, and XDC, Unique.vc leverages Civic’s enterprise-grade technology to ensure permissionless trust within the platform.
Civic performs the verification, issuance, and lifecycle management of the user’s Civic Pass on behalf of Unique.vc, allowing investors and founders to focus on their core activities without compromising on security.
The integration of Civic’s identity management solution represents a significant milestone for our platform. By enabling identity verification, we’ve established a trusted framework for fund managers and startup founders to ensure the integrity and reliability of their investment syndicates, VC funds, and fundraisers.
* Only the investors on the Unique.vc platform are granted access through the Identity Verification Services (IDV) on the Civic Pass Platform. Civic does not provide IDV Services to founders or projects and therefore information or access regarding founders or their projects is not validated by the Civic Pass Platform.
** Civic provides IDV services based on the information provided by investors. Civic does not provide Know Your Customer (KYC) services or Anti Money Laundering (AML) audit services. Civic assumes no responsibility, and does not guarantee that the use of IDV services will satisfy any compliance requirements, including KYC and AML obligations, if any. Please see our Terms of Service and Privacy Policy for more details.
