Web3 compliance platform NexeraID has announced a partnership with RWA (real-world asset) tokenization project Galileo Protocol. The partnership will allow Galileo Protocol to achieve compliance with MiCA regulatory standards as the protocol prepares to launch their new marketplace.
A safe marketplace with streamlined onboarding
NexeraID offers an all-in-one compliance solution which will allow Galileo Protocol’s innovative RWA marketplace to onboard new users seamlessly while ensuring compliance with regulations. Here is how NexeraID’s platform is bringing the Galileo Protocol marketplace to the next level:
- Simple integration: NexeraID offers “low code” integration, which made it possible for the Galileo Protocol team to integrate NexeraID’s solutions with their marketplace quickly and without significant disruptions.
- Customizable compliance: NexeraID’s flexibility allows projects to adjust their parameters and rules according to the regulatory environment they operate in. In the case of Galileo Protocol, the project had to ensure that the platform complied with MiCA regulations and that registrations were only open to users from the European Union.
- UX improvements: NexeraID’s widget made it possible to quickly onboard hundreds of users before the marketplace officially launched.
NexeraID and Galileo Protocol team up to promote safety and compliance in Web3 innovation
This collaboration highlights both companies’ dedication to fostering secure innovations and growth within the Web3 ecosystem. The partnership between NexeraID and Galileo Protocol bolsters NexeraID’s reputation as a reliable compliance solution for Web3 enterprises, setting the stage for a more secure and regulated future for RWAs.
About Galileo Protocol
Galileo Protocol is an innovative tokenization platform that allows luxury goods and other types of real-world assets to be tokenized and traded digitally. By harnessing Galileo Protocol’s tokenization platform, luxury brands can enhance their asset management, create unique customer experiences, and discover new revenue streams.
About NexeraID
NexeraID is a compliance platform that helps customers implement AML (anti money laundering) and KYC (know your customer) processes to ensure they stay compliant. NexeraID uses both traditional and web3 technologies to ensure privacy, integrity and security and enable a compliant environment for businesses in the digital economy.
