Inveo Kripto, Ichain Investment Holding and Moca Network signed an agreement for blockchain-based digital identity and payment systems in Turkey and abroad

Inveo Kripto, Ichain Investment Holding, and Moca Network have signed a memorandum of understanding aimed at developing blockchain-based financial services and digital identity solutions, targeting both the Turkish and international markets. The three parties announced that their collaboration will center on regulatory-compliant Web3 services, digital identity, payment systems, and blockchain infrastructure.

AIR Kit integration highlighted

As part of the agreement, Moca Network will integrate its AIR Kit solution into Inveo Kripto’s platform and other financial applications in Turkey, subject to local regulations. The AIR Kit platform enables users to utilize a single verified digital identity across multiple applications. It also supports reusable Know Your Customer (KYC) checks, loyalty programs, stablecoin payments, and a suite of digital identity services.

Glossary: Moca Network is recognized as a digital identity and interoperability network developed within the Animoca Brands ecosystem. KYC (Know Your Customer) refers to the legal verification process financial institutions use to confirm user identity.

The companies also plan to establish a joint committee to oversee project implementation. This committee is expected to focus on areas such as the tokenization of real-world assets, stablecoin payment systems, fiat on and off ramps, reusable KYC mechanisms, digital banking services, and blockchain tools for both businesses and retail users.

Regulatory compliance emphasized

Inveo Kripto is officially registered as an active crypto asset service provider in Turkey. Operating within a regulated financial ecosystem, the company’s activities encompass cryptocurrency trading, investment banking, portfolio management, brokerage, and venture capital. All parties underlined that every project developed through this partnership would comply with Turkish regulations and other legal obligations.

New trends in digital identity emerge

Digital identity has become a key area of focus for blockchain firms. As governments expand regulations covering crypto assets, exchanges and financial platforms must ensure robust user verification while also safeguarding personal data. Traditional identity checks often require users to repeat the same process across every platform, impacting the overall experience.

Initiatives like World, Polygon Labs, and Moca Network are working on systems that let users verify their identity once and use it seamlessly across multiple services. This approach aims to speed up onboarding and reduce redundant paperwork for users and platforms alike.

Companies expect lower costs and easier onboarding

For crypto companies, such solutions can help lower costs, streamline compliance efforts, and make regulated products easier to use. As countries roll out new rules for digital assets, digital identity is moving from an optional feature to a core component of blockchain services.

Additionally, Animoca Brands has invested in AllScale, a stablecoin payment infrastructure provider. The move is aimed at accelerating the adoption of stablecoins in global payments and supporting the growth of AI-powered commerce.

The post Inveo Kripto, Ichain Investment Holding and Moca Network signed an agreement for blockchain-based digital identity and payment systems in Turkey and abroad appeared first on COINTURK NEWS.