According to Foresight News, Netki, an identity verification project, is set to launch on Sui. The project will introduce a tool called DeFi Sentinel for developers, which will automatically comply with protocols, allowing developers to focus on delivering impactful projects without having to consider complex regulations.
DeFi Sentinel will provide real-time KYC/AML, wallet screening, financial transaction monitoring, securities compliance, and tax compliance. It will be directly integrated into the DeFi protocols on Sui that choose to implement this tool.
In addition, Sui will integrate Netki's OnboardID, which will enhance the user onboarding and identity verification process for protocols that support this feature. This will reduce costs and simplify the compliance of the fund inflow process for Sui DeFi applications.
