🌐KYC/KYB Verifications

The Piku team recognizes the importance of bridging decentralized finance (DeFi) with traditional finance (TradFi) to realize the vision of creating the optimal store of value and the currency of the future. To achieve this, an integrated model that encompasses both DeFi and TradFi elements is essential. Our commitment to incorporating Real World Assets (RWAs) into the backing of Piku underscores the need for adherence to existing financial regulations.

Consequently, the Piku platform mandates that all users wishing to engage in minting or redemption processes to undergo KYC (Know Your Customer) and KYB (Know Your Business) verification. To facilitate this requirement, PikuDAO will collaborate with leading industry solution providers to carry out these verifications efficiently and securely.

The Piku Platform will whitelist wallet addresses that have successfully completed the KYC/KYB process. Only whitelisted wallets will be able to mint and redeem Piku tokens. This approach ensures compliance with regulatory standards while maintaining user privacy and security within the Piku ecosystem.