# 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 currency. 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 USP underscores the need for adherence to existing financial regulations. Piku works with Shufti as its KYC/KYB verification provider to ensure secure, compliant, and industry-standard identity verification.

The Piku platform mandates that all users wishing to mint or redeem USP to complete KYC (Know Your Customer) and KYB (Know Your Business) verifications. To facilitate this requirement, PikuDAO will collaborate with leading industry solution providers.

The Piku Platform will whitelist wallet addresses that have successfully completed the KYC/KYB process. Only KYC'd users will be able to mint and redeem USP from Piku's platform.  

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