ICO Accelerator Iconiq Lab and Blockchain Regtech Leader Coinfirm Partner to Provide AML Compliance to ICOs

FRANKFURT, Germany, March 27, 2018 (Newswire.com) - Iconiq Lab, a global initial coin offering (ICO) and token launch accelerator program, announces its partnership with Coinfirm, a leading player in blockchain AML & compliance services. Coinfirm will conduct anti-money laundering checks on behalf of all ICOs coming out of Iconiq Lab.

With regulators across the world taking more of an interest in ICOs today, uncertainty around crypto investments are continually rising – making KYC and AML procedures more vital than ever. Through the collaboration with Coinfirm, laying down strong KYC and AML guidelines and implementing the Coinfirm AML/KYC Platform, Iconiq Lab and its portfolio of startups provide quality assurance to investors and remains regulatory compliant. The core team of Iconiq Lab sees protecting the interests of its community and investors as paramount, enabling Iconiq Lab and its startups to access major banking financial institutions for crypto to fiat conversions.

Coinfirm provides an industry-leading KYC/AML solution for companies issuing their own ICO. Regulatory compliance is vital to our quality assurance value proposition for the crypto markets, and we are excited to further deliver on these assurances with our partnership with Coinfirm.

Patrick Lowry, CEO, Iconiq Lab

Coinfirm’s regulatory technology helps streamline and automate compliance processes for blockchain- based transactions and aims to be the global standard for Anti-Money-Laundering (AML) risk management, and Know-Your-Customer (KYC) regulation on cryptocurrency, enabling a high level of transparency for the blockchain ecosystem.

According to Pawel Kuskowski, Co-Founder and CEO of Coinfirm, “The integration of Coinfirm into Iconiq Lab is a positive development in order to deliver a secure and efficient way for mainstream contributors to participate in ICOs.”

“Coinfirm provides an industry-leading KYC/AML solution for companies issuing their own ICO,” said Patrick Lowry, CEO of Iconiq Lab. “Regulatory compliance is vital to our quality assurance value proposition for the crypto markets, and we are excited to further deliver on these assurances with our partnership with Coinfirm.”

Iconiq Lab’s mission is to allow for the flow of entrepreneurial creativity through using tokens as financing instruments for the worthiest startups. The strategic partnership with Coinfirm will provide crypto investors and Token Sales the framework to ensure AML/KYC regulatory compliance.

About Iconiq Lab:

Iconiq Lab is an ICO and token sale accelerator program for crypto, blockchain or tokenizable startups, providing seed funding and ICO-related expense coverage to selected startups. Iconiq Lab and its partners provide expert services and digital learning modules on topics such as “how to tokenize”, ICO legal and jurisdictional issues, best-practices in marketing in the crypto economy, and connections to top crypto investors. This provides startups accepted to the program the best opportunity to secure funding through their own token sale, and token market participants a dealflow of expertly-screened and developed startups they can participate in the token sale of. The goal is to provide the crypto economy investable real-world business solutions supported by token instruments to promote the long-term sustainability of the crypto markets.

The innovative accelerator program drives adoption and growth of new tokenized business models, enabling founders to secure funding to scale their ventures, and global investors to participate in the financing of the most promising crypto, blockchain or tokenizable startups.

Launched in the spring of 2017, Iconiq Lab has built a team of experienced VCs, investment managers, blockchain, crypto and venture marketing experts. The team has arranged strategic partnerships with key players in both the traditional venturing ecosystem and the crypto economy. Iconiq Lab has sourced and performed due diligence on over 165 startup applicants to date, and formally launched the accelerator program 5 startup participants this past February.

Iconiq recently completed a successful private presale of 1 million USD in a round led by TAAS. Iconiq Lab’s own club membership token, ICNQ, is planned to go on presale this March 31st at 15:00 CET followed by the main tokensale on April 15th 15:00 CET.

About Coinfirm

Coinfirm serves as a foundation for the safe adoption and use of blockchain. A recognized leader in their field and among the most influential blockchain and regtech companies, the blockchain agnostic Coinfirm AML/CTF Platform uses proprietary algorithms and big data analysis to provide structured, actionable data that increases efficiency, reduces costs and streamlines compliance to near automation. In addition, Coinfirm develops dedicated blockchain solutions such as their data provenance platform Trudatum, currently being piloted for adoption by multiple financial institutions. Coinfirm has also recently released their AMLT Token to allow for market participants to help rate others and democratize the financial system.

Source: Iconiq Lab