Bluprynt, a leader in compliance automation and blockchain solutions, has introduced Know Your Issuer (KYI), a cryptographic verification solution designed to tackle the pervasive issue of counterfeit digital assets. By establishing a secure, transparent standard for verifying token issuers, KYI aims to protect markets from fraud and bolster trust in tokenized finance, addressing annual global losses exceeding $1.6 billion.
Bluprynt’s KYI verifies token issuers to prevent digital asset counterfeiting.
Integrates with Solana Attestation Service for seamless on-chain verification.
Successfully piloted with PYUSD, proving technical feasibility.
Reduces fraud risks, enhancing trust for DeFi and financial institutions.
Lightweight, decentralized, and easy to integrate into wallets and exchanges.
Aligns with emerging regulatory frameworks like the GENIUS Act.
The digital asset industry has long struggled with counterfeit tokens and impersonation attacks, which undermine market integrity and cause significant financial losses. KYI addresses this by linking cryptographic proofs to verified credentials, creating a tamper-resistant, auditable solution. Unlike traditional systems, KYI is crypto-native, lightweight, and designed for easy integration into wallets, exchanges, and token standards, ensuring scalability and transparency.
“Counterfeiting weakens the integrity of digital markets and hurts everyone involved—issuers, investors, and platforms alike, and impedes adoption of digital assets more generally,” said Chris Brummer, a Georgetown law professor and CEO of Bluprynt. “KYI provides a simple but powerful fix: cryptographic proof of who issued what, maintained through an open, verifiable standard built for the realities of on-chain finance. The benefits from DeFi to financial institutions using crypto assets are endless.”
Bluprynt has integrated KYI with the Solana Attestation Service (SAS), a blockchain-native infrastructure by the Solana Foundation that enables signed attestations for tokens and addresses. This integration allows issuers to publish KYI credentials on-chain, enabling wallets, explorers, and DeFi protocols to verify token authenticity with minimal friction. By embedding verification within the Solana ecosystem, KYI reduces spoofing risks and enhances trust across decentralized applications.
“Bluprynt’s KYI framework is a breakthrough for digital asset integrity—bringing cryptographic trust to token issuance and helping secure the foundation of the tokenized economy,” said J. Christopher Giancarlo, former CFTC Chairman and Paxos board director.
Bluprynt’s initial pilot with PayPal’s PYUSD stablecoin demonstrated KYI’s ability to secure proofs of authenticity for crypto assets. The pilot, conducted with leading digital asset institutions, validates KYI’s technical feasibility and its potential to set a new standard for issuer verification. Bluprynt is now engaging with regulators, central banks, and industry leaders to align KYI with global compliance frameworks, such as the U.S. GENIUS Act, which clarifies stablecoin regulations.
“Trust and transparency are essential for global adoption of digital assets,” said Nick Robnett, Head of Crypto Business. “Our participation in the KYI pilot reflects Paxos’s leadership in advancing responsible standards for the digital economy.”
KYI’s design supports both retail and institutional users, offering a scalable solution for the evolving digital asset economy. By providing verifiable proof of issuance, KYI enhances investor confidence and facilitates compliance without compromising the decentralized ethos of blockchain markets. Bluprynt invites issuers and institutions to join its initiative to standardize and expand trusted tokenization.
Bluprynt’s launch of KYI marks a pivotal step toward a more secure and transparent digital asset ecosystem, positioning it as a cornerstone for the future of tokenized finance.
Bluprynt is a leader in embedded compliance and blockchain solutions, specializing in tools that streamline regulatory processes and enhance transparency. The company leverages cutting-edge AI and blockchain technologies to enable issuers to meet the most demanding compliance requirements while supporting innovation in the financial sector.
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