![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
Cryptocurrency News Articles
Forte Acquires Sealance Corp., Bolstering Its Web3 Compliance Infrastructure
Feb 28, 2025 at 11:35 am
Forte, a firm specializing in regulatory compliance for blockchain-based projects, has completed the acquisition of Sealance Corp., a company
Forte, a firm specializing in regulatory compliance for blockchain-based projects, has acquired Sealance Corp., a company recognized for its contributions to Web3 identity verification and privacy solutions.
What Happened: Forte announced the completion of the acquisition, highlighting the integration of Sealance’s advanced zero-knowledge (ZK) technology into its compliance infrastructure. Sealance is credited with developing the first ZK policy engine, a tool designed to ensure regulatory adherence within decentralized blockchain environments.
This integration aims to enhance Web3 compliance by facilitating privacy-centric know-your-customer (KYC) verification and enabling the secure management of on-chain identities for various blockchain applications, including real-world assets (RWAs), stablecoins, decentralized finance (DeFi), and institutional transactions, without compromising user privacy.
“We’ve created a framework where trust, compliance, and privacy can coexist in harmony,” said one of Sealance's co-founders. “Our company is spearheading innovation in tokenized identity and programmable compliance.”
“As we navigate the uncharted territory of decentralized technologies, a key challenge has been gaining confidence in these new paradigms,” he continued. “We are focused on enabling regulatory compliance through secure on-chain mechanisms while simultaneously safeguarding user privacy, which we believe is the future of digital identity and trust, both for users and regulators.”
Also Read: As Deep Fakes Flood Social Media, Trust Becomes A Key Issue For Web3
During a discussion with GamesBeat, Green explained that Sealance's compliance solutions operate independently of any specific blockchain. Utilizing ZK proofs, the system can verify identities, enforce policy compliance, and ensure transaction integrity without exposing sensitive user data.
The technology is designed to analyze transactions, identities, and risk indicators in a privacy-preserving manner, revealing only the information necessary as per predefined policies. These policies remain publicly accessible and verifiable, ensuring transparency.
With Sealance's identity verification technology, users can obtain credentials that enable them to interact across multiple platforms without repeatedly disclosing their personal details. The integration of this system with Forte's comprehensive Web3 compliance solutions is expected to enhance its existing Rules Engine, KYC capabilities, and crypto-fiat transaction infrastructure.
"We are thrilled to welcome the brilliant team at Sealance to Forte," said Jeremy Ann, chief executive officer at Forte. "Their expertise in cryptography and information security is unmatched."
"Sealance's technology is a major breakthrough in achieving higher standards of privacy and compliance for decentralized transactions," Ann added.
Ann transitioned into the leadership role following a strategic decision to expand beyond gaming and reinforce the company's strengths in regulatory compliance. The previous co-founder assumed a broader ecosystem role in late 2024 to align with the firm's evolving vision. According to a company spokesperson, this leadership shift reflects Forte's focus on fintech and financial services.
Forte, previously known for its gaming industry focus, initially secured $725 million in funding amid widespread enthusiasm for blockchain innovation. However, the company has faced scrutiny over its opaque business practices.
Reports have surfaced regarding unannounced acquisitions, including the purchase of Phoenix Labs, which later experienced unexpected layoffs. Additionally, Forte quietly acquired Rumble Games, further raising questions about its operational transparency.
In its latest statement, Forte highlighted its efforts to create secure blockchain environments through its Rules Engine. This solution enables developers to establish safe on-chain ecosystems, regulate digital asset economies, and mitigate risks such as market volatility and malicious activity.
The Rules Engine supports all Ethereum Virtual Machine (EVM)-compatible blockchains and Web3 wallets, equipping developers with the necessary tools to build secure, sustainable digital economies that foster community trust.
The Forte Rules Engine is now available for developers, who can learn more about the ZK integration by visiting: forte.io/developers/zk.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
-
-
-
-
-
-
-
- Saudi Arabia Launches New Web3 Alliance to Boost Digitization Efforts
- Feb 28, 2025 at 04:25 pm
- Saudi Arabia has launched a new Web3 alliance designed to improve the pace of digitization in the Gulf nation, drawing participants from a pool of global and local ecosystem players with streaks of government support.
-