KILT Expands Beyond Polkadot, Launches KILT Token on Ethereum

This pivotal development signifies KILT's expansion beyond the Polkadot ecosystem and opens the door to a new era of flexibility and exposure for KILT tokens.

Blockchain identity protocol KILT, designed for generating self-sovereign decentralized identifiers (DIDs) and Verifiable Credentials (VCs), announces the launch of the KILT token on the Ethereum network. This key development marks KILT's expansion beyond the Polkadot ecosystem, enabling greater flexibility and exposure for KILT tokens.

With KILT now available on Ethereum, it gains access to the largest decentralized finance (DeFi) ecosystem, enabling holders to utilize a wide range of DeFi products. The expansion aims to enhance KILT's visibility among developers and users for broader adoption within the crypto community.

“Our discussions with the community revealed a keen interest in expanding into other ecosystems,” said Ingo Rübe, Founder and CEO of KILT. “We are dedicated to making the KILT token available on a broader range of platforms, providing our users with greater flexibility and exciting new opportunities.”

Through Project Polar Path, built by the KILT Core Team, KILT token holders can now switch their assets to Ethereum. The development brings significant opportunities for both KILT and other Polkadot parachain projects, which can now use Polar Path to also make their tokens available on Ethereum. Thanks to Snowbridge's architecture, Project Polar Path ensures that every token switch remains secure and trustless, allowing users to switch assets between networks without compromising security. The initiative features a user-friendly interface developed by the Galani Projects team, which includes a new tab for the switch pair functionality within the Snowbridge application.

“Venturing into Ethereum is just the beginning of our vision for multi-chain integration,” said Rish Kumar, Head of Growth for KILT. “We are actively exploring additional blockchain networks to enhance our ecosystem and offer even more options for our community. We encourage everyone to join us on this journey and discover the potential of KILT!”

About KILT

KILT is an identity blockchain for generating decentralized identifiers (DIDs) and Verifiable Credentials, providing secure, practical identity solutions for enterprises, governments, and consumers. KILT brings the traditional process of trust in real-world credentials (passport, driver’s license) to the digital world, while keeping data private and in possession of its owner.