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Who is behind ONCHAINID?

A team of developers and entrepreneurs started the ONCHAINID project in 2017. It was initially named InvestorID and was launched officially in 2019 for security tokens (more info here)

Based on Ethereum standards (Solidity):

ONCHAINID is built on top of several standards, mainly ERC725 (now ERC734), and ERC735. They were published by Fabian Vogelsteller in October 2017.

In 2018,, the leading tokenization platform for compliant digital assets, started to work on the compliance validator for security tokens. The onchain control of identities was developed and became an important part of the T-REX protocol (now published as the ERC3643). Today, Tokeny is an established company and ONCHAINID is already used by all Tokeny's customers (asset managers, funds servicers, investment banks, etc.) and thousands of their investors.

Tokeny allows financial actors operating in private markets to compliantly issue, transfer and manage securities using distributed ledger technology, enabling them to improve asset liquidity. The Luxembourg-based company is the leader in securities tokenization and in 2020 was named one of the top 50 companies in the blockchain space by CB Insights. They are backed by Euronext N.V., the pan-european stock exchange group.

Since 2018, Tokeny has been developing ONCHAINID (protocol and softwares) as the needed compliance component of the T-REX protocol for security tokens. Most of the developments were financed thanks to a fundraising of 5 millions euros entirely subscribed by Euronext in July 2019. Tokeny is also a member of the ERC725 Alliance.

InTech is a Technology and Information Systems Consulting company founded in 1995 and becoming a subsidiary of the POST Luxembourg group in 2015 (government owned). The company employs more than 120 collaborators specialized in the design and the realization of specific IT solutions built from reusable software components. Combining the synergy between knowledge of a business and mastery of technology, InTech supports its clients in their digital transformation and the evolution of their information system.

For several years, InTech has been offering its blockchain expertise to financial and government players in and around Luxembourg. Many projects have already emerged and are in development, such as EDDITS, aimed at connecting blockchain identities with the European standard eIDAS via LuxTrust. InTech is also heavily involved in government blockchain projects and projects relating to the investment fund industry. They also joined the ERC725 Alliance in 2018.

Updated on: 09/08/2021

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