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On-chain KYC for everyone

Parallel ID is an interoperable identity and accreditation verification token for DeFi and metaverse dApps

Mint your Parallel ID

Unlocking opportunities
across web3

Expand your product offerings across applications with interoperable KYC

Governance

DAOs and protocols can restrict membership, forum boards, voting and distributions to wallets with a valid KYC credential (PID Token).

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Sybil resistance

Airdrops and free NFTs are often vulnerable to attack via wallet spam. Protect your project and community members by requiring KYC credentials.

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NFT marketplaces

Marketplaces can restrict listing visibility, bids or offers to sellers and buyers holding a KYC credential (PID Token). Retail and institutional investors benefit from KYC/AML provenance.

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DEXs and lending

Using on-chain KYC gives DeFi projects confidence that no value is flowing to or from sanctioned parties. This opens the door for institutional investors to participate.

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Off-ramps

Off-ramps to centralized exchanges cannot consistently verify source of funds. With off-ramp support, CEX can require wallets have KYC credentials for sending funds to custodial wallets.

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KYC Eth

KYC Eth allows dApps and protocols to require KYC without recognizing KYC credentials themselves, affording KYC benefits permissionlessly.

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identity

Get to know your customers

Behind every PID Token is the robustness of bank-level KYC & AML.  We have spent years making these processes as efficient as possible to put you in control of your data.

accreditation

Accreditation that actually works

With on-chain accreditation verification, PID Token-holders can participate in investing DAOs, bringing compliance and peace of mind to on-chain transactions.

Sanctions

Ongoing sanctions monitoring

Parallel Markets monitors PID Token-holders for one year after minting and will actively update sanctions (and emit a special event on the blockchain) to alert if any sanctions matches are found.

identity

Get to know your customers

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accreditation

Accreditation that actually works

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Ecosystem Partners

Contact us below to learn more about on-chain KYC and the PID Token. If you’re already using our token, reach out to be listed here.

Your Identity, Secured

Audited by Solidity Finance, built by Parallel Markets. A Web3 Token with the same rigorous data protection standard as our Web2 API.

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