While promoting technological innovation, Bitlayer has always regarded compliance as one of its core strategies, providing a safe and compliant path for traditional financial institutions to enter BTCFi through communication with global regulatory agencies and the establishment of a compliance framework, addressing the industry's core pain point of 'lack of compliance'.
Its compliance work mainly revolves around three points: first, qualification application, having completed MSB (Money Services Business), VASP (Virtual Asset Service Provider) and other qualification filings in major markets such as Singapore and the United States, meeting local regulatory requirements for virtual asset services; second, building a KYC/AML system, collaborating with compliance technology service providers such as Chainalysis and Elliptic to achieve real-time monitoring of cross-chain transactions and asset flows, preventing risks such as money laundering and terrorism financing; third, establishing an investor protection mechanism, setting up a third-party audit system for asset custody, regularly disclosing YBTC reserves and financial data, and accepting supervision from regulatory agencies and the public.
Currently, Bitlayer has reached a cooperation agreement with the digital asset department of Franklin Templeton to jointly explore the compliant issuance of BTCFi products. The first phase will launch a BTC staking yield product aimed at institutional clients, which will strictly follow the regulatory requirements of the SEC (U.S. Securities and Exchange Commission) to provide a compliant path for traditional funds to enter.
