Shyft Network Partners with Polygon (Matic) to Build Opt-In Compliance Infrastructure | by Shyft Network | Mar, 2021

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Shyft Network

Bridgetown, Barbados — We are delighted to announce our partnership with Polygon (formerly known as Matic Network) to collaborate and build an enhanced regulatory-compliant infrastructure for Decentralized Finance (DeFi).

Shyft Network’s compatibility with the Ethereum Virtual Machine will enable Polygon to deploy an opt-in compliance infrastructure, such as whitelisted addresses and Anti-Money-Laundering (AML) and GDPR compliant systems, that help comply with AML regulation while protecting user’s personal identifiable information.

Developers will be able to integrate Shyft Network core contracts into their Dapps and enable Know-Your-Customer (KYC) & identity primitives, compliant asset pools, routed reputation and verification across Dapps, and comply with incoming Decentralized Finance, and custodial and non-custodial FATF global guidance requirements.

Furthermore, through this partnership, Shyft Network and Polygon, are working together to build the first opt-in compliant zkRollup protocol, enabling mass scaling for regulated networks and, more importantly, for large volume users that are under AML regulation.

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