Identity Gateways for Tokenized Asset Networks

Abstract

In order for tokenized asset networks to be accountable as Web3 marketplaces for token-related transactions, identity verification must be conducted by gateways into those token networks. This includes the identity validation and legal status verification of the originators and beneficiaries, the gateway owners/operators, and other relevant service providers. The classic identity provider model could be enhanced to support anti-money laundering regulations, notably the Travel Rule. A privacy-preserving IdP model in combination with a legal service provider is explored where the IdP becomes the issuer of a blinded attestation regarding the user attribute, and where the legal representative with attorney-client privilege becomes the first point of contact for requests for the disclosure of the blinded attestations.