The newly formed GSX Identity will provide decentralised identity and compliance infrastructure, creating an institutional-grade identity.
Digital finance platform GSH has announced the acquisition of verification platform InvestReady and Accreditoken to form GSX Identity, a decentralised identity and credential platform designed for regulated digital asset settlement.
Also known as GSX ID, GSX Identity will integrate the functions of the acquired platforms to create an institutional-grade identity layer for banks, governments, blockchains, and other regulated institutions. The platform will also serve as the identity framework for the Global Settlement blockchain, enabling participants to verify and transact across compliant financial networks.
In addition, GSX Identity will also contain regulatory features like reusable credentials, policy enforcement across transaction lifecycles, and enterprise governance tools. It will fully support compliant transactions across government-issued central bank digital currencies, commodities settlements, and cross-border payments.
“Too much of the blockchain industry assumed compliance could be bolted on later,” said Ryan Kirkley, CEO of Global Settlement Holdings. “The result has been networks regulators don’t trust [compliance efforts]. GSX Identity is being built as the trust layer for the next generation of compliant financial infrastructure.”
Ryan Kirkley will serve as Chairman of GSX Identity, guiding the integration into Global Settlement’s broader institutional settlement infrastructure. Concurrently, Adrian E. Alvarez, Esq., CEO of InvestReady, will become CEO of GSX Identity and lead product development and institutional partnerships.
“GSX ID expands that foundation into a broader identity platform where credentials can be issued, governed, and reused across multiple institutions,” added Alvarez.
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