Zug, 28 March, 2023 – Bitcoin Suisse today announced the support of KILT as part of their offering for their institutional investor base. The technology pioneer and enabler of the Swiss crypto ecosystem is the first custodial crypto-financial services provider worldwide to allow institutional users secure access to the KILT blockchain. Geared towards organizations, external asset managers, family offices, and (U)HNW individuals, the offering includes custody and brokerage of KILT, as well as governance voting.
KILT is a blockchain identity protocol for generating self-sovereign, decentralized identifiers (DIDs) and verifiable credentials. Powered by KILT, its native token, the network offers secure, practical identity solutions for enterprise and consumers as a fundamental layer for Web3.
In 2018, KILT Protocol was one of the first projects to build on Substrate, a modular blockchain system offering seamless integration with Polkadot. In September 2021, KILT launched as a Kusama parachain. Following the original tokenomics framework of “one chain, one coin”, KILT became the first blockchain in the ecosystem to move in its entirety from Kusama to Polkadot in October 2022, in order to leverage the stability and bank-level security required by enterprise customers.
KILT Protocol allows anyone – enterprises, governments, startups – to build trusted digital identity solutions. A DID or unique digital fingerprint is the starting point, forming the core of identity and remaining fully in the user’s control.
Dr. Dirk Klee, CEO of Bitcoin Suisse, said: “Identity is a critical layer for Web3, and KILT Protocol is leading the way to widespread adoption of Web3 and decentralized technologies. Consumers are increasingly demanding more autonomy and control of their data across all facets of their digital lives. With the addition of KILT to our Vault, our institutional clientele now has access to an identity token with exciting use cases across financial services and KYC, media, gaming, music, NFTs and IoT.”
Learn more about KILT’s identity solutions in a dedicated article of our Fundamentals series here.
