Next steps: GFIN Cross-border testing pilot

Firm

Proposed test

Current regulators involved*

Alphapoint

Software company offering products built on
public and private blockchains that support the
requirements for issuance, custody and trading of
digital assets with liquidity across multiple
exchanges

Bermuda Monetary
Authority (BMA), Bank
of Lithuania (LB)

Ascent RegTech

AI-driven RegTech solution that automatically
maps a customer's specific regulatory obligations
and ongoing rule changes, while also enabling
end-to-end compliance management. The product
helps firms see similarities and differences in
regulatory obligations across regulators and
countries

Australian Securities &
Investments Commission
(ASIC), Autorité des
marchés financiers (AMF
Québec), Dubai Financial
Services Authority
(DFSA), Financial
Conduct Authority
(FCA), Hong Kong
Monetary Authority
(HKMA), Ontario
Securities Commission
(OSC)

ATLANT

Digital securities platform offering primary
issuance of digital shares & debentures,
secondary trading and optimized post-trade, with
automatic clearing, settlement and custody

Central Bank of Bahrain
(CBB), Monetary
Authority of Singapore
(MAS), Jersey Financial
Services Commission
(JFSC), LB

Coinvestion

Platform that uses blockchain to allow users to
invest in shares backed by real estate investments

British Columbia
Securities Commission
(BCSC), BMA, JFSC,
LB, MAS

DACX

Platform that uses DLT and machine learning to
facilitate cross-border transactions of multi-
currency payments, assets and commodities via
tokenisation, smart contracts and escrows.'

Astana Financial Services
Authority (AFSA), plus
others to be confirmed

Onfido

A technology provider that has developed a
proposition to allow consumers to securely
control their verified identity Digital ID and
share/transfer that verified identity across
financial services organisations for the purposes
of KYC checks

HKMA, FCA, LB, OSC

Starling Trust

Applied behavioural sciences technology
company that has developed a Predictive
Behavioural Analytics platform using machine
learning and electronic communications data to
allow users to measure, manage and mitigate
culture and conduct risks. They will be partnering
with a select group of global banks, with an initial
focus on the three lines of defense risk
framework

ASIC, DFSA, FCA,
HKMA

Tradle

A blockchain-based KYC and onboarding
platform that uses AI, IoT and cloud to help
financial institutions meet regulatory obligations
for SMEs, Corporates, Capital markets, Wealth
Management, Retail and Unbanked customers
and helps regulators provide guidance and
supervision for their markets. They will work
with GFIN on self-executing cross-border KYC
policies

Abu Dhabi Global Market
(ADGM) and FCA