Sequoia-backed EthSign entered a Memorandum of Understanding (“MOU”) with DigiFT Holdings Co. Ltd (“DigiFT”) on 20th July 2022 to develop signature service solutions for regulated decentralized finance.
EthSign, founded in 2019 by Potter Li, Xin Yan, and Jack Xu, offers an e-signing platform that utilizes blockchain technology to facilitate a decentralized, customizable, and transparent version of the traditional signature service. The platform aims to tackle data security issues caused by an over-reliance on centralized providers and re-establish trust in electronic signature services. With its Web 3.0 technology (smart contract platform, decentralized identity, and decentralized storage networks), EthSign enables users to comment, edit, and access electronic agreements securely and seamlessly.
DigiFT, founded in 2020 by Wanli Li and Henry Zhang, is striving to be the first regulated decentralized security trading exchange and is currently operating in the Monetary Authority of Singapore (MAS) FinTech Regulatory Sandbox. The blockchain-based exchange offers an Automatic Market Maker mechanism that facilitates secondary trading liquidity for security tokens backed by financial assets. Investors can trade directly from their digital wallets after completing a Know-Your-Client (“KYC”) onboarding process.
The MOU reflects a strong mutual interest in jointly developing solutions that enhance the overall user experience of decentralized finance (“DeFi”) without compromising regulatory and KYC standards.
The collaboration envisaged will include:
- Utilizing a public blockchain wallet-based account to encrypt and securely sign documents or transactions on a regulated security token trading platform; (“Web 3.0 e-Signature”).
- Providing verifiable identity through Web 3.0 e-Signature for KYC-ed wallet connecting to DeFi applications.
- Developing use cases to enhance user experience, efficiency, and robustness of security token issuance that is compliant with regulation.
- Leveraging EthSign’s TokenTable, an automated one-stop, on-chain investment tool for venture capitals, angel investors, and DAOs, to offer investment in private tokens on DigiFT’s regulated decentralized trading platform.
Mr. Yan Xin, Founder of EthSign, said, “We look forward to working with DigiFT to make the security token issuance process more trackable, efficient, and user-friendly with EthSign. We further hope to drive more regulatory cooperation among Web 3.0 digital business models and enhance industry collaboration in areas such as cyber security.”
Mr. Henry Zhang, the CEO of DigiFT, added, “This MOU has allowed us to broaden collaboration between the two Web 3.0 blockchain companies and unlock new values in institutional DeFi adoption. The MOU demonstrates our joint efforts to future-proof DigiFT’s KYC and client onboarding processes by developing new functionalities with EthSign Signatures and TokenTable verifications.”
The MOU was signed using EthSign and can be viewed on the Arweave blockchain.
About DigiFT
DigiFT aims to provide regulated decentralized finance solutions on the Ethereum public blockchain. We are operating the first regulation-abiding decentralized digital asset exchange where asset owners can issue blockchain-based security tokens and investors can trade with continuous liquidity via an Automatic Market Maker mechanism. We are a global outfit backed by well-established venture partners. The founding team originates from Goldman Sachs, UBS, Citibank, and Morgan Stanley, and has deep blockchain technology knowledge, having successfully developed digital asset exchange and products in the past.
About EthSign
EthSign is a decentralized, versioned, and consensus-based electronic agreements signing application built on Ethereum, IPFS, and Filecoin. We provide a simple and decentralized alternative for DocuSign. EthSign bridges Ethereum with Filecoin, where Ethereum powers our smart contract and Filecoin/IPFS provides decentralized hot and cold file storage. EthSign offers similar functionality compared to centralized solutions such as DocuSign and Esign but accomplishes its goals without needing to trust a third party.
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EthSign & DigiFT新闻发布（2022年7月21日）
EthSign 和 DigiFT 签署了谅解备忘录，以合作开发 DeFi 的去中心化签名服务。
红杉资本投资的EthSign 与 DigiFT Holdings Co. Ltd（“DigiFT”） 于2022年7月20日签署了谅解备忘录（“MOU”)，主要内容是为受监管的去中心化金融开发签名服务解决方案。
EthSign 由 Potter Li、Xin Yan 和 Jack Xu 于 2019 年创立，打造了一个全新电子签名平台，利用区块链技术将传统电子签名服务升级为去中心化、可定制化和全透明的版本。 该平台的目标是在解决因过度依赖中心化供应商而产生的数据安全问题，并重新建立对电子签名服务的信任。 凭借其 Web 3.0 技术（智能合约平台、去中心化认证和去中心化存储网络），EthSign 使用户能够安全无缝地编辑、添加注解和访问不同版本的电子协议。
DigiFT 由李万里（Wanli Li) 和张之皓（Henry Zhang) 于2020 年创立，致力成为第一家受监管的去中心化证券交易所，现阶段已经取得新加坡金融管理局 (MAS)批准，在金融科技监管沙盒中运营。 作为区块链技术支持的交易所，推出了一种自动做市商机制，能够增进由金融资产作为底层资产的证券代币在二级市场交易的流动性。 在完成客户尽职调查（“KYC”）准入流程后，投资者可以直接从他们的数字钱包进行交易。
该谅解备忘录反映了双方强烈的共同诉求，在不影响监管和KYC的要求下，一同开发解决方案，进一步优化去中心化金融（“DeFi”）的整体用户体验。 预计的合作将包括：
- 使用基于公共区块链钱包的帐户，在受监管的平台环境中加密和安全地签署文件、交换材料/信息和交易; （“Web 3.0 电子签名”）
- 通过已完成客户尽职调查的钱包，将真实世界的身份认证链接到使用安全 Web 3.0 电子签名的 DeFi 应用程序；
- 使用 Web 3.0 电子签名和智能合约，在受监管的环境中无缝集成合约的签署和执行；
- 创建更好的环境，使受监管的证券型代币发行更加便利、高效和稳健；
- 进一步探索 EthSign 的所有权结构表 (TokenTable) 与DigiFT 受监管的去中心化交易平台之间的合作机会 。 所有权结构表是一个为风险投资、天使投资和去中心化自治组织投资私人代币销售的自动化一站式链上投资工具。
EthSign 创始人 Yan Xin 表示：“我们期待与 DigiFT 合作，通过 EthSign 使证券型代币发行过程更加可追踪、高效和方便使用。 我们进一步希望推动更多 Web 3.0 数字商业模式的监管合作，加强网络安全等领域的行业交流。”
DigiFT 首席执行官张之皓（Henry Zhang）补充说： “这份谅解备忘录让我们有机会扩大两家 Web 3.0 区块链公司之间的合作，让使用DeFi机制的机构更好地释放新价值。谅解备忘录展示了我们通过使用 EthSign 签名和所有权结构表验证来开发新的功能，从而为DigiFT 建立面向未来的客户尽职调查和准入流程。”
该谅解备忘录是使用 EthSign 签署的。
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