• CONTACT
  • MARKETCAP
  • BLOG
Coin Mela Coin Mela
  • Home
  • News
    • All News
    • Bitcoin
    • Ethereum
    • XRP
    • Altcoins
    • NFT
    • Blockchain
    • Web3
    • DeFi
    • Finance
    • Stocks
    • Company
  • Learn
  • Market
  • Advertise
Reading: Sumsub Partners with BNB Attestation Service to Enhance Identity Verification in Web3 Ecosystem
Share
  • bitcoinBitcoin(BTC)$114,993.00
  • ethereumEthereum(ETH)$4,522.81
  • rippleXRP(XRP)$3.04
  • tetherTether(USDT)$1.00
  • solanaSolana(SOL)$239.77
  • binancecoinBNB(BNB)$908.31
  • usd-coinUSDC(USDC)$1.00
  • dogecoinDogecoin(DOGE)$0.262548
  • staked-etherLido Staked Ether(STETH)$4,512.28
  • tronTRON(TRX)$0.348207
CoinMelaCoinMela
Font ResizerAa
  • Home
  • News
  • Learn
  • Market
  • Advertise
Search
  • Home
  • News
    • All News
    • Bitcoin
    • Ethereum
    • XRP
    • Altcoins
    • NFT
    • Blockchain
    • Web3
    • DeFi
    • Finance
    • Stocks
    • Company
  • Learn
  • Market
  • Advertise
Have an existing account? Sign In
Follow US
© Coin Mela Network. All Rights Reserved.
Web3

Sumsub Partners with BNB Attestation Service to Enhance Identity Verification in Web3 Ecosystem

News Desk
Last updated: September 5, 2025 9:49 pm
News Desk
Published: September 5, 2025
Share
merged image 359551

In a significant development in the world of digital identity verification, Sumsub, a global leader in verification and anti-fraud solutions, has partnered with the BNB Attestation Service (BAS) on Binance’s BNB Chain. This collaboration introduces Sumsub ID, the first tool designed to issue on-chain credentials within the BNB ecosystem, allowing users to pre-verify their identities and reuse these credentials securely across a range of Web3 applications.

Sumsub ID, a part of the Reusable Digital Identity suite launched in March 2025, enables users to verify their identity in a single instance while securely storing essential documents for multiple verifications across participating platforms. Upon successful verification, users gain access to on-chain attestations—secure, tamper-proof digital proofs associated with their BNB wallets. This innovation aims to enhance user trust and confidence among decentralized applications (dApps), exchanges, and protocols by providing assurance of verified user identities.

As a core attestation issuer for BAS, Sumsub plays a vital role in streamlining the onboarding process with verified Web2 identities. The partnership is also poised to strengthen compliance measures and reduce sybil risks, a challenge arising when a single user manages multiple wallets and disrupts fair participation or rewards within an ecosystem. By merging Web2 trust frameworks with Web3 reputation systems, this collaboration lays a robust groundwork for sustainable ecosystem growth.

Annie Lee, the founder of BAS, expressed enthusiasm about the partnership, noting its potential to expand the attestation registry across the BNB Chain. “Working with Sumsub allows us to bring trusted Web2 credentials directly into DeFi, RWA, and airdrop use cases,” she stated. The introduction of reusable verification credentials is set to facilitate faster user access while preserving the integrity of a scalable Web3 environment.

Ilya Brovin, Chief Growth Officer at Sumsub, highlighted the partnership as a critical milestone in advancing reusable digital identity into mainstream Web3 applications. He articulated the benefits for users in terms of reduced barriers to platform access and for businesses in offering a compliant, reliable method to attract new participants to their ecosystems. Brovin emphasized a paradigm shift where “identity” evolves with the user rather than constraining them, supporting a more open and user-centric Web3 landscape.

Sumsub ID’s system enables individuals to pre-verify their identity just once and use that data across various services, potentially cutting onboarding times by up to 50% and improving conversion rates by as much as 30%. This efficiency offers businesses a streamlined approach to compliance while enhancing the user experience.

Looking ahead, Sumsub and BAS plan to broaden these advantages across exchanges and wallets. Their initiatives will focus on streamlined Know Your Customer (KYC) processes, compliant access in DeFi, linking Real World Assets (RWA) platforms with verified identity credentials, and ensuring equitable distribution of community airdrops to legitimate users.

Stakeholders interested in understanding how Sumsub ID and BNB attestations can enhance their projects are encouraged to reach out to Sumsub and BAS for further insights.

The Future of Smart Contract Development: Key Trends and Innovations in the Web3 Economy
Pudgy Penguins Revolutionizes Web3 with Solana and Strategic Partnerships
Crypto Market in 2025: Record Adoption and Promising Altcoins for Higher ROI
Web2 Companies Explore Corporate Blockchains, Sparking Debate Over De-centralization and Satoshi’s Vision
Republic Partners with Incentiv to Enhance Web3 Accessibility and Rewards
Share This Article
Facebook Whatsapp Whatsapp
ByNews Desk
Follow:
CoinMela News Desk brings you the latest updates, insights, and in-depth coverage from the world of cryptocurrencies, blockchain, and digital finance.
Previous Article d58076e04675044930d9079e79b75db9 Gold Prices Hit Record High of $3,585/oz Following Disappointing August Jobs Report
Next Article 1 203 Rollblock Emerges as a Leading Altcoin Amid XRP Price Rally Predictions
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular News
aii1.webp
CodexField Partners with Pilot AI to Enhance Web3 User Experience
68c3b3b0f0819.image
Mixed Trading on Wall Street as Markets Anticipate Federal Reserve’s Interest Rate Decision
K67I3TQBWJEQDK5HOQPPCADXCI
Solana Validators Approve Major Alpenglow Upgrade to Enhance Decentralisation and Reduce Latency
- Advertisement -
Ad image

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Coin Mela Coin Mela
CoinMela is your one-stop destination for everything Crypto, Web3, and DeFi news.
  • About Us
  • Contact Us
  • Corrections
  • Terms and Conditions
  • Disclaimer
  • Privacy Policy
  • Advertise with Us
  • Quick Links
  • Finance
  • News
  • Company
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Stocks
  • DeFi
  • Blockchain
© Coin Mela Network. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?