KYC Token and UI for RWA Overview:

The goal of  KYC token and UI for RWA is to allow for regulated financial Real World Asset (RWA) transactions on the Stellar Consensus Protocol. By creating the KYC token and associated user interfaces, Financial Service Providers will be able to verify identity in a method compliant with local regulatory and financial compliance rules. 
 

KYC Token - Stellar Asset Contract & UI:

This grant application is for the creation of an open-source Stellar Asset Contract with Sorban and a Cloud User Interface that enables a Financial Service Provider to fulfill their defined KYC process on an individual, associate a wallet to that individual, and issue a KYC token that other applications or stellar asset contracts can interact with. The KYC token is part of the Building Block Framework that can be used by other Stellar Asset Contracts issued by a Financial Service Provider to streamline their KYC verification and allow for automated execution of multiple offerings, transactions, and settlements of Real World Assets.

Why A KYC Token?

• Need: Financial Service Providers need a method of applying their KYC policies in order to link a client to a wallet.  
• Why: Financial service providers are the final responsible party for KYC. 
• Example: “Binance and CEO Plead Guilty to Federal Charges in $4B Resolution”

https://www.justice.gov/opa/pr/binance-and-ceo-plead-guilty-federal-charges-4b-resolution

What is Know-Your-Customer (KYC)?
Know Your Customer (KYC) is a set of rules designed to verify and authenticate the identity of clients by financial service providers. The primary use is to facilitate the prevention of money laundering, fraud, and terrorist financing. KYC requires Financial Service Providers and organizations to gather relevant information about their customers, such as identifying documents and proof of address. 

What is the Building Block Framework (BBF):
The Building Block Framework is a framework to accelerate the adoption of real-world assets by financial service providers. 

Build Block Framework Link: BBF-Stellar0.9

Build Block Framework Website: Link

Other Relevant Questions:

• How does Tigerblocks make money? We make money by securitizing institutional real estate. We plan to use the infrastructure of the Project for our Tokenization efforts and plan to continue to support the project. 
• How will you keep the project running? Tigerblocks will continue to use the Project For KYC and continue to update the project to meet our and other Financial Service Providers' need for a KYC token.
• How do you plan to set the prices? The Project will be open source and free. 
• Why is Tigerblocks doing this? Creating a Sellar Asset Contract that is used by a more significant number of Finacial Service Providers reduces the regulatory scrutiny on all RWA tokenization projects, including our own.

Company Website: www.tigerblocksglobal.com

The Project Duration: 10-12 Weeks. 

Project Roadmap: This project is an infrastructure component of the Building Block Framework on completion of the KYC token and UI project. We will develop other Stellar Asset Contracts that interact with the KYC token.

Adam Pluemer

CTO & Founder of Tigerblocks - Adam heads the development of the Tigerblocks SEC complaint platform for the securitization of Institutional Real Estate. He is a technology strategist and developer and sits on the advisory board of Cardinal Ventures, Stanford University's on-campus accelerator.

https://www.linkedin.com/in/apluemer/

Vinay Patel 

VP of Engineering of Tigerblocks - Vinay leads the software engineering team at Tigerblocks. He has over 15 years of experience developing cutting-edge software technologies in diverse industries, including government financial applications. 

https://www.linkedin.com/in/vnypatel/

Andy Pluemer

Chief Architect of Tigerblocks - Andy is responsible for foundational systems that underpin tigerblocks’ financial regulatory software. He has over 30 years of experience building foundational core infrastructure for various financial institutions. 

https://www.linkedin.com/in/andypluemer/

David Hosler

Director of Operations of Tigerblocks - David runs operations and product management at Tigerblocks. He is an experienced institutional real estate professional with over $4B of transaction sales experience. He managed over 300 ground-up developments across a diverse collection of product types.

https://www.linkedin.com/in/david-hosler/

Stephen Ebenezer

Product Designer at Tigerblocks - Stephen leads product design at Tigerblocks, developing the company's strategic designs, system protocols, and user interfaces. His experience includes enterprise product design at a major prop-tech company focusing on IoT. 

https://www.linkedin.com/in/stephensamrajux/

Tigerblocks Engineering Team
The 15-person engineering team at Tigerblocks is dedicated to developing the infrastructure to expand access to Institutional Real Estate. The Team has in-depth skills in the following technologies Rust, Flutter, PostgreSQL, SQL Server, HTML, CSS, C#, iOS, .Net Core, Bootstrap 4-5, Android, Jquery, MVC, and Python; and has worked on projects for companies like Boeing, Chevron, ExxonMobil, Flex, United States Internal Revue Service, Microsoft, Nippon Steel, NYSE, PG&E, Procter & Gamble, and State Street.

Activation Award: 

• https://dashboard.communityfund.stellar.org/scfawards/scf-22/activationawardreview/suggestion/512 
• $45,000

Update on the KYC Token Project:

Video LInk: KYCTokenUpdate-SCF22.mp4

Presentation Link: KYCTokenUpdate-SCF22

Figma UX for the Cloud User Interface: 

    KYC End User Link: FigmaUser

    KYC Administration Link: FigmaAdmin

KYC Token Smart Contract:

     Code Link: GithubLink

Project Requirement Specification

  Presentation Link: KYCTokenPRS-SCF22

Project Budget Detailed: KYCToken-BudgetSCF25.pdf

Deliverable 1:

• Brief description: Non-Monetary Validation of Wallet Control KYC NFT Token 
• How to measure completion: Token issued to sample reference wallet. 
• Estimated Duration: 2-3 weeks after the start of the project. 
• Budget: $13,000
• Total Team Members: 6 (2 Full Time - 4 Part Time)
• Average Hourly Rate: $68
• Total Hours: 190

Deliverable 2:

• Brief description: Administration User Interface & Front End User Application
• How to measure completion: Demo Application is published to a web address.
• Estimated Duration: 6-8 weeks after the start of the project. 
• Budget: $64,000
• Total Team Members: 15 (4 Full Time - 11 Part Time)
• Average Hourly Rate: $52
• Total Hours: 1230

Deliverable 3

• Brief description: KYC Compliant USDC Distribution  
• How to measure completion: A demo is published to a web address with an interface to do a test transaction. The final project code is delivered to the project repository. 
• Estimated Duration: 3-4 weeks after deliverable 2. 
• Budget: $17,000
• Total Team Members: 11 (2 Full Time - 9 Part Time)
• Average Hourly Rate: $53
• Total Hours: 310