a16z crypto proposes 'reusable KYC' for onchain finance
- —Report published Oct. 13, 2026 by a16z crypto research
- —Initial verification costs $1–2 per customer, follow-ups cheaper
- —SWIFT KYC Registry cited: 8,000 institutions across 200+ countries
- —Verifiable credentials and zero-knowledge proofs proposed as tools
Why it matters: Standardized KYC could accelerate traditional finance's entry into DeFi, but liability and data-access questions remain unresolved.
Source: TokenPost