Sui said on the X platform that the identity verification project Netki will bring Sui online. Netki will introduce the DeFi Sentinel tool for developers to automate compliance with the protocol, allowing developers to focus on delivering high-impact projects without having to spend time thinking about complex regulations. DeFi Sentinel provides real-time KYC/AML, wallet screening, financial transaction monitoring, securities compliance and tax compliance, and will be integrated directly into the DeFi protocol on Sui that chooses to implement the tool. In addition, Sui will integrate Netki's OnboardID, which will enhance user access and authentication processes for protocols that support this functionality, reducing costs and streamlining compliance with the Sui DeFi app deposit process.
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