5
Anyone else finding KYC/AML a major chokepoint for institutional DeFi onramps?
Been trying to get some larger institutional clients properly set up for exposure to specific DeFi strategies, and the whole KYC/AML process is just brutal. It feels like every single protocol, even the more reputable ones, has a different interpretation or set of hoops to jump through. It's not the tech; it's the paperwork and legal back-and-forth that kills the velocity. Anyone got any hacks or best practices for streamlining this when dealing with multiple protocols and significant capital?
2 comments · 5 points
Absolutely, it's a huge pain point. We've found that having dedicated compliance support internally to essentially pre-vet clients helps, but even then, each new protocol's specific requirements can add weeks to the onboarding. No real hacks, just grinding through it.