Sumsub, Verax Team Up: Transforming Web3 Identity in APAC Expansion

Published Date : 7/9/2025 

Sumsub’s collaboration with Verax introduces gasless on-chain identity attestations, while its APAC roadshow with DKM ECO addresses rising fraud challenges. This move strengthens Web3 security and compliance across Asia-Pacific. 

Sumsub has made waves in the Web3 space by integrating with Verax, an attestation service built on Linea, Consensys’ Ethereum Layer 2 network. This partnership, announced at the EthCC event in Cannes, offers users a privacy-focused way to obtain on-chain identity attestations. It marks Sumsub’s second major rollout of such capabilities, following its collaboration with Solana’s Attestation Service in May. The integration aims to streamline identity verification while maintaining high security standards, a critical need as Web3 ecosystems grow more complex. n n n 

Frequently Asked Questions (FAQS): 

Q: What is Sumsub’s new integration with Verax?

A: Sumsub has integrated with Verax, an attestation service on Linea’s Ethereum Layer 2 network, to offer gasless on-chain identity attestations. This allows users to verify their identity once and reuse credentials across Web3 platforms, enhancing privacy and reducing friction.

Q: How does the APAC roadshow with DKM ECO benefit fintechs?

A: The APAC Roadshow provides fintechs with guidance on navigating regulatory requirements in Hong Kong and beyond. By combining Sumsub’s verification tools with DKM ECO’s data expertise, the initiative helps businesses stay compliant and reduce fraud risks in a rapidly evolving market.

Q: What are the key benefits of Sumsub’s Reusable Digital Identity solution?

A: The solution reduces onboarding times by 50% and boosts conversion rates by 30%. It allows users to pre-verify once and store documents for multiple checks, streamlining compliance for businesses while improving user experience.

Q: Why is fraud a growing concern in the APAC fintech sector?

A: Fraud rates in APAC have surged, with Hong Kong seeing a 234% increase in Q1 2025 and Mainland China a 2,390% spike. Sumsub’s AML Transaction Monitoring helps businesses detect and mitigate fraud, ensuring continuous compliance and security.

Q: What is the purpose of Sumsub’s "What the Fraud Summit"?

A: The summit, set for November 2025 in Singapore, aims to explore strategies for combating the "fraudemic" in Web3. It brings together experts to discuss digital trust, fraud prevention, and the future of secure identity verification. 

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