A Note from the Founding Team — Zignaly’s Path to Regulatory Compliance & Unprecedented Growth
Zignaly embarked on its journey in 2018, pioneering a platform set to redefine investment management within the centralized landscape, backed by a fully doxxed team. Along the way, we introduced groundbreaking technologies like the Profit-Sharing Model, Z-Prime, and the #AI-powered Z-Score. From day one, we’ve been steadfast in our commitment to regulatory compliance. However, at the outset, when we started, and for long after that, regulations and licensing requirements were virtually nonexistent. Nevertheless, our dedication to learning and adaptability remained inexhaustible.
As digital asset industry regulations matured, we too set on a transformative journey toward full compliance. With the well-being of our 500,000+ users at the forefront, our initial step involved migrating our protocol to incorporate robust KYC/AML procedures, ensuring a secure environment for our ever-expanding Zignaly community.
March 2024 marked a milestone as we achieved a ~95% conversion to KYC-compliant accounts, reflecting our commitment to regulatory compliance. Building on this foundation, we proudly secured a Category II license from the Financial Services Conduct Authority (FSCA) in South Africa. This license not only provides regulatory clarity for Zignaly but establishes clear guidelines for engagement, enabling trust and confidence within our ecosystem, leading to unparalleled growth!
Our licensing accomplishment signifies more than just compliance — it’s a testament to our commitment to becoming the premier platform for digital asset portfolio management. With clarity on the regulations front, we’re set to accelerate our growth and take the Zignaly ecosystem to newer heights with the aid of mainstream marketing channels, and partnerships that were otherwise impossible to pursue, given the lack of a license. Crucially, this license positions Zignaly at the forefront of regulatory anticipation within the #DeFi space. As regulations evolve, our platform is primed to navigate the shifting landscape, facilitating professional wealth management underpinned by legal clarity.
While this license signifies a monumental achievement, it’s crucial to note that compliance requirements vary across jurisdictions. Our commitment to regulatory adherence remains unwavering, ensuring responsible growth and sustained success.
As we embrace this new chapter, we recognize the vast potential of the global wealth management industry, with digital assets set to play a pivotal role. The guidance and oversight provided by South African and G-20 regulatory bodies are pivotal, aligning with our vision for a resilient and compliant digital assets landscape.
With our Category II license in hand, Zignaly stands as a trailblazer, seizing the opportunities of tomorrow while ensuring the security and prosperity of our ever-growing community. 💪
- Zignaly Founding Team
