WASHINGTON, Aug. 28, 2025 /PRNewswire/ -- Bluprynt, a leading provider of compliance automation and blockchain solutions, today announced the launch of Know Your Issuer (KYI), a new cryptographic verification solution that addresses one of the digital asset industry's most persistent challenges: the counterfeiting of legitimate tokens. KYI establishes a secure, transparent, and crypto-native standard for verifying token issuers, safeguarding markets from fraud and reinforcing trust at the foundation of tokenized finance.

The absence of a reliable way to confirm that a digital asset was truly issued by the entity it claims to represent has left markets vulnerable to counterfeit tokens, impersonation attacks, and a gradual erosion of trust, driving over $1.6 billion in global losses each year. KYI directly addresses this by linking cryptographic proofs to verified credentials, creating an auditable, tamper-resistant solution for establishing authenticity. Designed as a crypto-native solution, KYI is lightweight, decentralized, and easy to integrate into wallets, exchanges, and token standards—providing a model for how verification must evolve to meet the speed, transparency, and resilience expected in blockchain markets.

"Counterfeiting weakens the integrity of digital markets and hurts everyone involved—issuers, investors, and platforms alike, and impedes adoption of digital assets more generally," said Chris Brummer, a Georgetown law professor and CEO of Bluprynt. "KYI provides a simple but powerful fix: cryptographic proof of who issued what, maintained through an open, verifiable standard built for the realities of on-chain finance. The benefits from DeFi to financial institutions using crypto assets are endless."

To establish KYI's technical feasibility, Bluprynt is conducting pilots with leading digital assets institutions and their technical teams. The first completed pilot applies KYI verification to PYUSD, and established multiple means of securing verification of Proofs of Authenticity for crypto assets. 

"Trust and transparency are essential for global adoption of digital assets," said Nick Robnett, Head of Crypto Business. "Our participation in the KYI pilot reflects Paxos's leadership in advancing responsible standards for the digital economy."

"Bluprynt's KYI framework is a breakthrough for digital asset integrity—bringing cryptographic trust to token issuance and helping secure the foundation of the tokenized economy," said J. Christopher Giancarlo, former CFTC Chairman and Paxos board director.

As part of its ongoing development, Bluprynt has integrated KYI with the Solana Attestation Service (SAS) to enhance the interoperability and discoverability of verified token issuers across the Solana ecosystem. SAS is a blockchain-native infrastructure developed by the Solana Foundation that allows entities to issue attestations—signed statements—about addresses, tokens, and events. By publishing KYI credentials through SAS, issuers can enable wallets, explorers, and other on-chain tools to programmatically verify the authenticity of tokens with minimal friction. This integration ensures KYI credentials are natively accessible within the Solana protocol layer, reducing spoofing risks and enhancing trust in token origin across dApps and DeFi protocols.

Bluprynt is also actively coordinating with its network of regulators, central banks, and private sector leaders to ensure that KYI not only meets industry needs but also complements emerging regulatory and market infrastructure initiatives. "KYI isn't just a solution for today's issuers; it's a scalable, trusted layer for the future of global finance," Dr. Brummer said.

Bluprynt's KYI pilot marks the beginning of a broader effort to standardize and expand issuer verification across the digital asset economy. Bluprynt invites other issuers and institutions to join the initiative and help build the future of transparent, trusted tokenization.

About Bluprynt

Bluprynt is a leader in embedded compliance and blockchain solutions, specializing in tools that streamline regulatory processes and enhance transparency. The company leverages cutting-edge AI and blockchain technologies to enable issuers to meet the most demanding compliance requirements while supporting innovation in the financial sector.

For more information, visit bluprynt.com or contact team@bluprynt.com.

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SOURCE Bluprynt