KYC stops being a $50 billion annual tax on financial onboarding. Midnight makes it a reusable, self-revoking credential. Almost all duplicated effort is eliminated.
The KYC Passport in Action
Step 01 — Creation
The Passport is Issued
Foundation-MUFG completes KYC and generates a KYC Passport: a mathematical proof confirming verified identity, clear of sanctions, low AML risk — without sending a single document.
Step 02 — Verification
Instant Onboarding
Foundation-Nomura verifies the passport against Midnight in under 2 seconds. Account opened. No document request. No 6-week onboarding process.
Step 03 — Cross-Border
Jurisdictional Compliance
Foundation-Barclays (London) accepts the same passport with a cross-jurisdictional compliance proof confirming GDPR, APPI, and FCA requirements are all met.
Step 04 — Revocation
Cascading Cancellation
If sanctions status changes, Foundation-MUFG emits a cascading revocation. Every institution holding the passport receives an automatic cancellation notice instantly.
Midnight Anchor
The KYC Passport is a Midnight-anchored proof. Revocation is instant and cascading.
Quality is incentivised by on-chain reputation scores. The institution that does the
best KYC earns the most downstream trust.