Trion launches basic compliance research, taking the first step in its globalization strategy
Since its official registration in 2020, Trion has always adhered to the development positioning of “global digital asset trading infrastructure” and continued to consolidate the platform technology and system architecture foundation. After completing the core formation of the founding team in November and entering the product prototype development stage, Trion took another step at the end of 2020 and launched a global basic compliance research plan, taking practical actions to start the first step of the international strategic layout.
Faced with the rapidly changing global crypto asset market, compliance is becoming the “lifeline” for the survival and development of trading platforms. Trion knows that compliance is not an additional condition after going online, but the underlying logic that must be embedded in the early stage of platform construction.
In December 2020, Trion officially launched a research on crypto asset regulatory policies in key countries and regions such as the United States, Lithuania, Singapore, and the United Arab Emirates, and formed a special small legal research team to systematically sort out and analyze the regulatory systems, license application processes, anti-money laundering (AML) and KYC compliance requirements in various regions.
The selection of these four regions is a concentrated reflection of Trion’s global strategic considerations: through pre-emptive compliance research, Trion not only lays the foundation for subsequent license applications, but also embeds regulatory-friendly KYC and AML modules at the product design level to achieve the first-mover advantage of “product compliance”.
To ensure that the research results can be quickly internalized into platform construction capabilities, Trion simultaneously established an early legal and compliance advisory mechanism, introducing senior compliance experts who have served traditional financial institutions and digital asset companies to assist in building a cross-border compliance framework.
This mechanism will participate in the design of the core architecture of the platform, such as user identity authentication process, fund flow path tracing, transaction anomaly identification system, anti-terrorist financing mechanism, etc., to ensure that Trion’s future transaction process meets international standards from the beginning.
The co-founder said: “The platform’s technology is global, and compliance must be global. Trion is not passively waiting for regulation, but actively embracing regulation and building a compliant infrastructure from the beginning of design.”
In the last month of 2020, Trion not only completed the layout of the underlying compliance strategy, but also initially built a global remote collaboration and localized legal resource network. The network will support Trion to set up subsidiaries, apply for licenses, deploy servers and operation and maintenance teams in different jurisdictions in the future.
In addition, the platform is also exploring the strategy of “technology neutrality and compliance” at the same time, such as localization adaptation of different markets through modular KYC interfaces, dynamic risk control models and data isolation mechanisms, and reducing cross-border regulatory conflicts.
From 0 to 1, Trion is steadily laying the foundation for a global trading platform for the future.
At the beginning of 2021, Trion will enter the testing and verification phase to further verify the performance of the core matching and account systems. At the same time, based on the results of this round of compliance research, the first batch of license applications will be launched. As a technology-driven, compliance-first innovation platform, Trion is steadily taking every step towards the global digital asset trading hub.
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