NFT Compliance: Brand Protection
As more enterprise brands and Fortune 500 companies enter the NFT space, it is important to have strong compliance measures in place. Implementing strong compliance measures is important for both current and future clients, and it is a key factor in the company's growth.
Dibbs is a company that provides a platform for tokenizing physical collectibles as NFTs. Our business is designed to help brands and businesses enter the NFT space safely and compliantly. Our Chief Compliance Officer, Bill Plumeri, says it best.
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Compliance Matters in the NFT Space
“As more large-scale brands and Fortune 500 companies enter the space, these brands have a vested interest in brand protection. And compliance helps them do that. Compliance helps protect, not just your firm, but, particularly in the NFT space, helps protect your clients' brands. As the industry grows, this is important for both our future clients and our clients today.
There's a lot of different use cases for NFTs. The way we leverage this technology is to treat it as a digital ownership receipt of the physical item that's held, secured, and insured in our vault. You would purchase a Dibbs NFT if you are interested in the underlying physical collectible in which it represents. And this is somewhat unique even for the NFT industry at this point in time. I'm passionate about it because what's really cool is to be on the forefront of this emerging market.
We can't help but feel that we are in the vanguard of moving the industry forward as we pioneer this new frontier together. And that's exciting for me. Not just my personal career, but also as a compliance officer. My role in this position is to help protect the firm and the US financial system from illicit funds.”
If you are a brand or business that is interested in learning more about how we achieve compliance in the NFT space, schedule a demo and learn more today.
Check out Bill’s full Chainanalysis testimony here: