Skip to main content

ARAX Integrates with CorePass Digital Identity

· 4 min read

ARAX Holdings Corp. (OTCBB: ARAT) is advancing its strategy to invest in world-leading decentralized infrastructure software and technology, acquiring established, mission-critical platforms.

USA, May 11, 2023 — With this acquisition, ARAX is continuing its strategic expansion into decentralized infrastructure software and technology, acquiring robust, mission-critical systems that enhance its blockchain ecosystem and compliance infrastructure.

Cilandro SA is registered with So-Fit, a Self-Regulated Swiss Body supervising transactions to combat money laundering and terrorist financing. Through its registration, Cilandro can act as a financial intermediary, executing transactions on behalf of third parties, including the exchange of digital assets.

Cilandro will serve as one of the licensing bodies for Ping Exchange, which is set to release its alpha version digital asset trading platform in the coming weeks.

“The acquisition of Cilandro SA perfectly aligns with our strategic vision of investing in world-leading decentralized infrastructure software and technology,” stated Michael Loubser, CEO of ARAX Holdings Corp. “The acquired expertise of Lars Schlichting in regulatory compliance, combined with Cilandro’s trusted role as a financial intermediary, makes it an ideal addition to our portfolio. We are excited about the potential synergies this acquisition brings and the value it will deliver to our clients and stakeholders.”

ARAX’s Investment in RegTech​

In today’s fast-paced digital economy, regulatory compliance requirements evolve continuously. ARAX’s investment in RegTech — regulatory technology — aims to streamline compliance processes, both for its own use cases and for third-party integrations.

As technological innovation accelerates, the need for platforms that manage regulation, compliance, risk, reporting, and supervision becomes increasingly vital. ARAX is building a comprehensive multi-dimensional framework to address these challenges.

ARAX’s RegTech Framework​

The framework begins with a digital identity attribute management platform and expands into regulatory and technological applications. It encompasses:

  • Financial and data management regulations
  • A data settlement system for self-regulation and third-party integrations
  • Technologies such as AI, DLT, blockchain, and smart contracts (including programmable regulation)
  • An API connector platform linking blockchain-based, cloud, and institutional systems

Together, these components form the ARAX RegTech Ecosystem — an integrated system for compliant, data-driven transaction facilitation.

CorePass and the Role of Data​

At the center of ARAX’s RegTech architecture lies data. Through the CorePass gateway, ARAX promotes secure data ecosystems and decentralized digital identity management.

CorePass is the world’s first fully decentralized, compliant blockchain-based digital identity platform, providing verifiable KYC and AML standards. It allows participants to maintain full control of their personal and business data while adding digital attributes to ARAX’s secure attribute management system.

This framework supports automation and machine-readable regulation, empowering regulators and compliance officers to extract and correlate data directly from financial institutions. This capability is particularly relevant for stablecoin and tokenization platforms, ensuring ongoing compliance — a world-first in blockchain-based RegTech.

Industry Impact and Benefits​

The integration of ARAX’s RegTech framework will enable a wide range of applications for regulated entities, including:

  • Real-time compliance monitoring
  • Risk management and reporting
  • Operational transparency and oversight

Regulatory authorities will also benefit, gaining tools for authorization, supervision, and ongoing control.

Key benefits include:

  • Increased efficiency and effectiveness
  • Greater transparency and accuracy
  • Lower compliance costs

Summary​

ARAX Holdings Corp. is committed to streamlining regulatory compliance in the digital economy through advanced technologies, data-driven infrastructure, and a robust decentralized ecosystem.

By integrating blockchain, artificial intelligence, and programmable compliance systems, ARAX is creating a foundation for a more efficient, transparent, and future-ready digital financial world.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995​

Certain statements contained in this press release may be construed as “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). All statements that are not historical facts are “forward-looking statements.” The words “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe harbor” provisions of the Act. These statements are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. Investors should consider this cautionary statement and furthermore, no assurance can be made that the transaction described in this press release will be consummated. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.