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The Grand Harbour of Valletta

Everest has been operating as a regulated custodian under the transitory provisions of the Virtual Financial Assets (VFA) License from the Maltese Financial Services Authority (MFSA) since October of 2018. The latest in principle approval is the final step in receiving a VFA license. The services Everest provides to experienced and non-experienced users are the following:

  1. Reception of deposits and issuance of instructions;
  2. Execution of orders on behalf of other persons;
  3. Custodian and Nominee Services

Everest’s unique CRDT token, a VFA, empowers businesses and users to program fiat currencies for specific purposes, times, places. Such a universally programmable and regulated…

Chapter 4 — Transparency with Privacy…Empowering Users to “Be the Bank”

Users can share KYC & humanness data privately with VASPs and with each other

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Technological advances are allowing consumers to be more in control of their financial services than ever before. Users increasingly want to “be the bank”, and with mobile wallets, neo-banks, and distributed systems, their keys to their wallets deliver on this desire. Like when VHS allowed movies to leave the cinema and come home with the consumer, the associated copyright regulations also came along with the content — consumers could not rebroadcast the video without permission…

Chapter 3 — The full Everest solution Platform

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Platform: Full Vertical Stack

The Everest platform consists of the following six modules:

  1. Gateway Node: enables partners to quickly and seamlessly integrate Everest with their own legacy platforms via lightweight, secure and inexpensive APIs.
  2. Identity Creation/Verification: Quick and inexpensive biometric ID creation & verification with integrated KYC/AML. Any smartphone with an auto-focus camera can create or verify a user’s identity. A user does not need any device at all if relying on an agent’s smartphone, and support for different biometrics markers is possible.
  3. Universal Account: An account in the cloud (distributed storage) that stores documents, identity…

Chapter 2 — Problems & DeFi

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Solving the puzzle that is DeFi…


The meteoric rise of DeFi pushed over USD $14 billion into stablecoins in 2020, and over $24 billion into swapping in September 2020 alone. And with wallet addresses cresting over 100 million users, with over 1 million on DeFi alone (citation link), the demand is parabolic. Similarly, the first generation of fintech saw companies like Coinbase, Revolut, Monzo, N26, Plaid, Chime, Transferwise, and others offer new digital financial services to grab market share from the slower, traditional financial institutions (FIs) — and garner multi-billion-dollar valuations in the process. The simple digitization of the banking…

Chapter 1 — Principles & Architecture

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Photo by Jukan Tateisi on Unsplash


Estonia led the way for digitizing a society…..the government did it by digitizing users’ identities for the banks, and then layering on financial services, followed by governance, health, schooling, etc. India followed suit a decade or so later with Aadhaar + India Stack, digitizing all identities and financial transactions. And although both significantly increased their economic output, they relied on central databases and control mechanisms. Imagine if we could take that blueprint to the blockchain, and give users control! Everest did that.

Without the fundamental elements of all human interaction (value exchange) crypto and…

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Engagement with Everest, GLEIF and ADB allows companies to easily transact data and financial instruments with proper verification processes that utilize a Legal Entity Identifier (LEI)

San Diego & Malta, 08 December, 2020-Everest, the fintech leader in identifying individuals through their transactions for global compliance, announces the completion of a Proof of Concept (POC) with The Global Legal Entity Identifier Foundation (GLEIF), an organization created to drive adoption of a common identification system for corporations, trusts, and other entities. Everest and GLEIF’s combined effort demonstrates how providing digital, verifiable identities, along with a proper legal identifier tool, can empower businesses…

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Kina Bank Scaling new heights with Everest Network

All of PNG will soon have access to anew platform to transfer money overseas and trade in foreign currency, thanks to Kina Bank’s new partnership with Everest.

Customers won’t need to have a bank account with Kina Bank, making the service available to everyone, including those who don’t already bank with Kina Bank.

Using Everest’s biometric identity and virtual account creation capabilities, customers will soon be able to use their passport as ID to self-register through an App or online, meaning they won’t need to visit a branch or submit paper documents. …

Q1 and Q2 2020 Founders’ Update

Hi there,

It has been an eventful first half of the year for the team and we are happy to share some exciting news, accomplishments and articles with you, our supporters, advisors and friends.

In addition to the public announcements below, we’ve been busily building a “NeoBank-in-a-box”. With biometric identity + accounts + ledger + eMoney, Everest looks a lot like a digital bank. We are currently engaged with leveraging that feature set to digitize a bank in SE Asia. And we are seeing an uptick in inquiries from banks due to Covid-19, as…

In response to this posting:
Everest prepared the following proposal — we thought those of you not on Reddit (really? you’re missing out…) might also find it interesting.

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Existing digital identity systems mocked by New Yorker Magazine cartoonist Peter Steiner.


Digital Identity is a topic that is often discussed/debated, but also vastly misunderstood. In one camp are Digital Certificates which are, at best, an incremental approach to solving for the urgent need of a global digital identity that has associated attestations, such as virus immunity, KYC status, etc. Just as ID cards, social security Numbers, and birth certificates haven’t been a viable physical solution for identity, Digital Certificates and public/private keypairs are going to be fraught with security issues, including Sybil Attacks, as there is no way to prove humanness and uniqueness. By leveraging an open, permissionless, public blockchain…


Everest - Elevating Humanity - learn more about our mission to change access to the digital economy.

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