According to CoinMeta, Wu said that walletconnect has announced a partnership with identity and risk verification service provider socure to integrate user identity verification with wallet ownership verification into the same process. socure is responsible for identity verification, fraud prevention, and anti-money laundering screening, while walletconnect verifies users' control over their wallet addresses through signed messages, without the need to transfer funds. This solution allows financial institutions to link verified wallets to user identities and can be applied in scenarios such as stablecoin transfers, tokenized securities trading, and compliance checks on exchanges travel rule. socure's services have already been adopted by 19 of the top 20 banks in the United States and four of the world's top five cryptocurrency exchanges.