Didit, Ready to Start Working in the Spanish Financial Sandbox

Key takeaways

Sandbox Participation: Didit's selection for the financial sandbox demonstrates our commitment to innovation and security in digital identity management.

Regulatory Compliance: Our technology will be tested under CNMV supervision, ensuring adherence to key regulatory frameworks like MiCA for crypto-assets.

Advanced Identity Solutions: Didit will showcase NFC and OCR-based identity verification, along with digital wallets linked to individual identities.

Mission-Driven Innovation: This opportunity aligns with our mission to humanize the internet by creating more secure, user-centered digital experiences.

Great news for Didit! Our technology was chosen to participate in the sixth cohort of the so-called financial sandbox, a testing environment that allows companies to implement new technological initiatives in a controlled and secure space. This achievement reinforces our commitment to security and innovation.

What is the financial sandbox?

The financial sandbox is a controlled environment where innovative companies like Didit can experiment with technologies and business models without the risks associated with full implementation.

In Didit's case, the activity will be supervised by the National Securities Market Commission (CMNV) and SEPBLAC (Executive Service of the Commission for the Prevention of Money Laundering and Monetary Offenses). This opportunity represents recognition of our approach to managing digital identity and economy from a single private and secure point of view for users.

Didit's selection was provisionally announced in late January and became definitive a few weeks later. Since then, we haven't stopped working to prepare for September, when supervised testing will begin, with an approach that reinforces our commitment to security and privacy.

What Didit technology will be tested within the financial sandbox?

Starting in September, Didit will test its technology within the framework of the financial sandbox. Among the developments that will be tested under CNMV supervision are our identity verification solution with near field communication (NFC) and optical character recognition (OCR), or the creation of a digital wallet linked to each identity that allows payments with crypto-assets regulated by the MiCA regulation, all while complying with the main regulatory frameworks.

These tests will extend over several weeks, always under supervision, and upon successful completion, will confirm Didit's commitment to security.

A path that advances towards our mission

Didit's participation in the financial sandbox marks a crucial milestone in our mission: to humanize the internet. To achieve this, there's nothing better than demonstrating how our digital identity solutions can improve security and user experience within the financial sector.

We will continue to innovate and advance, always with the goal of creating a more secure, private, and user-centered digital ecosystem. This opportunity allows us not only to test our technologies but also to actively contribute to the evolution of the digital financial landscape. At Didit, we are committed to building a future where digital identity is synonymous with empowerment, security, and trust for all users.

Together, we are taking firm steps towards a more human internet, centered on people and accessible to all.