Cregis and Sumsub co-hosted the “Web3 Finance Powering the Future of Trust” summit on October 1, 2025, at MBFC Tower 2 in Singapore, drawing banking, payments, and crypto professionals to focus on trust-building and compliance in Web3. The event highlighted how identity, infrastructure, and regulation are converging to shape safer, more user-friendly crypto services.
A joint showcase opened the program Cregis COO Jason Ma outlined how MPC (multi-party computation) reduces asset-security risk through private key sharding and noted the platform manages assets worth “hundreds of billions,” serving more than 3,500 enterprises with MPC wallets and payment infrastructure. Sumsub’s Ying Li said the company now supports 4,000+ clients including Bybit and Huobi helping firms meet multi-jurisdictional compliance requirements.
The core panel “Web3 Trust Stack Identity, Compliance, and Infrastructure in Action,” examined where to build in house versus partner externally. Cregis’s Eric Cheung argued that limited resources demand sharper focus identity verification is becoming foundational as regulatory frameworks mature and anonymity shrinks, making real name verification a likely industry default.
Interlace’s Henry Chan stressed balancing regulatory realities with innovation to keep compliance costs manageable, reframing “trust” across users, markets, institutions, and governments. Sumsub’s Penny Chai flagged deepfakes and synthetic fraud as rising threats and pitched reusable KYC “one verification, many platforms” to ease user fatigue and reduce enterprise costs, while viewing regulation as a boundary that can spur smarter innovation.
Participants broadly agreed that identity verification is now standard for Web3, that security tech can lower operational risk, and that compliance design must balance efficiency with user experience. Post-summit, several firms signaled collaboration interest, while Cregis and Sumsub said they will deepen product integration to offer end to end services from identity verification to asset management for Web3 enterprises.
