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Identitii Ltd (ASX: ID8)

There is an estimated US$9tn locked up on balance sheets globally, slowing down the world economy. This value remains locked up until the information about ‘who’ and ‘what’ a payment is for, is matched to the underlying transaction. Identitii (ASX: ID8) has created an overlay service to any payment network that enables the tokenisation and sharing of rich payment information between suppliers, buyers, banks and regulators using secure blockchain technology. Identitii’s software platform Overlay+, is currently in use with HSBC, one of the top 10 banks globally. Identitii has a team of 32 people between Sydney and Hong Kong.