In the Press

DISRUPTIONBANKING.COM

“Almost two decades later, Eric sees signs that the vision he had encountered at early PayPal might finally be fulfilled. Eric believes that the emerging crypto space has the potential to bring about many useful changes in finance but the infrastructure around the market still requires much more development. Eric sees his innovation as providing some extra value to the market and contributing to this development. This is why he founded TransitNet in 2018.”

FINANCE.YAHOO.COM

“The first of TransitNet’s title verification tools is the Asset Collision Identifier (ACI). This tool lets service providers check for the collision of crypto wallets. In other words, it will identify wallet addresses that may be claimed by multiple managers and then help ensure that specific assets are not claimed by more than one fund. “

HACKERNOON.COM

“Projects like TransitNet create an off-chain title registry for cryptocurrency. This allows investors to verify their ownership of crypto assets. With a third-party register, individuals can protect the contents of their crypto wallet. These services also allow investors to show proof of collateral or reserve when engaging in transactions or leveraging other services.”

INVESTING.COM

“Without title registry crypto assets do not have the flexibility required to be fully utilized by investment firms. This is why the work TransitNet is doing is so significant. It’s these kinds of projects that will make the whole ecosystem more attractive to institutions and, in turn, provide the fuel to maintain the bull run.”

GRITDAILY.COM

“Title registry is something that is likely to be hugely significant for institutions. Firstly, the ability for an institution to verify whose funds they are holding is vital in areas that require KYC. Perhaps more significant though, is the investment flexibility it provides.”