International Nonprofit RFI Initiates Effort to Connect Conventional and Decentralized Financial Systems

Launch of Responsible Fintech Institute: The Responsible Fintech Institute (RFI), a new global nonprofit based in Singapore, aims to create a trustworthy digital finance ecosystem by bridging traditional and decentralized financial systems. The launch coincided with the Digital Assets Summit 2025, where RFI signed a collaboration agreement with the Digital Assets Association.

Founding Members and Mission: RFI's founding members include Bison Group, OKG Technology, Remi Technology, VerifyVASP, and SlowMist, all committed to developing standards and infrastructure for digital financial tools. Their collective goal is to foster responsible innovation, protect consumers, and manage financial crime risks in the evolving digital finance landscape.

Introduction of VITA Initiative: RFI's first major initiative, the Verified Identity & Trust Alliance (VITA), aims to streamline customer identity verification and compliance processes across member companies. VITA will enhance trust and safety in the digital finance ecosystem by providing a shared verification system that respects user privacy.

Commitment to Collaboration: RFI emphasizes collaboration among diverse stakeholders, including financial institutions, regulators, and technology firms, to ensure that the future of digital finance is built on trust and accountability, ultimately making the digital asset world more sustainable and inclusive.