A new venture backed by the Bermuda Business Development Agency promises to solve a structural problem in modern finance.

The founders of Block Infrastructure say systems responsible for identity, compliance, transaction control and settlement are too often disconnected, creating inefficiency, avoidable risk and weaker institutional confidence.

Last week, Kurtis Wright and Richard Beverley were in Bermuda meeting with local and international regulators and demonstrating new technology to address such issues.

They also attended the Bermuda Digital Finance Forum and met with a number of business interests interested in the new products they are launching.

Mr Wright said the company offered “demonstrations of innovative new solutions that straddle the worlds of agentic AI, digital assets, KYC tokenisation, data monetisation, AML and CTF which combined together provide the atomic compliance and atomic settlement infrastructure layers that our world needs”.

“This is no longer theory and hypothesis, our tech is validated and live,” he added.

The company wants to build “the trust and transaction infrastructure that allows compliant financial activity to move across modern markets with certainty, control, and scale”.

The aim is to remove unnecessary costs, delays and operational drag in a financial services environment of regulatory, technical and security standards. They say they want their products at the same standards their clients must meet.

Existing systems, they say, weaken institutional confidence, slow cross-border activity, and make it harder for firms to operate consistently across traditional and digital environments.

Mr Beverley said: “When you are onboarded by one bank and you want to get a financial product from another bank or a credit card company, a loan company, a mortgage company, rather than filling out all of these forms again, the bank simply clicks a button, downloads your records and gets all the information associated with you to verify identification.

“That means the account can be opened in minutes rather than weeks, or months in some cases for complex products.

“The other benefit is that it prevents financial crime. So, account opening, where people pretend to be you and are opening accounts in your name is prevented because you get an alert when your data is being shared.”

Mr Wright said: “It’s verifying you as the (stated) individual when it comes to know-your-customer. You are the customer, who you say you are, and it will streamline the onboarding process.”

Block Infrastructure is targeting the United Kingdom, British Overseas Territories, Crown Dependencies and the Nordic region.

They want to introduce it to markets with mature regulatory frameworks, sophisticated institutional buyers and active digital asset market formation.

Korrin Lightbourne, business development manager, at the Bermuda Business Development Agency, said: “Block Infrastructure represents the kind of company Bermuda is well positioned to support: serious, technically capable and focused on solving practical challenges for regulated financial markets.

“At the BDA, our role is to help companies like Block understand Bermuda’s value proposition, make the right connections, and explore how their work can contribute to the island’s wider digital finance ecosystem.

“We have been pleased to support Kurtis and the Block team as they build relationships here, and we see this as exactly the kind of activity that can help move Bermuda’s innovation story from interest to implementation.

“For Bermuda, the opportunity is not simply to attract companies in emerging sectors, but to support businesses that bring credible infrastructure, new ideas and long-term economic potential to the island.”