ShareRing
ShareRing is a blockchain-based digital identity platform offering privacy-preserving, reusable KYC and verifiable credential verification for financial institutions, governments, and enterprises across 190+ countries via its ShareLedger L1 chain and mobile identity wallet.
- Company typePrivate
- Founded2018
- HeadquartersMelbourne, Australia
- Headcount51–100
- GTM typeB2B and B2C
- OfferingSoftware
What ShareRing does
ShareRing is a blockchain-based digital identity and verifiable credentials platform that enables privacy-preserving, reusable identity verification for enterprises, governments, and consumers. Founded in 2018 in Australia and headquartered in Sydney, the company operates a dual-track business model: a consumer-facing mobile identity wallet (ShareRing Me, available on iOS and Android) where users hold encrypted credentials on-device with biometric recovery, and an enterprise integration layer (ShareRing Link) that allows businesses to verify user attributes via SDK/API without ever receiving or storing personal data. The underlying technology stack is built on ShareLedger, a purpose-built Layer 1 blockchain using Cosmos SDK and Tendermint BFT consensus, complemented by the W3C-compliant ShareRing DID method (did:shr:), a CW1056 CosmWasm identity registry standard, and a ZkVCT zero-knowledge verifiable credential token system using Groth16 proofs on the BN254 curve. Three verification levels are offered: User Added (no automated checks), ShareRing Checked (OCR plus facial biometric match), and ShareRing Verified (NFC chip reading from e-Passports cross-referenced with OCR and biometric, holding UK DIATF Medium Confidence M1C certification).
The company generates revenue primarily through usage-based enterprise fees for identity verification and KYC/AML services, with a land-and-expand reusable KYC model where verified credentials can be presented to multiple accepting businesses. ShareRing Link is sold as a consultative enterprise integration product, with revenue per verification transaction or via service contracts. The SHR token is used for on-chain utility (identity creation, credential issuance, verification), and the company executes buybacks of SHR from exchanges to cover these costs as enterprise clients pay in fiat; consumer SHR purchases via the Banxa-powered SHR Exchange generate a fee share. The company holds UK DIATF, ISO 27001:2022, and AUSTRAC compliance, positioning it among a small group of globally certified self-sovereign identity providers. Primary customer segments are financial institutions and fintech, crypto exchanges, and government and public administration, with secondary focus on social media and digital platforms (age verification), professional services subject to AUSTRAC Tranche 2, and travel and hospitality.
ShareRing was founded by Tim Bos (CEO, previously of Keaz, Barclays Capital, Avanade, and Microsoft) and Rohan Le Page (COO, previously of CarSales and Keaz). The company raised approximately $11.05 million USD across a March 2018 seed round, May 2018 pre-sale, July 2018 public ICO, and June 2020 venture round. Recent strategic activity centers on Thailand, including a January 2026 25% equity stake in Transformational Co., Ltd., an April 2026 strategic alliance with TKC and Transformational to build Thailand's National Trust Infrastructure, and the June 2026 production launch of Thailand Post's Prompt Pass verifiable credential wallet. Other named deployments include Bank of Anguilla, FundedHere, the Australian Government Age Assurance Technology Trial (Darwin), and a Thai University Network credential issuance scheduled for August 2026. SHR tokens trade on KuCoin, MEXC, BitMart, and Uniswap.
ShareRing firmographics
Firmographics- Name
- ShareRing
- Legal name
- ShareRing Australia Pty Ltd
- Website
- https://sharering.network
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- ShareRing is a blockchain-based digital identity platform offering privacy-preserving, reusable KYC and verifiable credential verification for financial institutions, governments, and enterprises across 190+ countries via its ShareLedger L1 chain and mobile identity wallet.
- Ownership category
- akta.pro rank
ShareRing industry classification
Industry- Product category
- Digital Identity Verification
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Decentralized Identity (DID) & Identity Wallets (DID methods, DIDComm, identity agents) (FSAPACAG)
- akta.pro secondary industries
- Decentralized Identity (DID) & Verifiable Credentials (BPAMAEAJ), Compliance Identity & KYC/KYB for Wallets (on-chain identity, reusable KYC, travel rule tooling) (FSAPACAL), Wallet Connectivity & Session Protocols (WalletConnect, deep links, QR, auth sessions) (FSAPACAF)
Keywords
Where ShareRing is headquartered
LocationHeadquarters
- HQ city
- Melbourne
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
ShareRing business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Identity Verification & KYC Services: Enterprise clients (banks, financial institutions, crypto exchanges, government agencies) pay for identity verification and KYC/AML compliance services. Fees are transaction-based per verification. ShareRing executes buybacks of SHR from exchanges to cover the tokenised utility costs of those services on ShareLedger, creating a link between fiat enterprise revenue and SHR demand.
- Reusable KYC Credential Licensing: ShareRing's reusable KYC solution — certified under UK DIATF and Australia AUSTRAC — allows verified credentials to be reused across institutions, enabling a land-and-expand model where initial verification generates ongoing credential verification revenue as users present credentials to new accepting businesses.
- Enterprise SDK/API Integration (ShareRing Link): ShareRing Link is sold as an enterprise integration tool for businesses needing compliant identity verification. Enterprises integrate via SDKs and APIs into existing legacy systems. Revenue is generated per verification transaction or via service contracts.
- SHR Token Utility (Internal Ecosystem): $SHR is used to pay for all ShareLedger transactions (identity creation, credential issuance, document verification), staking rewards for validators and token holders, eSIM purchases, and ShareRing Me module purchases. Enterprise partners pay in fiat; ShareRing buys back SHR from exchanges to cover on-chain utility costs.
- Consumer Services (SHR Exchange): ShareRing Me users can purchase $SHR via Banxa-powered in-app fiat onramp (Visa/Mastercard). ShareRing earns a fee share from Banxa on each fiat-to-crypto transaction. Future plans include selling $SHR for fiat withdrawal and multi-chain crypto purchases.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Enterprise/Quote-Based Pricing — KYC and identity verification services |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels7 records
ShareRing product offering
Product offeringCore offering
ShareRing provides privacy-first digital identity verification through a purpose-built Layer 1 blockchain (ShareLedger) and a self-sovereign identity ecosystem. The platform comprises ShareRing Me (consumer mobile wallet for iOS/Android), ShareRing Link (enterprise SDK/API for KYC, AML, and age verification), and Prove dApp, enabling reusable verifiable credentials certified under UK DIATF and Australia AUSTRAC frameworks.
Product overview
ShareRing is a blockchain-based digital identity and verifiable credential platform offering a modular product suite centered on privacy-first, self-sovereign identity verification. The core platform consists of ShareRing Me (mobile identity wallet for iOS/Android), ShareRing Link (enterprise SDK for businesses), ShareLedger (purpose-built Layer 1 blockchain for identity), and Prove (decentralized identity proof dApp). Additional Me Modules extend functionality within the app, including SHR Exchange for token purchases. ShareRing provides three verification tiers (User Added, ShareRing Checked, ShareRing Verified) alongside specialized services for Advanced Age Verification, Instant ID Verification, Advanced KYC Solutions, and Anti-Money Laundering compliance. The platform enables reusable credentials: users verify once and reuse across multiple service providers without repeated document uploads.
Differentiator
Problem solved
Functional benefit
Brands
- ShareRing Me: Mobile identity wallet that empowers users to securely manage and share personal credentials while ensuring privacy
- ShareRing Link
- Share Ledger
- Prove
- Me Modules
- ShareToken (SHR)
Products and services
- ShareRing Me Consumer-facing mobile identity wallet for iOS and Android that lets users securely manage, store, and share verified personal credentials on-device (encrypted). Includes biometric on-device identity recovery without seed phrases, in-app Me Modules (including SHR Exchange via Banxa), and the ability to present credentials to any accepting business via ShareRing Link.
- ShareRing Link
Quantifiable outcome
- 50-80% lower verification costs compared to enterprise KYC alternatives (industry average KYC review costs $2,598 per corporate client; banks spend avg. $60M annually, up to $500M for major institutions)
- +3 more outcomes
Companies that use ShareRing
Customer profileNamed customers6 records
Segments6 records
Ideal customer profiles5 records
ShareRing technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability5 records
Feature10 records
ShareRing partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core, flagship and supporting.
- TKC (Turnkey Communication Services PCL)coreTKC is Thailand's full-service digital infrastructure provider (telecommunications, cybersecurity, digital solutions for government and large enterprises), listed on the SET. The three-party strategic alliance (TKC, Transformational, ShareRing) aims to launch Thailand's first integrated Verifiable Credential and Digital Document Wallet infrastructure as part of a National Trust Infrastructure aligned with MDES and ETDA standards. TKC provides the national infrastructure footprint and government relationships; production rollout starts June 2026.
- Transformational Co., Ltd.coreDigital transformation consultancy working with corporate clients and state-owned enterprises in Thailand, specializing in verifiable credential solutions and digital document trust infrastructure. Led by CEO Ariya Banomyong (formerly Country Head of Google Thailand and Managing Director of LINE Thailand). ShareRing holds a 25% equity stake in Transformational as of January 2026. Transformational provides enterprise and government relationships alongside TKC in the Thailand National Trust Infrastructure alliance.
- BanxaflagshipStrategic integration powering the SHR Exchange module inside ShareRing Me. Banxa provides the fiat-to-crypto onramp infrastructure enabling users to purchase $SHR using Visa/Mastercard debit or credit cards directly within the app, without leaving the ShareRing environment or requiring third-party KYC.
- Cronos ChainflagshipOfficial integration of ShareRing's cross-chain digital identity suite with Cronos blockchain. Enables Cronos developers to create DIDs, issue Verifiable Credentials on-chain, use ZKPs for age/location/identity/proof-of-human verification within dApps. With support from the Cronos team, this extends ShareRing's identity layer to the Cronos developer ecosystem.
- Select ID, Luciditi, SQR (UK Reusable Digital ID Network)flagshipPartnership with Select ID, Luciditi, and SQR to launch the UK's premier Reusable Digital ID Network for financial services, announced at Identity Week March 2025. This multi-party identity network enables financial institutions to accept reusable digital identities, with ShareRing's technology as a key component.
- Tencent CloudflagshipPartnership with Tencent Cloud to deliver blockchain-based digital identity for Southeast Asian tourism. Cointelegraph reported on this partnership in November 2020, targeting tourism and travel document verification across Tencent's ecosystem.
- Rakuten Travel XchangeflagshipIntegration with Rakuten Travel Xchange bringing self-sovereign digital identity to 600,000 hotels and 200,000 rental properties. CoinDesk reported on this integration in November 2020 as part of ShareRing's tourism-focused identity offering.
- China's Blockchain Service Network (BSN)flagshipShareRing joined China's Blockchain-based Service Network (BSN), a national blockchain infrastructure initiative. CoinDesk reported this as ShareRing being tapped for China's BSN, positioning the company within China's blockchain ecosystem for identity and sharing economy applications.
- Google CloudcorePlatform partnership for cloud infrastructure supporting ShareRing's global operations. Listed as a platform partner alongside AWS and Microsoft on the ShareRing website partners section.
- Hedera HashgraphsupportingBlockchain platform partnership for cross-chain identity interoperability. Listed as a platform partner on the ShareRing website alongside Google Cloud and other technology partners.
- AWS (Amazon Web Services)coreCloud infrastructure platform partnership. Listed alongside Google Cloud and Microsoft as a platform partner supporting ShareRing's global operations.
- MicrosoftcorePlatform partnership for cloud and enterprise technology integration. Listed alongside AWS and Google Cloud as a platform partner.
- SalesforcesupportingCRM platform partnership for enterprise integration. Listed as a platform partner on the ShareRing website.
Scale indicators8 records
Recent moves7 records
Expansion highlights9 records
ShareRing competitors and assessment
Company assessmentDirect peers
- Sumsub: All-in-one verification platform spanning KYC/AML, crypto compliance, and fraud prevention. Direct competitor for crypto exchange onboarding, ongoing AML monitoring, and reusable identity workflows.
- Dock Labs: Decentralized identity and verifiable credentials infrastructure provider. Comparable in offering issuer/verifier APIs, DID-based credentials, and reusable identity for enterprise and consumer use cases.
- Veriff: Identity verification provider with broad document coverage and biometric matching, serving fintech, crypto, and travel customers. Comparable in regulated industries and international ID coverage (190+ countries).
- ID.me: Identity network serving US government agencies, financial institutions, and healthcare. Comparable in delivering reusable verified credentials across high-trust verticals with strong regulatory positioning.
- Onfido: AI-based identity verification provider serving financial institutions, crypto exchanges, and online businesses. Direct peer in document + biometric verification and the broader reusable identity space (now part of Entrust).
- Jumio: One of the largest global KYC/AML and identity verification platforms serving banks, fintechs, and crypto exchanges. Direct competitor in the enterprise identity-verification lane ShareRing targets with ShareRing Link and reusable KYC.
- Persona: Identity verification platform offering configurable KYC, AML, and reusable identity flows for fintechs and crypto. Comparable in targeting the same regulated enterprise buyer with a developer-led integration model.
- Trulioo: Global identity verification platform with extensive country coverage for KYC/AML compliance. Comparable in serving regulated enterprises requiring cross-border ID verification and reusable digital identity.
- Civic: Blockchain-based decentralized identity platform offering reusable KYC and identity verification on-chain. Direct competitor in the Web3 self-sovereign identity lane that ShareRing also targets with ShareRing Link and Me wallet.
Broad incumbents
- Microsoft Entra Verified ID: Microsoft's enterprise decentralized identity product offering verifiable credentials on a global cloud platform. Comparable in targeting enterprise reusable identity, but delivered as part of Microsoft's broad identity/security portfolio rather than a specialized DID platform.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks6 records
Key highlights7 records
Customer concentration
ShareRing social profiles
Digital presenceShareRing financial estimates
Financial estimateRevenue estimate
Valuation estimate
ShareRing leadership team
Management profileNumber of profiles
Profiles3 records
ShareRing subsidiaries and ownership
Company hierarchySubsidiaries1 record
ShareRing funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ShareRing M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ShareRing
What does ShareRing do?
ShareRing provides privacy-first digital identity verification through a purpose-built Layer 1 blockchain (ShareLedger) and a self-sovereign identity ecosystem. The platform comprises ShareRing Me (consumer mobile wallet for iOS/Android), ShareRing Link (enterprise SDK/API for KYC, AML, and age verification), and Prove dApp, enabling reusable verifiable credentials certified under UK DIATF and Australia AUSTRAC frameworks.
Is ShareRing a public or private company?
ShareRing is a private company. It is classified as venture growth investor backed and is currently operating.
When was ShareRing founded?
ShareRing was founded in 2018. It employs 51 to 100 people.
Where is ShareRing based?
ShareRing is headquartered in Melbourne, Australia, in the Oceania region.
How does ShareRing make money?
Five revenue lines are on record. Identity Verification & KYC Services are the primary driver. The others are reusable KYC Credential Licensing, enterprise SDK/API Integration (ShareRing Link), SHR Token Utility (Internal Ecosystem) and consumer Services (SHR Exchange).
Who are ShareRing's main competitors?
Direct peers on record are Sumsub, Dock Labs, Veriff, ID.me, Onfido, Jumio, Persona, Trulioo and Civic. Microsoft Entra Verified ID is listed as a broad incumbent.
Does ShareRing have an API?
Yes. ShareRing provides a developer portal at docs.sharering.network with comprehensive API documentation. The platform offers SDKs including @shareledgerjs/client for transaction creation, bridge protocols for cross-chain token transfers, and a Me Module Developer Guide for building modules inside the ShareRing Me app via WebView. The API supports message bridge protocols across categories including Common (app info, device info, storage), Navigation, Vault (document access and queries), Wallet (account management, transaction signing), NFT, Cryptography (encrypt, decrypt, sign, verify), and mobile wallet passes (Google Wallet and Apple Wallet). API endpoints include schema.sharering.network and status.sharering.network for credential schemas and revocation registries. ShareRing Link provides SDKs and APIs for enterprise integration, enabling seamless connectivity via SDKs and APIs for immediate integration into existing legacy systems. Developer documentation is at docs.sharering.network.
What industry is ShareRing in?
ShareRing's product category is Digital Identity Verification. Its primary akta.pro industry code is FSAPACAG, Decentralized Identity (DID) & Identity Wallets (DID methods, DIDComm, identity agents), with a secondary code of BPAMAEAJ, Decentralized Identity (DID) & Verifiable Credentials. Its SIC code is 6199.