Moca Network Ties Up Inveo Kripto for Regulated Web3 in Türkiye

Moca Network, the Animoca Brands-backed digital identity project, has signed a Memorandum of Understanding with Inveo Kripto and Ichain Investment Holding to build regulated Web3 infrastructure in Türkiye. The three parties said on 29 June 2026 that they will explore integrating Moca’s AIR Kit identity stack into Inveo Kripto’s platform and cooperate on stablecoin rails, real-world asset tokenization, fiat on- and off-ramps, and digital banking.

The deal gives Moca Network an on-the-ground partner in a country it calls one of its most important markets, and gives Inveo Kripto a path to plug its SPK-licensed financial operations into a global identity network of over 600 portfolio companies and more than 700 million addressable users. AIR Kit runs on Moca Chain, an identity-native Layer 1 blockchain. That chain is still in testnet ahead of a public mainnet launch.

What the Three Parties Actually Agreed To

The MoU is signed, but most of the work ahead is exploratory. Moca Network, Inveo Kripto, and Ichain Investment Holding said they will form a joint steering committee to scope cooperation across six areas.

Those six areas are real-world asset tokenization (including IP, gaming assets, and capital-markets instruments), stablecoin payment and settlement infrastructure, fiat on- and off-ramps for Web3 apps and gaming wallets, digital identity and reusable KYC that meets Turkish AML requirements, neobank and digital banking for retail, gaming, and SME users, and joint go-to-market moves into Türkiye and through Moca Network’s wider ecosystem. Reusable KYC is the technology being put at the front of the queue.

AIR Kit is Moca Network’s modular SDK for issuing verifiable credentials and letting users carry one verified identity across apps. Integrating it into Inveo Kripto’s platform would let a user verify once and reuse that verification with other Turkish services, rather than starting KYC from scratch every time. The wording is careful: the MoU is a memorandum, not a binding integration contract. Kenneth Shek, managing director of Moca Network per the MoU announcement dated 29 June 2026, framed the partnership as the opening of a long operational conversation. Inveo Kripto and Moca Network said any deployment will happen in line with local regulation, and the joint steering committee will scope specifics.

Why Türkiye, and Why Now

Onur Topaç, chairman of the board of Inveo Kripto and Ichain Investment Holding, put the demographic case in plain terms in the announcement. Türkiye has a young, tech-savvy population of 86 million, a top-five ranking in global crypto adoption, and a newly established regulatory framework.

That combination is what makes Türkiye a different kind of target from the usual Web3 beachhead markets. The country is large enough to matter on its own, and it is also a regulatory market in the middle of formalizing itself. Ankara has been tightening rules around crypto platforms, and full SPK licensing for service providers has been a moving target over the past year. Inveo Kripto is already listed on the SPK’s Register of Active Crypto Asset Service Providers, the regulatory door the deal is built to walk through.

Three figures size the prize. Each one comes from the MoU announcement or Moca Network’s own materials.

• 86 million: Türkiye’s population, per Inveo Kripto chairman Onur Topaç
• Top five: Türkiye’s standing in global crypto adoption, per the same statement
• 700 million+: Moca Network’s claimed addressable user base across partner ecosystems

Inveo Kripto is one piece of a wider Inveo Investment Holding group that runs crypto exchange, investment banking with digital asset custody authorization, SPK-licensed portfolio management, full-service brokerage, and venture capital. That broader stack is what gives the Türkiye play the shape of regulated finance first, Web3 second. The MoU plugs Moca’s identity layer directly into that regulated core.

The SPK License Is the Quiet Centerpiece

In the MoU announcement, the part that does most of the quiet work is the SPK license. Inveo Kripto (formerly Misyon Kripto) is listed on Türkiye’s Capital Markets Board Register of Active Crypto Asset Service Providers. The company sits inside the broader Inveo Investment Holding group, which also includes Misyon Bank (an investment bank with digital asset custody authorization), Inveo Portföy (SPK-licensed portfolio management), Gedik Yatırım (full-service brokerage), and Inveo Ventures. Together the group runs what it describes as a full-stack regulated financial ecosystem covering exchange, investment banking, portfolio management, brokerage, and venture capital. The group says it has pioneered blockchain-based financial products in Türkiye, including the country’s first on-chain digital asset issuance backed by traditional financial instruments.

Ichain Investment Holding is the blockchain-focused investment arm of that same group, and the three-way MoU pairs Moca Network’s identity stack with that full local stack. Topaç framed the partnership as the move that lets Inveo Kripto operate on a truly international scale.

Türkiye is one of the world’s most dynamic digital economies, with a young, tech-savvy population of 86 million, a top-five ranking in global crypto adoption, and a newly established regulatory framework that signals the country is open for business in Web3. Every initiative under this partnership will be deployed in full compliance with the regulations of Türkiye and all relevant jurisdictions.

Onur Topaç is chairman of the board of Inveo Kripto and Ichain Investment Holding.

AIR Kit and Moca Chain: The Stack Underneath the MoU

AIR Kit is the user-facing layer. It is a suite of tools that lets users carry a single verified identity across apps, with reusable or interoperable KYC, loyalty points and rewards, stablecoin payments, and what Moca calls agentic identity for AI-agent use cases. Think of it as a portable KYC and identity wallet that any partner app can plug into.

Moca Chain is the underlying network. It is a modular, chain-agnostic, EVM-compatible Layer 1 blockchain built specifically for identity and data, per the Moca Chain technical explainer. It is designed to let identity protocols and applications issue and verify credentials across chains via what Moca calls an Identity Oracle, with privacy preservation through zero-knowledge proofs and a native zkTLS module that lets protocols onboard private web data without depending on traditional APIs. The network’s native utility and governance token is MOCA Coin, which is required for validator staking, gas fees, credential verification fees, decentralized data storage, and Identity Oracle relaying.

The chain is real but still warming up. Moca Network sunset its separate devnet on 26 March 2026 to consolidate on a single testing environment ahead of mainnet. Schema pricing went live on the testnet the same month, letting issuers set verification fees per credential and earn from every verification, with payments settled on Moca Chain. As of the most recent official communications, the public mainnet launch has not happened; testnet remains the primary testing ground.

That timing matters for the MoU. Anything Inveo Kripto and Moca Network put live in Türkiye in 2026 will, in practice, run on a still-launching Layer 1, with real users on one side and production infrastructure on the other not yet fully aligned.

Moca Network Was Already Inside Türkiye

The MoU is the third Turkish partnership Moca Network has announced. The earlier two, with Oyunfor and Biletinial, give a sense of how AIR Kit deployments land at user scale. Both integrate AIR Kit into consumer platforms that already exist, rather than freshly built crypto-native apps.

Oyunfor is Turkey’s leading digital game-code marketplace, founded in 2006 under MGM Bilgi Teknolojileri A.Ş. Its AIR Kit integration brought credential-based rewards and Web3 onboarding to its 6.2 million-user base per the August 2025 Oyunfor partnership report. Biletinial, the ticketing partnership signed in April 2026, brought AIR Kit into a different kind of consumer flow: identity-backed tickets for concerts, sports, theatre, and festivals across more than 3,000 venues in 63 cities, with proof of attendance, interoperable loyalty, and identity-linked resale built on top.

The Bet, and the Things That Could Break It

The wager Moca Network is making is that regulated entry wins Türkiye and similar markets. Partnerships with locally licensed entities, rather than go-it-alone crypto deployments, are the model the bet is built on. Animoca Brands’ broader ecosystem gives Moca Network the distribution to back the wager. AllScale brings stablecoin rails to Animoca’s 600 portfolio companies, and AIR Kit sits on top of that distribution story.

Three things could undercut the wager. First, Moca Chain’s mainnet has not launched yet, and any Turkish deployment that wants to settle on the chain is, in production terms, waiting on it. Second, the MoU is non-binding; the joint steering committee can scope cooperation but cannot force integration. Third, Türkiye’s regulatory framework is still settling, and any rule change to SPK licensing or KYC obligations could reshape what the partnership is allowed to do.

Topaç said the group will deploy in full compliance with the regulations of Türkiye and all relevant jurisdictions. Shek called Inveo Kripto’s full-stack capabilities and strong local presence the reason the partner is right for Türkiye. The proof of whether the bet pays off will land in two places: a mainnet launch that holds up under real load, and AIR Kit integrations on Turkish platforms that produce measurable verification volume.

Frequently Asked Questions

What is Moca Network?

Moca Network is Animoca Brands’ flagship digital identity project. It describes itself as building the world’s largest chain-agnostic decentralized identity network, with privacy-preserved infrastructure for identity verifications and data interoperability.

What is AIR Kit?

AIR Kit is Moca Network’s modular SDK for verifiable credentials. It enables users to carry a single verified identity across apps, with reusable or interoperable KYC, loyalty points and rewards, stablecoin payments, and agentic identity features. AIR Kit runs on Moca Chain, which the project is building as an identity-native Layer 1 blockchain. Moca Network has already integrated AIR Kit into SK Planet’s OK Cashbag (28 million KYC’d users) in South Korea, Oyunfor in Turkey, and Biletinial in Turkey.

What is Moca Chain?

Moca Chain is a modular, chain-agnostic, EVM-compatible Layer 1 blockchain built specifically for identity and data. It uses zero-knowledge proofs for privacy-preserving verification and a native zkTLS module for onboarding private web data.

Why is Inveo Kripto important to this deal?

Inveo Kripto is listed on Türkiye’s Capital Markets Board (SPK) Register of Active Crypto Asset Service Providers. It sits inside the broader Inveo Investment Holding group, which also includes Misyon Bank, Inveo Portföy, Gedik Yatırım, and Inveo Ventures. The SPK license is the regulatory door that makes compliant crypto and digital banking services in Türkiye possible at the scale Moca Network is targeting.

Has Moca Chain’s mainnet launched?

Not yet. Moca Network sunset its devnet on 26 March 2026 to consolidate on testnet ahead of mainnet. Schema pricing went live on testnet the same month. The most recent official communications describe testnet as the primary testing ground until the public mainnet launch.