DeFinity Markets has announced the integration of
Chainalysis, a blockchain data platform, into its institutional digital asset
platform. The move aims to support risk management and compliance measures.
Chainalysis Expands Global Compliance Reach
Chainalysis provides blockchain analytics and compliance
tools to a global clientele, including government agencies, cryptocurrency
exchanges, and financial institutions in over 70 countries. Its technology
supports real-time transaction monitoring and has been used to address criminal
activities in the digital asset space.
“We are
thrilled to bring cutting-edge compliance solutions to our users operating
within the dynamic digital asset market,” Chris Park, Chief Risk Officer at DeFinity Markets,
remarked.
“This
integration seamlessly aligns with our mission to provide transparency and
security to our esteemed institutional clients. With the wealth of expertise
that Chainalysis brings to the table, we are poised to strengthen our position
as the preeminent venue for institutional Digital Asset traders.”
Chainalysis KYT Enhances Security
DeFinity Markets has integrated Chainalysis’ KYT (Know Your
Transaction) solution to improve transaction monitoring. The platform aims to
ensure adherence to regulatory protocols while enhancing transparency and
security for its clients.
According to DeFinity Markets, this development is part of its
strategy to build trust within the digital asset sector, focusing on secure and
transparent trading environments for institutional investors.
Alex Cable, VP
North EMEA, Chainalysis:
“In today’s dynamic cryptocurrency landscape, trust and security are
paramount. DeFinity Markets is on a mission to uphold high standards of
compliance and risk management. By leveraging blockchain’s inherent
transparency, they are able to provide a secure and reliable platform for their
clients.”
DeFinity Markets Partners with Fireblocks
Meanwhile, DeFinity
Markets has added Fireblocks to its system. Fireblocks, which provides
secure infrastructure for blockchain applications, will support storage and
transactions for specific API clients, as reported by Finance Magnates.
The integration brings together Fireblocks‘ security
features with DeFinity’s trading and settlement functions, aiming to simplify
trading processes. The collaboration seeks to enhance security, transparency,
and efficiency for institutional clients.
This article was written by Tareq Sikder at www.financemagnates.com.
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