DeFinity Markets has announced the integration of Chainalysis, a blockchain data platform, into its institutional digital asset platform. The move is intended to support risk management and compliance measures.
Chris Park, Chief Risk Officer at DeFinity Markets, Source: LinkedIn
Chainalysis provides blockchain analytics and compliance tools to a global customer base, including government agencies, cryptocurrency exchanges and financial institutions in more than 70 countries. The technology supports real-time transaction monitoring and has been used to tackle criminal activity in digital assets.
“We are thrilled to provide cutting-edge compliance solutions to our users operating within the dynamic digital asset marketplace,” said Chris Park, Chief Risk Officer at DeFinity Markets.
“This integration fits seamlessly with our mission to provide transparency and security to our valued institutional customers. With the wealth of expertise that Chainalysis brings, we are ready to strengthen our position as the preeminent platform for institutional Digital Asset traders.”
Chainalysis KYT improves security
Alex Cable, VP Northern EMEA, Chainalysis, Source: LinkedIn
DeFinity Markets has integrated Chainalysis’s KYT (Know Your Transaction) solution to improve transaction monitoring. The platform aims to ensure compliance with regulatory protocols while improving transparency and security for its customers.
According to DeFinity Markets, this development is part of its strategy to build trust within the digital assets sector, with a focus on safe and transparent trading environments for institutional investors.
Alex Cable, VP North EMEA, Chainalysis: “In today’s dynamic cryptocurrency landscape, trust and security are critical. DeFinity Markets is on a mission to uphold high standards in compliance and risk management. By utilizing the inherent transparency of blockchain, they are able to provide a secure and reliable platform for their customers.”
DeFinity Markets works together with Fireblocks
Meanwhile, DeFinity Markets has added Fireblocks to its system. Fireblocks, which provides a secure infrastructure for blockchain applications, will support storage and transactions for specific API clients, as reported by Finance Magnates.
The integration brings together the security features of Fireblocks with the trading and settlement features of DeFinity, with the aim of simplifying trading processes. The collaboration aims to increase security, transparency and efficiency for institutional customers.