Hong Kong-based Crypto.com announced on Friday that Crypto.com Chain, which is set to launch on March 25th, is now teaming up with blockchain analysis company, Chainalysis. According to Crypto.com, the collaboration will use the security of the Crypto.org network, along with Chainalysis’ compliance and risk management software.
“Chainalysis will support the integration of the CRO token on Crypto.org Chain, providing real-time and on-chain monitoring solutions. In particular, Chainalysis KYT (Know Your Transaction) software combines industry-leading blockchain intelligence, an easy-to-use interface, and a real-time API to reduce manual compliance workflows, further helping cryptocurrency businesses comply with both local and global regulations.”
Crypto.com also revealed that Chainalysis Reactor, the investigations software, will support digital forensics, audit practices, and compliance controls across Crypto.org Chain. Antonio Alvarez, Chief Compliance Officer of Crypto.com, spoke about the partnership by stating:
“Keeping user accounts and assets safe has always been a top priority for Crypto.com. We’re proud to partner with Chainalysis – together we will identify high-risk attack points implementing best practices through improvements in innovative technology.”
Ulisse Dellorto, Managing Director, APAC, at Chainalysis, added:
“Crypto.com is an industry leader in the cryptocurrency space and we’re excited to offer them our compliance and investigative products. Through strategic support, we’ll ensure the company has the tools to grow steadily, safely, and aligned with regulatory guidance.”