DeFinity Markets has enhanced its institutional digital asset platform by integrating Chainalysis, a leading blockchain data and compliance platform. This strategic partnership aims to bolster compliance measures and improve risk management for institutional clients navigating the digital asset space.
Expanding Compliance Capabilities with Chainalysis
Chainalysis provides advanced blockchain analytics and compliance tools to organizations in over 70 countries, including government agencies, cryptocurrency exchanges, and financial institutions. The platform enables real-time transaction monitoring to detect and mitigate illicit activities in the cryptocurrency sector.
Chris Park, Chief Risk Officer at DeFinity Markets, shared his excitement about the collaboration:
“We are thrilled to bring cutting-edge compliance solutions to our users operating within the dynamic digital asset market. This integration seamlessly aligns with our mission to provide transparency and security to our esteemed institutional clients. With Chainalysis’ expertise, we are poised to solidify our position as the leading venue for institutional digital asset traders.”
Leveraging Chainalysis KYT for Enhanced Security
The integration includes Chainalysis’ Know Your Transaction (KYT) solution, which offers real-time transaction monitoring and compliance checks. This addition enhances DeFinity Markets’ ability to ensure regulatory adherence while providing a secure and transparent trading environment for its institutional clients.
Alex Cable, VP North EMEA at Chainalysis, emphasized the importance of trust and security in the cryptocurrency market:
“In today’s dynamic cryptocurrency landscape, trust and security are paramount. DeFinity Markets’ commitment to high compliance and risk management standards demonstrates their dedication to providing a secure and reliable platform for institutional investors.”
Collaboration with Fireblocks for Secure Transactions
In addition to its partnership with Chainalysis, DeFinity Markets has also integrated Fireblocks, a secure blockchain infrastructure provider. Fireblocks will support digital asset storage and transactions for institutional API clients, further enhancing the platform’s security and efficiency.
The integration with Fireblocks combines its advanced security protocols with DeFinity’s trading and settlement features, streamlining operations for institutional clients. This move underscores DeFinity’s focus on providing a safe, transparent, and efficient trading ecosystem.
By incorporating industry-leading tools from Chainalysis and Fireblocks, DeFinity Markets continues to set new standards for compliance, risk management, and security in the institutional digital asset space.
