Chainalysis Extends XRP Ledger Support with Automatic Token Support

Chainalysis is happy to announce prolonged assist for XRP Ledger (XRPL), a public blockchain working since 2012. As one of many longest-standing blockchains, XRPL is understood for its high-speed cross-border funds and low-cost transactions. It has processed greater than 3.3 billion transactions throughout 90+ million blocks. Its native token, XRP, persistently ranks among the many high 10 tokens by market capitalization and enjoys robust world neighborhood assist. The community maintains almost 200 validators, with Ripple as a notable contributor.

With this prolonged integration, Chainalysis’ assist goes past the native XRP token, providing automated token assist. This contains supporting new fungible (IOUs) and non-fungible (XLS-20) tokens on the community, in addition to multi-purpose tokens (MPT), much like the well-known ERC-1155 token customary. To date, this enlargement covers greater than 260,000 XRPL tokens supported in Chainalysis and rising every day as new tokens are minted on chain.

Customers can now monitor XRPL tokens by means of Chainalysis KYT (Know Your Transaction) with actionable alerts and steady monitoring. The prolonged assist can also be out there in our entity screening products, in addition to our flagship investigations device, Reactor. This allows clients to trace fund flows throughout XRPL tokens, examine transactions, visualize cash actions, and establish potential illicit exercise.

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