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Chainalysis and BVNK Extend Partnership to Power Compliance in Self-Hosted Digital Asset Payments

Chainalysis, the blockchain information platform, as we speak introduced an extension of its partnership with long-time customer and partner, BVNK, to combine Chainalysis KYT (Know Your Transaction) instantly into BVNK’s new Layer1 platform. This deepening collaboration permits companies utilizing Layer1’s self-hosted funds infrastructure to seamlessly monitor and handle transaction threat, embedding Chainalysis’ industry-leading information instantly into their core operations.

Building on BVNK’s dedication to offering a regulatory-ready and safe framework, this native integration permits prospects to entry Chainalysis’ real-time crypto compliance intelligence from inside the Layer1 dashboard. The answer operates on a ‘Bring Your Own Key’ (BYOK) mannequin, enabling any licensed Chainalysis KYT buyer to immediately activate the options by inputting their API key. This empowers companies to assessment threat scores, monitor addresses, and freeze high-risk transactions with out ever leaving the Layer1 atmosphere, streamlining compliance and lowering operational overhead.

Chainalysis KYT is designed to monitor cryptocurrency transactions in real-time, utilizing superior analytics to detect suspicious exercise and stop fraud. KYT is used globally by main exchanges, regulators, banks, and extra.

BVNK’s Layer1 is a self-hosted, self-custody digital asset funds infrastructure designed for companies. It empowers organizations to construct and handle their very own fee methods with out the complexities of growing from scratch. With Layer1, companies can:

  • Accelerate Development: Eliminate the complexities of constructing in-house blockchain fee methods by offering a ready-made infrastructure.
  • Automate Core Operations: Handle important features like pockets creation, transaction reconciliation, and digital asset administration out of the field.
  • Maintain Control: Offer a self-hosted, self-custody answer, giving companies full management over their funds and infrastructure.
  • Streamline Integrations: Simplify connections with crucial third-party suppliers, now together with Chainalysis for best-in-class compliance.

“We’re thrilled to deepen our partnership with BVNK, a long-time buyer that has at all times prioritized a powerful compliance framework,” stated Alex Cable, Vice President, NEMEA, Chainalysis. “This native KYT integration into their new Layer1 platform is the logical subsequent step in our collaboration. By enabling a ‘Bring Your Own Key’ mannequin, we’re making it extremely easy for our mutual prospects to activate best-in-class threat administration instantly inside their fee infrastructure. This makes it simpler than ever for companies to construct trusted, safe, and compliant fee options.”

For BVNK, compliance is an integral a part of the fee circulation and Chainalysis is a necessary a part of their toolkit. By extending the partnership, they’re ready to provide prospects a seamless, user-friendly approach to handle threat instantly inside their very own infrastructure. This empowers BVNK prospects to meet regulatory expectations with out sacrificing effectivity.

Beyond issuance: Monitor your token ecosystem with Chainalysis Sentinel

For stablecoin issuers and tokenized-asset suppliers constructing on BVNK Layer1, Chainalysis Sentinel extends compliance past main issuance and redemption by offering ecosystem-wide monitoring throughout secondary markets. Sentinel helps issuers monitor how tokens are transacted and held, analyze publicity throughout 35+ threat classes, create rules-based alerts, and — the place acceptable and supported — execute freezing workflows by API to defend customers and keep market integrity. Sentinel integrates with KYT to give issuers an end-to-end compliance technique from issuance and redemption to secondary market exercise.

Learn extra about Sentinel and the way it enhances KYT for token issuers: https://www.chainalysis.com/product/sentinel/ 

How BVNK is scaling compliant operations with Chainalysis 

A very long time buyer and companion, BVNK is scaling compliant digital asset operations with Chainalysis crypto compliance answer — enabling real-time screening of direct and oblique threat throughout jurisdictions and supporting 24/7 stablecoin-enabled funds. “Chainalysis will assist us guarantee compliant, secure cash motion.” — Keith Vander Leest, US General Manager, BVNK

Read the BVNK buyer case examine: https://www.chainalysis.com/customer-stories/bvnk/ 

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This materials is for informational functions solely, and isn’t supposed to present authorized, tax, monetary, or funding recommendation. Recipients ought to seek the advice of their very own advisors earlier than making some of these choices. Chainalysis has no accountability or legal responsibility for any determination made or some other acts or omissions in reference to Recipient’s use of this materials.

Chainalysis doesn’t assure or warrant the accuracy, completeness, timeliness, suitability or validity of the data in this report and is not going to be answerable for any declare attributable to errors, omissions, or different inaccuracies of any a part of such materials.

The publish Chainalysis and BVNK Extend Partnership to Power Compliance in Self-Hosted Digital Asset Payments appeared first on Chainalysis.

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