Join Our Mailing List
Friday February 03, 2023
Bitcoin (BTC) $23,554.31   Ethereum (ETH) $1,643.99
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Capital Raising

Cryptocurrency compliance company Chainalysis secures $30M Series B

Published by CryptoNinjas.net
02/12/2019
Cryptocurrency compliance company Chainalysis secures $30M Series B

Chainalysis, a provider of cryptocurrency compliance and investigation solutions, announced today it has secured a $30M Series B financing led by Accel. Benchmark also increased its investment in the company after leading its $16M Series A round last April.

The Chainalysis team will use the funding to support product development of new cryptocurrency usage and open an office in London that will act as a hub for its R&D lab and regional expansion.

Accel’s investment was led by Amit Kumar and Philippe Botteri. Botteri will represent Accel on Chainalysis’s board of directors.

Over the past year, the company has launched and deployed its real-time anti-money laundering and compliance software for cryptocurrencies, Chainalysis KYT (Know Your Transaction), and expanded its coverage beyond Bitcoin to include Ethereum, Litecoin, Bitcoin Cash, and stablecoins.

Over 100 financial institutions and cryptocurrency exchanges, including Binance, the world’s largest cryptocurrency exchange, have signed up for Chainalysis KYT to automate the process of screening transactions and monitoring user activity.

The latest round of funding comes on the heels of Chainalysis’s annual report on crypto crime and the launch of KYT for stablecoins – pegged cryptocurrencies designed to decrease volatility and appeal to a broader audience of users – that now has a total market cap of over $3B.

With this solution, firms launching stablecoins will be equipped to monitor every transaction throughout their lifecycle, from issuance to redemption.

Initial clients within stablecoins will include Paxos and TrustToken.

32
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Blockchain data platform Chainalysis introduces ‘Crypto Incident Response Program’

06/22/2022
Blockchain data platform Chainalysis introduces 'Crypto Incident Response Program'

Chainalysis, a blockchain data platform, today announced the launch of the Chainalysis Crypto Incident Response Service, a rapid response solution for organizations that have been targeted by incidents such as a cyber attack, ransomware,...

Read more

Tether blockchain integrates AML compliance solution from Chainalysis

02/12/2020
Tether to integrate AML compliance solution from Chainalysis

Chainalysis, the blockchain analysis company, today announced the integration of its compliance solution for Tether, the largest stablecoin blockchain platform by market capitalization. Chainalysis Know Your Transaction (KYT) for token issuers is a real-time...

Read more

Chainalysis launches real-time alerts for suspicious transactions on 15 cryptocurrencies

08/22/2019
chainalaysis

Chainalysis, a blockchain analysis company, today announced the launch of suspicious cryptocurrency transaction alerts in Chainalysis Know Your Transaction (KYT), the real-time anti-money laundering (AML) compliance solution for monitoring cryptocurrency transactions. It is the...

Read more

Chainalysis partners with Binance to provide solution for crypto AML compliance

10/17/2018
Chainalysis partners with Binance to provide solution for crypto AML compliance

Chainalysis, a provider of cryptocurrency compliance and investigation solutions, today announced the roll-out of its compliance solution with Binance, a top cryptocurrency exchange company, to help address the challenges at the intersection of cryptocurrencies,...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy