Chainalysis, the blockchain knowledge platform, right this moment 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 danger, embedding Chainalysis’ industry-leading knowledge instantly into their core operations.
Constructing 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 ‘Deliver Your Personal Key’ (BYOK) mannequin, enabling any licensed Chainalysis KYT buyer to immediately activate the options by inputting their API key. This empowers companies to evaluate danger scores, monitor addresses, and freeze high-risk transactions with out ever leaving the Layer1 surroundings, streamlining compliance and decreasing operational overhead.
Chainalysis KYT is designed to observe 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 cost techniques with out the complexities of growing from scratch. With Layer1, companies can:
- Speed up Improvement: Remove the complexities of constructing in-house blockchain cost techniques by offering a ready-made infrastructure.
- Automate Core Operations: Deal with important features like pockets creation, transaction reconciliation, and digital asset administration out of the field.
- Keep Management: Supply 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 all the time prioritized a powerful compliance framework,” mentioned 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 ‘Deliver Your Personal Key’ mannequin, we’re making it extremely easy for our mutual prospects to activate best-in-class danger administration instantly inside their cost infrastructure. This makes it simpler than ever for companies to construct trusted, safe, and compliant cost options.”
For BVNK, compliance is an integral a part of the cost circulation and Chainalysis is a vital a part of their toolkit. By extending the partnership, they’re capable of provide prospects a seamless, user-friendly strategy to handle danger instantly inside their very own infrastructure. This empowers BVNK prospects to fulfill regulatory expectations with out sacrificing effectivity.
Past 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 observe how tokens are transacted and held, analyze publicity throughout 35+ danger classes, create rules-based alerts, and — the place applicable and supported — execute freezing workflows by means of API to guard customers and preserve market integrity. Sentinel integrates with KYT to provide issuers an end-to-end compliance technique from issuance and redemption to secondary market exercise.
Be taught 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 associate, BVNK is scaling compliant digital asset operations with Chainalysis crypto compliance answer — enabling real-time screening of direct and oblique danger throughout jurisdictions and supporting 24/7 stablecoin-enabled funds. “Chainalysis will assist us guarantee compliant, secure cash motion.” — Keith Vander Leest, US Common Supervisor, BVNK
Learn the BVNK buyer case examine: https://www.chainalysis.com/customer-stories/bvnk/
This web site comprises hyperlinks to third-party websites that aren’t beneath the management of Chainalysis, Inc. or its associates (collectively “Chainalysis”). Entry to such info doesn’t indicate affiliation with, endorsement of, approval of, or suggestion by Chainalysis of the positioning or its operators, and Chainalysis isn’t chargeable for the merchandise, companies, or different content material hosted therein.
This materials is for informational functions solely, and isn’t supposed to supply authorized, tax, monetary, or funding recommendation. Recipients ought to seek the advice of their very own advisors earlier than making most of these choices. Chainalysis has no accountability or legal responsibility for any resolution made or every 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 on this report and won’t be chargeable for any declare attributable to errors, omissions, or different inaccuracies of any a part of such materials.
