Its quarterly CipherTrace Cryptocurrency Anti-Money Laundering Report has become an authoritative industry data source. Big exchanges, banks, regulators and crypto firms utilise CipherTrace to trace transaction flows on public blockchains and comply with regulatory anti-money laundering provisions, thus promoting trust in the cryptocurrency economy. The team at CipherTrace first began tracking illegal activity on Bitcoin in 2011.ĬipherTrace develops cryptocurrency Anti-Money Laundering, cryptocurrency forensics, and blockchain threat intelligence solutions. The firm was founded in 2015 to productise blockchain data analytics through its blockchain intelligence API product. CipherTrace blockchain analytics de-anonymise funds flow by actively collecting millions of data points every week, and then implementing machine learning to its huge data pool to track flows to legitimate entities and also criminal activities. CipherTraceĬipherTrace was one of the world’s first blockchain analytics firms targeted towards protecting financial institutions from virtual asset laundering risks and crypto-related threats.
Elliptical recently came to prominence when it tracked the bitcoin transactions involved in the recent Twitter hack based on on-chain analytics. This information is fused with its core graph data engine to provide instant insights that can drive compliance decisions. Recognised as a World Economic Forum Technology Pioneer and backed by investors including Wells Fargo Strategic Capital, SBI Group, and Santander Innoventures, Elliptic has assessed risk on transactions worth several trillion dollars, uncovering activities related to money laundering, terrorist fundraising, fraud, and other financial crimes.Įlliptic’s dataset draws on an extensive number of both public and privately accessible sources of information in order to identify real-world identities on the Bitcoin blockchain. EllipticĮlliptic is another major analytics company working in crypto-asset risk management solutions for blockchain businesses and financial institutions worldwide. The company’s compliance offerings, Chainalysis KYT (Know Your Transaction) and Chainalysis Kryptos, are now utilised by over 180 organisations across 44 countries including Europol, Square, United Nations Office on Drugs and Crime, Barclays and many more.
Its blockchain data and investigative product, Chainalysis Reactor, gives insights into how and why people move funds across the world on public blockchain networks and has helped increase revenue from new government customers by almost 400%.
Kyt intelligent risk engine series#
In July 2020, Chainalysis announced it raised an added $13M to expand its Series B round to $49M with an investment from Sound Ventures and Ribbit Capital. It provides blockchain data and analysis to government agencies, exchanges, and financial institutions across 40 countries. ChainalysisĬhainalysis is the world’s leading cryptocurrency and blockchain data analytics and transaction monitoring solutions company. In this article, we list down the leading companies that provide institutional-grade data collection and processing systems of blockchain data across exchanges, assets, markets for analytics queries.
These companies can analyse public blockchain transactions using traditional data analytics strategies and try to track transactional data for insights. Your newsletter subscriptions are subject to AIM Privacy Policy and Terms and Conditions.
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