Binance Custody Taps TRM Labs to for Institutional Compliance

Binance Custody, an institutional-grade digital asset custody solution, has onboarded risk management tools from TRM Labs, the industry leader in blockchain analytics and intelligence technology.

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The integration enables Binance Custody to ensure its regulatory compliance and risk management program for client holdings through TRM's full-service platform.

"As an institutional custodian, our utmost priority is to provide secure and compliant services that our clients can trust," said Athena Yu, EVP of Binance Custody. "Utilizing TRM's compliance and risk management solutions strengthens our suite of secure custody solutions to help clients safely participate in this rapidly growing digital economy."

The relationship is the latest in a series of steps Binance Custody has taken to mitigate exposure to financial crime risk. Binance Custody uses TRM to screen for high-risk wallets, and monitor and investigate suspicious transactions. TRM's best-in-class asset coverage, risk assessment, and forensics technology ensure that institutions are equipped to manage regulatory and reputational risk related to digital assets.

"As mainstream adoption of digital assets progresses, it is vital that institutions have compliance peace-of-mind when choosing partners such as custody service providers," said TRM co-founder and CEO Esteban Castaño. "By incorporating TRM's suite of compliance and risk mitigation tools, Binance Custody reinforces its ambition to deliver innovative services with trust and safety at the forefront."