Elliptic Rolls out New Blockchain Analytics Solution

UK-based Elliptic, global player in crypto asset risk management, has launched a new solution for blockchain analytics, allowing crypto assets to be traced across all blockchains and assets concurrently.

Holistic Screening comes with a new view for crypto compliance and risk management, by allowing businesses to achieve cross-chain compliance eliminating the need for manual multi-asset investigations, and instead providing automated risk insights. 

Dr. Tom Robinson, Co-founder and Chief Scientist at Elliptic acknowledges that the paradigm has shifted. The company has been helping crypto businesses and financial institutions to meet their AML, CTF and sanctions compliance obligations for almost a decade. However the company needs now to accommodate the fact that individual crypto assets and blockchains are no longer isolated systems, and have become part of a larger, interconnected crypto-economy.

New innovations such as decentralized exchanges and cross-chain bridges have removed many of the barriers between assets, allowing the free flow of capital and making crypto more useful and valuable. This also opens new avenues for cross-chain crime.

(Source: The Paypers)