Floating Point Group Partners with TRM Labs to Enable Compliant Trading

Floating Point Group (FPG), a cryptocurrency trading platform offering industry-leading trade execution and settlement, announced that it has partnered with TRM Labs, a provider of blockchain intelligence solutions, by integrating TRM Labs' blockchain analytics platform to enable compliant trading across centralized and decentralized liquidity pools.

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FPG noted that the integration with TRM's platform amplifies FPG's efforts to monitor on-chain transactions and apply real-time risk management at the speed required by sophisticated traders. TRM's API provides risk scoring on addresses and transactions based on a customizable set of indicators, including FATF's money laundering predicate offenses. Alerts are catalogued within a case management feature, fostering a streamlined and auditable process for FPG's compliance team as the organization continues to scale.

Regulated cryptocurrency businesses in the U.S. and beyond are increasingly focused on being able to demonstrate adequate processes and procedures for detecting illicit activity within their ecosystems. The technology and data analytics that underpin those risk management processes are a critical component.

"FPG is bringing exciting infrastructure solutions to cryptocurrency trading and fund management, and they recognize that security and safety is a key aspect of the value they bring to customers," said TRM CEO Esteban Castano. "TRM is proud to partner with FPG to enable robust risk management as this landscape continues to evolve."

"Effectively monitoring on-chain transactions across blockchains, VASPs, and DeFi applications is a complex challenge — one that requires real-time, dynamic threat intelligence," said FPG cofounder Van Phu. "We look forward to working with TRM to build a holistic understanding of illicit finance risks."

Fazzaco reported that last month TRM Labs raised $14 million in a Series A funding round​.