Fireblocks and Chainalysis partner to serve Finance and Cryptocurrency businesses

Chainalysis and Fireblocks have partnered to help cryptocurrency businesses and financial entities.

The partnership aims to transfer digital assets in a secure, compliant manner and in line with anti-money laundering (AML) best practices.

Fireblocks customers span from cryptocurrency exchanges, banks, liquidity providers to market makers, custodians, and lending platforms.

Chief Revenue Officer, Chainalysis, Jason Bonds, said, "Both security and compliance are integral to building trust in the cryptocurrency industry. By bundling product offerings with our integration partners through the Chainalysis Partner Program, we are ensuring our customers adhere to security and AML best practices, ultimately making cryptocurrency more accessible for all."

VP, Head of Business Development at Fireblocks, said, "Fireblocks and Chainalysis share the belief that building safe and robust infrastructure for the cryptocurrency ecosystem is critical for institutional adoption"

Fireblocks platform will start leveraging Chainalysis KYT. It will help Fireblocks to monitor real-time cryptocurrency transactions as well as to set new security compliance standards.

Customers can leverage both platforms through Fireblocks API. The final integrated solution will send and receive anti-money laundering (AML) approved funds. The solution will also help generate  AML transaction reports as well as customize transaction policies based on assigned risk scores, notes the announcement.