Singapore/Hong Kong, 15 December 2020 – Elliptic has gained within the RegTech class for Blockchain within the third Regulation Asia Awards for Excellence 2020 in a web-based ceremony on 15 December 2020.
Elliptic is a blockchain analytics supplier that seeks to deal with AML/CFT compliance within the cryptoasset sector. Its Navigator answer has tracing capabilities and configurable danger guidelines that carry a constant and correct understanding of the supply and vacation spot of funds for over 100 cryptoassets, representing 97 % of the market by buying and selling quantity, the broadest protection of any blockchain analytics supplier.
Elliptic serves over 100 prospects in 28 nations, together with a number of the largest cryptoasset exchanges and buying and selling platforms, and screens over USD 4 billion in cryptoasset transactions month-to-month, making a danger rating for each transaction. Its multi-asset blockchain knowledge, protecting thousands and thousands of addresses, is underpinned by strong knowledge assortment and validation methodologies which can be persistently uncovering new forms of illicit exercise.
“Elliptic seems to have created a brand new AML monitoring customary for cryptoassets, which over time promotes transparency, accountability and investor confidence within the sector,” mentioned one choose on the awards panel. “It has a well-established instrument and has signed on a number of the largest cryptoasset gamers as shoppers. A frontrunner in its discipline, clearly.”
Concerning the Regulation Asia Awards for Excellence 2020
The Regulation Asia Awards for Excellence recognises monetary establishments, know-how firms, authorized and consulting corporations, exchanges and different gamers which have helped meet the challenges of the ever-changing and more and more complicated regulatory panorama in Asia Pacific. Annually, submissions are diligently evaluated and award winners chosen by a panel of business consultants serving as judges.
The total checklist of award winners is available here.
About Regulation Asia
Regulation Asia is the main supply for actionable regulatory intelligence for Asia Pacific markets. With over 8,500 subscribers, together with regulatory our bodies, exchanges, banks, asset managers and repair suppliers, Regulation Asia performs a key function in shaping the regulatory agenda.