Babel Finance Strengthens Regulatory Compliance With Chainalysis Partnership

Recognizing the growing regulatory scrutiny focusing on cryptocurrency companies, this partnership will help Babel Finance stay ahead of the curve and instill a compliance-first mindset, setting the standard for the industry

(Dec. 23/Singapore) Babel Finance today announced its partnership with Chainalysis, the blockchain data platform. Focusing on upgrading its regulatory compliance strategies, Babel Finance will employ Chainalysis’ KYT (Know Your Transaction) and Reactor products to boost its risk controls and management, and improve compliance with local and global regulations, serving institutional and high-net-worth investors globally.

Partnership Goals

This partnership aims to upgrade Babel Finance’s capacity to safeguard clients’ interests and investments, and to comply with Anti-Money Laundering regulations. Chainalysis’s KYT and Reactor services are vital tools to achieve these goals.

“Babel Finance is leading the adoption of cryptocurrency and providing vital services to people around the globe,” said Ulisse Dell’Ortto, managing director of APAC for Chainalysis. “We’re excited to provide our cutting edge solutions to their team as they experience a period of exponential growth.”

Chainalysis KYT is a real-time transaction monitoring solution providing alerts to compliance teams customized to their specific risk appetite. This product will help Babel Finance to reduce manual workflows, stay compliant with local and global regulations, and safely interact with emerging technologies such as DeFi. Chainalysis Reactor is an investigation tool that connects cryptocurrency transactions to real-world entities, allowing investigators to examine both criminal and legitimate activities.

Why It Matters

Recognizing the growing regulatory scrutiny focusing on cryptocurrency companies, this partnership will help Babel Finance stay ahead of the curve and instill a compliance-first mindset, setting the standard for the industry.

Babel Finance is proactively engaging with regulators in relevant markets, as the company strives to open more doors for institutional and high-net-worth investors seeking to diversify their portfolios with crypto assets.

About Babel Finance

Babel Finance is a global leading crypto financial services provider specializing in serving institutional investors and high-net-worth individuals in crypto lending, crypto asset management, and prime brokerage services. The company is backed by prominent investors including Sequoia Capital China, Tiger Global Management, BAI Capital, Zoo Capital, Dragonfly Capital, and NGC Ventures. The firm’s mission is to build a gateway connecting traditional and crypto finance.

For more information, visit www.babel.finance.

About Chainalysis

Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 60 countries. Our data powers investigation, compliance, and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases and grow consumer access to cryptocurrency safely. Backed by Accel, Addition, Benchmark, Coatue, Paradigm, Ribbit, and other leading firms in venture capital, Chainalysis builds trust in blockchains to promote more financial freedom with less risk.

For more information, visit www.chainalysis.com.