Chainalysis Launches Partnership Program
- CRO Jason Bonds noted that the program is global, welcomes partners from all regions, and aims to build trust in blockchains.
- According to two of the new partners, currently there is a big demand for cryptocurrency investigative software.
The leading blockchain analysis company, Chainalysis, announced the start of a new partnership program, which aims to improve the level of Chainalysis’ compliance and intelligence on both the legal and illegal services that use cryptocurrency for transactions. The firm shared its objective to collaborate with important infrastructure and data providers, as well as distribution partners, with the purpose of widening the monitoring of crypto-related transactions through simpler integrations.
With the new program, Chainalysis continues to work on its long-term target to encourage the safe adoption of cryptocurrencies through mutual trust between the cryptocurrency business, financial institutions, and governments.
The New York-based Chainalysis is backed by Accel Benchmark and provides analysis and data to financial institutions, government departments and exchanges across more than 40 countries. The company aims to make blockchains transparent so that clients can work with cryptocurrencies without any worries.
The perfect partners would be firms that are focused on cryptocurrency investigations, compliance software, core banking infrastructure, crypto-wallet services, or are training specialists for the industry.
Chief Revenue Officer Jason Bonds mentioned Chainalysis’ mission and commented on the new effort:
“Chainalysis is dedicated to building trust in blockchains across both private and public sectors. Our new partnership program will amplify our already extensive reach across jurisdictions where we provide the investigative and compliance technology the cryptocurrency ecosystem needs to fully understand blockchain activity.”
Lacey Wean, Manager of the team at Carahsoft, which is Chainalysis’ Master Government Aggregator, also shared his thoughts on the endeavor:
“Chainalysis is the market leader in blockchain analysis, and we are thrilled to work with our reseller partners to provide greater access to their investigative tools… Our law enforcement end users are increasingly looking for cryptocurrency investigative technology to help in cases with criminal and national security implications.”
Rayson Lim, Chief Financial Officer at the cybersecurity and network performance solutions provider M.Tech, noted:
“In the APAC marketplace, we are noticing increased demand from law enforcement for cryptocurrency investigative software. Our partnership with a top tier company like Chainalysis will help fill this demand.”
The announcement also mentions that in the upcoming weeks Chainalysis will reveal a partner directory, containing detailed information on its collaborators, both technical and service-oriented.
- While there are still two weeks to go, Chainalysis data shows October has already become the biggest month for crypto crime, with $718 million being stolen across 11 hacks.
- 2022 was also close to becoming the most profitable year for crypto criminals, with 125 hacks being responsible for the loss of $3 billion.
Shutterstock
- The Series F round has more than doubled Chainalysis’ valuation since last year, which is not surprising considering it has increased its customer base by 75%.
- The company has claimed that its various tools are now responsible for monitoring around $1 trillion worth of transactions each month.
- Roman Semenov, co-founder of Tornado Cash, explained that the blockade only applies to the platform’s frontend, and not the underlying smart contract.
- The news came only a day after the Treasury Department alleged that North Korean hacker group Lazarus was connected to the $625 million Ronin bridge hack.