Crypto.org Chain Partners With Chainalysis
- Chainalysis will provide real-time and on-chain monitoring for the CRO ecosystem.
- The partnership is set to improve security on the Crypto.org chain.
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According to Crypto.com’s announcement, Chainalysis will support the integration of the CRO token on Crypto.org Chain ahead of its 25 March mainnet launch. The Chainalysis KYC (Know Your Transaction) software will provide real-time and on-chain monitoring solutions for the token.
Chainalysis Reactor, the company’s investigations software, will also support digital forensics, audit practices, and compliance controls across the Crypto.org Chain. The reactor will enable investigators to dig deeper into suspicious activity in the CRO ecosystem, the company said.
Antonio Alvarez, the chief compliance officer at Crypto.com, said the partnership will enable the companies to identify high-risk attack points by implementing the best security practices on the market.
“Through strategic support, we’ll ensure the company has the tools to grow steadily, safely, and aligned with regulatory guidance,” said Ulisse Dellorto, Chainalysis’ managing director for the APAC region, said in the release.
- Crypto.com has once again expanded its regulatory achievements with the acquisition of a major payment institution license for digital payment token services in Singapore.
- The license, for which the company received an in-principle approval last June, enables the exchange to provide a greater range of payment services in Singapore.
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- Crypto.com CEO Kris Marszalek addressed customer concerns during a live AMA session today, claiming that the exchange had a strong balance sheet.
- He also clarified that Crypto.com had sent $1 billion in stablecoins to FTX over a the past year to fulfill order liquidity, and that it had only $10 million exposure to FTX when it fell.
- Part of the investment will support the establishment of a new Crypto.com European headquarters in the capital city of Paris.
- Funds will also be alocated to hire new talent in the region, and advance the exchange’s brand presence in Europe through customer engagement and education.