Blockchain Analysis Firm Chainalysis Looks to Expand Its Network With Partnership Program

Chainalysis, one of the prominent blockchain analytics firm is looking for new partners to expand its reach in the decentralized space. The firm has launched a major partnership program in order to expand its operational base and also enhance its intelligence capabilities.

Chainalysis has made a name for itself through its various investigating and monitoring tools which have been utilized by government agencies and private firms alike. Chainalysis tools are majorly used to monitor the movement of funds and transaction to trace whether the transaction is being done for illicit activities.

In the recent past, Chainalysis has partnered with major crypto exchanges and blockchain firms, especially after major countries, have taken a stricter regulatory stance. The firm has also published several important research pieces be it the movement of stolen funds from major crypto exchanges or movement of funds from scam associated wallets.

The Goal Behind Recently Announced Partnership Program

Jason Bonds, the chief revenue officer at Chainalysis explained that the new program is aimed at several categories of collaboration with different types of firms and institutions. The key areas of focus would include collaboration with compliance firms with whom their investigative tools can be easily integrated. These firms would cover the base expanding the use of Chainalysis tools.

The second major focus would be on the distribution partners which include several existing markets where Chainalysis is active and also newer domains to expand the reach. Bond also identified two key distributors in the form of Carahsoft, an IT service provider who is working with the federal as well as state institutions in the US, and M.Tech, a Singapore-based cybersecurity firm currently active in the Asia Pacific region.

Rayson Lim, the chief financial officer at M.Tech noted the importance of such partnership programs and how the demand for such blockchain monitoring tools. He said,

“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 third key factor for Chainalysis would be to expand its own intelligence capabilities and refine their data to ensure better results. In order to do that, they are looking to collaborate with data providers in the area of ransomware which has been the biggest nuisance in the decentralized space.

Chainalysis promises to reveal every detail of the partnership program and plans to create a partner directory which would be publicly available to make sure every aspect of its program is transparent.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Rebecca Asseh
Rebecca Asseh
Rebecca Asseh is a blockchain and cryptocurrency journalist fascinated with sharing the knowledge of this technology in the simplest language possible.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

DeFi App Aave Creates First Credit Delegation Loan to DeversiFi Decentralized Exchange

DeFi lending platform, Aave completes its first-ever ‘credit delegation’ as DeversiFi borrows over $230,000 without posting collateral. The service agreement was signed on...

Bitcoin Futures Trading at a High Premium; Already Hitting $12,000 on CME

Bitcoin has yet again gained momentum, with people expecting for $12k to hit soon. According to analyst Mati Greenspan, for a sustainable rally, a...

Polkadot (DOT) Launches The First Parachain Implementation Testnet, Rococo

Polkadot introduces parachain functionality with Rococo testnet, a Proof of Authority (PoA) network, allowing users to send direct messages to the Relay Chain and...

Bitcoin Self-Custody Provider Casa Now Allows Users to Buy BTC via Apple Pay

Bitcoin self custody service provider, Casa now allows its customers to buy and hold their own bitcoin. Selling BTC is not supported yet. According...

Four Top Chinese State-Owned Banks Are Testing The Chinese Digital Yuan Project (DCEP)

In an unconfirmed report, four Chinese state-owned banks are gradually testing the ‘digital renminbi’ wallet app and Digital Currency/Electronic Payment (DCEP) system in different...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today