Elliptic Wins RegTech Award for Blockchain Analytics Solution

Singapore/Hong Kong, 15 December 2020 – Elliptic has won in the RegTech category for Blockchain in the 3rd Regulation Asia Awards for Excellence 2020 in an online ceremony on 15 December 2020.

Elliptic is a blockchain analytics provider that seeks to address AML/CFT compliance in the cryptoasset sector. Its Navigator solution has tracing capabilities and configurable risk rules that bring a consistent and accurate understanding of the source and destination of funds for over 100 cryptoassets, representing 97 percent of the market by trading volume, the broadest coverage of any blockchain analytics provider.

Elliptic serves over 100 customers in 28 countries, including some of the largest cryptoasset exchanges and trading platforms, and monitors over USD 4 billion in cryptoasset transactions monthly, creating a risk score for every transaction. Its multi-asset blockchain data, covering millions of addresses, is underpinned by robust data collection and validation methodologies that are consistently uncovering new types of illicit activity.

“Elliptic appears to have created a new AML monitoring standard for cryptoassets, which over time promotes transparency, accountability and investor confidence in the sector,” said one judge on the awards panel. “It has a well-established tool and has signed on some of the largest cryptoasset players as clients. A leader in its field, clearly.”

About the Regulation Asia Awards for Excellence 2020

The Regulation Asia Awards for Excellence recognises financial institutions, technology companies, legal and consulting firms, exchanges and other players that have helped meet the challenges of the ever-changing and increasingly complex regulatory landscape in Asia Pacific. Each year, submissions are diligently evaluated and award winners selected by a panel of industry experts serving as judges.

The full list of award winners is available here.

About Regulation Asia

Regulation Asia is the leading source for actionable regulatory intelligence for Asia Pacific markets. With over 8,500 subscribers, including regulatory bodies, exchanges, banks, asset managers and service providers, Regulation Asia plays a key role in shaping the regulatory agenda.

Visit www.regulationasia.com or connect via LinkedIn or Twitter.

 

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