Definity Integrates with Chainalysis

After a period of onboarding custodians, Definity Markets has focused its attention on risk management and compliance capabilities by integrating with blockchain data platform Chainalysis.

Describing the move as a “pivotal moment” for the business, Definity says Chainalysis has a diverse clientele spanning government agencies, cryptocurrency exchanges, financial institutions, insurance providers, and cybersecurity firms across more than 70 countries, and has been instrumental in solving high-profile criminal cases and enhancing secure consumer access to digital assets.

Definity Markets has integrated Chainalysis’ KYT platform, a transaction monitoring solution to “bolster transparency and fortify security”, so its clients can monitor and assess digital assets transactions in real-time to ensure strict adherence to regulatory protocols.