The regulatory-driven exchange will now also utilize Solidus Labs for transaction monitoring to provide industry-leading risk monitoring standards to investors.
NEW YORK, NY / ACCESSWIRE / May 17, 2021 / Solidus Labs, a crypto risk monitoring leader, announced today that BlockQuake™, a regulatory-driven digital asset trading platform designed by finance veterans and traders, has expanded the two firm's partnership to include extensive transaction monitoring and account risk profiling.
This, in addition to Solidus Labs' market surveillance capabilities, which BlockQuake is already deploying ahead of its upcoming launch. The combination of Solidus Labs' award-winning crypto-native market surveillance, which helps detect and prevent manipulative trading, and Solidus' account profiling and transaction monitoring capabilities, will enable BlockQuake to offer industry-leading, Wall Street-grade security, safety and compliance, as it responds to high demand for its services from both institutional and retail crypto investors.
BlockQuake will harness Solidus' platform to ensure there are no risk monitoring gaps between its external transaction monitoring and blockchain analytics, which monitors the origins and destination of blockchain and fiat deposits, and transactional account activity within the exchange. Solidus Labs' platform uses machine learning, statistical analysis and crypto-native detection models trained using a proprietary dataset to automate the behavioral-based analysis of account transactional activity. The system also associates transactional patterns, trading behavior and numerous other risk data-points, to construct detailed account risk profiles, alerting on suspicious activity and other anomalies, offering unprecedented actionable insight into risk concentrations. The coverage includes both commonly known concerns, like capital controls and dormant account activity, as well as an array of crypto-specific concerns.
Solidus Labs will also provide a unified case management system, which integrates other risk point solutions like KYC, sanctions, identity verification and others. This allows BlockQuake to manage risk, from onboarding to post-trade and reporting, using a singular platform, cutting costs and improving detection precision.
"With Solidus' regulatory network and industry expertise, BlockQuake can now achieve the compliance and risk monitoring standard we aspire to, without compromising our growth," said Antonio Brasse, CEO and Co-Founder of BlockQuake. "This partnership allows us to offer both retail and institutional investors and regulators the market integrity assurances and healthy price discovery they expect-and deserve-when investing in crypto."
"BlockQuake's commitment to market integrity and regulation has been inspiring from the get go, and we're delighted that our solutions can further support their mission," said Asaf Meir, Solidus Labs' chief Executive. "Crypto has exposed many new concerns when it comes to financial risk monitoring. One of the keys to addressing them is unifying compliance data in order to detect risk with more precision, in real time. By adding Solidus' transaction monitoring capabilities to their suite, as well as integrating blockchain analytics and other point solutions into our unified case management hub, BlockQuake will be able to do just that, with unprecedented efficiency."
About BlockQuake
New York City FinTech startup BlockQuake is a regulatory-driven, one-stop-shop digital asset trading platform that will support 6 fiat currencies (USD, CAD, GBP, EUR, JPY, AUD), as well as major cryptocurrencies and stablecoins (e.g. BTC, BCH, ETH, LTC, LINK, XLM, ETC, USDT, USDC), representing over 90% of the existing markets. Created by a team with over 100 years of collective experience in blue-chip financial services, the BlockQuake Exchange aims to be an industry-standard in global compliance.
About Solidus Labs
Solidus Labs is a team of finance veterans on a mission to enable safe and regulated crypto markets through tailored compliance and risk monitoring solutions. The firm offers the first crypto-native, comprehensive, automated and testable market surveillance and risk monitoring hub tailored for digital assets. Crypto businesses globally rely on Solidus' solutions in order to apply for licensing, attract institutional investors, protect their users and grow faster - and safer.
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SOURCE: Solidus Labs
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https://www.accesswire.com/647735/BlockQuake-Expands-Partnership-with-Solidus-Labs-to-Provide-End-to-End-Wall-Street-grade-Crypto-Risk-Monitoring
