Blockchain intelligence platform Chainalysis is looking to expand its footprint in Asia. The company recently partnered with SB C&S and Hitachi.
Promising future in Asia
The blockchain firm sees a promising future in Asia. With new clients like SB C&S and Hitachi, the blockchain crimefighter can eye bigger expansion in the east. While Hitachi is one of the largest system integrators in Japan, SoftBank Group’s SB C&S is onboarding a blockchain solution in its lineup for the first time.
Jason Bonds, chief revenue officer at Chainalysis said,
“We’re looking forward to working with Hitachi and SB C&S and helping the region onboard blockchain technology safely and compliantly.”
Executive director for SB C&S Yohei Honmi said that the demand for advanced compliance solutions is growing and a partnership with Chainalysis will help them in modernizing their solutions.
The firm recently opened two new offices in the Asia Pacific region- Singapore and Tokyo. Its new offices will serve as its hubs for professional investigative services, training, and sales.
A growing list of clients
Chainalysis is constantly growing its list of clients, especially in Asia. The company also signed on with crypto exchanges CoinJar and CoinSpot. Both exchanges claim to have more than one million customers buying, selling, storing, and spending digital assets on their platform. It also partnered with Assembly Payments, a payments service provider.
The Australian fintech platforms are using Chainalysis Kryptos, a solution that focuses on operating a crypto-focused risk data clearinghouse for financial institutions. This solution also helps them in making more informed decisions about the crypto businesses they work with. It also offered a reference directory for related services and provides insights into their on-chain activity.
Chainalysis is preparing for a Series C fundraiser where it would raise another $100 million. The company will be valued at $1 billion. The firm also helped US authorities to seize over $1 billion worth of Bitcoin related to the infamous erstwhile dark website- Silk Road.