Chainalysis is opening new places of work in Tokyo and Singapore that may function hubs for gross sales, professional investigative services, and training, the blockchain evaluation firm introduced on Twitter.
Chainalysis serves as a strategic companion to monetary establishments, governments, and cryptocurrency companies world wide, offering knowledge, software program, and experience on refined cryptocurrency crime and cash laundering ways, strategies, and procedures.
In its latest Geography of Cryptocurrency Report, Chainalysis discovered that East Asia is the world’s largest cryptocurrency market, accounting for 31% of all cryptocurrency transacted between June 2019 and July 2020.
Chainalysis already works with over 60 personal and public sector clients within the Asia-Pacific area, together with 100x Group, the holding construction for BitMEX; Crypto.com; and Algorand. The firm will use the brand new places of work as headquarters for additional regional growth.
“Investing in our services across the Asia-Pacific could not happen at a better time,” stated Jason Bonds, chief income officer of Chainalysis. “Cryptocurrency adoption – stablecoins in particular – is skyrocketing, and regulations are rolling out across the region. Now is the time for cryptocurrency businesses and financial institutions to adopt compliance solutions as regulators and law enforcement focus on this emerging asset class.”
Ulisse Dell’Orto, managing director of the agency’s Asia-Pacific operations, stated, “As cryptocurrency use continues to extend, investigation and compliance options are essential to constructing belief and establishing legitimacy.
“Chainalysis has already had boots on the ground in APAC for some time, and these offices will help us build even closer ties with the cryptocurrency ecosystem here and meet the growing demand for our investigative solutions and training programs.”