A professional services firm, Deloitte, and blockchain data platform, Chainalysis, have announced a strategic alliance to assist their clients in dealing with compliance challenges related to digital assets.
Through this partnership, Chainalysis and Deloitte will offer a comprehensive solution to businesses. Clients who use the services of both companies will be able to benefit from Chainalysis’ expertise in gathering and analyzing blockchain data, along with Deloitte’s consulting knowledge.
Thomas Stanley, President and Chief Revenue Officer of Chainalysis, stated, “We’re starting with a focus on regulators, law enforcement, and financial institutions given where they are at in their adoption of this technology and the unique overlap of our customer base.”
This collaboration aims to help clients stay updated with compliance requirements, conduct forensic investigations, and better manage risks associated with digital assets and cryptocurrencies.
Tim Davis, Deloitte’s Advisory Blockchain and Digital Asset practice lead and principal, Deloitte & Touche LLP, said, “As digital asset adoption and proliferation continues, Deloitte is committed to advising our clients on leading thinking and approaches to risk management, analytics use, and regulatory compliance.”
As governments and financial institutions become more involved in the digital asset space, the demand for reliable risk management and compliance solutions has increased.
Through this alliance, Deloitte and Chainalysis aim to meet this demand and provide state-of-the-art tools and services to help their clients navigate the complexities of the digital asset ecosystem.