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21 Analytics and Merkle Science Announce Partnership

22 Jun, 2021

21 Analytics and Merkle Science Announce Partnership

21 Analytics, the leading virtual assets compliance company focused on data protection and a core contributor to open-source protocols for the Travel Rule, and Merkle Science, a leading provider of blockchain transaction monitoring and intelligence solutions, are happy to announce a partnership to offer virtual asset service providers (VASPs) a joint offering for Travel Rule compliance.

As jurisdictions worldwide begin to implement policies per the Financial Action Task Force’s (FATF) virtual asset guidance, this offering will enhance VASPs’ ability to assess their virtual asset risks integrally and fulfil their local regulatory obligations.

Mriganka Pattnaik, Co-founder and CEO, of Merkle Science says:

We often hear from clients that they need to stay agile and innovative while compliant. Merkle Science’s and 21 Analytics partnership will provide crypto businesses with a comprehensive platform to meet local and global regulations, including the FATF Travel Rule requirements and anti-money laundering obligations, enabling their future growth into new regions and customer segments.

Lucas Betschart, CEO, of 21 Analytics adds:

We’re thrilled to partner with Merkle Science as our goals are similar: to make AML compliance as easy to use, secure, and effective as possible. As a specialist in virtual asset compliance, our Travel Rule software provides VASPs with the simplicity and security of an on-premises solution to make compliance more efficient. Our joint services will provide our clients with a comprehensive solution addressing any jurisdictional considerations globally.

About Merkle Science

Founded in 2018, Merkle Science is the next generation predictive cryptocurrency risk and intelligence platform that helps crypto companies, financial institutions, and government entities detect, investigate, and prevent illegal activities involving cryptocurrencies. Merkle Science’s proprietary Behavioral Rule Engine enables our tools to go beyond blacklists so that compliance teams may fulfill their local Anti-Money Laundering/Counter-Terrorism Financing (AML/CFT) obligations and industry players may stay keep pace with the industry’s increasingly complex illicit activities. Merkle Science envisions a world powered by crypto and is creating the infrastructure necessary to ensure the safe and healthy growth of the cryptocurrency industry as it becomes a key pillar of the $22 trillion financial services ecosystem. We enable businesses to scale and mature so that a full range of individuals, entities, and services may transact with crypto safely.

About 21 Analytics AG

21 Analytics is a leading Swiss software company helping virtual asset service providers (VASPs) comply with regulatory guidelines and requirements such as FATF’s Travel Rule and non-custodian address ownership proof. As a software specialist in virtual asset compliance, 21 Analytics provides one-stop-shop solutions that make compliance simpler and more efficient. The 21 Travel Rule software offers a privacy-respecting on-premises solution that is compatible with multiple protocols and all industry standards.

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