Elliptic has announced its partnership with the Stellar Development Foundation. Launched today, Elliptic’s world-first Stellar Lumen transaction and Stellar wallet screening capabilities will bring further confidence and safety to the Stellar network.
Stellar transaction monitoring system is live today to empower businesses on Stellar network. For those who do not know about Elliptic, the company is leader in cryptocurrency asset risk management solutions for crypto businesses and financial institutions worldwide.
Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation said,
“Elliptic sets the global standard in preventing, detecting and actively pursuing criminal activity in this emerging industry. Combining their services with the built-in compliance functionality of the Stellar network, we are empowering crypto businesses and financial institutions with stronger tools to manage risk and operate with transparency and accountability.”
Simone Maini, CEO of Elliptic said,
“This partnership will help businesses fulfil their compliance needs when building on top of this powerful network. As regulations mature, it will become increasingly important for crypto-asset issuers and platform developers to enable their users to stay compliant if adoption is to grow. The Stellar Development Foundation has been ahead of the curve in working with Elliptic on this. ”