Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Blockchain

Brandsmiths to provide one-stop-shop solution for cryptoasset recoveries

Published

on

Innovative law firm confirms unique partnerships with leading blockchain investigations firm and technology and realisation specialist.

LONDON – London and Manchester-based law firm Brandsmiths, has created a brand-new service that seeks to radically transform the recovery of cryptoassets, following its landmark case, which confirmed the status of cryptoassets as property, and secured the UK’s first proprietary injunction over cryptocurrency. Combining investigations and asset tracing, litigation, realisation services and technology, the firm now seeks to deliver a one-stop-shop for recovering digital assets like cryptocurrencies and NFTs that is fresh for the market, founded on precedent-setting experience and know-how.

Brandsmiths has partnered with Chainalysis and Asset Reality to bring its solution to market. Chainalysis is the world’s most comprehensive cryptocurrency investigation and transaction monitoring solution. Their platform powers investigation, compliance, and risk management tools which have been used to solve some of the world’s most high- profile cyber criminal cases and grow consumer access to cryptocurrency safely.

Asset Reality joins the partnership, both in its capacity as an investigations advisory specialist and strategic cryptocurrency and complex assets custodian, managing and realising confiscated assets for public and private sector clients. Trusted by government agencies and insolvency practitioners around the world, Asset Reality deals with every category of digital and physical asset managing and recovery, management and sale on a client’s behalf.

Founder of Asset Reality, Aidan Larkin says “Cryptoassets present unique challenges when trying to recover and seize them and having an experienced network of professionals at each key stage of the process is vital. We are delighted to be working with partners who can deliver world class solutions to help victims and creditors recover their funds”.

Advertisement

These services will be combined with Brandsmiths’s unique litigation capability to provide a single access point for clients to trace and regain access their assets.

Founding Partner of Brandsmiths, Adam Morallee comments: “The general perception of crypto assets being harder to trace and recover than traditional currencies simply isn’t true. It’s our job to make that known and provide the solution.”

The need to develop the industry’s most efficient recovery is driven by unprecedented demand. The cost of ransomware is trending upwards at an exponential rate and global costs due to cyber attacks is estimated to reach £16bn this year, an increase from estimated damages of £8.2bn in 2019 and £5.5bn in 2018*.

Since its launch in 2014, Brandsmiths has helped a range of entrepreneurial free-thinkers, particularly leading digital platform businesses, make the most of their creative ideas and their most valuable assets. This new venture aims to protect those clients, and many others like them, helping them exercise their right to recovery in an area known for its opacity and complexity.

Cryptocurrency Expert and Brandsmiths Associate Matt Green concludes “From trading scams and hacks to ransomware and fraud, cybercrime can take many forms. The common misconception is that victims cannot recover cryptoassets because those committing the crimes are anonymous, and victims have to compile a fragmented team of individual experts to get consider their case. This partnership allows us to trace and identify illicit activity, then freeze and recover cryptoassets all under one roof. This simplifies the process and gives clients peace of mind, knowing a single, tried and tested team is pushing in one direction”.

Advertisement

* SOURCE: CYBERSECURITY VENTURES DATA // JAN 2021

— ENDS —

FOR MORE INFORMATION CONTACT
Jamie White at Overture London. T: +44(0)203 817 8383. E: [email protected]

NOTE TO EDITORS //
Founded by ex-Mishcon de Reya Partner Adam Morallee in 2014, Brandsmiths is the law firm for IP-rich businesses. It has developed a reputation for being a vital commercial advisor for entrepreneurial genius, but it is also increasingly recognised as the go-to team for established brands who value fresh thinking and a contemporary attitude. From offices in London and Manchester a dedicated team represent clients in a range of sectors, particularly platforms, ecommerce, sport, technology and FMCG. Clients include Microsoft, BMW, Trivago, Hunter, Mini, Umbro, Puregym, Missguided and a range of tomorrow’s major players. Brandsmiths is increasingly recognised as a leading firm in the creation, exploitation, extension and protection of value, and is naturally more agile and flexible than many of its larger rivals, with a culture and operating structure designed to allow the best and brightest lawyers to excel.

Source: RealWire

Advertisement

RealWire is an award-winning online press release distribution service with over 15 years of experience, and is first choice for many of the UK’s top agency, freelance and in-house PR professionals. RealWire’s service can increase your story’s coverage and improve your online visibility. The UK’s leading innovator in press release distribution, RealWire introduced the Social Media News Release in 2007 and relevance targeting system PRFilter in 2010.

Blockchain

Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

Published

on

bybit-expands-bbsol-yield-opportunities-through-strategic-defi-partnerships
Continue Reading

Blockchain

This Week in Finance News: 11 Stories You Need to See

Published

on

this-week-in-finance-news:-11-stories-you-need-to-see

 

With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

Advertisement

Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

Continue Reading

Blockchain

Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

Published

on

fintech-as-a-service-market:-a-comprehensive-trends-analysis-predicts-a-usd-1,32912-billion-by-2032-cagr:-17.4%-|-pmr
Continue Reading
Advertisement
 title=
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE