Blockchain
AnChain.AI Raises $10 Million and Wins SEC Contract to Monitor Crypto and Digital Assets
AnChain.AI, a blockchain security company that specializes in AI-powered platforms, today announced that it raised a $10 Million funding round led by SIG Asia Investments, LLLP, an affiliate of Susquehanna International Group (SIG) in an oversubscribed Series A. Fin VC, Nima Capital, Hard Yaka and Amino Capital also participated in the round.
AnChain.AI also announced today that it has been awarded the multi-year SEC contract to provide a platform for deep analysis and tracing on smart contracts to support the SECs ongoing efforts to monitor risk, improve compliance and inform commission policy on digital assets and cryptocurrencies.
Founded in 2018 by CEO Dr. Victor Fang and COO Ben Wu, AnChain.AI provides blockchain security and regulatory compliance solutions to secure leading crypto exchanges, protocols, and DeFi worldwide for $81 Billion in daily transaction volume. It serves clients in over 10 countries across the financial and enterprise industry, blockchain Virtual Asset Service Providers (VASP), public sector companies and governments.
Its technology establishes transparency, trust, and legitimacy to allow all stakeholders to interact confidently and securely with the developing digital economy and the next iteration of global technological infrastructure. The AnChain.AI platform proactively protects crypto assets by providing proprietary AI, knowledge graphs, threat intelligence and data analytics on blockchain transactions, and in-depth cryptocurrency transaction monitoring on a wide variety of public and private chains.
“This year’s cryptocurrency boom is merely the preamble to a new wave of necessary regulatory effort, and a complete revamp of the industry’s approach to compliance, as VASPs, financial institutions, and regulatory bodies seek solutions to a new era of virtual asset risk,” said Dr. Fang. “We are building the most secure and compliant infrastructure for digital assets and have expanded our coverage across dozens of emerging blockchains and cryptocurrencies including NFT, DeFi, and stable coins to become the leading blockchain forensics and entity intelligence provider globally.”
With the market exceeding $1 Trillion in 2021, and a looming billion-dollar crypto AML problem, demand for revamped regulatory frameworks and technologies have never been more critical. AnChain.AI’s machine learning powered forensic capabilities, which detected the first Blockchain APT (BAPT) hack in history, is now helping international law enforcement and emerging government regulatory efforts with both preventive screening, as well as post-incident investigation.
Speaking on the announcement Ye Li, Investment Manager at SIG said, “AnChain.AI has made great progress in developing its market-leading crypto security technology to meet its customers’ broad demand in regulatory compliance and transaction intelligence.”
The past year has seen a 400% growth in revenue for AnChain.AI and its solutions now capture over 98.5% of the cryptocurrency market share, securing billions of dollars in daily transactions across many of the major exchanges by delivering real-time alerts and detect the precursors of criminal activity well before conventional forms of identification.
Managing General Partner and Founder of Fin VC, Logan Allin, said, “we are at an inflection point, and a crossing the chasm moment, as it relates to institutional and government adoption of digital assets. The only way to bridge that gap is through robust solutions like AnChain.AI. We look forward to bringing these capabilities to the Financial Services and FinTech industries and continue to safely and securely democratize access to these innovative technologies and asset classes.”
AnChain.AI will use the capital to accelerate product development and recruitment across research and development, engineering, customer success and sales.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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