Blockchain
CoinList adopts orchestration platform to deliver end-to-end customer onboarding and ongoing monitoring
LexisNexis® RiskNarrative™ will enable CoinList to enhance its entire identity verification, fraud, and anti-money laundering strategies
CoinList is a leading crypto launchpad and trading platform that connects the best new projects in crypto with high quality early adopters of their products. It has a growing global community of more than four million active users.
CoinList was looking for a single solution to automate their entire compliance and onboarding strategy; including multi-jurisdiction KYC/KYB checks, fraud detection and AML screening, coupled with case management across the entire customer lifecycle.
RiskNarrative™ is used by a range of different industry sectors to confidently onboard customers, detect fraud and identify risk, including banks, lenders and crypto asset and gaming providers.
With their customer base rapidly expanding across borders, CoinList needed to navigate a multitude of differing global regulatory requirements. They required a solution that would deliver a low-friction customer journey, whilst ensuring compliance with all relevant regulations and providing agility and scalability to enter new markets.
In selecting the RiskNarrative platform, CoinList gains access to a full suite of proven and trusted data and technology. RiskNarrative’s orchestration capabilities will allow the platform to remain compliant whilst onboarding new customers faster and more efficiently, without compromising on risk.
“RiskNarrative has significantly simplified our customer onboarding journey, and they continue to work closely with us to ensure their product is meeting our needs in the ever-changing landscape of regulatory compliance” said Sheynel Smith, Chief Compliance Officer at CoinList. “We look forward to them playing an integral role as our company continues to grow and scale.”
“We are thrilled to support CoinList with their global customer onboarding and wider fraud and financial crime compliance strategy” said Marc Temple, Global Development Director at LexisNexis Risk Solutions. “In an industry where remaining agile to meet multi-jurisdictional and regulatory obligations is key, we believe that together we can deliver a best-in-class, frictionless experience for CoinList’s customers, whilst remaining vigilant and mitigating risk.”
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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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