AnChain.AI, the leader in Web3 digital asset security, investigations, and AML compliance announced its strategic collaboration with the Provenance Blockchain Foundation. Part of the collaboration is an integration with Provenance Blockchain, which aims to enhance the security and risk management capabilities, supporting developers, enterprises, and financial institutions building a more secure and robust environment for digital financial asset use cases.
As financial institutions around the world enter the Web3 space, the demand for bank-grade security has never been more urgent. By integrating with Provenance Blockchain, AnChain.AI aims to deliver advanced AI-powered Web3 risk management, security, and anti-money laundering (AML)/compliance solutions, providing the ecosystem with the latest technologies to fight financial crime, and ensuring a heightened level of trust and protection for all participants in the Provenance Blockchain community.
“Web3 digital assets are the future of finance, but security and compliance are critical to wider adoption,” said Victor Fang, CEO & Co-founder of AnChain.AI. “Our partnership with the Provenance Blockchain Foundation aligns perfectly with our mission to provide the industry’s leading Web3 security solutions. Together, we will enable a safer and more resilient Web3 financial ecosystem.”
AnChain.AI’s groundbreaking Blockchain Ecosystem Intelligence (BEI) and Compliance, Investigation, Security Operations (CISO) tools, will empower developers building on the Provenance Blockchain to prioritize security and customer safety from the earliest stages of development. This integration will bolster the security posture of institutions and enterprises using the Provenance Blockchain for their core financial services products and experiences.
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“We’re excited to welcome AnChain.AI to the Provenance Blockchain ecosystem. Compliance and monitoring of digital and blockchain activity is a fundamental component of managing a digital-native financial asset,” said Joshua Maddox, Head of Developer Ecosystem for the Provenance Blockchain Foundation. “A recognized and leading solution, AnChain.AI offers bank-grade advanced risk management, security and compliance tools important to regulated financial institutions operating on blockchain, and now those tools are available to financial institutions and fintechs operating and managing assets on Provenance Blockchain.”
Provenance Blockchain is a leading blockchain, purpose-built to support financial service use cases. Built in the Cosmos ecosystem, the open-source blockchain has over $8 billion in real-world asset locked value on-chain, has supported over $12 billion in transactions, and is leveraged by more than 60 leading financial institutions across banking and payments, private equity, capital markets, lending, and asset management.
AnChain.AI’s proven expertise in AI-powered digital asset risk assessment and early detection of suspicious activity has won the trust of leading government agencies, financial institutions, and enterprises worldwide, including the world’s most influential regulators. This integration with the Provenance Blockchain marks another milestone in AnChain.AI‘s mission to create a more secure and sustainable Web3 ecosystem.
SOURCE: PRNewswire