Deloitte and Chainalysis team up to bolster digital asset compliance for clients

James has a passion for how technologies influence business and has several Mobile World Congress events under his belt. James has interviewed a variety of leading figures in his career, from former Mafia boss Michael Franzese, to Steve Wozniak, and Jean Michel Jarre. James can be found tweeting at @James_T_Bourne.


Deloitte and blockchain data platform Chainalysis are collaborating to help mutual clients address compliance challenges within their digital asset ecosystems.

The two companies have announced a strategic alliance to meet market demand for risk management technology solutions and services. The partnership will combine Deloitte’s services, which help organisations manage forensic, investigative and compliance programs, with the Chainalysis platform and proprietary blockchain dataset.

There are several key objectives Deloitte and Chainalysis are looking to solve across their customer base around crypto crime analytics and enforcement. These are helping increase speed to target for investigative clients; providing finished intelligence for mission-oriented agencies and organisations; providing broad, holistic cyber investigative capabilities, environments and dashboards ‘powered by leading blockchain intelligence’, as well as helping law enforcement identify the actors behind the keyboard.

As with many such partnerships – think a big cloud vendor training a blue-chip firm’s employees in digital services – there is an ‘inside baseball’ element to this deal. Deloitte will expand its practitioner pool trained and certified in Chainalysis products focused on blockchain analytics and investigations.

Tim Davis, Deloitte advisory blockchain and digital asset practice lead, said the alliance with Chainalysis was ‘another demonstration of Deloitte’s investment in its digital asset innovation ecosystem for the benefit of clients.’ “As digital asset adoption and proliferation continues, Deloitte is committed to advising our clients on leading thinking and approaches to risk management, analytics use, and regulatory compliance,” Davis added.

“For law enforcement agencies, regulators, and financial ecosystem players across the nation, the alliance offers new, collaborative solutions that help identify transformation gaps, accelerate mission success at enterprise scale, and mitigate risk while increasing revenue,” added Thomas Stanley, Chainalysis president and chief revenue officer.

In May, Deloitte was one of several star-studded names to join the Canton Network, an initiative spearheaded by Digital Asset to launch a privacy-enabled interoperable blockchain network designed for institutional assets. The network, whose other members include BNP Paribas, Goldman Sachs and Microsoft, was claimed to be an industry-first.

Want to learn more about blockchain from industry leaders? Check out Blockchain Expo taking place in Amsterdam, California and London.

Explore other upcoming enterprise technology events and webinars powered by TechForge here.

View Comments
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *