Chainalysis Is Looking For New Partners To Expand

If you are following our latest blockchain news, you have probably seen the name Chainalysis pop up often. According to new rumors, the New York based blockchain analytics firm Chainalysis is looking for new partners in a new program aimed to expand the firm’s operations.

The intelligence firm apparently wants to broaden its capabilities. As one of the leaders in this industry, Chainalysis is looking for new partners that will join in and expand the investigative tools that enable firms, governments and law enforcement agencies to monitor the blockchain transactions and track all the suspected illicit activities.

The chief revenue officer at Chainalysis, Jason Bonds, spoke recently and explained that the program would be dedicated to collaborations with several categories of partners. The first of them would be the key crypto infrastructure providers, which would help Chainalysis and the wider industry to “broaden cryptocurrency transaction monitoring via simpler integrations.”

As the new reports show, Chainalysis is looking for partnerships with firms specializing in compliance in order to integrate their offerings for clients. Aside from that, the firm is seeking new distribution partners, too – two of them have recently been identified. As Bonds said, the partnership program “is global and we already have partners in the Americas, EMEA, and APAC.”

Chainalysis is looking for partners in the cryptonews, and wants to broaden its own intelligence capabilities by partnering with data providers. These could include specialists in ransomware, bolstering the labelling of suspect addresses. M.Tech’s chief financial officer Rayson Lim recently stated:

“In the APAC marketplace, we are noticing increased demand from law enforcement for cryptocurrency investigative software. Our partnership with a top tier company like Chainalysis will help fill this demand.”

As the reports show, further information on the program including a partner directory will be made publicly available in the weeks to come. Alongside its work on blockchain intelligence, Chainalysis is conducting regular research into the crypto sector as a whole.

Recently, we saw the firm publishing its results of the analysis of changing Bitcoin (BTC) consumer habits during the COVID-19 pandemic and the global economic downturn. In a webinar last month, they also shared data which shows that only 1.1% of the over $1 trillion transactions in 2019 were found to be illicit.