CipherTrace Integrates RSK Blockchain Into Its Cryptocurrency Intelligence Offering, Demonstrating Efficacy in Adding Support for New Tokens

By AIT News Desk On Aug 14, 2020

CipherTrace adds data attribution from the RSK blockchain and RSK Infrastructure Framework (RIF) and all related tokens to its existing 800+ virtual assets traced on behalf of its clients.

Leading cryptocurrency intelligence company CipherTrace adds monitoring and tracing support for the RSK blockchain and RSK Infrastructure Framework (RIF). By integrating the RSK blockchain to its existing cryptocurrency intelligence capabilities, CipherTrace expands upon the existing 800+ virtual assets it traces on behalf of clients ranging from banks, exchanges, ATMs, and OTC desks to hedge funds, custody solutions, payment processors, and financial investigators.

By delivering blockchain analytics support for RSK, CipherTrace also adds monitoring support for all tokens built on the RSK blockchain, both present and future. With RSK, users can run smart contracts on the Bitcoin blockchain, making it a potentially revolutionary project.

Dave Jevans, CEO of CipherTrace, said, “Our integration of RSK demonstrates our company’s ability to efficiently add monitoring support for new blockchains and tokens. This workflow that allows us to support any current and future tokens powered by the base blockchain is what has allowed us to scale quickly to meet the needs of a rapidly growing industry.”

Diego Gutierrez Zaldivar, IOV Labs CEO, the organization behind RSK blockchain and RSK Infrastructure Framework (RIF) said, “The integration of CipherTrace’s AML solution to the RSK Blockchain adds another important building block to the open financial ecosystem that has been steadily growing since last year. Together with the low-cost payment processing, privacy protecting data storage and reputation-based identity protocols, provided by the RSK Infrastructure Framework (RIF), enables the creation of cryptocurrency-based financial services that can meet global financial safety regulations.”