Elliptic – which claims to be the global leader in cryptoasset risk management – is proud to announce that it has been selected by Current Consulting Group as the trusted blockchain analytics provider to fulfil its crypto compliance requirements.
Current Consulting Group is “an independent risk management consulting firm in Hong Kong specializing in asset tracing, business intelligence, crypto advisory and litigation support.”
The company is currently using Elliptic solutions “to expand its crypto tracing and comprehensive crypto risk management capabilities in a fast-growing and increasingly regulated market.”
By leveraging Elliptic’s wallet intelligence and forensic investigation tools, the team at Current Consulting is able “to trace assets across all major blockchains and assets, in addition to screening crypto wallets in real-time.”
Some of the key benefits of Elliptic’s solutions are “the coverage of 98% of crypto-assets by market capitalization and over 100 billion data points which provide accurate, actionable insights that its customers can rely on to mitigate risk and be compliant.”
Current Consulting Group CEO Björn Wahlström explained:
“Elliptic was the natural choice for us as an asset tracing firm. We found that their asset coverage and in-depth data intelligence provides us with the tools we need to deliver meaningful results to our clients. The tools let us demonstrate how crypto assets are moved around, and it lets us pinpoint risk points and known entities where assets can be tied to real world entities and individuals.”
Yvonne Ng – Elliptic’s Director of Sales, APAC – added:
“Current Consulting was looking for the capability to achieve high-quality asset tracing. Elliptic is pleased that our asset coverage, data quality and ease of use meets their expectations. We are excited to see Current Consulting grow its business in a competitive market with this newly acquired capability.”
Elliptic’s solutions are “built on hundreds of billions of proprietary data points and it has the largest collection of crypto exchange risk profiles.”
Elliptic says it is used by “the largest financial institutions and exchanges globally, helping them not only to meet regulatory requirements, but to achieve unparalleled efficiency gains within compliance.”
As mentioned in the announcement, Current Consulting is “an independent advisory firm, specializing in risk management and operational resilience globally.”
Whether it’s navigating the complex world of cryptocurrency, enabling resilience, or delivering results in asset recovery, the firm is “dedicated to providing clients with the highest level of expertise and support.”
As noted in the update, Elliptic claims it is “the global leader in cryptoasset risk management for crypto businesses, governments, and financial institutions worldwide.”
Recognized as a WEF Technology Pioneer and backed by investors “including J.P. Morgan, Wells Fargo Strategic Capital, SBI Group, and Santander Innoventures,”
Elliptic says it has “assessed risk on transactions worth several trillion dollars, uncovering activities related to money laundering, terrorist fundraising, fraud, and other financial crimes.”
Elliptic is headquartered in London with offices in New York, Singapore, and Tokyo.