Elliptic, the global firm focused on digital asset decisioning, announced its 50th blockchain integration with the addition of Codex to its comprehensive suite of screening and investigation compliance solutions.
This integration seamlessly connects Codex’s stablecoin-focused blockchain network with Elliptic’s unified financial monitoring system, making Codex’s blockchain accessible to “over 500 financial institutions through the Elliptic product suite.”
Because the most ubiquitous way to launder crypto is by moving it over multiple blockchains and assets, integrating with Elliptic allows Codex to monitor “more cross-chain transactions to their network, enabling them to detect and respond to potential risks easily.”
Codex is a blockchain specifically optimized for stablecoin finance. It has connectivity with ramps globally, “enabling instant (T+0) cross-border business transactions.”
Its architecture simplifies the complex stablecoin ecosystem and addresses the pain points that have “historically made stablecoins difficult to use despite their potential for instant global transfers.”
The integration allows Elliptic’s customers to screen Codex wallets and transactions, giving them “comprehensive visibility into Codex on-chain activity, as well as the ability to conduct thorough Compliance Risk Assessments (CRAs) across the Codex ecosystem.”
As more blockchain foundations integrate with Elliptic, the pool of valuable crypto ecosystem data grows, which in turn “improves transparency and security across the digital asset landscape.”
Lukasz Kujawa, head of engineering at Elliptic said:
“Reaching our 50th blockchain integration with Codex marks a significant milestone in our mission to push for secure and compliant digital asset adoption. Stablecoins represent one of the most promising use cases for blockchain technology in cross-border finance, but their adoption has been hindered by usability challenges and compliance concerns. By integrating Codex’s innovative solution with our compliance infrastructure, we’re removing these barriers and empowering financial institutions to use stablecoins for faster, more efficient global transactions.”
With a global network of over 500 financial institutions, cryptocurrency exchanges, and regulatory agencies, Elliptic is the partner “for institutions engaging with digital assets.”
The addition of Codex to Elliptic’s platform underscores the company’s commitment to providing comprehensive “compliance solutions for organizations across the digital asset ecosystem.”
