Elliptic, the global enabler of digital asset decisioning, is pleased to announce the integration of Sei into its comprehensive suite of screening and investigation compliance solutions.
The integration connects blockchains into a unified financial network that is continuously monitored in real time, “making Sei’s blockchain accessible to over 500 financial institutions through the Elliptic product suite.”
Elliptic’s advanced technology streamlines the “onboarding of blockchains like Sei, providing access to AML solutions within just 45 days.”
As more blockchain foundations integrate with Elliptic, the pool of valuable crypto ecosystem data grows—playing “a crucial role in enhancing transparency and security.”
Crypto laundering often involves moving assets “across multiple blockchains, making cross-chain monitoring essential.”
By partnering with Elliptic, foundations can leverage AML solutions “to track cross-chain transactions and proactively identify potential risks in real time.”
Mike McCoy, Director of Infrastructure at Sei Foundation said:
“Elliptic’s integration with Sei removes a significant compliance barrier for financial institutions seeking to leverage Sei’s high-performance blockchain infrastructure. This advancement enables seamless regulatory compliance while accessing Sei’s capabilities.”
Sei is a general-purpose, high-performance blockchain “designed for all kinds of apps, including AI, DeFi, gaming, RWAs.”
Its architecture incorporates “parallel transaction processing, a built-in order matching engine, and exceptionally fast block finality of 390ms.”
This makes Sei ideal for “high-frequency trading and real-time digital exchanges.”
The emergence of purpose-built blockchains like Sei “represents a significant evolution in the crypto ecosystem.”
Instead of designing for general use cases, these specialized chains optimize for specific functions, “resulting in performance improvements that multi-purpose blockchains cannot match.”
However, while specialized chains provide unique advantages for their specific use cases, they also “create a need for compliance tools that can effectively monitor their distinct architectures.”
In response to this need, Elliptic has “expanded its blockchain coverage to include Sei.”
Because of today’s strategic integration, Elliptic’s customers “can now screen Sei wallets and transactions.”
This gives them comprehensive visibility into Sei on-chain activity, as well as the ability to “conduct thorough Compliance Risk Assessments (CRAs) across the Sei ecosystem.”
Lukasz Kujawa, VP of Engineering of Elliptic, said:
“Financial institutions are increasingly eager to use specialized trading blockchains like Sei. By expanding our coverage to include Sei, we have removed a significant barrier to adoption for these institutions. They can now engage with innovative trading platforms while maintaining a robust compliance program.”
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 Sei to Elliptic’s platform underscores the company’s commitment to providing comprehensive “compliance solutions for any organization engaging with digital assets.”