Elliptic Integrates MANTRA Blockchain into Compliance Solutions
Analytics firm Elliptic has recently announced the integration of Layer 1 blockchain MANTRA into its suite of compliance verification and investigation solutions. This integration allows for the unification of multiple blockchains into a single financial network that can be monitored in real-time. With this development, the MANTRA blockchain is now accessible to over 500 major financial institutions through Elliptic’s range of products.
Enhancing AML Solutions
Leveraging Elliptic’s technical expertise, blockchains like MANTRA can be seamlessly connected, granting access to Anti-Money Laundering (AML) solutions in a rapid timeframe of as little as 45 days. As more blockchain funds integrate with Elliptic, the availability of data within the crypto ecosystem expands significantly. This is a crucial step in ensuring the safety and transparency of the industry. One of the most common methods of laundering cryptocurrency involves transferring assets across multiple blockchains. By integrating with Elliptic, funds can utilize AML solutions to monitor cross-chain transactions and identify potential risks effectively.
MANTRA’s Role in Tokenization
MANTRA aims to bring the global financial ecosystem onto the blockchain by serving as the preferred ledger for tokenizing real-world assets (RWA) across various industries and asset classes. MANTRA Chain, a purpose-built Layer 1 blockchain, is designed to meet real-world regulatory requirements. It provides companies, governments, and developers with the ability to tokenize RWAs securely using institutional-grade infrastructure.
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