K2 Integrity, the preeminent risk, compliance, investigations, and monitoring firm, announced its partnership with TRM Labs, the leading blockchain intelligence firm, to deliver a first-of-its-kind combined solution to the public and private sectors. The partnership will combine TRM Labs’ premier blockchain forensics and compliance tools with K2 Integrity’s deep expertise in risk management, investigations, and compliance advisory to help leading global institutions and public sector authorities understand risks in virtual assets and develop strategies to mitigate those risks.
Read more:Â Robotics And Artificial Intelligence
“Amid calls for greater transparency and safety in the cryptocurrency landscape, there is an urgent need for rigorous risk management and compliance,” said Co-CEO Jeremy Kroll of K2 Integrity. “By combining the power of two of the crypto industry’s leading firms, we will address robust market demand for a holistic digital asset solution. K2 Integrity’s leading advisory team, led by industry luminaries Juan Zarate and Mariano Federici, will work with our partners at TRM Labs to help our clients certify compliance with the latest changing regulations across jurisdictions, combat financial crime and ensure institutions are keeping their assets safe.”
“K2 Integrity shares our mission for creating a safer and more secure crypto economy,” said Esteban Castaño, co-founder and CEO of TRM Labs. “With the evolving global regulatory landscape and ever-changing threats, this partnership will enable our public and private partners to access industry-leading data and services for risk management and compliance.”
K2 Integrity and TRM Labs will work closely together to provide comprehensive data and technology solutions combined with world-class client service. The partnership aims to enhance connectivity between traditional finance (TradFi), virtual asset service providers and public sector agencies to enable the growth, safety, and scalability of the blockchain and virtual assets.
Read:Â Lets Understand Crypto In A Laymans Language
Through this partnership, K2 Integrity and TRM Labs will be able to support financial institutions, governments and regulators, virtual asset service providers (VASPs), Web3 startups, NFT marketplaces, DeFi platforms and other emerging service providers in proactively navigating and managing the risks of virtual assets and their related technologies.
Dr. Chris Brummer, a world-renowned expert on digital assets regulation and member of K2 Integrity’s Board of Directors, remarked, “At no time has information been more important to digital asset markets and infrastructures. I am delighted to see K2 Integrity and TRM Labs partner to provide the data, transparency and value-added solution that investors, regulators and customers are clamoring for.”
Read :Â Cybersecurity Timeline and Trends You Should Know before Planning for 2023