Blockchain Sleuthing Startup Chainalysis Raises $30 Million
Chainalysis, the cryptocurrency transaction blockchain analysis startup, has raised $30 million in Series B funding.
The firm will use some of the funding to open a new office in London and a research-and-development lab in a bid to expand its presence in the U.K., where it has worked closely with the likes of Barclays, the High Street bank.
Chainalysis currently employs 75 people and has offices in New York, Washington and Copenhagen.
In addition to opening a new London office, Chainalysis will also explore research partnerships and collaborations with universities in London, which Gronager said are leading the way in some areas of cryptocurrency research.
Elsewhere, Chainalysis’ longstanding relationship with Barclays was an important driver early on in the crypto space, helping to establish a bank account for Circle, for example.
Gronager said there is now a growing interest from both mid-tier and top-tier banks to come in and work with crypto companies, such as exchanges.
Having launched real-time AML software Chainalysis KYT last year, the Chainalysis team has now expanded this beyond bitcoin, ether and litecoin to encompass the growing trend for stablecoins, or tokens that are linked in some fashion to fiat currencies like the U.S. dollar.
Ian Allison’s original article for coindesk.com reduced by 56%
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