CipherTrace adds data attribution from the Rootstock blockchain and Rootstock Infrastructure Framework (RIF) and all related tokens to its existing 800+ virtual assets traced on behalf of its clients.
Leading cryptocurrency intelligence company CipherTrace adds monitoring and tracing support for the Rootstock blockchain and Rootstock Infrastructure Framework (RIF). By integrating the Rootstock blockchain to its existing cryptocurrency intelligence capabilities, CipherTrace expands upon the existing 800+ virtual assets it traces on behalf of clients ranging from banks, exchanges, ATMs, and OTC desks to hedge funds, custody solutions, payment processors, and financial investigators.
By delivering blockchain analytics support for Rootstock, CipherTrace also adds monitoring support for all tokens built on the Rootstock blockchain, both present and future. With Rootstock, users can run smart contracts on top of Bitcoin blockchain, making it a potentially revolutionary project.
Dave Jevans, CEO of CipherTrace, said, “Our integration of Rootstock demonstrates our company’s ability to efficiently add monitoring support for new blockchains and tokens. This workflow that allows us to support any current and future tokens powered by the base blockchain is what has allowed us to scale quickly to meet the needs of a rapidly growing industry.”
Diego Gutierrez Zaldivar, co-founder of the Rootstock blockchain commented: “The integration of CipherTrace AML solution to the Rootstock blockchain adds another important building block to the Open Financial Ecosystem that has been steadily growing since last year. Together with the low-cost payment processing, privacy-protecting data storage and reputation-based identity protocols provided by the Rootstock Infrastructure Framework (RIF) enables the creation of cryptocurrency-based financial services that can meet global financial safety regulations.”
About CipherTrace
CipherTrace, leading cryptocurrency intelligence company, protects financial institutions from crypto laundering risk and is helping to grow the crypto economy by making virtual assets trusted by governments and safe for mass adoption. CipherTrace delivers the world’s most comprehensive cryptocurrency intelligence to detect money laundering, inform law enforcement investigations, and enable regulatory supervision. CipherTrace founders are dedicated to protecting consumer privacy, while defending against illicit finance. Deep expertise in cybersecurity, eCrime, payments, banking, encryption, and virtual currencies form the foundation for CipherTrace’s commercial offerings. For more information, visit www.CipherTrace.com or follow us on Twitter @CipherTrace.
About Rootstock
Rootstock is the first, biggest, and longest lasting Bitcoin sidechain. It is the only Bitcoin layer 2 that combines the security of Bitcoin’s proof-of-work, with Ethereum’s smart contract capabilities.
Rootstock is open-source, EVM-compatible, and secured by over 60% of Bitcoin’s hashing power, which makes it a gateway to a vibrant ecosystem of dApps that continues to evolve to become fully trustless.