Capital markets News

Deloitte partners Chainalysis for blockchain analytics, digital asset compliance


Yesterday Deloitte and Chainalysis unveiled an alliance in which shared clients will use Chainalysis’ blockchain analytics software and data. Together they have the best of both worlds with the Chainalysis software and solutions combined with Deloitte’s trained consulting staff.

Chainalysis will work with Deloitte’s blockchain and digital assets practice on engagements ranging from risk analysis and investigations to compliance, including anti-money laundering and know your customer (AML/KYC).

“As digital asset adoption and proliferation continues, Deloitte is committed to advising our clients on leading thinking and approaches to risk management, analytics use, and regulatory compliance,” said Tim Davis, Deloitte’s Advisory Blockchain and Digital Asset practice lead.

Chainalysis has a range of customers including numerous government clients, banks such as BNY Mellon and Barclays, payment providers including Worldpay and Square as well as crypto exchanges and other digital asset firms.

The analytics startup has raised more than $520 million in funding, with the last announced Series F round of $170 million in May 2022 that included BNY Mellon. At the time it was valued at $8.6 billion. However, in the midst of the crypto winter, this May we stumbled across secondary transactions at a valuation of $3 billion.

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