Today TRM Labs announced an investment from JP Morgan Chase. In December, the blockchain intelligence firm closed a $60 million Series B round led by Tiger Global that included a raft of big names in the payments sector: Amex Ventures, Visa, Citi Ventures, Block (formerly Square) and PayPal Ventures.
The startup targets cryptocurrency fraud and financial crime with transaction monitoring and forensic analysis tools. Implementing anti-money laundering protocols is critical for all these payment firms.
TRM Labs supports more than a dozen blockchains and provides cross-chain analytics to detect suspicious activity across multiple blockchains. It recently added the Solana blockchain.
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