Integrates with Polygon to provide TRM risk and compliance monitoring capability

By May 14, 2022Layer2
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Integrates with Polygon to provide TRM risk and compliance monitoring capability

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TRM Labs, the industry leader in crypto compliance and risk management solutions, announced its integration with Polygon, an Ethereum scaling platform that connects millions of people on Web3, to provide members of the Polygon network with access to fraud and financial crime tools. To provide a complete suite. To protect their applications from illegal financial activity.

As a blockchain intelligence provider, TRM is unique in that its data architecture allows for rapid integration with new blockchains and new asset mapping. With the addition of Polygon, TRM’s current coverage has expanded to 25 blockchains and over one million properties. TRM’s platform also provides cross-chain analytics, allowing users to track risk exposure or trace the flow of funds in the blockchain, an increasingly important capability as cross-chain asset swaps become more common. has been

Polygon now boasts more than 19,000 decentralized apps (DApps) on the network – a six-fold increase from the network’s 3,000 DApp milestone in October 2021. Many of these are decentralized finance (DeFi) based services and blue-chips such as Ava, Curve, 0x and Balancer.

“Over the past year, Polygon has experienced rapid growth and well-earned success because of their visionary work and belief in the power and promise of the crypto economy,” said Esteban Castano, co-founder and CEO of TRM Labs. “We are excited to be a part of their journey by providing solutions to detect fraud and financial crimes for organizations operating on the Polygon platform.”

As a result of the integration, users of TRM’s tools will have access to polygon network data and the ability to leverage TRM tools to comply with AML/CFT regulatory requirements, including:

  • Transaction Monitoring: Real-time risk scoring of cryptocurrency transactions for AML compliance, sometimes referred to as Know-Your-Transactions, or KYT.
  • Wallet Screening: Proactively checking cryptocurrency addresses for sanctions and AML compliance.
  • VASP Due Diligence: Comprehensive Risk Profiles of “Virtual Asset Service Providers” (VASPs) and other digital asset businesses.
  • Forensics: Investigative tools to trace the source and destination of funds and link high-risk addresses to real-world entities.

TRM’s growing roster of blockchain coverage is unmatched in the blockchain intelligence industry, making the platform an ideal partner for rapidly growing crypto businesses looking to enlist new assets and law enforcement investigators alike. As the crypto industry matures and the regulatory landscape becomes more clear, the capabilities of TRM will continue to herald an era where blockchain technology is a more secure space for users to trade, innovation and economic prosperity.

TRM. About this
TRM provides blockchain intelligence to help financial institutions, cryptocurrency businesses and public agencies detect, investigate and manage crypto-related fraud and financial crime. TRM’s risk management platform includes solutions for cryptocurrency anti-money laundering (AML), transaction monitoring and wallet screening, entity risk scoring, know-your-VASP, and transaction tracing for investigations. These tools enable a rapidly growing group of organizations around the world to securely adopt cryptocurrency-related transactions, products and partnerships. TRM is based in San Francisco, CA and is recruiting in Engineering, Product, Sales and Data Science. To learn more, visit

about polygons
Polygon is the leading platform for Ethereum scaling and infrastructure development.
Its growing suite of products gives developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollup and Optimistic Rollup), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and а lot. Polygon’s scaling solutions have seen widespread adoption with hosting 19,000+ decentralized applications, 1.6B+ total transactions processed, ~142M+ unique user addresses, and $5B+ of secure assets.

If you are an Ethereum developer, you are already a Polygon developer! Take advantage of Polygon’s fast and secure txns for your dApps, get started here.

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Contact: Media

Hayden Bardorf

Keywords: United States North America California

Industry Keywords: Professional Services Finance

Source: TRM

Copyright Business Wire 2022.

Pub: 05/12/2022 09:05 AM/Disc: 05/12/2022 09:06 AM

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