4059 new tokens have been added to Coinfirm’s AML Platform, bringing the overall total supported to ~5500. Most of the tokens added are Ethereum based (ERC-20 standard) as well as several dozen from the Tron chain (TRC-20).
Some of the most widely traded tokens that have been added include; Shiba Inu (SHIB), The Graph (GRT), Liquid stake Ether 2.0 (stETH), Rarible Token (RARI) and ReaIT (a fractional real estate token).
22 new stablecoins have been added, bringing the total overall to 87, including, among others, the ArgenPeso (pegged 1:1 to the Argentine Peso), eToroNewZealandDollar (pegged 1:1 to the New Zealand Dollar) and the Digital Rand (pegged 1:1 to the South African Rand).
1133 new decentralized finance tokens are now covered, bringing the overall to 1231. DeFi tokens are generally most technologically challenging to integrate, as they require deeper analysis, understanding, and testing to incorporate them into the platform.
74 derivative tokens have also been added, a token format that had not been supported prior to this date.
This token coverage update follows on from the support of non-fungible tokens in March this year and the support of the Cardano blockchain on the platform in August. Together, this makes the AML Platform an industry-leading system to detect and monitor many forms of crypto crime such as terrorism financing, sanctions evasion and more with the platform’s 330+ proprietary risk algorithms.
Coinfirm’s AML Platform for crypto assets is powering the mass adoption of blockchain by protecting the next generation of FinTechs being tainted by funds from ransomware hacks, human trafficking, sanctions evasion and terrorist financing by risk scoring entities, addresses and transactions.
Coinfirm’s risk management platform is used by governments, financial institutions, custodians, payment providers, investment funds and exchanges. The 1,500+ protocol-supporting AML Platform utilizes 330+ proprietary risk algorithms to provide a seamless, scalable solution to stringent regulatory requirements for both CeFi and DeFi.
Founded in 2016, Coinfirm is headquartered in London, UK, with the company retaining offices in Canada, Poland and Japan. Over 250 entities have trusted the company to provide RegTech solutions to stay in compliance with FATF guidance.
For more information, please visit https://www.coinfirm.com