25th February, LONDON, UK – Today Tangany and Coinfirm announce their partnership to provide strengthened risk management and AML/CFT (Anti-Money Laundering/Combatting the Finance of Terrorism) compliance for the better safeguarding of blockchain-based asset security.
By leveraging Coinfirm’s AML Platform, Tangany’s custodian operations will be in sync with current and future guidelines for crypto assets (i.e., FATF standards and the EU’s 5th and 6th AML directives) as well as legally enforced regulations imposed by various jurisdictions. In addition, Coinfirm’s RegTech solutions will enable Tangany to conduct on-going Enhanced Due Diligence on high-risk market participants with 270+ proprietary red flag algorithms.
“We have observed the market very extensively for solutions like Coinfirm. It’s just impressive what the team of Coinfirm has achieved with such a neat AML solution for digital assets on blockchain. It’s great to see that the European blockchain ecosystem has the capability to provide required services like blockchain transaction scoring.” – Christopher Zapf, co-founder of Tangany.
Rapidly growing crypto custodian provider Tangany – headquartered in Munich, Germany – hosts a suite of solutions for custody with HSM safeguarding. Tangany’s approach is tailored to the highest technical, security and legal requirements to aid financial institutions by providing scalable digital custody and infrastructure. Amongst the firm’s solutions are; warm wallet APIs and white label frontend, cold wallets with Bitcoin multisig and multi wallet custody, nodes and private blockchain infrastructures.
“Coinfirm is excited to collaborate in tandem with crypto custody firm Tangany in an effort to power the mass adoption of blockchain. As the new financial ecosystem becomes more accepted by traditional players, advanced custodian services are becoming crucial to maintaining the security of crypto-assets against ransomware gangs and other malicious actors.” – Pawel Kuskowski, CEO and co-founder of Coinfirm
Germany is at the forefront of blockchain regulations spurring faster adoption and advanced development – and was one of the first countries in the world allowing for financial institutions to custody crypto assets – merging traditional financial infrastructure with the innovative crypto economy to create more inclusive and fair financial products.
Tangany is a white-label custody provider for digital values such as Bitcoin, Ethereum, Tether and security tokens. This service has been offered at the highest technical level since 2018 and always in accordance with the regulation. Tangany specializes in finance, tokenization and crypto markets. The company was recently awarded the renowned FinTech Germany Award 2020.
Coinfirm is the world leader in blockchain analytics and regulatory technology (‘RegTech’) solutions, creating the foundation for the safe and mass adoption of blockchain and cryptocurrencies. Coinfirm specializes in blockchain AML/KYC (‘Anti-Money laundering’ / ‘Know Your Customer’) services and fraud investigations. It offers the industry’s largest blockchain coverage, supporting over 1,500 cryptocurrencies and protocols including Bitcoin and the ERC-20 standard. Coinfirm’s solutions are used by market leaders globally, ranging from crypto exchanges such as Binance, and protocols like XRP, to major financial institutions and governments. In addition to the AML Platform, the company’s services also include Trudatum, Reclaim Crypto, the all-in-one Travel Rule solution and Nodes-as-a-Service. Coinfirm is the first firm to offer an AML compliance solution to DeFi in the form of the AML Oracle. For more information please visit; https://www.coinfirm.com/