Chainalysis partners Lukka to integrate off-chain data in VASP risk product

The Chainalysis blockchain analysis company has teamed up with the supplier of Lukka data and software solutions to improve its virtual asset services services.

VASPs play a crucial role in the cryptography ecosystem by facilitating access and adoption for users of retail and institution.

However, the market is delivered with certain risks linked to VASP that users may want to assess before integration on various platforms. Chainalysis’s “Know-Your-Vasp” functionality allows users to analyze chain transactions to better understand the counterparty exposure and risks.

Financial institutions, cryptographic companies, regulators and other users can take advantage of this tool. Applications include monitoring of VALPs with automatic alerts on risk scores – a key advantage in a market where illicit addresses received more than $ 40 billion in 2024.

The integration of out -of -chain data, made possible thanks to a collaboration with Lukka, will further improve the VSP functionality, said the analysis chain in a blog. Integration allows chain screening and out of chain of cryptographic platforms, with available data, including regulatory licenses, names of legal entities and jurisdiction.

“Having visibility in the characteristics on and outside a VASP is essential for reasonable diligence and in -depth compliance. It provides a quick, clear and usable snapshot to help users determine if they should invest in the full reasonable diligence process for a VASP, time and resources, Chainalysis wrote.

Chainalysis indicates that this integration will allow organizations to better assess potential risks and follow the illegal activity. It should also improve detection and compliance, allowing developers to use information to create solutions that improve customer protection.