Furthermore, the company also announced plans to roll out support for 23 additional cryptocurrencies, including XRP, DASH, unshielded ZCash (ZEC), Dogecoin (DOGE) and Ethereum Classic (ETC) over the next three months.
The company announced in a press release published on Oct. 3 that its Know Your Transaction (KYT) tool now supports tokens such as Basic Attention Token (BAT), DAI, GoldX, Maker (MKR), OmiseGO (OMG) and 0x (ZRX).
Blockchain analytics firm Chainalysis has announced the launch of its on-demand compliance and investigations software for several Ethereum (ETH)-based ERC-20 tokens.
Aggressive support expansion
Per the release, Chainalysis’s KYT tool is currently being used by over 130 customers in 40 countries. The statement also explains the aim of the service:
“The tool is used to screen transactions in real-time and receive alerts on suspicious activity.”
Blockchain analytics for compliance
The firm claims that – with the system in question – it is “helping businesses rapidly meet anti-money laundering/combating the financing of terrorism requirements for new ERC-20 tokens.”
Chainalysis also plans to double the number of cryptocurrencies currently supported by the system by the end of 2019. Managing Director of crypto exchange eToroX Doron Rosenblum added:
“Developing ERC-20 stablecoins tied to various financial assets is an important part of our strategy to bridge the gap between blockchain and the traditional financial markets.”
Chainalysis KYT service was first launched in the second half of August for 15 major cryptocurrencies. As Cointelegraph reported at the time, the company claimed that this is the first solution that offers compatibility with such a broad range of assets.
Chainlink Partners with Chiliz to Automatically Mint Tokens for Teams Like FC Barcelona
Ethereum-based sports tokenization platform Chiliz (CHZ) has partnered with blockchain platform Chainlink to allow for real-time non-fungible token (NFT) creation.
According to a Mar. 4 announcement from Chiliz, the platform plans to leverage Chainlink’s capacity to trigger the execution of smart contracts based on real-world data and events. This feature will allow the minting of NFTs for partners in real-time, based on data securely provided by Chainlink’s network.
This integration will allow Chiliz to create NFTs that react to the real world and mint limited edition collectibles to commemorate real-time events. The company explains that, for instance, it would be possible to mint tokens when a soccer player scores a hat-trick during a game.
The leading blockchain sports platform
As the announcement points out, Chiliz is a sports tokenization platform that has already signed deals with major football clubs FC Barcelona, Juventus, Paris Saint-Germain, Atlético de Madrid, Galatasaray, A.S. Roma, CA Independiente, West Ham. Furthermore, the firm is also targeting 50 more partners in sports, esports and entertainment this year.
In February, Chiliz has partnered with major marketing agency Lagardere Sports and Entertainment. This partnership can potentially lead to American sports fans using blockchain-based tokens to interact with their favorite teams. Also in February, Chiliz announced the launch of an integrated membership and fiat-crypto prepaid debit card, which also provides blockchain-based global ID functionality.
