Elliptic to provide AML blockchain monitoring service for Zilliqa

Zilliqa, the high-performance, high-security blockchain, announced today it has joined forces with Elliptic, a leading provider of crypto-asset risk management solutions for crypto businesses and financial institutions, to bolster its infrastructure security and compliance. By leveraging Elliptic’s comprehensive suite of risk management and AML compliance tools, Zilliqa will be able to mitigate exposure to fraudulent financial activities across the platform, and for tokens built on it.

Elliptic Elliptic’s solutions will help provide ongoing actionable risk intelligence on Zilliqa’s token, ZIL, as well as StraitsX, a stablecoin initiative powered by Zilliqa and issued by Xfers, commencing with XSGD, a token fully backed and pegged 1:1 to the Singapore Dollar. – Amrit Kumar, President at Zilliqa Based in London, Elliptic enables cryptocurrency exchanges, brokers, banks and other financial institutions to identify and prevent illicit activity.

Timeline of Zilliqa