Mo.bi - Crypto Currency Tracker logo Mo.bi - Crypto Currency Tracker logo
Seeking Alpha 2022-02-28 15:06:02

JPMorgan Chase invests in TRM Labs' crypto compliance, risk management tech

JPMorgan Chase (NYSE:JPM) on Monday has invested in TRM Labs' crypto compliance and risk management technology. TRM Labs provides blockchain intelligence to help financial institutions, crypto firms and public agencies monitor crypto-related fraud. Note that it recently raised $60M in Series B funding, led by Tiger Global. Furthermore, TRM's transaction monitoring solution allows firms to meet anti-money laundering regulatory requirements and manage reputational and operational risk. JPM's investment comes as regulatory uncertainty in the space continues to evolve. Towards the end of January, J.P. Morgan agreed to buy a 49% stake in Viva Wallet.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.