Chainalysis' 'Kryptos' Tool Is an Inside Look for Outside Investors

Chainalysis is building a crypto-space risk data clearinghouse for financial institutions.

Its new Kryptos platform will help institutions parse regulatory hazards and build risk assessment models.

Kryptos "is our step towards financial institutions, so they can have the transparency they need to build risk management programs and integrate into the crypto economy,” Chainalysis co-founder and COO Jonathan Levin said.

It’s the blockchain analysis firm’s first product to specifically target institutional players, joining KYT, the exchange-facing anti money laundering software, and Reactor, which helps investigators trace criminal money flows.

Those products help governments, crypto companies and investigators analyze their sectors of the crypto economy, Levin said. But while those entities grasp the larger crypto ecosystem, crypto-curious investors, including the banks and advisors not already involved, have no clear point of entry.

That could stymie investment. Chainalysis’ solution: build a “trusted and referenced” dataset for new market entrants.

Levin said:

The product, still in beta and set to launch early next year, features a mix of manually-collected data to give them that view. Chainalysis’ employees compile and update reams of regulatory, compliance, and business interest information in one place.

Levin said:

That, he claimed, is good for everyone: "All players in the cryptocurrency ecosystem stand to benefit from increased transparency.”

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