The Ascent Group is proud to announce our strategic partnership with Elliptic, the global leader in cryptoasset risk management solutions. This strategic collaboration is set to enhance our capabilities in crypto compliance significantly, particularly in developing a robust anti-money laundering framework, addressing the growing demands of the dynamic and increasingly regulated alternative investment industry.
In this partnership, The Ascent Group is embracing Elliptic’s advanced cross-chain and cross-asset Holistic Screening technology. This integration is a crucial part of our strategy to navigate a market that is rapidly expanding and encountering more stringent regulatory oversight.
The Ascent Group will leverage Elliptic’s comprehensive wallet transaction screening solution. This state-of-the-art tool enables us to perform real-time, accurate due diligence on crypto wallets before transactions occur. It is instrumental in effectively mitigating the risks associated with illicit financial activities, including links to sanctioned entities, terrorist financing, and money laundering.
Elliptic’s solutions, renowned for their extensive coverage of 99% of digital assets by market capitalization and supported by over 100 billion data points, provide The Ascent Group with precise, actionable insights. These resources are vital for us to mitigate risks effectively and ensure stringent compliance with regulatory standards.
Samuel Chen (our Group COO) had this to say: “The main reason we partnered with Elliptic was for its asset coverage and in-depth data intelligence, which reduces the number of false positives we get and ensures we only act on those that are of high risk. This allows our business to keep scaling, without requiring additional compliance resources to investigate crypto transactions.”
Elliptic’s platform is built on hundreds of billions of proprietary data points, offering comprehensive coverage of crypto transactions by trading volume, and includes an extensive collection of crypto exchange risk profiles. Used by the largest financial institutions and exchanges globally, Elliptic’s solutions not only meet regulatory requirements but also drive significant efficiency gains within compliance operations.
About The Ascent Group
The Ascent Group is an award-winning, independent, global fund administrator dedicated to delivering independent and customized fund administration services for fund managers in the alternative investment industry. With a strong focus on operational excellence, regulatory compliance, and customer-centricity, The Ascent Group serves as a trusted partner for fund managers looking to emerge, lead, and transform in the alternative investment industry.
To learn more, visit www.theascent-group.com.
About Elliptic
Elliptic is the global leader in cryptoasset risk management for crypto businesses, governments, and financial institutions worldwide. Recognized as a WEF Technology Pioneer and backed by investors including J.P. Morgan, Wells Fargo Strategic Capital, SBI Group, and Santander Innoventures, Elliptic has assessed risk on transactions worth several trillion dollars, uncovering activities related to money laundering, terrorist fundraising, fraud, and other financial crimes. Elliptic is headquartered in London with offices in New York, Singapore, and Tokyo.
To learn more, visit www.elliptic.co.
