
COMPLY, ZenLedger Team Up for Digital Asset Compliance Tool
COMPLY, a New York-based compliance software, consulting, and education firm, recently announced the debut of COMPLY Digital Asset Trade Monitoring in collaboration with ZenLedger, a blockchain data and tax solution provider.
The platform provides a “first-of-its-kind offering” digital compliance solution for the digital asset and cryptocurrency markets, according to COMPLY.
Firms that use the Digital Asset Trade Monitoring tool will now have real-time visibility into their employees’ cryptocurrency holdings and transactions, allowing compliance departments to monitor comprehensive trades and any legal infractions.
Firms previously utilized manual processes to track trades. Firms will be able to automate blockchain and exchange monitoring with this tool, which includes turnkey onboarding for all staff, self-service capability, and ongoing maintenance.
“The launch of COMPLY’s Digital Asset Trade Monitoring is a direct answer to the challenges our clients face in today’s evolving market. Financial services firms did not have a real-time, automated solution for digital asset monitoring, and were forced to conduct the process manually, relying on employee-provided data such as cryptocurrency wallet screenshot uploads,” said David Bliss, COMPLY’s CPO.
COMPLY provides compliance solutions for private equity firms, hedge funds, broker-dealers, investment advisors and more.
