Trustformer Ventures deeper into RegTech to help Financial Institutions achieve Next-Generation Operational Excellence
23 Aug 202310:00

SINGAPORE, August 23, 2023 – ChainUp, a globally recognized leader in blockchain technology solutions, has announced that its esteemed subsidiary, Trustformer, known for its mastery in Know Your Transaction (KYT) solutions, is set to expand its operations into the rapidly growing field of regulatory technology (RegTech). This strategic move signifies more than mere expansion; it embodies the company's vision to provide businesses with innovative tools and solutions tailored to meet stringent legal and regulatory standards. With this initiative, Trustformer seeks to significantly reduce compliance-related risks, setting its partners on a trajectory toward unparalleled operational brilliance.

Besides Trustformer's aspirations in KYT, the company has laid out plans for an in-depth exploration of critical sectors like Anti-Money Laundering (AML), Counter-Financing of Terrorism (CFT), and the complex domain of crypto financial transaction compliance. Whether it's conducting crime investigations or identifying cyber threats such as hackers and spyware, Trustformer remains resolute in its mission to curb risks associated with money laundering and terrorist financing. Through continuous enhancements in their offerings, particularly in areas like risk attribution, compliance for Virtual Asset Service Providers (VASP), and adherence to the globally acknowledged Travel Rule, Trustformer aims to offer clarity on risk origins and ramifications, thus ensuring a streamlined regulatory compliance process, especially in the world of international transfers.

Trustformer stands ready to guide the way with state-of-the-art technologies such as automation, artificial intelligence, machine learning, and advanced data analytics, and complemented by services emphasizing transactional vigilance, third-party surveillance, and meticulous audits. Trustformer's aims to proactively identify, manage, and neutralize non-compliant activities in real-time, bolster internal mechanisms, and safeguard businesses from potential financial transgressions.

Trustformer’s CEO, Rye Zhang, remarked, “Diving deeper into the regtech arena is a strategic move, crafted to resonate with our partners' aspirations. It's about fostering high-caliber, sustainable operations. Trustformer's dedication to tech innovation and nurturing partner alliances remains unwavering. We're here to provide steadfast compliance solutions, shoulder-to-shoulder with our partners, navigating the intricate maze of regulatory challenges, ensuring they remain not just competitive, but also secure in this dynamic digital financial era.”


About Trustformer

Invested and incubated by ChainUp, a global leader for end-to-end blockchain technology solutions, Trustformer emerges as a RegTech powerhouse, dedicated to ensuring the security and compliance of global crypto assets. With a unique blend of blockchain big data and AI algorithms, Trustformer stands out in integrating on-chain transactional data with the pulse of social media intelligence to effectively identify and label addresses with established localized strategies for risk identification and transaction analysis. By employing graphical node inferences grounded in global financial regulations and crypto-asset oversight protocols, Trustformer proficiently conducts secure analyses of transaction addresses and their associated funding pathways to provide risk control and compliance services to exchanges, wallets, financial institutions, government agencies, OTC service providers, and individual investors involved in blockchain activities.

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