The leading blockchain analytics company Chainalysis continues its global expansion as it is now expanding its presence in the Asia Pacific region with the establishment of two new business offices in Tokyo and Singapore.
As per the official announcement, these two new offices which are in Singapore and Tokyo will serve as hubs for financial institutions, local cryptocurrency firms and businesses, and government agencies. While serving as hubs, these offices will conduct sales for these institutions and will offer them various training programs as well as different professional investigative services.
So, through these newly-introduced offices, Chainalysis is basically strengthening its commitment that it has made to offer complete support and help to these financial institutions, local firms, as well as government agencies.
The company has appointed Ulisse Dell’Orto as the Managing Director of its APAC region’s activities while giving him the task to lead the operations running out there. Commenting on his appointment, he said that Chainalysis has already stepped into the Asia Pacific region and now with the establishment of these two new offices in Tokyo and Singapore, the company will be able to come closer to the digital currency ecosystem in this region. He stated:
“Investigation and compliance solutions are crucial to building trust and establishing legitimacy. Chainalysis has already had boots on the ground in APAC for some time, and these offices will help us build even closer ties with the cryptocurrency ecosystem here and meet the growing demand for our investigative solutions and training programs.”
Chainalysis has revealed in a statement that it is closely working with over 60 different clients in the Asia Pacific region. These are the holding structure for BitMEX, 100x Group, crypto.com, and Algorand.
The company’s Chief Revenue Officer (CRO) Jason Bonds said that the adoption of cryptocurrencies as well as stablecoins in this region is surging high as well as regulations are also being launched in this region. He added, “now is the time for cryptocurrency businesses and financial institutions to adopt compliance solutions as regulators and law enforcement focus on this emerging asset class.”