b2b-daily
Home | FinTech | Fintech Blockchain

Advanced VASP Risk Assessment Tool Launched by Chainalysis and Lukka

Avatar photo
by Daisy Brown
February 5, 2025
Advanced VASP Risk Assessment Tool Launched by Chainalysis and Lukka

In an era where the complexity of the crypto ecosystem is rapidly increasing, a new collaboration aims to address the growing need for robust tools to evaluate both on-chain and off-chain characteristics of Virtual Asset Service Providers (VASPs). Blockchain analysis firm Chainalysis and data and software solutions provider Lukka have teamed up to launch an advanced VASP risk assessment product. This partnership is set to integrate off-chain data with on-chain transactions, providing a comprehensive risk analysis tool specifically designed for financial institutions, crypto businesses, and regulators.

The new tool aims to enhance the understanding of VASP-related risks, ensuring due diligence, compliance, and customer protection. One of its key features is the integration of off-chain data, including regulatory licenses, legal entity names, and jurisdictional information. This allows users to quickly obtain a clear and actionable snapshot of a VASP’s risk profile. This development is crucial in a market where illicit addresses received over $40 billion in 2024, emphasizing the necessity for meticulous risk assessments and continuous monitoring.

Chainalysis’ “know-your-VASP” feature, enhanced by Lukka’s data, aims to provide automatic alerts on risk scores, saving time and conserving resources. This unified approach is anticipated to streamline the due diligence process by offering a detailed, coherent, and efficient method for evaluating potential risks associated with VASPs. Users can expect improved detection of illicit activities and enhanced compliance efforts, which will ultimately benefit developers working on solutions that prioritize customer protection.

In summary, the Chainalysis and Lukka partnership introduces a more comprehensive VASP risk assessment tool by integrating crucial off-chain data. This will assist stakeholders in the crypto market to better gauge and mitigate risks, ensuring improved compliance and protection against illicit activities. This development signifies a significant step forward in promoting a safer and more trustworthy crypto environment, aligning with the industry’s increasing demand for advanced analytical solutions.

CryptoRegulation

Explore more

How Are A2A Payments Reshaping Global E-Commerce?
July 14, 2026

The traditional dominance of plastic-reliant credit card networks is finally crumbling as a more direct and cost-effective method of moving money begins to dominate the world of global digital commerce. For decades, the invisible architecture of the internet was built upon the foundations of the 1950s, using credit cards as a primary bridge between consumers and vendors. This system worked,

Aptar Unveils Durable Packaging Solutions for E-Commerce
July 14, 2026

The sticky residue of a leaked shampoo bottle pooling at the bottom of a cardboard box has become a familiar, albeit infuriating, ritual for many online shoppers today. This common consumer disappointment often marks the end of brand loyalty, as the unboxing experience—once a moment of high anticipation—transforms into a messy cleanup operation. For beauty and home care brands, ensuring

Intuit Enterprise Suite Delivers AI-Native ERP for Growth
July 14, 2026

The chasm between a mid-market company’s ambitious expansion goals and its actual operational capacity has historically been widened by fragmented software architectures that fail to communicate. While entry-level accounting tools serve their purpose during the early stages of a startup, they often become a liability as complexity increases, leaving finance teams to bridge the gaps with manual spreadsheets and guesswork.

Is macOS 27 Golden Gate More Than Just Apple Intelligence?
July 14, 2026

The launch of the macOS 27 Golden Gate public beta marks a significant evolution in Apple’s long-standing effort to reconcile high-level automation with the granular control required by power users. While the promotional narrative surrounding this release is dominated by the sophisticated capabilities of Apple Intelligence and a revamped Siri, the update offers far more than just a layer of

OpenAI Shifts to Outcome-First Prompting for GPT-5.6 Sol
July 14, 2026

The transition from instructional prompt engineering to a goal-oriented framework represents a seismic shift in how human operators interact with large language models during the current technological cycle. For years, the industry relied on meticulously crafted chain-of-thought instructions to ensure accuracy, but the arrival of GPT-5.6 Sol marks the end of this labor-intensive era. This new architecture prioritizes the final