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

Raedbots Launches Egypt’s First Homegrown Industrial Robots
April 17, 2026

The metallic clang of traditional assembly lines is finally being replaced by the precise, rhythmic hum of domestic innovation as Raedbots unveils a suite of industrial machines that redefine local manufacturing. For decades, the Egyptian industrial sector remained shackled to the high costs of European and Asian imports, making the dream of a fully automated factory floor an expensive luxury

Trend Analysis: Sustainable E-Commerce Packaging Regulations
April 17, 2026

The ubiquitous sight of a tiny electronic component rattling inside a massive cardboard box is rapidly becoming a relic of the past as global regulators target the hidden environmental costs of e-commerce logistics. For years, the digital retail sector operated under a “speed at any cost” mentality, often prioritizing packing convenience over spatial efficiency. However, as of 2026, the legislative

How Are AI Chatbots Reshaping the Future of E-commerce?
April 17, 2026

The modern digital marketplace operates at a velocity where a three-second delay in response time can result in a permanent loss of consumer interest and substantial revenue. While traditional storefronts relied on human intuition to guide shoppers through aisles, the current e-commerce landscape uses sophisticated artificial intelligence to simulate and surpass that personalized touch across millions of simultaneous interactions. This

Stop Strategic Whiplash Through Consistent Leadership
April 17, 2026

Every time a leadership team decides to pivot without a clear explanation or warning, a shockwave travels through the entire organizational chart, leaving the workforce disoriented, frustrated, and increasingly cynical about the future. This phenomenon, frequently described as strategic whiplash, transforms the excitement of a new executive direction into a heavy burden of wasted effort for the staff. Instead of

Most Employees Learn AI by Osmosis as Training Lags
April 17, 2026

Corporate boardrooms across the country are echoing with the same relentless command to integrate artificial intelligence immediately, yet the vast majority of people expected to use these tools have never received a single hour of formal instruction. While two-thirds of organizations now demand AI implementation as a standard operating procedure, the workforce has been left to navigate this technological frontier