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

Is a Hiring Freeze a Warning or a Strategic Pivot?
April 30, 2026

When a major corporation abruptly halts its recruitment efforts, the silence in the human resources department often resonates louder than a crowded room full of eager job candidates. This phenomenon, known as a hiring freeze, has evolved from a blunt emergency measure into a sophisticated fiscal lever used by modern human capital managers. Labor represents the most significant operational expense

Trend Analysis: Native Cloud Security Integration
April 30, 2026

The traditional practice of routing enterprise web traffic through external security filters is rapidly collapsing as businesses prioritize native performance within hyperscale ecosystems. This shift represents a transition from “sidecar” security models toward a framework where protection is an invisible, intrinsic component of the cloud architecture itself. For modern enterprises, the friction between high-speed delivery and robust defense has become

Alteryx Debuts AI Insights Agent on Google Cloud Marketplace
April 30, 2026

The rapid proliferation of generative artificial intelligence across the global corporate landscape has created a paradoxical environment where the demand for instantaneous answers often clashes with the critical necessity for data accuracy and regulatory compliance. While thousands of employees within large organizations are eager to integrate large language models into their daily workflows to boost individual productivity, senior leadership remains

Performativ Raises $14M to Scale AI Wealth Management
April 30, 2026

The wealth management industry is currently at a critical crossroads where rigid legacy systems are finally meeting their match in AI-native, cloud-based solutions. With the recent announcement of a $14 million Series A funding round for Performativ, the spotlight has shifted toward enterprise-level scalability and the creation of integrated ecosystems for large private banks. This conversation explores how modernizing complex

What Is the True Scope of the Medtronic Data Breach?
April 30, 2026

The recent confirmation of a sophisticated network intrusion at Medtronic has sent ripples through the medical technology sector, highlighting the persistent vulnerability of critical healthcare infrastructure in an increasingly digital world. This specific incident came to light after the notorious cybercrime syndicate known as ShinyHunters publicly claimed to have exfiltrated over nine million records from the company’s internal databases. These