TRM Integrates with Polygon to Provide Risk and Compliance Monitoring Capability
TRM Labs, the industry leader in crypto compliance and risk management solutions, announced its integration with Polygon, an Ethereum scaling platform onboarding millions to Web3, to provide a full suite of anti-fraud and financial crime tools to members of the Polygon network who want to protect their applications from illicit financial activity.
As a blockchain intelligence provider, TRM is unique in that its data architecture allows for rapid integration with new blockchains and new asset mapping. The addition of Polygon brings TRM's current scope of coverage to 25 blockchains and more than one million assets. TRM's platform also provides cross-chain analytics, allowing users to detect risk exposure or trace the flow of funds across blockchains, an increasingly critical capability as cross-chain asset swaps are becoming more common.
Polygon now boasts more than 19,000 decentralized apps (dapps) on the network - a six-fold increase from the network's 3,000 dapp milestone in October 2021. Many of these are decentralized finance (DeFi) based services and include blue-chips such as Aave, Curve, 0x, and Balancer.
"Polygon has experienced rapid growth and well-earned success over the past year due to their visionary work and belief in the power and promise of the crypto economy," said Esteban Castaño, co-founder and CEO of TRM Labs. "We are excited to be a part of their journey by providing solutions to detect fraud and financial crimes for organizations operating on the Polygon platform."
As a result of integration, users of TRM's tools will have access to Polygon network data and the ability to leverage TRM tools to comply with AML/CFT regulatory requirements, including:
TRM's growing roster of blockchain coverage is unmatched in the blockchain intelligence industry, making the platform an idea partner both for fast-growing crypto businesses who want to list new assets and law enforcement investigators alike. As the crypto industry matures and the regulatory landscape becomes more clear, TRM's capabilities will continue to usher in an era where blockchain technology is a more secure place for business, innovation, and economic prosperity for users.
If you're an Ethereum Developer, you're already a Polygon developer! Leverage Polygon's fast and secure txns for your dApp, get started here.
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