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JP Morgan is the latest financial services giant to invest in blockchain intelligence platform TRM Labs.
TRM Labs’ platform combines cross-chain data with threat intelligence, advanced analytics, and intuitive visualisations to help organisations – including FIs, crypto firms and regulators – detect crypto fraud and financial crime.
JP Morgan’s investment – the size of which has not been disclosed – comes less than three months after TRM Labs raised $60 million in a round joined by Visa, Amex Ventures, Citi Ventures, PayPal Ventures, and Block (formerly Square).
Umar Farooq, CEO, Onyx by JP Morgan, says: “TRM’s vision to drive security and integrity in crypto ecosystems through sophisticated analytics solutions aligns with our ambitions for building blockchain products at JP Morgan that are compliant and secure.”
Financial Services
