BounceBit announced a partnership with Elliptic. Elliptic is a leading provider of blockchain analytics and regulatory compliance software. According to BounceBit, this collaboration is intended to improve the security and compliance within BounceBit’s ecosystem. This includes its Real World Assets, CeDeFi offerings and the BounceBit chain.

Strengthening compliance standards

Compliance with regulatory requirements is essential for building trust in the digital asset market. BounceBit’s integration of Elliptic’s advanced Blockchain analytics and Anti-Money Laundering solutions (AML), underscores its commitment towards maintaining rigorous compliance standards. BounceBit will be able to monitor transactions on multiple blockchain networks and implement robust AML protocol, improve risk management, as well as ensure global regulatory compliance.

BounceBit Chain Enhanced Security

This partnership has a significant element in the use of Elliptic’s analytics capabilities to the BounceBit Chain. This integration will allow BounceBit enhanced visibility into the blockchain activities. It will also enable BounceBit detect and prevent suspicious activity in real time, ensure transaction integrity and maintain comprehensive audit trail, as well as protect user assets by advanced risk monitoring.

Supporting Multi-Chain Operation

Elliptic’s solutions are crucial in maintaining security and regulatory compliance on all networks supported by BounceBit as it expands its cross chain capabilities. They will use their analytics platform to help BounceBit monitor, secure and manage transactions across multiple blockchain ecosystems. This will ensure a seamless user experience.

Commitment to Regulatory excellence

BounceBit is positioned as a leader for regulated digital assets services thanks to its partnership with Elliptic. Elliptic is recognized as the gold standard of crypto compliance. BounceBit's RWA and CeDeFi services bridge the gap between traditional financial institutions and DeFi. Maintaining robust compliance frameworks is therefore essential as BounceBit continues to grow.

Look Ahead

This integration is more than a compliance upgrade. It's a strategic investment for BounceBit. This partnership will help BounceBit maintain the highest levels of regulatory compliance and security as it continues to expand and innovate.

About Elliptic

Elliptic, a global leader for cryptoasset risk and investigative management solutions, serves crypto businesses, financial institutions and government agencies around the world. Elliptic was founded in 2013 in London, with offices in New York City, Washington D.C. and Singapore.

BounceBit

BounceBit is a pioneer in CeDeFi infrastructure. It offers institutional-grade yields, restaking uses cases, Real World Asset Integration (RWA), and CeDeFi services, making high-yielding opportunities available to everyone.