Elliptic has integrated the Sei blockchain into its network, enhancing its blockchain coverage to over 50 networks and strengthening compliance tools for financial institutions globally.
The integration of Sei blockchain by Elliptic advances its analytics capabilities and compliance support for financial institutions navigating the complexity of cross-chain transactions.
Elliptic Expands Network Coverage to 50+ Blockchains
Elliptic, a leader in blockchain analytics, expanded its coverage by including Sei. This integration increases the total networks covered to over 50, doubling many competitors and enhancing compliance tools for financial institutions. According to Elliptic’s Supported Crypto Networks Overview, their coverage includes a wide range of blockchain technologies facilitating comprehensive analytics.
Elliptic’s CTO, Jackson Hull, emphasized the need for real-time insights across multiple chains. The expansion is significant for managing risks and ensuring regulatory compliance, supporting complex transaction investigations. Hull stated, “As the crypto landscape continues to evolve and cross-chain activity becomes a daily norm, organizations require deep, real-time insights into asset flows across an expanding number of blockchains. Elliptic’s industry-leading blockchain coverage provides the visibility essential for decision making, managing risk, ensuring regulatory compliance, and confidently investigating complex transactions.” — Business Insider
Sei Integration Boosts Compliance Capabilities
The integration allows financial institutions to monitor cross-chain transactions more effectively, addressing the growing necessity for comprehensive analytics in compliance. The market views such expansions favorably, providing confidence in regulatory environments.
Sei’s inclusion strengthens Elliptic’s market positioning, as 33% of complex investigations require multi-chain tracking. Historical data shows such expansions generally receive positive responses, especially from institutional users and compliance-driven projects. This aligns with previous expansions such as the Elliptic Expands Blockchain Coverage with New Mantra Integration, which positively impacted customer confidence.
Experts Predict Positive Impact from Sei Addition
Elliptic’s previous expansions, including MANTRA, enhanced compliance suites, boosting market confidence. Similar reactions are anticipated following the integration of Sei, with historical trends highlighting the importance of multi-chain analytics.
Experts from Kanalcoin suggest that enhancing blockchain coverage is crucial as cross-chain analytics become more prevalent. The integration is expected to lead to improved security, affecting market sentiment positively based on historical data.
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