Cronos from Crypto.com partners with Chainalysis to track CRC-20 tokens

Cronos has partnered with blockchain intelligence firm Chainalysis to enable real-time transaction monitoring of Cronos (CRO) tokens and all CRC-20 tokens running on the Cronos network, according to an announcement shared on Wednesday.

The new compliance integration is designed to allow institutions, cryptocurrency exchanges and digital asset funds to track CRC-20 token transactions, allowing users to track large volumes of activity and identify high-risk transactions. In particular, this collaboration allows institutions and exchanges to focus on the most pressing issues and report suspicious behavior appropriately.

The integration marks the evolution and institutionalization of the Cronos blockchain and the digital assets deployed on it. "Application developers and service providers will have access to cutting-edge tools and services." "One of these key foundations is the Chainalysis data platform," said Cronos Managing Director Ken Timsit.