Elliptic, a leading global platform for managing crypto-asset risks, today announced that it has launched full coverage of Algorand and Polkadot blockchains.
Elliptic announced in a announcement that full compliance coverage for Polkadotand Algorand Blockchains will be made available through its Navigator and Lens products. Elliptic claims that it is the first company to provide global coverage for the Polkadot Blockchain.
Algorand and Polkadot are two of the most rapidly growing blockchains. With a market capitalization of more than $33 billion, Polkadot is one of the most valuable digital currencies. Algorand’s market cap (ALGO), however, is currently at $11.5 billion.
“The announcement follows a significant rise in interest by the business community for tools and data that can help to ensure transparency of transactions on the Algorand and Polkadot blockchains in the recent months. Elliptic stated that both blockchains were “considered among the most useful for the mainstream business community.”
Revolut a leading financial technology company in the world, adopted Elliptic’s cryptocurrency compliance software earlier this year and expanded its cryptocurrency offerings.
Crypto Compliance
Due to the increasing popularity of crypto assets all over the globe, it is becoming more important to have a robust crypto compliance structure. Simone Maini (CEO of Elliptic), highlighted the importance compliance in financial innovation with the most recent announcement.
“Algorand’s and Polkadot’s blockchains have the potential to bring greater efficiency and innovation to the financial sector. We are thrilled to support them from today with the same rigour Elliptic is known for. Maini stated that this announcement is an important step towards our goal to support the financial community with the most comprehensive coverage of all blockchains.
Currently, Polkadot trades at $34. The DOT gained 13% over the past 24 hours. Algorand trades at $1.86
