Deloitte has forged a partnership with blockchain data platform Chainalysis to help their mutual clients in tackling challenges related to digital asset ecosystem compliance.

The partnership will allow Chainalysis’ and Deloitte’s shared customers to utilise the former’s blockchain dataset and analytics software and training programme.

Besides, the clients will be able to leverage Deloitte’s services to help clients manage forensic, investigative, and compliance programmes.

Both companies aim to address the market demand for risk management technology solutions and services.

Based in the US, Chainalysis offers data, software, services, and research to government agencies, exchanges, financial institutions as well as insurance and cybersecurity firms.

Chainalysis president and chief revenue officer Thomas Stanley said: “For law enforcement agencies, regulators, and financial ecosystem players across the nation, the alliance offers new, collaborative solutions that help identify transformation gaps, accelerate mission success at enterprise scale, and mitigate risk while increasing revenue.”

The blockchain data platform will collaborate with Deloitte’s blockchain and digital assets practice across cryptocurrency and digital asset risk, analytics, investigation, anti-money laundering/know your customer (AML/KYC), and regulatory compliance.

Furthermore, Deloitte will extend its practitioner pool trained and certified in Chainalysis products focused on blockchain analytics and investigations.

Deloitte advisory blockchain and digital asset practice lead Tim Davis said: “As digital asset adoption and proliferation continues, Deloitte is committed to advising our clients on leading thinking and approaches to risk management, analytics use, and regulatory compliance.

“Our new alliance with Chainalysis is another demonstration of Deloitte’s investment in its digital asset innovation ecosystem for the benefit of our clients.”