This technology is critical to anti-money laundering (AML) and know-your-customer (KYC) processes, especially for banks and law firms facing increased risk from individuals with ties to cryptocurrency ownership. In addition to transaction monitoring, the product is now equipped to screen for existing cases of insolvency, bankruptcy or other currency-related issues that may have been exposed to cryptocurrencies without the client's knowledge.

This ground-breaking solution, primarily targeted at lawyers and auditors, has already shown excellent results in the Nordic region. VALEGA's next goal is to launch the product in Hong Kong and Singapore, where interest is high due to new crypto regulations coming into effect on 1 July.

"We are excited to enter the Asian market with the support of Oasia Ventures and Wiser Asia," said Sven Martinsson, CEO of VALEGA Chain Analytics. "By working closely with industry stakeholders, intermediaries and investors, and aligning with international regulatory requirements and standards, Hong Kong is poised to become a leading global hub for virtual assets. This collaboration enhances our ability to provide advanced transaction monitoring services and litigation and potential criminal support, and strategically positions us in Hong Kong and the Greater Bay Area, a hub of economic vitality and innovation in China."

VALEGA's services include blockchain analysis, transaction monitoring and fund tracing, as well as comprehensive investigative support for law firms, accounting firms and government agencies to address the complexities of cybercrime in the cryptocurrency domain.