Scorechain’s Blockchain AML Compliance solution Now Supports Celer Bridge Protocol
Scorechain has expanded to encompass Celer Bridge, a multi-chain interoperability protocol that allows users to bridge assets and arbitrary messages across different blockchains. You can now follow all the coins swapped through this protocol including Ethereum, BSC, Polygon, Avalanche, Arbitrum, Fantom, Moonriver, Optimism, and more. This extension enables users to actively monitor and track transactions in real time, thereby strengthening risk assessment capabilities and mitigating potential threats linked to the Celer Bridge Protocol.
What is Celer Bridge?
Celer Bridge, developed by Celer Network, has been designed to enhance cross-chain interoperability within the blockchain ecosystem. Its primary goal is to enable seamless transfers of assets and data across diverse blockchain networks, breaking down the barriers presented by isolated networks.
Celer Bridge operates as a decentralized and non-custodial solution for bridging assets. It boasts support for over 150 tokens, spanning more than 40 blockchains and layer-2 rollups. Notably, it has achieved a significant milestone by facilitating cross-chain asset transfers exceeding ~$13 billion across 40+ blockchains, catering to a user base exceeding 350,000 individuals.
Scorehcain supports the Celer Bridge Protocol (Generic Router Protocol)
Scorechain’s blockchain analytics solution offers real-time capability in recognizing cross-chain transactions including the Celer Bridge protocol.
By enabling the identification of cross-chain transfers within the platform, users gain the convenience of effortlessly tracking funds across various blockchains through a unified interface.
Users can easily get insightful data concerning cross-chain transfers, including on Celer Bridge Protocol, encompassing details such as sender and recipient addresses, involved crypto assets, transaction amounts, and the twin transaction, empowering users to trace funds across multiple blockchains.
Scorechain solution offers robust tools that facilitate seamless checks for anti-money laundering (AML) compliance. The primary features encompass:
Scorechain provides a blockchain analytics and transaction monitoring platform for crypto assets. As a leader in crypto compliance, the Luxembourgish company has helped over 200 customers in 45 countries since 2015, ranging from cryptocurrency businesses to financial institutions with crypto trading, custody branch, digital assets, customers onboarding, audit and law firms, and some LEAs.
Scorechain’s platform provides identifying data and risk assessment for 30+ blockchains. The platform connects to different sources and block lists to provide risk scoring on crypto assets, transactions, addresses, and entities. The risk assessment methodology applied by Scorechain has been verified and is fully customizable to fit all jurisdictions. Customers can monitor infinite possibilities of risk scenarios with a wide range of parameters provided so businesses under the scope of the crypto regulation can report suspicious activity to authorities with enhanced due diligence.