The Stellar Development Foundation partnered with Elliptic to integrate crypto-asset risk management and AML compliance tools into the Stellar network, enabling businesses to conduct enhanced compliance checks on assets from issuance to redemption while maintaining the network's built-in compliance functionality.
The Stellar Development Foundation announced a partnership with Elliptic, a leading provider of crypto-asset risk management solutions, to integrate compliance tools into the Stellar network. Stellar has built-in compliance features allowing businesses to perform checks throughout an asset's lifecycle, but the burden of adequately executing those checks falls on individual businesses. Elliptic's AML software and forensic services help identify suspicious wallets and transactions without collecting sensitive personal data. The integration allows rapid deployment of Elliptic's tools for Stellar-based assets, providing businesses with enhanced risk assessment capabilities. While Elliptic is a preferred partner and the first service integrated with Stellar, using their services remains optional. These compliance tools are critical for broader blockchain adoption and addressing regulator concerns about illicit activity.
