Elliptic launches the first XLM transaction monitoring system in partnership with the Stellar Development Foundation, enabling financial institutions and crypto businesses to detect illicit activities and manage compliance on the Stellar network.
The Stellar Development Foundation announced an exclusive partnership with Elliptic, a leading crypto-asset risk management provider, to launch the world's first XLM transaction and wallet screening system. Elliptic's compliance software now supports Stellar's native asset, enabling financial institutions, exchanges, and regulators to identify fraud, money laundering, sanctions evasion, and terrorist financing. The partnership leverages Stellar's built-in compliance functionality and Elliptic's forensic capabilities, including dark web research and money laundering pattern identification. This infrastructure also enables rapid support for Stellar-based assets like stablecoins, positioning Elliptic as the preferred compliance provider for the Stellar ecosystem.
