Sat, Apr 20, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund Paretone Capital partners with AnChain.AI
Monday, March 15, 2021

Laxman Pai, Opalesque Asia:

Paretone Capital, an OTC trading desk and hedge fund with over $2 billion in annual trading volume, announced its partnership with Silicon Valley-based blockchain intelligence provider AnChain.AI.

According to a joint press release, the companies formed the partnership to reinforce their cryptocurrency AML/KYC regulatory compliance and infrastructure, and bring greater security and transparency to the digital asset economy.

Paretone Capital Founder & CEO Vincent Wang said: "The AnChain.AI team has helped us enhance our AML and compliance programs, ensuring our blockchain assets and over $2B in annual OTC trading volume is secure and giving us greater peace of mind. It was a pleasure to work with AnChain.AI's team to create a more secure and transparent cryptocurrency world that everyone can safely enjoy."

Following its recent meteoric rise, the cryptocurrency industry has seen a proportionate emergence of new regulatory challenges, said the release. In 2020, over $10.5 Billion in cryptocurrency was stolen by illicit actors, with $8 Billion more circulating in the black market, mixer, tumbler, DeFi, DEX, NFT, and more.

The news release said that such rapid growth has spurred regulators to action, with government bodies like FinCEN and OFAC introducing new regulations in 2021, and cracking down on VASPs lacking adequate AML/CFT programs, even for transactions nearly a decade old. Just last month in February 2021, payment provider ......................

To view our full article Click here
Article link
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1

Click here for More about Opalesque Tracking
- A new, unique Premium Service -
  1. millennium
  2. whitebox
  3. lmr
  4. deshaw
  5. kedge
  1. mortgage fund
  2. Man Group
  3. social media
  4. Mark
  5. marshall wace