MUFG Innovation Partners makes a strategic investment in Chainalysis
TOKYO and NEW YORK, April 17, 2019 — MUFG today announced that MUFG Innovation Partners Co., Ltd. (MUIP), a corporate venture capital fund and wholly owned subsidiary of MUFG, recently invested in Chainalysis, Inc., a provider of investigation and compliance solutions to combat against illicit cryptocurrency activities.
The Chainalysis investment is MUIP’s first investment outside of Japan and second since its January 2019 launch by MUFG. With the investment, Chainalysis plans to expand its business in Asia-Pacific and to open an office in the region.
1. The objective of the investment
Chainalysis has emerged as a leading provider of cryptocurrency compliance solutions. While the development and adoption of blockchains and corresponding decentralized financial systems have been growing, infrastructure and regulatory compliance frameworks are needed to ensure and build trust amongst all stakeholders.
“Chainalysis’s compliance technology is important to providing the insight and anti-money laundering controls banks need in order to establish next-generation compliance frameworks,” said Nobutake Suzuki, MUFG Innovation Partners’ President and CEO. “Today’s announcement signals our joint commitment to growing the cryptocurrency industry in Japan and Asia-Pacific more soundly and broadly. Further, it is our hope that this investment will lead MUFG toward forming a closer strategic relationship with Chainalysis.”
Based in New York, Chainalysis leverages deep analytics and machine learning while maintaining data privacy to help law enforcement agencies track illicit cryptocurrency transactions. The company also provides financial institutions and cryptocurrency businesses with insights to help assess and enhance their controls as necessary.
MUIP’s primary focus is to pursue partnerships and business synergies between MUFG group companies and portfolio companies. It plans to continue seeking investment opportunities in the financial technology (fintech) sector.
Name： Chainalysis, Inc.
Date of Establishment： April 20, 2015
Headquarters ： New York, D.C., Copenhagen ,United States
Representative： Michael Gronager
Business Description： design and develop anti-money laundering software for Bitcoin businesses.