XChain, a global leader in blockchain forensics and transaction monitoring, has officially launched its services for institutional and retail Virtual Asset Service Providers (VASPs) in Dubai. This expansion is part of XChain’s ongoing partnership with Dubai’s VARA, where it has been the exclusive forensic transaction monitoring partner since 2022.
The launch marks an important step in addressing regulatory gaps and ensuring the integrity of on-chain transactions for VASPs and traditional financial institutions that venture into digital assets. With a suite of tools for compliance frameworks, transaction forensics, and regulatory consulting, XChain aims to improve lifecycle support for stakeholders navigating the complex regulatory landscape.
Strengthening the Regulatory Foundation in Dubai’s Digital Economy
XChain’s entry into Dubai comes at a time when the UAE is positioning itself as a global hub for digital assets, emphasizing the need for robust governance. As VASPs and traditional financial institutions explore the potential of blockchain, XChain’s analytics-driven risk management tools promise to provide the transparency and reliability needed to scale operations.
“With an increasing number of companies looking to tap into the UAE’s digital asset industry, it is imperative for compliance functions within VASPs to have access to cutting-edge analytics,” said Haydn Jones, the new appointed Managing Director of XChain. A seasoned expert in digital asset regulation and blockchain forensics, Jones emphasized the company’s commitment to offering a trusted framework for on-chain monitoring.
XChain’s risk-based frameworks and on-chain analytics are designed to provide VASPs with real-time insights into transaction risks, enabling proactive decision-making. By matching critical knowledge gaps, the firm positions itself as a key player in Dubai’s regulatory ecosystem, supporting not only VASPs but also insurers, financial institutions, and professional firms of service.
Combining TradFi and Digital Assets
One of XChain’s most ambitious initiatives is its collaboration with VARA to develop a regulatory dashboard tool, which is expected to debut in beta later this year. This dashboard will provide real-time on-chain data and open-source intelligence, enabling institutions—including traditional financial players—to unify risk monitoring efforts .
Matthew White, CEO of VARA, emphasized the importance of XChain’s contributions, stating, “XChain’s launch of its transaction monitoring services represents a significant step forward in enabling VASPs to operate with improved transparency and confidence. This collaboration sets new benchmarks for regulatory technology and builds bridges with traditional financial institutions exploring this space.”
Setting a Global Benchmark for Digital Asset Oversight
XChain’s entry into Dubai is poised to set the gold standard for regulatory technology in the region. By using advanced blockchain forensics and compliance tools, the firm not only improves transparency but also lays the foundation for trust and innovation in the digital asset sector.
As the UAE accelerates its efforts to attract global blockchain initiatives, XChain’s presence underscores the important role of compliance and risk management in shaping a resilient and scalable digital economy. With its focus on enabling VASPs and traditional institutions to navigate the digital asset space with confidence, XChain is setting a path for responsible growth in a rapidly evolving industry.
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