Case Study: Binance Chain Achieves Compliance Monitoring for BNB with Elliptic

Binance Chain - Customer Case Study

Binance Chain, a blockchain for decentralized issuance and exchange of cryptoassets, needed better compliance and risk monitoring as it grew around BNB and BEP2 tokens. To support regulated use of assets on its network, the chain required blockchain monitoring capabilities that could help exchanges, custodians, and issuers assess transaction risk and meet AML expectations. Elliptic provided its blockchain monitoring platform, including Elliptic Navigator and Elliptic Lens, to cover Binance Chain and BNB.

With Elliptic, Binance Chain was added to a monitoring platform that now supports over 97% of cryptoassets by trading volume. Elliptic’s solution enables source-of-funds tracing for BNB transactions, due diligence on wallets and counterparties, and extension of monitoring to BEP2 tokens, helping customers make risk-based compliance decisions and meet regulatory standards.

Binance Chain