Xchaina 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 comes as part of Xchain’s ongoing collaboration with Dubai’s BEwhere it has been the exclusive forensic transaction monitoring partner since 2022.
The deployment marks a crucial step in addressing regulatory gaps and ensuring the integrity of on-chain transactions for VASPs and traditional financial institutions venturing 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 regulatory foundations 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 strong supervision. As Vasps and traditional financial institutions explore the potential of Blockchain, Xchain’s analytics-based risk management tools promise to provide the transparency and reliability required to scale operations.
“With a growing number of companies looking to tap into the UAE digital asset industry, it is imperative for compliance functions within VASP to have access to cutting-edge analytics,” said Haydn Jones, the newly appointed managing director of Xchain. An experienced expert in digital asset regulation and blockchain forensics, Jones emphasized the company’s commitment to offering a reliable framework for on-chain monitoring.
Xchain’s risk-based frameworks and on-chain analytics are designed to equip VASPs with real-time information on transaction risks, enabling proactive decision-making. By bridging critical knowledge gaps, the company is positioning itself as a key player in Dubai’s regulatory ecosystem, supporting not only Vasps but also insurers, financial institutions and professional services firms.
Bridge traditional 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, highlighted the importance of Xchain’s contributions, stating: “Xchain’s deployment of its transaction monitoring services represents a significant step forward in enabling VASP to operate with greater transparency and trust. This collaboration is setting new benchmarks for regulatory technology and building bridges with traditional financial institutions exploring this space.”
Establish a global benchmark for digital asset oversight
Xchain’s entry into Dubai is set to set a gold standard for regulatory technology in the region. By leveraging Blockchain’s advanced compliance tools and compliance tools, the company is not only improving transparency but also establishing a foundation for trust and innovation in the digital asset sector.
As the UAE accelerates its efforts to attract global blockchain initiatives, Xchain’s presence underlines the vital role of compliance and risk management in shaping a resilient and scalable digital economy. With its focus on enabling VASPs and traditional institutions to confidently navigate the digital asset space, Xchain is charting a path for responsible growth in a rapidly evolving industry.
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