Latest news with #KYT
Malaysian Reserve
13 hours ago
- Business
- Malaysian Reserve
Bybit and Cactus Custody Announce Strategic Partnership with Cactus Oasis Integration
DUBAI, UAE, July 23, 2025 /PRNewswire/ — Bybit, the world's second-largest cryptocurrency exchange by trading volume, today announces a strategic partnership with Cactus Custody, Asia's leading compliant and licensed digital asset custodian under Matrixport Group. Together, they are launching an off-exchange settlement solution via Cactus Oasis, designed to enhance asset security, capital efficiency, and operational control for institutional clients. The integration will go live on July 28, 2025. This partnership enables institutional and professional clients to trade directly on Bybit without pre-funding exchange accounts. Clients deposit collateral into Cactus Custody, where assets are held in fully segregated, regulated custody and transferred to Bybit only at the point of trade settlement, reducing counterparty risk while maintaining access to market liquidity. Shunyet Jan, Head of Institutional and Derivatives at Bybit, commented: 'Bybit is committed to providing institutions with a secure and efficient trading environment. The integration of Cactus Oasis gives our clients more flexibility in managing liquidity without compromising asset protection.' Enhanced Asset Security and Efficiency With Cactus Oasis, institutional clients can trade on Bybit while keeping their collateral securely held in independent custody. Assets remain protected with Cactus Custody until trade settlement, improving capital efficiency and aligning with strict internal governance requirements. Cactus Custody delivers bank-grade security through a tiered hot and cold wallet system, combining hardware security module (HSM) encryption with institutional-grade cold storage. It holds SOC 1 Type 1 and SOC 2 Type 2 certifications from Deloitte and is licensed as a Hong Kong Trust Company and Trust or Company Service Provider (TCSP) under the Hong Kong Monetary Authority, meeting the compliance standards of leading financial institutions. Cactus Oasis: Tailored for Institutional Needs Cactus Oasis offers cross-platform custody through Buffer accounts, a Cactus Oasis feature, streamlining asset management across multiple exchanges. It provides flexible risk controls, including dual- and pre-authorization modes, customizable approval and settlement workflows, and compliance with KYC, KYB, and KYT requirements. Role-based access and multi-level permissions ensure robust governance and operational efficiency. Wendy Jiang, General Manager of Cactus Custody, said: 'This integration with Bybit addresses institutional demands for secure custody, risk reduction, and efficient post-trade settlement. It represents a meaningful step in advancing digital asset trading infrastructure and driving institutional adoption.' Driving Institutional Adoption Globally Bybit and Cactus Custody share a joint vision of supporting institutional adoption with compliant, transparent, and scalable infrastructure. This partnership is particularly impactful for institutions in the Asia-Pacific region, where regulatory clarity, risk controls, and capital flexibility are essential to long-term engagement. #Bybit / #TheCryptoArk / #IMakeIt About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at For more details about Bybit, please visit Bybit PressFor media inquiries, please contact: media@ updates, please follow: Bybit's Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube Logo – View original content:
Cision Canada
13 hours ago
- Business
- Cision Canada
Bybit and Cactus Custody Announce Strategic Partnership with Cactus Oasis Integration
DUBAI, UAE, July 23, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, today announces a strategic partnership with Cactus Custody, Asia's leading compliant and licensed digital asset custodian under Matrixport Group. Together, they are launching an off-exchange settlement solution via Cactus Oasis, designed to enhance asset security, capital efficiency, and operational control for institutional clients. The integration will go live on July 28, 2025. This partnership enables institutional and professional clients to trade directly on Bybit without pre-funding exchange accounts. Clients deposit collateral into Cactus Custody, where assets are held in fully segregated, regulated custody and transferred to Bybit only at the point of trade settlement, reducing counterparty risk while maintaining access to market liquidity. Shunyet Jan, Head of Institutional and Derivatives at Bybit, commented: "Bybit is committed to providing institutions with a secure and efficient trading environment. The integration of Cactus Oasis gives our clients more flexibility in managing liquidity without compromising asset protection." Enhanced Asset Security and Efficiency With Cactus Oasis, institutional clients can trade on Bybit while keeping their collateral securely held in independent custody. Assets remain protected with Cactus Custody until trade settlement, improving capital efficiency and aligning with strict internal governance requirements. Cactus Custody delivers bank-grade security through a tiered hot and cold wallet system, combining hardware security module (HSM) encryption with institutional-grade cold storage. It holds SOC 1 Type 1 and SOC 2 Type 2 certifications from Deloitte and is licensed as a Hong Kong Trust Company and Trust or Company Service Provider (TCSP) under the Hong Kong Monetary Authority, meeting the compliance standards of leading financial institutions. Cactus Oasis: Tailored for Institutional Needs Cactus Oasis offers cross-platform custody through Buffer accounts, a Cactus Oasis feature, streamlining asset management across multiple exchanges. It provides flexible risk controls, including dual- and pre-authorization modes, customizable approval and settlement workflows, and compliance with KYC, KYB, and KYT requirements. Role-based access and multi-level permissions ensure robust governance and operational efficiency. Wendy Jiang, General Manager of Cactus Custody, said: "This integration with Bybit addresses institutional demands for secure custody, risk reduction, and efficient post-trade settlement. It represents a meaningful step in advancing digital asset trading infrastructure and driving institutional adoption." Driving Institutional Adoption Globally Bybit and Cactus Custody share a joint vision of supporting institutional adoption with compliant, transparent, and scalable infrastructure. This partnership is particularly impactful for institutions in the Asia-Pacific region, where regulatory clarity, risk controls, and capital flexibility are essential to long-term engagement. #Bybit / #TheCryptoArk / #IMakeIt About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at
Malaysian Reserve
7 days ago
- Business
- Malaysian Reserve
MetaComp Study Finds Limited KYT Tools Insufficient for Blockchain Compliance
New research on stablecoin flows from MetaComp urges institutions to adopt multi-layered KYT methodology to address critical gaps in AML/CFT compliance. SINGAPORE, July 17, 2025 /PRNewswire/ — As stablecoins are poised to take centre stage in cross-border payments, a new study by MetaComp Pte Ltd (MetaComp), a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS), evaluates the effectiveness of leading on-chain Know-Your-Transactions (KYT) tools in detecting Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) risks across major blockchains . The findings highlight critical vulnerabilities in how crypto transactions are screened for financial crime risk. The study analysed 7,000 live and randomly selected transactions on Ethereum and Tron using four leading KYT providers, Chainalysis, Elliptic, Merkle Science, and Beosin. By comparing the results across single-tool, dual-tool, three-tool, and four-tool screening configurations. Findings revealed that up to 25% of high-risk transactions were not flagged when relying on only one or two KYT tools, exposing critical gaps in transaction monitoring and underscoring the risks of insufficient tooling in regulated digital asset environments. Screening Practices Under ScrutinyThe study focused on real-world transactions involving USDT and USDC, the two most widely used stablecoins in global payment flows, across Ethereum and Tron blockchains. MetaComp's analysis compared the effectiveness of using one to four KYT tools per transaction and found that a three-tool approach significantly improves risk detection while maintaining processing speed suitable for real-time environments. This offers a scalable and practical model for institutional compliance. 'For institutions operating in a regulated environment, especially those dealing with stablecoin flows, it is no longer sufficient to rely on a single tool for transaction screening,' said Tin Pei Ling, Co-President of MetaComp. 'This research provides evidence that layering multiple KYT tools can significantly reduce blind spots and strengthen the integrity of on-chain payment ecosystems. We hope these findings will help elevate industry standards for on-chain risk monitoring and support the development of a more trusted digital finance environment.' Key Findings: Accuracy Improves with Layered ScreeningThe study found that relying on a single KYT tool can result in up to 25% of high-risk transactions being missed, meaning 1 in 4 potentially suspicious transactions may go undetected due to limited screening coverage. These high-risk transactions often involved exposure to sanctioned wallet addresses, stolen funds, darknet-linked activity, coin mixers, and fraud-related schemes, all of which typically trigger reporting or escalation requirements. In contrast, a three-tool screening model lowered the false clean rate to below 0.10%, while maintaining screening speeds under two seconds per transaction. This makes it a practical and scalable for production environments requiring near-instant results. The study also identified five systemic weaknesses across the industry that contribute to screening inconsistencies: fragmented risk coverage across different tools, inconsistent risk categorisation, a lack of standardised outputs, operational complexity in reconciling results, and processing latency introduced by multi-tool setups. The research further observed that Ethereum-based transactions showed lower AML/CFT risk signals than Tron in the sampled dataset. Specifically, 6.95% of Tron transactions were flagged as severe risk compared to 0.70% on Ethereum, with more than 20% of Tron transactions assessed at medium-high risk or worse. While the study did not evaluate blockchain protocols themselves, the findings underscore the need for differentiated compliance strategies based on network-specific transaction behaviour. 'We're not comparing blockchain technologies, but rather the nature of the transactional risk flowing through them,' added Tin Pei Ling. 'Each KYT provider sees different parts of the risk landscape. For institutions, relying on a single perspective is no longer viable – reconciling multiple signals is critical to maintaining regulatory trust. Our goal is to close the gaps with defensible infrastructure.' Stablecoins in Focus for Institutional Risk ManagementUSDT and USDC were selected for this study given their prominence in institutional use cases such as remittance, settlement, and merchant payments. MetaComp recommends that a minimum of three on-chain KYT tools be simultaneously implemented for each transaction to strike an optimal balance between AML/CFT effectiveness, cost, and processing efficiency. Analysis shows that using only one or two tools can result in up to 25% of high-risk transactions being incorrectly cleared — exposing critical compliance gaps. While three tools provide effective baseline coverage, MetaComp has adopted a four-tool setup across its CAMP and StableX platforms, raising the standard to deliver enhanced risk detection and stronger regulatory alignment. Methodology and ScopeThe analysis was conducted using 7,000 real and randomly selected transactions involving USDT and USDC across the Ethereum and Tron blockchains. The sample transactions were drawn from live blockchain data on June 26 and 27, 2025, with all MetaComp internal activity intentionally excluded to preserve research independence. Screening was conducted using four KYT tools – Chainalysis, Elliptic, Merkle Science, and Beosin – selected for their data coverage, typology specialisation, regional intelligence, and integration capabilities. To address the limitations of fragmented vendor data, MetaComp applied a proprietary screening methodology comprising: 1. Standardised risk category mapping2. Unified risk parameter configuration aligned with regulatory expectations3. A multi-tool screening workflow that includes initial screening, direct exposure assessment, transaction-level exposure analysis and wallet-level risk profiling While the dataset represents a point-in-time snapshot, the findings offer directional insight into how different KYT screening configurations perform under real-world conditions. The decision to limit the sample to two stablecoins and two blockchains reflects MetaComp's focus on real-world cross-border flows and the screening costs associated with running multi-tool setups. The research also provides a foundation for broader industry dialogue around how digital asset firms can meet rising regulatory expectations while maintaining operational speed, clarity, and cost efficiency. MetaComp acknowledges the time-bound scope of the analysis and encourages further study to support broader generalisations. -END- About MetaComp MetaComp is a leading licensed cross-border FX and digital assets infrastructure provider headquartered in Singapore and licensed by the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019. Operating on a P2B2C (platform-to-business/partners-to-clients) model, MetaComp empowers institutions, payment service providers, fintechs, and global enterprises to navigate the evolving cross-border payments and the digital asset economy with confidence. With a strong emphasis on compliance, security, and institutional-grade infrastructure, MetaComp delivers an end-to-end suite of digital finance solutions — including OTC and exchange trading, fiat payment rails, regulated digital asset custody, and prime brokerage services. MetaComp is a subsidiary of Alpha Ladder Finance Pte. Ltd., a MAS-licensed Capital Markets Services (CMS) licensee and Recognised Market Operator (RMO). Through its proprietary Client Asset Management Platform (CAMP), MetaComp provides a secure, integrated environment that bridges traditional finance with digital assets. MetaComp's latest innovation, StableX, is a next-generation cross-border FX and liquidity routing infrastructure designed to simplify and accelerate global fund flows. Powered by stablecoins and USD, StableX intelligently optimises multi-currency conversions and settlements, enabling faster, more cost-effective, and highly competitive cross-border transactions. As the FX layer within CAMP, StableX combines the programmability of digital assets with the reliability of regulated infrastructure, delivering a scalable, compliant and seamless ecosystem for the future of global finance. To learn more about MetaComp and its regulated infrastructure and solutions, visit or
Time of India
17-05-2025
- Automotive
- Time of India
HMSI and Hyderabad police hold summer camp to teach road safety to children
Over 750 students took part in a six-day summer camp organised by Honda Motorcycle & Scooter India ( HMSI ) in partnership with the Hyderabad Traffic Police. The camp was held at the Hyderabad Traffic Training Park and focused on teaching children aged 10 to 15 about road safety . Participants were introduced to basic traffic rules, pedestrian awareness and road etiquette through hands-on sessions and real-time simulations. The camp also included a range of activities such as self-defence, painting, music, dance, handwriting improvement, cartooning and personality development. Long-term vision of safer roads This initiative is part of HMSI's wider effort to support the Government of India's target of reducing road accident deaths by 50% by 2030. The programme also aligns with Honda's global goal of achieving zero traffic fatalities by 2050. HMSI has carried out road safety training across 10 adopted Traffic Training Parks and six Safety Driving Education Centres in India. According to the company, over 97 lakh individuals have been educated on safe road practices through these initiatives. Key elements of training include: Theory sessions on traffic rules, road signs, riding posture and safety gearUse of virtual simulators to replicate over 100 road hazard scenariosKiken Yosoku Training (KYT) to build risk awareness and hazard predictionSkill-building exercises such as slow riding and narrow plank riding To broaden access, HMSI has launched E-Gurukul, a digital platform offering road safety content for children aged 5 to 18 in multiple Indian languages. Schools can access the platform at E-Gurukul website or contact the team via email. 'For HMSI, the road to zero doesn't begin with vehicles—it begins with people. And the most lasting change starts when children are encouraged to think, move and lead safely from the very beginning. Because zero isn't just a number, it's a destination. And every ride counts,' the company stated.
Globe and Mail
16-05-2025
- Business
- Globe and Mail
AML Incubator Congratulates Nominis on Winning 1st Prize at Mastercard's Europe-Wide Fintech Forum - and Redefining the Future of Crypto Compliance
Athens, Greece--(Newsfile Corp. - May 16, 2025) - AML Incubator, backs founders who rethink broken systems. AMLI congratulates their partner Nominis for winning 1st place at Mastercard's Europe-wide Fintech Forum 2025 - a powerful signal that the future of crypto compliance is being built now. Snir Levi, founder and CEO of posing with the first prize trophy. To view an enhanced version of this graphic, please visit: Why this matters: Most KYT tools are reactive - built for regulators, not startups. Nominis flips the model: a proactive, API-first KYT & Blockchain Investigation platform built for crypto startups, yet trusted by law enforcement. They help teams see what others miss - the full transaction story, not just source of funds. With Nominis, founders and compliance & risk teams get real-time context: on-chain signals, off-chain intelligence and behavior data - all working together to identify and stop what actually matters. Read more here. What makes Nominis different: Clarity over chaos - decision-ready alerts, not noise Continuous wallet monitoring - not just onboarding scans On-Chain, Off-chain, GeoInt & behavioral analysis - full-spectrum attribution End-to-end case management - resolve faster, act sooner API-first, automation-ready - made to scale with any stack Nominis will now advance to the continental finals in Berlin - a spotlight on the most promising Fintech Companies on the continent. AMLI has deployed Nominis internally and with its portfolio. It consistently uncovers threats legacy KYT tools miss - and gives crypto companies the speed and context they need to stay ahead of financial crime. This is more than a win for Nominis. It's a signal that a smarter, startup-first era of crypto compliance is here. About AML Incubator AML Incubator backs bold startups solving the world's toughest financial crime challenges. From early traction to strategic scale, we help founders build, connect, and redefine the future of trust in finance.
