CertiK Launches SkyInsights to Simplify Crypto Compliance and Risk Management

Designed to meet the pressing crypto compliance and risk management demands of Web3 enterprises and stakeholders, SkyInsights underscores CertiK’s commitment to raising standards of security and transparency across the industry.

As the global trend toward stronger AML/CFT regulations accelerates, the need for tools like SkyInsights is clearer than ever.

Leveraging CertiK’s extensive, real-time databases, SkyInsights’ risk insights are enriched with over two billion wallet addresses and smart contract tags and over 150 diverse tag categories , providing users with a comprehensive view of transaction and counterparty risk. Years before terms like DeFi became commonplace, CertiK collected critical data, labeled wallets, identified security incidents, and provided real-time alerts.

With the launch of SkyInsights, this vast pool of data is being leveraged to redefine crypto compliance standards. The platform offers unparalleled portfolio filtering capabilities and the ability to “know your trade” better than ever. SkyInsights is essential for any digital asset-exposed business seeking clarity and control over its transaction and counterparty risks.

The platform integrates seamlessly with CertiK’s comprehensive suite of security services and once again confirms CertiK’s strategy and vision for end-to-end security. Meaningful crypto compliance requires deep knowledge of all layers of the Web3 stack, from the smart contracts that protocols are built on, to the wallet addresses that interact with them, and finally to the transactions that constitute the on-chain activity that must be monitored.

SkyInsights comprehensive transaction monitoring software not only flags potential issues but also provides actionable insights for rapid resolution. Audit trails are automatic and escalation of files is as simple as clicking a button.

With SkyInsights, crypto compliance isn’t just a regulatory box to check, it’s a streamlined process that protects businesses exposed to cryptocurrencies and strengthens the integrity of the industry. By leveraging CertiK’s advanced expertise in security incident monitoring and analysis, as well as real-time database updates, SkyInsights ensures alerts are both accurate and timely.

Jason Cao, Chief Operating Officer at CertiK, said: “The introduction of SkyInsights reaffirms CertiK’s commitment to setting industry benchmarks for security in Web3. With this powerful crypto risk management and compliance tool, we are not just reacting to industry needs, but proactively securing the future of Web3.

BitMart, as the first trading platform to adopt SkyInsights, CertiK’s risk control and transaction monitoring product, will use this collaboration to take full advantage of SkyInsights’ comprehensive risk and compliance management system to help users make smarter decisions.

Additionally, BitMart and CertiK will work together to advance technology standards for asset freeze requests (FAQs), explore data labeling standards, and standardize information exchange processes, all with the goal of to improve data accuracy and coverage to promote the security and healthy development of the Web3 industry.

CEO of BitMart, Sheldon Xia, said: “By integrating real-time transaction monitoring and alerting data provided by SkyInsights, we will provide users with more transparent and reliable information on controlling compliance risks. We hope that by introducing authoritative third-party security platforms like CertiK, we can further strengthen the security of the trading ecosystem and expand BitMart’s influence throughout the industry.

Since 2022, CertiK has detected more than 1,100 security incidents resulting in a total loss of $4.8 billion. Leveraging CertiK’s vast database resources, the company’s suite of SaaS security products actively monitors and tracks more than two billion wallets and smart contract addresses, providing comprehensive real-time trend assessments in terms of security for nearly 12,000 projects.

To date, CertiK has audited more than 4,100 Web 3.0 projects, identified nearly 70,000 vulnerabilities in blockchain code, and protected digital assets valued at nearly $370 billion.

SkyInsights is the latest manifestation of CertiK’s vision for a more secure and transparent Web3 world. The platform allows Web3 businesses to focus on their core operations, meaning they can build the future of this dynamic sector while rest assured their compliance needs are met.