Solidus Labs has announced a strategic partnership with Amber Group to integrate its HALO platform into Amber's digital wealth management system. The collaboration aims to bolster risk monitoring, regulatory compliance, and prevent market abuse.
The HALO platform uses machine learning models to monitor over 1 trillion daily events across more than 150 markets, safeguarding over 25 million entities. It offers real-time response capabilities to suspicious trading activity, a significant step in enhancing market integrity.
The partnership comes amidst the growth of Hong Kong's digital asset market and the introduction of new virtual asset licensing guidelines by the Securities and Futures Commission (SFC). Asaf Meir, Solidus Labs' Founder and CEO, expressed his support for Amber's vision of providing advanced liquidity solutions and trading infrastructure.
Solidus Labs recently hosted its DACOM Summit in Hong Kong, where discussions centered on the SFC's virtual asset licensing guidelines and market integrity challenges in the DeFi sector. The summit also promoted the industry-wide effort towards fairer crypto markets facilitated by initiatives like the Crypto Market Integrity Coalition.
Amber Group, a provider of crypto-native liquidity solutions and digital wealth management services, places a significant emphasis on security and compliance. Lin Ma, Amber's Chief Legal Officer, reiterated this commitment during the announcement of the partnership.
Notably, both companies have strong backing from leading investors. Amber Group is supported by Fenbushi Capital US, Sequoia, Paradigm, Tiger Global, Dragonfly, Pantera, Coinbase (NASDAQ:COIN) Ventures, and Blockchain.com. Meanwhile, Solidus Labs is recognized for its commitment to ensuring market integrity as the founder of the Crypto Market Integrity Coalition.
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