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Solidus Labs and Amber Group Partner for Enhanced Market Integrity

Solidus Labs collaborates with Amber Group to integrate HALO platform, boosting risk monitoring and regulatory compliance in digital asset management.
Published on 2023-11-08

Strategic Partnership to Enhance Market Integrity

Solidus Labs has formed a strategic partnership with Amber Group to integrate its HALO platform into Amber’s digital wealth management system. This collaboration is set to enhance risk monitoring, regulatory compliance, and prevent market abuse within the digital asset sphere.

Advanced Monitoring with HALO Platform

The HALO platform is a cutting-edge tool that employs machine learning to monitor over 1 trillion daily events across more than 150 markets, protecting over 25 million entities. It provides real-time responses to suspicious trading activities, significantly enhancing market integrity.

Responding to Regulatory Changes

This partnership aligns with the growth of Hong Kong’s digital asset market and the new virtual asset licensing guidelines introduced by the Securities and Futures Commission (SFC). Solidus Labs supports Amber’s vision of delivering advanced liquidity solutions and a robust trading infrastructure.

Industry-Wide Efforts for Fair Crypto Markets

Solidus Labs recently organized the DACOM Summit in Hong Kong, focusing on the SFC’s licensing guidelines and market integrity issues in the DeFi sector. The summit highlighted the industry's collective drive toward fairer crypto markets, supported by initiatives like the Crypto Market Integrity Coalition.

Commitment to Security and Compliance

Amber Group, known for its crypto-native liquidity solutions and digital wealth management services, emphasizes security and compliance. This commitment was reiterated by Lin Ma, Amber’s Chief Legal Officer, during the partnership announcement.

Strong Investor Backing

Both companies enjoy robust backing from leading investors. Amber Group's supporters include Fenbushi Capital US, Sequoia, Paradigm, Tiger Global, Dragonfly, Pantera, Coinbase Ventures, and Blockchain.com. Solidus Labs is recognized for its dedication to market integrity as a founder of the Crypto Market Integrity Coalition.

This partnership marks a pivotal move towards ensuring a secure and compliant digital asset environment, reflecting significant advancements in market integrity and regulatory adherence.

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