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HashKey engages Solidus Labs to detect suspicious activities

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Ben El-Baz, managing director of HashKey Global (File photograph)

A Bermudian-based digital-asset exchange has partnered with US-headquartered Solidus Labs to help it detect suspicious activities on the platform.

HashKey Global, a flagship exchange under the HashKey Group, said Solidus Labs is a pioneer in crypto-native compliance and security solutions.

By leveraging Solidus's technology, the company said, it was able to swiftly establish comprehensive surveillance capabilities across both spot and soon-to-be-launched derivatives markets on HashKey Global, its newly launched Bermudian-licensed exchange.

It said the collaboration will facilitate real-time alerts and market inspection, ensuring robust monitoring and detection of suspicious activities.

"Solidus Labs emerged as the ideal partner for us due to their expertise in trade surveillance and deep understanding of the cryptocurrency landscape," said Ben El-Baz, managing director of HashKey Global.

"Their on and off-chain detection algorithms, coupled with a holistic compliance platform, align perfectly with our vision for advancing regulatory compliance and market integrity on our platform."

HashKey Global and Solidus Labs achieved an implementation timeline spanning a mere two weeks from contract signing to go-live target.

"The success of this swift implementation — internally dubbed as ‘real-time in no-time’ — not only showcases the technical prowess of both HashKey Global and Solidus Labs but also underscores our shared commitment to driving innovation and upholding the highest standards of regulatory compliance and market integrity within the digital-asset ecosystem," said Asaf Meir, Solidus Labs founder and chief executive.

"We are excited to support HashKey Group in their mission to extend its ‘regulated model’ globally and establish HashKey Global as a trusted, secure and compliant digital-asset trading platform.”

HashKey Global is a digital-asset trading platform operated by HashKey Bermuda Ltd under a Type F licence granted by the Bermuda Monetary Authority.

Asaf Meir, Solidus Labs founder and chief executive (File photograph)

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Published April 24, 2024 at 6:15 pm (Updated April 24, 2024 at 8:16 pm)

HashKey engages Solidus Labs to detect suspicious activities

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