Chainalysis Joins Emirates NBD’s Digital Asset Lab

Chainalysis, a leading blockchain data platform, has announced its collaboration with Emirates NBD through its Digital Asset Lab. The partnership aims to leverage Chainalysis’ data and solutions to facilitate safe and transparent digital asset services.

Chainalysis and Emirates NBD join forces to foster a more transparent and reliable digital finance environment for customers, furthering the UAE’s leadership in digital assets innovation.

Chainalysis: A New Key Council Member

Chainalysis has been announced as the new key council member of the Digital Asset Lab, a council founded in May 2023 and led by Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region. Other council members include professional services firm PwC, digital asset transfer and direct custody technology platform Fireblocks, and enterprise Distributed ledger technology platform R3.

Emirates NBD and Chainalysis: A Partnership for Innovation

Miguel Rio Tinto, Group Chief Digital and Information Officer at Emirates NBD, expressed the bank’s commitment to innovation and its pride in partnering with Chainalysis. The partnership aims to pave the way for pioneering solutions in the financial sector, fostering greater trust and confidence in the bank’s digital offerings.

Financial Institutions and the Future of Digital Assets

Nicola Buonanno, VP Southern EMEA at Chainalysis, highlighted the pivotal role of financial institutions in shaping the future of digital assets. He expressed excitement over the collaboration with Emirates NBD, aiming to forge a resilient financial sector and advance the UAE’s leadership in digital assets innovation.

The Digital Asset Lab: A Platform for Innovation

The Digital Asset Lab was established with the goal of enabling and accelerating digital asset and financial services innovation in the UAE. Emirates NBD is determined to establish a robust platform with industry experts for the development of innovative ideas in financial services using digital assets and their underlying technologies.

Conclusion

With the addition of Chainalysis to the council, the Digital Asset Lab will be able to leverage its expertise in blockchain analysis and compliance to strengthen the development of innovative financial products and services. Emirates NBD plans to leverage Chainalysis’ analytics and investigative capabilities to further discern market trends and customer needs, marking a significant step forward in the evolution of digital finance.