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New AI-Driven Platform Revolutionizes Blockchain Risk Management

TL;DR

  • Lockchain.ai launches AI-powered risk platform for blockchain, aiding traders and investors.
  • Founded by cybersecurity experts, it offers real-time risk monitoring and predictive analysis.
  • Backed by $4.6M seed funding, Lockchain.ai aims to revolutionize blockchain security.

Lockchain.ai, a groundbreaking AI-powered Blockchain Risk Management (BRM) platform, has officially emerged from stealth mode to provide automated risk management solutions to traders, investors, and fund managers within the blockchain ecosystem. The platform, founded by cybersecurity veterans Aidan Kehoe, Andrew Howard, and entrepreneur Matt Higgins, aims to bring speed, scalability, transparency, and security to the digital asset management industry.

Lockchain.ai’s Software-as-a-Service (SaaS) platform offers continuous due diligence and risk monitoring, providing traders and asset managers with real-time security status updates on the assets they handle. By analyzing both on-chain and off-chain activities, the platform delivers comprehensive risk assessments, enabling informed decision-making on a large scale. Moreover, it facilitates the reconciliation of on- and off-chain balances, addressing compliance concerns, especially with the emergence of Bitcoin ETFs.

Endorsements from industry leaders

Jan van Eck, CEO of VanEck Associates, emphasized the importance of robust risk management processes in financial services firms engaging with digital assets. He highlighted Lockchain.ai’s ability to provide visibility into counterparties, vendors, and tokens, making it an indispensable tool for risk management professionals.

Nick Percoco, Chief Security Officer at Kraken, stressed the necessity for users and traders in the blockchain and crypto space to understand the risks involved. He praised Lockchain.ai for offering insights into market events and vulnerabilities, crucial for safeguarding investments in a dynamic environment.

Lockchain.ai was founded in 2023 by industry leaders who recognized the need for enhanced security solutions in the blockchain sector. With a mission to provide easy-to-use yet effective security and risk mitigation tools, the company raised $4.6M in seed funding led by Lerer Hippeau, with additional support from prominent investors such as Arrington Capital and Valhalla Ventures.

Future prospects and expansion plans

Lockchain.ai’s emergence from stealth mode marks a significant milestone in its mission to redefine security for blockchain assets. The platform’s generative AI enables rapid analysis of vast amounts of data, offering real-time risk insights and predictive analysis. With plans to introduce automation capabilities in responding to events, Lockchain.ai aims to stay ahead in the rapidly evolving digital asset management landscape.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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Benson Mawira

Benson is a blockchain reporter who has delved into industry news, on-chain analysis, non-fungible tokens (NFTs), Artificial Intelligence (AI), etc.His area of expertise is the cryptocurrency markets, fundamental and technical analysis.With his insightful coverage of everything in Financial Technologies, Benson has garnered a global readership.

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