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Monday, February 17, 2025
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TRM Labs Announces Strategic Investment from JPMorgan Chase & Co. in Blockchain Intelligence Platform

TRM Labs, a leader in blockchain intelligence, announced today that JPMorgan Chase & Co. has joined the roster of leading financial firms to invest in its crypto compliance and risk management technology. Financial institutions, cryptocurrency businesses, regulators, and law enforcement agencies worldwide use TRM’s technology to monitor cryptocurrency transactions for suspicious activity and to trace the movement of stolen or other illicitly obtained funds.

“This investment clearly highlights the significance of the growing crypto economy and the importance of building trust and safety in this ecosystem to sustain its growth,” said Esteban Castaño, Co-Founder and CEO of TRM. We’re thrilled to build on this opportunity as we work to enable a safer crypto economy for all.”

“TRM’s vision to drive security and integrity in crypto ecosystems through sophisticated analytics solutions aligns with our ambitions for building blockchain products at J.P. Morgan that are compliant and secure,” said Umar Farooq, CEO, Onyx by J.P. Morgan. “We’ve spent the last six years exploring the possibilities and applicability of blockchain technology – leading infrastructure companies like TRM will help usher in the future of secure blockchain and crypto use cases.”

TRM’s Transaction Monitoring solution allows financial institutions and cryptocurrency businesses to meet Anti-Money Laundering (AML) regulatory requirements and manage reputational and operational risk. Additionally, law enforcement agencies use TRM’s Forensics tool to investigate sophisticated crypto-related crime. TRM is the only platform that provides cross-chain analytics, which allows detection and investigation of high-risk activity across multiple blockchains, providing unique insight into money laundering techniques increasingly used by sophisticated threat actors.

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