Chainalysis joins Emirates NBD’s Digital Asset Lab

Rick Steves

“Chainalysis is excited to collaborate with Emirates NBD through its Digital Asset Lab, leveraging its data and solutions to facilitate safe and transparent digital asset services.”

Chainalysis, the renowned blockchain data platform, 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.

“Financial institutions play a pivotal role in sculpting the future of digital assets”

Miguel Rio Tinto, Group Chief Digital and Information Officer at Emirates NBD, said: “As a leading local bank that has always been committed to innovation, Emirates NBD is proud to partner with Chainalysis and welcomes the company to the Digital Asset Lab to pave the way for pioneering solutions in the financial sector. By partnering with Chainalysis, the bank aims to provide a more transparent and reliable digital finance environment for customers, thereby fostering greater trust and confidence in the bank’s digital offerings.”

Nicola Buonanno, VP Southern EMEA at Chainalysis, commented: “Financial institutions play a pivotal role in sculpting the future of digital assets, offering secure avenues for investor engagement with the right risk mitigation measures. Chainalysis is excited to collaborate with Emirates NBD through its Digital Asset Lab, leveraging its data and solutions to facilitate safe and transparent digital asset services. Together with the Emirates NBD, we aim to forge a resilient financial sector, fostering confidence and further advancing the UAE’s leadership in digital assets innovation.”

The Digital Asset Lab was set up 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. The Lab focuses purely on digital assets and how underlying technologies can be leveraged to enable customers to effectively manage their financial services requirements in the evolving and dynamic environment of digital assets.

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.

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