Solidus launches HALO for surveillance and market integrity in crypto and DeFi
HALO addresses crypto-specific challenges like new market structures, volatility, volumes, data types, decentralized services, trading dynamics, crypto-native market abuse typologies – and evolving business and regulatory demands.
Solidus Labs has launched an automated, comprehensive and testable trade surveillance and market integrity hub tailored for digital assets.
Going by the name of HALO, the trailblazer in the digital asset compliance technology space was built to safeguard businesses from a growing range of crypto-specific risks.
Solidus Labs believes HALO will be instrumental in shaping the future of financial risk monitoring as it provides Wall-Street grade crypto-native regulatory risk and compliance solutions that go beyond a growing client base of crypto and DeFi businesses.
The solution is also meant for government agencies to create transparency, enable innovative regulatory frameworks and ensure safe and regulated crypto financial services in their jurisdictions.
Triple T in crypto space and DeFi
HALO addresses crypto-specific challenges like new market structures, volatility, volumes, data types, decentralized services, trading dynamics, crypto-native market abuse typologies – and evolving business and regulatory demands.
Asaf Meir, Founder and CEO of Solidus Labs, said: “Crypto’s potential to make financial services more accessible, transparent, liquid and efficient, depends on state-of-the-art financial risk monitoring that enables the merits of digital assets, while surgically mitigating its many new risks. HALO does that by unifying formerly disparate risk data points, and continually monitoring that data in real-time, creating a behavioral-based universal client risk profile that allows our clients to focus on real risk, in real-time, throughout the investment journey.
“Since our founding, our deepest commitment has been to enable a safer crypto ecosystem. HALO brings us one step closer to that goal while taking user experience to the next level, empowering risk and compliance teams and allowing crypto businesses to grow safer. It’s a culmination of thousands of hours of work with crypto teams and discussions with regulators, fulfilling our vision of harnessing crypto not only as an opportunity to transform financial services, but also as an opportunity to take financial risk monitoring into the future.”
The platform addresses the “triple T” pillars of market integrity in the crypto and DeFi space – trade surveillance, transaction monitoring, and threat intelligence, with the following modules:
Trade Surveillance: HALO’s comprehensive market surveillance tools ensure market integrity by benchmarking abnormal crypto orders and execution patterns against the market norm, to alert businesses and networks on potential breaches of trading rules or unusual market volatility. HALO users can easily customize detection model sensitivity and backtest against real data in order to meet the needs of quickly evolving regulatory and compliance landscapes.
Transaction monitoring: HALO’s continuous real-time monitoring of crypto and fiat transactions offers unprecedented blockchain-native capabilities and enables detecting, investigating and reporting suspicious crypto deposits and withdrawals for anti-money laundering (AML), sanctions, and financial risk compliance.
Threat Intelligence: Relying on a built-in onboarding verification tool, powerful integrations and crypto-native infrastructure, HALO’s Universal Client Risk Profile aggregates risk across the entire investment journey and multiple markets – from onboarding to trading, post-trade and everything in between. Synthesizing numerous signals into a single threat intelligence hub, HALO surgically surfaces overlooked threats in crypto and DeFi services, enabling businesses to act upon them in real time.
The Solidus HALO is already deployed to serve more than 25 million retail and institutional investors as it actively monitors over one trillion events per day.
Leveraging 50 different proprietary market abuse typologies, the platform protects investors and crypto businesses from new threats unique to the crypto and decentralized finance space.
