According to the source, Quantexa, a data and analytics software firm, introduced a product designed to help smaller U.S. financial institutions fight crypto-powered crime (source: Quantexa). The initiative aligns with U.S. Treasury and FinCEN priorities to strengthen AML/CFT controls for virtual asset exposure, a factor that influences banks’ risk management of crypto on/off-ramps and related liquidity conditions (sources: U.S. Treasury 2023 Illicit Finance Risk Assessment of Decentralized Finance; FinCEN guidance on virtual currency SAR and AML obligations).

According to the source, Quantexa launched a platform aimed at reducing stablecoin-related strain on small banks, highlighting ongoing efforts to streamline crypto-fiat banking rails for market participants. Source: the source.