Chainalysis Announces Direct KYT Integration With BVNK’s Layer1 Platform

Core Insights - BVNK has expanded its partnership with Chainalysis to integrate know-your-transaction (KYT) tools into its digital banking platform, enhancing compliance capabilities for enterprise clients [1] - The integration allows businesses to access real-time crypto compliance intelligence, review risk scores, monitor addresses, and freeze high-risk transactions through a user-friendly interface [2] Industry Trends - Cryptocurrency trading volume in North America reached $2.3 trillion from July 2024 to June 2025, accounting for 26% of global transaction activity during that period [3] - The increase in trading activity is linked to a favorable regulatory environment, the passage of the GENIUS Act, and the growing adoption of institutional trading strategies, including the rise of spot Bitcoin and Ethereum ETFs [4] - Adoption of cryptocurrency and digital assets among businesses hit record highs in 2025, driven by a positive global regulatory climate and the popularity of stablecoins [5] Strategic Developments - Traditional finance organizations are increasingly entering the crypto and web3 markets, exemplified by Citibank's investment in BVNK as part of a strategic partnership, with BVNK's valuation reportedly exceeding $750 million [6] - Citibank is exploring the development of a Citi-backed stablecoin and aims to enhance its cross-border remittance capabilities [7]