Inabit Integrates Elliptic to Bring Pay-As-You-Go KYT Compliance to Digital Asset Management
In a major step toward making institutional-grade compliance accessible to all, Inabit has integrated Elliptic’s Know Your Transaction (KYT) capabilities directly into the Inabit platform. This new feature allows organizations to perform real-time risk screening on wallets and transactions using a flexible, credit-based model—eliminating the need for direct, expensive annual contracts with compliance providers.
Compliance is often cited as a significant barrier to entry for growing crypto organizations. Accessing top-tier blockchain analytics data usually requires lengthy onboarding processes and substantial upfront capital commitments. Inabit is changing this dynamic by embedding Elliptic’s market-leading data intelligence directly into our transaction flow.
Compliance on Your Terms: The Credit Model
Through this integration, Inabit introduces an "On-Demand" compliance service. Organizations can purchase compliance credits directly within the Inabit dashboard. These credits can then be utilized to run checks against Elliptic’s massive dataset of illicit actors, sanctioned entities, and high-risk wallets.
This model democratizes access to safety. An organization does not need a separate account with Elliptic; they simply consume the service through Inabit as needed.
Granular Control and Automated Risk Rules
The integration goes beyond simple checking; it allows for proactive rule-setting. Users can configure specific parameters that trigger compliance checks automatically:
Asset & Amount Thresholds: Set rules to only check transactions above a certain value (e.g., > $10,000) or for specific assets.
Wallet-Based Rules: Automatically screen any new counterparty wallet before a transaction is signed.
Instant Verification: Results are displayed immediately within the Inabit platform, flagging risks such as "Dark Market Exposure" or "Mixer Usage" before the funds leave your custody.
By integrating Elliptic KYT, Inabit is ensuring that organizations of all sizes can operate with the same level of regulatory confidence as the world’s largest financial institutions, all while maintaining cost efficiency and operational agility.
About Elliptic Elliptic is the global leader in cryptoasset risk management for crypto businesses, governments, and financial institutions worldwide. Recognized as a WEF Technology Pioneer, Elliptic has built the world's most accurate cryptoasset dataset, identifying illicit activity across trillions of dollars in transactions. Their solutions empower companies to manage risk, meet AML regulatory requirements, and detect financial crime across the blockchain ecosystem.
