It’s been another interesting year for cryptos. Specifically, we’ve seen many financial institutions and corporations start to transition into the crypto space.

Cryptocurrencies Becoming Mainstream

One such example is Facebook. Earlier this year, they announced plans for its own cryptocurrency: Libra. This is the first digital coin built for mass utility. The social media giant essentially wants the coin to be a means of payment for some of the world’s poorest people.

This is just one example of cryptocurrency technology moving to the mainstream.

CipherTrace Technology

We’ve also seen many firms bring innovative solutions to the crypto space. One solution we use here at IFINA is CipherTrace, which lets us risk assess the transaction history of crypto coins for AML purposes.

The way it works is simple:

Step One: Whether you want to invest in cryptos, or run a crypto investment fund – you can now risk assess the transaction history of crypto coins.

Step Two: CipherTrace algorithms calculate risk levels based on suspicious addresses and wallets. CipherTrace also profiles hundreds of global exchanges, ATMs, mixers, money laundering systems, gambling services and known criminal addresses to score transactions and asses risk.

Step Three: CipherTrace then assigns risk levels to transactions based on activity related to suspicious addresses and wallets.

Transactions with no apparent risk are flagged to proceed. Transactions with a moderate risk trigger an automated deep search for compliance reporting. Finally, transactions that are high risk should be rejected.

Our Crypto Fund Platform

As cryptocurrencies become more people, many fund managers are creating dedicated crypto funds. That’s why IFINA launched its very own Crypto Fund Platform earlier this year. The setup cost is just $12,000 USD.

If you’re interested in creating your own crypto fund, you should get in touch. We can have the fund setup process complete in as little as six weeks.

Do you want to launch your own crypto fund in 2020? We should have a Skype call. Just email me and we can book a time that’s convenient to you.


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