XChain, a global leader in digital asset risk monitoring, has launched its transaction monitoring services for Virtual Asset Service Providers (VASPs) in the UAE.
XChain’s services aim to address key risk factors in on-chain transactions, enabling real-time insights for proactive risk management. The new offering is set to benefit both institutional and retail providers and pave the way for traditional financial institutions to explore digital assets.
Matthew White, CEO of VARA commented: “At VARA, we are committed to fostering innovation while ensuring robust regulatory standards for the virtual asset ecosystem. XChain’s rollout of its transaction monitoring services represents a significant step forward in enabling VASPs to operate with enhanced transparency and confidence.”
Haydn Jones, the newly appointed Managing Director of XChain, added: “With an increasing number of companies looking to tap into UAE’s digital assets industry, we are privileged to continue our work streamlining access to on-chain transaction risk-based analytics.”
The company said the initiative supports VASPs with crypto oversight, compliance, and transaction monitoring, aligning with Dubai’s commitment to innovation and robust standards in the virtual asset ecosystem.
