#United States #Series A Funding #Athens #Lockchain.ai #Blockchain Risk Management

Lockchain.ai Closes $5 Million Series A to Scale On-Chain Compliance

In a significant move for the growing cryptocurrency market, Lockchain.ai, a cutting-edge platform specializing in AI-powered Blockchain Risk Management, has secured nearly $5 million in Series A funding. This successful funding round, led by White Star Capital along with key contributions from notable investors such as Lerer Hippeau, Arrington Capital, and Sonic Boom Ventures, is aimed at accelerating the company’s development and scaling operations.

Founded in April 2024, Lockchain.ai has quickly positioned itself at the forefront of blockchain risk management solutions. The platform is designed to assist traders, investors, and fund managers in the complex landscape of cryptocurrency, effectively identifying and managing potential risks that can affect their investment portfolios. Since its launch, Lockchain.ai has experienced notable engagement from significant market players, including Broadridge and GSR, facilitating risk management recommendations to portfolios exceeding a total asset value of $2 billion.

Andrew Howard, CEO of Lockchain.ai, emphasizes the growing volatility in the cryptocurrency market, which underlines the necessity for refined data intelligence. “With cryptocurrency continually proving to be a dynamic market that presents extraordinary growth opportunities, the importance of speed and intelligence in managing portfolio accounts cannot be overstated,” he stated. Howard adds that their AI models have been thoroughly tested over the past two years, leading to the creation of effective baselines that deliver insights at remarkable speeds.

One of the standout features of the Lockchain.ai platform is its integration of generative AI, which allows for rapid assessment of vast data sources. This offers traders several benefits:

• - A real-time overview of risks,
• - Immediate alerts regarding significant blockchain events that might impact portfolios,
• - Clear and actionable insights related to these events,
• - Predictive analysis concerning contagion risk,
• - An automated response engine with pre-configured strategies for handling different scenarios.

Sean Swift, the Operational Risk Manager at GSR, praised the Lockchain platform's ability to refine risk management practices specifically for digital asset firms. The automation of core processes enhances the accuracy of evaluations, facilitating faster, more precise decision-making.

Notably, Lockchain.ai also focuses on continuous due diligence and risk monitoring, essential for asset managers and traders who need real-time security assessments for the assets they trade. This encompasses detailed examinations of custodians and counterparties to bolster informed decision-making at scale.

According to Aviad Stein, Global Head of Innovation and Strategy at Broadridge, Lockchain.ai’s insights are valuable for advancing the overall understanding of data required for broker-dealers, asset managers, and other stakeholders in the digital asset world. The scalability and reliability of its AI outputs assist organizations in navigating the fast-changing landscape of regulatory compliance.

Looking ahead, the firm has earmarked its Series A funds to enhance essential functionalities and broaden its detection and monitoring capacities. With its innovative security framework, Lockchain.ai aims to extend predictive controls and solidify a holistic approach to risk management across portfolios.

Future enhancements include:

• - Material Event Detection: Enhanced surveillance for significant events that could influence an asset or counterparty.
• - Accelerated Data Discovery: A comprehensive data viewer that allows swift access to crucial information, streamlining the listing and due diligence processes.
• - Automated Custom Frameworks: The ability to integrate client-specific forms and processes, facilitating tailored risk management solutions.
• - Regulatory Compliance Automation: Comprehensive support for monitoring compliance with regulations such as the Markets in Crypto-Assets Regulation (MiCA).

“Lockchain.ai is redefining standards in blockchain risk management,” remarked Sep Alavi, Managing Partner at White Star Capital, who expressed confidence in the platform’s potential. The combination of advanced AI capabilities with profound market insights positions Lockchain.ai as a transformative player for asset managers, traders, and regulators dealing with the dynamism of the cryptocurrency landscape.

Headquartered in Athens, Georgia, with a strategic presence in New York City, Lockchain.ai aspires to create a risk management environment that empowers investors by delivering precise, actionable insights drawn from real-time data.

Lockchain.ai represents the first risk management solution specifically tailored for blockchain assets, leveraging AI to enable continuous and immediate understanding of portfolio risks, thus paving the way for more sophisticated trading strategies in the digital asset arena.