The US Securities and Exchange Commission has turned to blockchain analytics vendor CipherTrade to help shed light on cryptocurrency transactions on blockchains.
If the proposed $26,550.45 contract goes through, the vendor will provide support services for its CipherTrace platform, which would let SEC staff trace individual addresses, wallets, and contacts, reported ETHNews.
The regulator’s Office Acquisitions noted that the SEC would use the vendor’s CipherTrace platform to “provide specialized analytical support to SEC staff for investigations that involve tracing cryptocurrency transactions [and] to continue activities associated with the Cryptocurrency Tracing Project, via a memorandum of understanding with the Department of Homeland Security’s Homeland Security Advanced Research Project Agency.”
The deal, which could be inked by April 4, is expected to last up to nine months, which would consist of a three-month base period followed by two option three-month extension.
The CipherTrade transaction is that the SEC has gone to specialized tool providers to meet its cryptocurrency regulatory needs. It hired Chainanalysis to help investigate bitcoin transactions in July 2017.
The vendor also won contracts with other Federal agencies, such as the Department of the Treasury, The Federal Bureau of Investigation, Drug Enforcement Agency, Immigration and Customs Enforcement, and the Internal Revenue Service, over the past three years.
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
🏆 The 2026 Global Markets Choice Awards are here! 🌍 Nominations are officially OPEN for the celebration of excellence in global capital markets trading & technology. Nominate below:
https://www.jotform.com/form/260086385121150
Delaware Life Insurance Company is becoming the first insurance carrier to offer an index that contains cryptocurrency, adding the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed index annuity (FIA) portfolio.
As the digital assets industry pushes toward
Franklin Templeton is expanding its tokenized fund suite, signaling growing institutional demand for blockchain-based fund infrastructure and regulated investment products moving onchain. Read the full article below:
$50 billion in active ETF inflows helped fuel a record year for @BlackRock 's iShares business, as investors continue to lean into active strategies.
Related articles
-
The rollout brings Deribit onto the same core execution infrastructure as Coinbase International Exchange.
-
Prediction markets contracts and revenue grew 106% quarter-over-quarter.
-
The investment manager's suite of ETFs and ETPs has grown to $14bn in assets since debuting in 2023.
-
Options activity in crypto is expected to track toward levels seen in traditional derivatives markets.
-
TKNZ marks the first of the asset manager's lineup that provides access to digital assets.