Defining the Universal Assurance Standard across blockchain protocols
Transforming the way the world understands,
monitors, and traces digital assets.
Comprehensive Blockchain Forensics & Advisory Services
XChain is a leading blockchain-based forensic and advisory firm, managed by industry veterans. We provide near real-time forensic reports, transaction monitoring, and in-depth analyses to support risk management, regulatory, and investigative needs of regulators, VASPs, global financial institutions, governments, and law enforcement agencies.
Who we serve
KEY SERVICES
End-to-End Expertise &
Blockchain Risk Management
Blockchain Analytics Deployment
- Selecting and deploying blockchain analytics from industry leaders.
Risk Framework Development
- Developing on-chain risk management frameworks compliant with global regulations (e.g., VARA, FCA, MiCA, FATF).
Risk Models & Analytics Integration
- Integrating risk models with tools for real-time analytics and alert monitoring.
- Workflow Integration: Bridging on-chain analytics and models into your risk management workflows.
- 24/7 Expert Access: Continuous access to on-chain experts and analysts.
- Real-Time Transaction Monitoring: Ongoing transaction monitoring and custom reporting.
- Tiered Risk Assessments: Conducting periodic risk evaluations across public addresses, entities, markets, and open source intelligence.
FOR REGULATORS
Daily Risk Monitoring of VASPs,
and/or Other Entities
Daily, or near real time, transaction monitoring and alerting using blockchain analytics tools, and report collation in relation to, but not limited to, the following data points:
- On-chain reserves balances and daily variances, both standalone and as compared to the internal VASP records;
- Significant or unusual suspicious transactions or events;
- Flagged high risk transactions;
- Related public news/adverse news;
- Financial information such as balance sheet, P&L, etc, to assess financial stability;
- Material transfers, digital assets (or fiat); and
FOR REGULATED FINANCIAL INSTITUTIONS
Monitoring and Analysis
of Client Money Accounts
XChain can utilize advanced on-chain analytics tools to generate daily and weekly transaction monitoring reports for Client Money Accounts (CMA), including:
- Seamless integration between crypto-fiat transactions for cross-currency oversight;
- Complete tracking of transaction flows, encompassing digital assets and fiat through virtual IBANs;
- Assessment and real-time tracking of fiat-to-crypto on and off-ramp risks, including pre-ramp analysis, and strategic insights into cross-border crypto-fiat events;
- Wallet tracking: real-time on-chain reserves balance and variance analysis;
- Travel rule compliance assessment;
- Suspicious Transaction Report (STR) reconciliation.
FOR LAW ENFORCEMENT AGENCIES
Detection, Investigation,
and Evidence Gathering
XChain leverages its experience of working with law enforcement agencies to select and configure the right tooling to support detection, and investigation of suspicious activity as it relates to financial crime and terrorism.
- Flow of Funds Analysis: tracing the movement of funds across blockchain networks, following transactions from origin to destination;
- Visualization: to support the investigation of complex transaction chains, as it relates to the transfer of illicit funds;
- Wallet Attribution: linking wallet addresses to known entities, such as exchanges or darknet markets, to support the identification of potential suspects;
- Clustering: Grouping of wallets likely controlled by the same entity, providing intelligence on interconnected networks;
- Risk Scoring: assigning risk scores to wallet addresses based on their association with known illicit activities, such as money laundering, ransomware, or terrorist financing;
- Highlighting suspicious patterns: For example mixing services, unusually high transaction volumes or detecting the use of bridges or swaps to obfuscate funds;
- De-anonymization Assistance: Whilst blockchains are pseudonymous, these tools can integrate with off-chain data sources, such as Know Your Customer (KYC) information from exchanges, to link blockchain activity to real-world identities.
- Expert Reports and Subpoenas: Generating reports for court use or internal investigations, describing blockchain activity and findings, ensuring evidence is presented in a manner that is admissible and comprehensible in legal contexts.
- Fraud Detection and Prevention: Detecting scams, phishing schemes, and fraudulent Initial Coin Offerings (ICOs) by analyzing patterns in fund flows and communications;
- Collaborative Across Jurisdictions: Supporting collaboration between agencies by sharing anonymized data, leads, and insights across jurisdictions and departments;
- Privacy Tools and Evasion Detection: Identify the usage of mixing services, privacy coins, or advanced techniques like CoinJoin and RingCT to obscure the origin of funds;
VASPs
Holistic integrated risk management to support the highest levels of corporate governance.
In addition to leveraging all of the above expertise, to support VASPs, the following further services are available:
- Business Risk Metrics: A comprehensive suite of standardised and bespoke crypto risk metrics to provide an in depth understanding of the risk profile of the VASP and how that changes over time;
- Data Support for Audit and Accounting Reviews: As VASPs become increasingly institutionalised, alongside enhancements within the different global regulatory regimes, Audit and Accounting reviews will become the norm. In support of this comprehensive reporting can be provided to assist with these requirements;
- Enhanced Controls and Risk Monitoring: Through dynamic monitoring of on-chain activity, and therefore risk profile of the VASP, controls can be enhanced and targeted to tie down latent and emerging areas of risk;
- Reporting to Support Corporate Governance: Corporate governance is an essential component of a complaint VASP operation, ensuring the right decisions are made using the right data, at the right time and recorded properly. Bespoke reports can be designed and provided to support the different governing tiers within a VASP to ensure they can discharge their responsibilities effectively, and that can be evidenced as such;
- Regulatory Compliance: Day to day and or periodic comparison between requirements from a regulatory perspective, and the actual performance of the VASP, highlighting gaps, and therefore areas required for remedial action.
Management
Haydn Jones
MD
Haydn Jones is the Managing Director at XChain, with extensive expertise in digital assets, financial services, and blockchain. He previously served as Global Lead for Blockchain and Crypto Solutions at Kroll and is a certified expert witness and barrister. Haydn holds a First Class Honours Degree in Engineering.
Brandon Chui
Lead Investigator
Brandon Chui, Director of Operations and Lead Investigator at XChain, holds an Engineering degree from a QS Top 50 university. Formerly a Hong Kong police inspector specializing in AML crime investigations, Brandon brings half a decade of expertise in blockchain forensics.
Kevin Min
DA Investigation Lead
Kevin Min, Digital Assets Investigation Lead at XChain, holds a degree in BA and specializes in blockchain investigations. With experience in financial crime compliance for neobanks, brokerages, and digital asset exchanges, he is CAMS-certified and Chainalysis-qualified.
Tomislav Joksimovic
Advisory Board
Tom is a U.S. lawyer and global litigator, who represents clients in high-stakes disputes and cross-border government investigations involving allegations of money laundering, corruption, sanctions violations, tax fraud, securities fraud, insider trading, and other corporate misconduct. Tom is a graduate of UCLA and Fordham Law School.
M.H. Dastmaltchi
Founder
M.H. Dastmaltchi is a serial entrepreneur and venture capitalist with over 20 years of experience in investment banking, asset management, and private equity. He is the youngest co-founder of a bank in Germany that went public in 2007. As a pioneering investor, Mohammad focuses on deep tech, biotech, longevity, and blockchain, including XChain which he founded.
Regulating technology isn't just drawing lines, but
about having the tools and expertise to trace them.
Contact Us
Partnering for Success in the Digital Landscape
office@xchain.com