The partnership will allow Flare dApp developers to benefit from Elliptic’s real-time transaction screening and crypto wallet checking.
Flare, a Layer 1 EVM blockchain that provides developers with decentralized permission across multiple chains and data from across the internet, has announced that they are partnering with Elliptic, the global leader in crypto risk management. The collaboration aims to integrate Elliptic’s robust risk management rules into the Flare network to enhance the security and compliance of decentralized applications.
The partnership will allow Flare dApp developers to benefit from Elliptic’s real-time transaction screening crypto wallet check, These solutions are critical to identifying illicit activities such as money laundering, terrorist financing and sanctions violations blockchain network. Specifically, Elliptic’s wallet checks will be able to perform due diligence on crypto wallets associated with the Flare dApp before a transaction occurs. This can help you know who you are dealing with before approving a transaction, thus curbing criminal activities and reducing the risk of defaulting on payments that will result in costly fines.
transaction screening Will monitor fund flows in real time to detect suspicious activities related to cryptocurrency. Since Elliptic’s software will now support Flare’s native token (FLR), Flare users can comply with regulations and avoid transactions with dangerous entities.
Flare and Elliptic collaboration will increase trust in decentralized solutions
By combining Elliptic’s proven security measures with Flare’s robust platform, the partners seek to increase trust in decentralized apps. This integration will empower developers to innovate while also preventing criminal abuse. As crypto adoption continues to grow, proactive measures to secure the ecosystem are important. This visionary collaboration is essential for that important goal.
Leaders of both companies welcomed the cooperation. Hugo Fillion, CEO and co-founder of Flare, agreed that it would strengthen security for dApp developers on the network. They said:
“By providing data as a public good to developers, we are opening the door to many new potential blockchain use cases and monetization models. Partnering with Elliptic helps us provide a highly secure environment for DApp builders, bringing greater confidence and credibility to the Flare blockchain while protecting network participants.
Elliptic co-founder James Smith reiterated his commitment to support Flare’s mission of enabling secure dApp engagement. He said:
“By supporting the Flare Network, Elliptic aims to help the organization in its mission to drive adoption of secure dApps, increase their relevance, and encourage broader engagement with the Flare community and blockchain technology. Our next-generation wallet and transaction screening tools will help make dApps operating on the Flare Network safer, more regulation-ready, and better protected from unintended risks by sanctioned entities.
This partnership is in line with Elliptic’s reputation for uncovering financial crimes worth trillions in cryptocurrency transactions. Their risk tools cover 99% of crypto by market value, ensuring broad utility for the Flare community. On the other hand, Elliptic solidifies its position as a trusted crypto compliance provider worldwide. Overall, the alliance represents a major milestone for both the companies and blockchain security.

Temitope is a writer with over four years of experience writing across various fields. He has a special interest in the Fintech and Blockchain sectors and enjoys writing articles in those areas. He has bachelor’s and master’s degrees in linguistics. When he’s not writing, he trades Forex and plays video games.
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