Liechtenstein-based Amazing Blocks announced a cooperation with Merkle Science. The goal is to combine Amazing Block’s corporate services and Merkle Science’s security features to provide a product that instills confidence in the crypto and blockchain ecosystem.
Amazing Blocks is a Vaduz-based company that helps companies to found a legal entity in Liechtenstein and helps them tokenize shares so that investors can hold them digitally in their wallets. Amazing Blocks also helps with company maintenance, shareholders’ decisions, ownership transfers, new investor onboarding, and more. All these processes are streamlined and nearly entirely digital. Physical signatures reduced to a minimum, no traveling, and no physical meetings needed anymore.
Merkle Science is a predictive cryptocurrency risk and intelligence platform with a presence in London, New York, Singapore, and Bangalore. The company is creating infrastructure for crypto businesses, financial institutions, and government agencies to detect, investigate, and prevent illegal activities involving cryptocurrencies. Their goal is to ensure that “individuals, entities, and services may transact with crypto safely,” according to the company’s website. The company is backed by venture capitalists Digital Currency Group, Kenetic, LuneX Ventures, and the Singapore Government-supported deep technology fund, SGInnovate.
With the cooperation, the two companies should provide Amazing Block’s clients with a complete and professional service to establish a digital entity of their company. Merkle Science’s blockchain monitoring platform will track companies tokenized by Amazing Blocks. This ensures the legitimate use of the tokens. „This partnership adds another substantial extension to our network and is a further step towards providing our customers with the best possible all-around package when it comes to tokenizing assets of all kinds,” reads the joint press release.
How it works
Merkle Science’s blockchain transaction monitoring solutions will flag transactions if tokens are suspected of use in illicit activity. It can then help compliance teams forensically investigate fund movements and enable them to take evidence-based action accordingly.
This should give investors more confidence that transactions are done in the right and legal way. Especially the crypto and blockchain industry has been heavily criticized for lack of transparency and legal oversight. Merkle Science and Amazing Blocks aim to turn this negative image around. Their joint efforts aim at providing infrastructure to increase legal certainty in digital finance.
„Together, we are building the infrastructure necessary to make the vision of a token economy reality,” reads the press release. „This partnership will enable customers of both companies to enter the market more conveniently and with greater confidence while enjoying absolute legal certainty. The concept of a complete solution that is both simple and efficient is the goal, and together we are a big step closer to achieving it.“
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