US bank JP Morgan is investing in a blockchain intelligence platform called TRM Labs.
In Brief:
TRM Labs is a platform that combined data and analytics to help companies detect fraud and financial crime.
Its clients include financial institutions, crypto firms and regulators.
Existing investors in TRM Labs include Visa, Amex Ventures, Citi Ventures, PayPal Ventures and Block (which is the rebranded name for Square).
What does this mean?
TRM aims to improve security in the cryptocurrency ecosystem and prevent financial crime. JP Morgan, which has a suite of blockchain services called Onyx, will work with TRM Labs to build blockchain products that are compliant and secure.
