Fidelity Digital Assets Chooses EY's Latest Blockchain Analytics Tool to Navigate Regulatory Challenges
EY has launched the fourth generation of its blockchain analytics tool to address the growing complexity of regulations in the digital asset market.
Fidelity Digital Assets, a branch of Fidelity Investments, is the first enterprise client to use this technology through EY's Software as a Service platform.
The web-based analytics tool focuses on assisting organizations in managing internal risks by providing third-party on-chain data queries and wallet address derivations.
The tool, called Reconciler, currently supports various prominent blockchains and ERC-20 tokens, including Bitcoin, Ethereum, and others.
EY plans to expand support for more blockchains based on client demand and introduce features like xpub address derivation, block explorers, and staking analytics in the future.