Media & Press

Hoptrail and Recap secure InnovateUK grant funding to develop crypto onboarding tools 

March 14, 2024

We are delighted to announce that Hoptrail has secured grant funding from InnovateUK, the UK government's innovation agency, to develop automated crypto onboarding tools for professional services. The £300,000 award was secured as part of a consortium of leading UK crypto tax, accounting, and AML providers, led by crypto tax calculation service Recap.

Hoptrail CEO and Founder, Henry Burrows said:

"We're thrilled with the award, and even more excited to develop the tools we know will help thousands of professional and financial services firms. We're seeing more and more companies deal with the headache of customer onboarding when it comes to crypto, and it seems clear to us that tools are needed to build a robust, reliable, and efficient diligence process. It makes even more sense to do it with Recap, Andersen, and Wright Vigar, who have extensive crypto expertise in this area. We can't wait to get started."


  • The £300k grant is awarded to develop a privacy-focused crypto tax and client due diligence platform.  The initial focus will be on accountants and professional services, followed by financial services.

  • The project brings together a consortium including Hoptrail, global accounting firm Andersen LLP, and crypto tax specialists Wright Vigar, to enhance transaction processing and automate crypto asset tracking by combining existing tax and AML tools.

  • The initiative aims to reduce manual data entry, streamline customer onboarding with source of fund checks, and offer an efficient solution for services firms.

  • The grant from Innovate UK supports a 12-month development project, which is expected to be the first-of-its-kind automated onboarding tool for crypto services.

Read the announcement in Finextra here.


Crypto onboarding: A multi-billion dollar opportunity for banks to tackle

June 19, 2024
As crypto adoption climbs and wealth generation increases, banks are facing source of funds headaches which may be driving de-banking among crypto investors
Media & Press

Hoptrail and Hypernative Partner to Combat Illicit Onchain Activity

April 25, 2024
Hoptrail and Hypernative have partnered to share high-risk on-chain data to enhance crime fighting and detecting capabilities.

Hoptrail Intelligence: Real-Time Risk Alerts on Wallets & VASPs

April 18, 2024
Alerts is the latest feature in the Hoptrail crypto compliance toolkit, designed to ensure users stay on top of counterparty risk issues in real-time.We are thrilled to announce the release of Alerts, our real-time risk monitoring tool for cryptocurrency wallets and Virtual Asset Service Providers (VASPs).

Subscribe to the Hoptrail newsletter

Sign up with your email address to get the latest insights from our crypto experts.

No spam! We respect your privacy.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.