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Welcome to Hoptrail

February 12, 2024

Welcome to Blogtrail, Hoptrail’s official diary!

We will be posting regularly here on all matters crypto, particularly those related to AML, regulations, and compliance, and where you can find updates on the company and our products.  

Now, to begin with, you may be wondering who we are, so we thought we’d tell you a bit about us and our mission before diving into some of the things we have in the pipeline.  

Hoptrail is a blockchain data company focused on source of funds analysis.  What that means is that we’re helping our customers to find out more about their crypto funds - where they came from, where they’ve gone to, and any potential pitfalls along the way.  As crypto goes mainstream and as regulation becomes clearer, we think there is a critical role for blockchain analytics - not just for institutions, but for retail investors too.  

The ability to verify your funds and prove they are legitimate is extremely important.  We are already seeing proof-of-funds as a feature of wider adoption, and something traditional finance requires when taking, handling, or processing crypto proceeds.  This could be for a house purchase, a loan, for tax or accounting purposes, or simply moving funds from one bank to another.  All of those scenarios require proof-of-funds up front.    

Currently, blockchain analytics (i.e the method of running checks on crypto wallets) is designed for large institutions.  We don’t think this is fair.  We believe everyone has the right to know about their funds, regardless of who or what you are, no matter how sizeable or complex the portfolio.  

By giving customers the tools to analyse their funds, we are providing them with a stake in the ecosystem - the ability to evidence the legitimacy of their proceeds, the ability to get on the housing ladder, or even the ability to challenge an onboarding rejection from an exchange.  

Those things matter in crypto if this space is to grow successfully.  Hoptrail is here to help push that process by bringing blockchain analytics to the people.  We hope you can join us on our journey!

Insights

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).
Insights

HM Treasury applies first-ever crypto sanctions amid coordination with US and Israel

April 8, 2024
HM Treasury issues sanctions on crypto addresses as part of wider efforts from allies to crack down on crypto use by terrorist groups
Media & Press

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

March 14, 2024
A consortium including Hoptrail and led by UK crypto tax software provider Recap has secured a £300,000 Innovate UK grant to build crypto onboarding and AML tools for professional services.

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