Update Feb.25, 1:25 Am UTC: This article has been updated to include information from TRM Labs’ global head of policy, Ari Redbord.
Blockchain intelligence platform TRM Labs has partnered with banking infrastructure firm Finray Technologies to create a unified system that monitors both crypto and fiat transactions.
Finray’s compliance and decision engine, XZiel, has been integrated with TRM’s blockchain intelligence tools to enable real-time alert triaging, automated escalation, case management, and risk assessment across crypto and fiat transactions, the companies announced on Tuesday.
Ari Redbord, the global head of policy at TRM Labs, told Cointelegraph that means crypto risk scores, exposure breakdowns, typology indicators, and alert data are surfaced inside the same workflows compliance teams already use to monitor fiat payments
“Institutions can triage alerts, investigate exposure, escalate cases, and document decisions across both crypto and traditional rails in one unified, auditable system rather than managing separate tools and fragmented oversight,” he added.
With stablecoin settlements and fiat payment flows becoming increasingly interconnected and with new regulations such as Europe’s Markets in Crypto-Assets (MiCA), institutions operating in both markets now require unified oversight, according to Finray Technologies and TRM Labs.
The system is designed to help institutions implement structured, auditable monitoring programs aligned with MiCA requirements and anti-money laundering obligations, streamlining market entry for regulated entities.
Bitcoin, Ethereum, and other blockchains covered
Key features of Finray and TRM Labs’ new system include real-time risk alerts for suspicious crypto transactions, using the same workflow as traditional payment monitoring. Blockchains covered include Bitcoin, Ethereum and Tron.
The system supports wallet screening during onboarding and ongoing monitoring, assessing the risk of wallet addresses across both on-chain and off-chain environments.
It also automatically records a detailed, time-stamped audit trail, documenting why an activity was flagged as risky, who reviewed it and what decision was made in the event of regulatory or audit reviews.
Aimed at banks expanding into crypto
Finray and TRM Labs’ system is aimed at exchanges, custodians serving institutional clients, corporate treasuries, banks, and electronic money institutions looking to expand their crypto offerings or enable crypto on- and off-ramp services, the firms said.
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Redbord said they are already working with early adopters in banking and payments that are deploying the system to support MiCA and AML-aligned monitoring across both fiat and crypto rails.
“The goal is to strengthen the compliance foundation that enables institutions to operate safely and confidently as digital asset activity grows,” he said.
“With MiCA entering full supervisory enforcement, institutions operating across fiat and digital asset markets must account for interconnected exposure. On-chain risk, stablecoin settlement, correspondent relationships, and traditional payment flows increasingly intersect. Compliance programs must reflect that reality.”
A growing number of institutions are already expanding into crypto. More than half of the top US banks have started or announced plans to offer Bitcoin-related services, such as trading or custody Bitcoin financial services firm River said last month.
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