Blockchain intelligence firm TRM Labs has teamed up with banking infrastructure provider Finray Technologies to roll out a unified compliance system designed to monitor both crypto and fiat transactions in real time.
The new integration embeds TRM’s blockchain intelligence capabilities directly into Finray’s compliance and decision engine, XZiel, creating a single workflow for detecting, escalating and documenting suspicious activity across digital assets and traditional payment rails.
Unified monitoring across crypto and fiat rails
Under the partnership, XZiel now incorporates TRM’s blockchain monitoring tools to deliver real-time risk alerts for suspicious crypto activity, using the same operational workflow typically applied to traditional payment monitoring.
The system supports wallet screening during onboarding and continuous monitoring afterwards, assessing the risk profiles of wallet addresses across both on-chain and off-chain environments. Covered networks include Bitcoin, Ethereum and Tron.
In addition to flagging high-risk activity, the platform automatically generates a detailed, time-stamped audit trail. This documentation records why a transaction was flagged, who reviewed it and what compliance decision was ultimately taken, a feature designed to simplify regulatory reviews and internal audits.
According to the firms, the system is structured to help institutions build auditable monitoring programs aligned with MiCA requirements and anti-money laundering (AML) obligations.
Targeting banks and institutions entering crypto
The joint solution is aimed at exchanges, institutional custodians, corporate treasury teams, banks and electronic money institutions that are expanding into digital assets or enabling crypto on- and off-ramp services.
“Compliance teams can’t manage fiat and crypto risk in separate systems anymore,”
said Oleksandr Potapenko, CEO of Finray. Embedding TRM’s blockchain intelligence into XZiel, he added, provides institutions with a single, auditable view of risk across both financial rails, a necessity as supervisory expectations evolve under MiCA and similar frameworks.
A growing number of traditional financial institutions are moving into digital assets, with more than half of the largest US banks reportedly exploring or launching Bitcoin-related services, including trading and custody. Additionally, River revealed that its business clients are channelling an average of 22% of their profits into Bitcoin, highlighting a growing wave of grassroots adoption.
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