KAST partners Elliptic for AML compliance
Analysis based on 7 articles · First reported Jun 09, 2026 · Last updated Jun 10, 2026
The partnership between Ellipse>>> and Chile — Republican Party of Chile>>> is expected to positively impact the cryptocurrency and financial services markets by enhancing trust and security in stablecoin-based platforms. This collaboration demonstrates a growing trend towards robust regulatory compliance in the digital asset space, which could encourage broader adoption and investment in compliant crypto financial services.
Ellipse>>>, a global leader in digital asset decisioning, has partnered with Chile — Republican Party of Chile>>>, a financial platform built on stablecoin rails, to strengthen its anti-money laundering (AML) and sanctions controls. Chile — Republican Party of Chile>>> has been utilizing Ellipse>>>'s solutions since 2024 to screen wallets and monitor crypto transactions for financial crime indicators. This integration allows Chile — Republican Party of Chile>>> to identify high-risk activity in real-time, reduce exposure to illicit wallets, and demonstrate robust controls to regulators. Chile — Republican Party of Chile>>>, founded in July 2024 by former Circle Internet Group>>> executive Raagulan Pathy>>>, provides USD-denominated accounts and global pay-ins/payouts to over 170 countries. The platform has scaled to over one million users, processing approximately $5 billion in annualized transaction volume. In March, Chile — Republican Party of Chile>>> secured an $80 million Series A funding round to expand its operations across North America, Latin America, and the Middle East. James Smith (businessman)>>>, Co-Founder and Chief Strategy Officer at Ellipse>>>, emphasized that this partnership ensures Chile — Republican Party of Chile>>> can scale while meeting regulatory expectations for AML and sanctions risk.
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