Chrysalis Digital Assets provides a Digital Asset Register (DAR) and Digital Property Register (DPR) to establish verifiable ownership claims for digital assets. This infrastructure offers cost-effective risk management and confidence for investors holding assets in private wallets or on exchanges. The platform supports use cases including insurance underwriting, dispute resolution, and streamlining the return of seized assets to victims.
Funding
Funding not disclosed
Founders
Product
Problem
The pseudo-anonymity of digital asset ownership presents challenges for investors, custody providers, and law enforcement, leading to security risks, limited insurance options, and difficulties in asset recovery. A lack of a reliable registry or immutable ledger to validate ownership claims further exacerbates these issues.
Solution
Chrysalis Digital Asset Exchange provides a blockchain-based platform designed to verify digital asset ownership, provenance, and transaction security. The platform leverages immutable ledgers and advanced risk management tools to address the challenges of pseudo-anonymity and security vulnerabilities. By offering Know Your Asset (KYA) capabilities, Chrysalis enables investors to gain confidence in their investments, custody providers to mitigate reputational damage, and law enforcement to streamline the return of proceeds to victims. The platform aims to create a more transparent and secure digital asset ecosystem.
Target Audience
The primary target audience includes investors in digital assets, custody providers, insurance companies, law enforcement agencies, and legal firms involved in liquidations, bankruptcy, and estate planning.
Features
- Blockchain-based registry for verifying digital asset ownership and provenance
- Risk management tools to identify and mitigate security vulnerabilities
- Know Your Asset (KYA) capabilities for enhanced due diligence
- Immutable ledger for secure and transparent transaction tracking
- Streamlined asset recovery process for law enforcement