Chainalysis Extends XRP Ledger Support In Latest Move – What’s New?

Chainalysis is extending its support for the XRP Ledger and the new coverage goes beyond the native ￰0￱ now get more ways to follow token activity and check ￰1￱ Chainalysis adding this extended support users now have stronger ways to interact with one of the most active blockchains in the ￰2￱ Expands Coverage For XRP Ledger In its announcement Chainalysis explained that automatic token support now includes fungible tokens such as IOUs non-fungible tokens under the XLS-20 standard

and multi-purpose tokens also known as ￰3￱ operate like Ethereum’s well-known ERC-1155 ￰4￱ update means many different kinds of assets on the XRP Ledger are now ￰5￱ company also shared that more than 260,000 tokens are already ￰6￱ developers create more tokens on the blockchain the total number increases daily showing the steady activity and expansion of the XRP ￰7￱ added that customers can now use its KYT (Know Your Transaction) service to monitor these ￰8￱ gives real-time alerts

continuous tracking and compliance ￰9￱ KYT now keeps a close eye on a wide range of XRP Ledger assets making activity on the network easier to monitor and safer to engage ￰10￱ Tools For Compliance And Investigations Chainalysis also highlights that its expansion links directly to the company’s main investigative ￰11￱ extended coverage is now available through Reactor the platform designed for in-depth transaction reviews and its entity screening ￰12￱ can now use the Chainalysis Reactor tool and entity screening products with XRPL ￰13￱ can visualize transactions in detail and act quickly if they notice ￰14￱ can now track token flows

see how money moves and identify signs of suspicious ￰15￱ noted that the XRP Ledger is well-known for facilitating fast and low-cost cross-border transactions making it one of the most trusted blockchains ￰16￱ network has handled more than 3.3 billion transactions across over 90 million ￰17￱ native token remains among the top digital assets by market value and is supported by a large global ￰18￱ Ledger itself continues to show strong ￰19￱ 200 validators worldwide support it which are independent nodes that confirm transactions

with Ripple named as a key ￰20￱ Chainalysis update will make oversight on the XRP Ledger easier at a time when the number of tokens is ￰21￱ can now use its Reactor tool to check XRPL tokens follow how funds move and help keep the network ￰22￱ the latest support from Chainalysis the ledger becomes even more transparent

and customers now have safer and stronger ways to follow the growing number of tokens that developers are adding to the blockchain .