KPMG LLP has launched KPMG Chain Fusion, a patent pending suite of advanced analytics capabilities built on leading cryptoasset data and infrastructure products, to streamline the ability for financial services companies, FinTechs, and organizations across industries to deliver institutional quality cryptoasset capabilities and services.
The nature of blockchain technology powering cryptoassets like bitcoin and central bank digital currencies (CBDC) is fundamentally different from the traditional information systems that underpin existing financial market infrastructure. Increased pressure from investor demand alongside a wave of technology innovation including global stablecoin projects and CBDC are driving organizations to accelerate strategic roadmaps to develop core technology capabilities for their business.
As blockchain adoption continues and business processes are transformed using decentralized applications on blockchain networks, they are faced with the immediate challenge to integrate different data structures into a consistent model that supports critical businesses and compliance functions. The complexity of these challenges extends as organizations adopt different types of crypto-native and tokenized assets enabled by different blockchain protocols.
The operation of a successful cryptoasset business at institutional scale hinges on the ability to efficiently and effectively integrate blockchain data alongside traditional data infrastructure to support core business functions across the front, middle and back office of the enterprise. KPMG Chain Fusion is designed to accelerate trusted adoption of core cryptoasset capabilities through a consistent data architecture that supports seamless business engagement across blockchain protocols.
Traditionally, multiple and redundant touchpoints are needed to get the systems to talk to each other and generate risk compliant reports:
