San Francisco-based blockchain intelligence firm TRM Labs announced on February 24, 2026, a partnership with Finray Technologies to integrate real-time blockchain risk signals into Finray’s banking infrastructure. The collaboration combines TRM’s analytics with Finray’s XZiel compliance and decision engine, enabling institutions to monitor cryptocurrency and traditional fiat transactions in a single operational environment.
The integration addresses new regulatory pressures, particularly from the European Union’s Markets in Crypto-Assets (MiCA) framework, which requires robust anti-money laundering (AML) and counter-terrorist financing (CFT) procedures across digital and fiat channels. With MiCA’s full supervisory enforcement underway, financial institutions can no longer separate blockchain risk from traditional payment monitoring.
How the system works
The partnership embeds TRM’s Transaction Monitoring and Wallet Screening tools directly into Finray’s XZiel engine. Financial institutions can now triage alerts, escalate cases automatically, and assess transaction risk across crypto and fiat rails in real time. Stablecoin settlements, corporate treasury flows, and on/off-ramp services are all visible in a unified workflow, allowing teams to document decisions in a defensible audit trail.
“Compliance teams can’t manage fiat and crypto risk in separate systems anymore,” said Oleksandr Potapenko, Founder and CEO of Finray Technologies. “Embedding TRM’s blockchain intelligence directly into XZiel gives our customers a single, auditable view of risk across both rails — where they can hold, clear, escalate, and document decisions within one environment. That is what operating under MiCA and evolving supervisory expectations actually demands.”
The system also supports wallet screening during onboarding and ongoing monitoring. It evaluates counterparty and indirect risk exposures, covering on/off-ramp flows, stablecoin settlements, exchange payouts, and merchant transactions. Risk rationale, source attribution, exposure type, and timestamps are automatically captured for regulatory reviews and supervisory examinations.
Target institutions and use cases
The solution is aimed at regulated financial institutions expanding into digital assets, including banks, electronic money institutions (EMIs), MiCA-authorized crypto asset service providers (CASPs), virtual asset service providers (VASPs) undergoing VASP-to-CASP transitions, exchanges, custodians, and fintech platforms embedding crypto payments into fiat infrastructure.
Morley Gordon, Head of Partnerships at TRM Labs, emphasized the need for actionable intelligence.
“Financial institutions and crypto businesses need more than raw blockchain data — they need clear, actionable intelligence that stands up to regulatory scrutiny. By embedding TRM directly into Finray’s compliance tools and banking infrastructure, we are enabling banks, fintechs, and regulated crypto entities to proactively manage digital asset risk and accelerate time-to-market without compromising trust.”
Strategic and regulatory implications
The partnership arrives as the EU’s MiCA framework becomes fully enforceable. MiCA mandates that crypto service providers implement systematic transaction monitoring, customer verification, and reporting protocols similar to traditional financial institutions. The TRM-Finray integration allows institutions to consolidate compliance operations, reduce operational blind spots, and maintain an auditable, regulatory-ready view across both crypto and fiat flows.
The integration is generally available for TRM and Finray clients, with deployment possible within days for organizations that already hold a TRM API key. Full workflow configuration, including alert thresholds, case management rules, and audit trail settings, typically takes two to four weeks depending on the institution’s existing infrastructure.
Looking ahead
The TRM-Finray collaboration highlights the growing convergence between traditional finance and digital assets. As more economic activity moves on-chain, regulatory compliance, transaction monitoring, and risk assessment increasingly require integrated, real-time solutions. Early adoption interest reportedly comes from European banks preparing for MiCA’s December 2025 compliance deadline.
By unifying fiat and crypto monitoring, the partnership sets a precedent for compliance technology in the digital age. Financial institutions can now meet regulatory requirements, manage risk efficiently, and expand into digital assets without operational silos undermining oversight.
Oleksii Shumak
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