Announcing a groundbreaking collaboration in the finance sector, C3 Rules and HyperRisk Solutions have formed a strategic alliance to revolutionize cryptoasset compliance. This partnership introduces a unified solution for calculating cryptoasset capital and compliance reporting, aligning with the stringent standards of the Basel III framework.
Transforming Crypto Compliance
By integrating C3 Rules’ cryptoasset classification system with HyperRisk’s RiskGuard software, this partnership enhances transparency and efficiency in managing cryptoasset exposures. The integrated solution not only meets but also raises the bar for complying with the Basel Committee’s cryptoasset capital and prudential standards.
A Worldwide Impact
This global initiative is aimed at banks and financial institutions, with leading banks in Southeast Europe already benefiting from HyperRisk Solutions. Positioned as pioneers in financial innovation, especially in regions with advanced regulatory adoption like Hong Kong, Singapore, and Switzerland, C3 Rules and HyperRisk are set to make a significant impact.
Insights from Experts
Industry experts emphasize the importance of this alliance in the regulatory tech landscape. Andrew Fei, a partner at King Wood Mallesons, highlights the crucial role of Basel cryptoasset standards in determining banks’ capital requirements for cryptoasset exposures. He underscores the compliance challenges and the relief provided by innovative regtech solutions like this alliance.
About C3 Rules and HyperRisk Solutions
C3 Rules is a leader in cryptoasset classification and compliance solutions, enhancing the operational efficiency and integrity of financial institutions. HyperRisk Solutions specializes in regulatory technology software, offering advanced risk management and regulatory reporting solutions across Southeast Europe and beyond.