Braithwate has announced a partnership with Corlytics’ Clausematch to address compliance challenges within the MiCA framework and crypto regulations.
This partnership seeks to integrate the state-of-the-art compliance technology from Clausematch with the domain expertise and content from Braithwate, particularly catering to firms looking to align with MiCA’s regulatory requirements.
Braithwate offers tailored policy and procedure content designed to assist crypto-asset companies in obtaining authorisation and adhering to MiCA’s stringent standards. On the other hand, the Clausematch platform primarily handles the technological aspects, ensuring that the solutions are innovative and relevant to the evolving financial landscape.
The collaboration between Braithwate and Clausematch aims to provide timely support for both crypto-native and traditional finance (TradFi) firms striving to conform to the emerging crypto regulatory framework. This joint effort is set to benefit companies, especially with the recent focus on the MiCA regulatory environment.
This partnership announcement comes on the heels of significant global regulatory shifts, highlighted by disputes involving giants like Binance and Coinbase. Corlytics, recognising the importance of staying abreast with these changes, is committed to supplying real-time regulatory updates. This ensures clients can seamlessly adapt to the EU’s evolving crypto regulations. Furthermore, it’s noteworthy that in July 2023, Corlytics undertook the acquisition of Clausematch. This fusion of Clausematch’s advanced regulatory document capabilities with Corlytics’ intelligent regulations signifies a significant advancement in the RegTech space.
Braithwate Managing Director James Nicholls remarked, “MiCA represents a turning point in the evolution of regulation for crypto-assets: firms who operate, or seek to operate, in the European Union now have a clear set of rules detailing the authorisation process and ongoing compliance obligations. As with most EU regulations, the bar has been set high and we expect many firms will find the new governance, policy and documentation requirements to be challenging – this is why we’ve partnered with Corlytics for the Clausematch solution to offer an out-of-the-box (OOTB) solution to accelerate our clients’ authorisation as crypto-asset service providers.”
Braithwate Senior Manager Anna Nicolis shared, “Our collaboration with Corlytics utilising Clausematch solution is a testament to our dedication to providing innovative and tailored solutions to our clients. I am excited to leverage their cutting-edge technology offering policy standardisation, enhanced audit trails, and regulatory traceability specific to MiCA. This will help our clients manage the new wave of crypto-regulation with an intuitive and robust workflow.”
Corlytics President Evgeny Likhoded stated, “We have always valued our partners that have deep domain expertise and can provide their service bundled with technology. Our partnership with Braithwate is a big step forward in our mission to empower organisations to implement and maintain the highest governance and compliance standards, which are essential for crypto business landscape.”
Freddie Frith, VP, Global Head of Sales of the Clausematch platform, commented, “We are thrilled to initiate our partnership with Braithwate, which brings forth numerous opportunities in providing a blend of best in class technology and regulatory consultancy services. Our collaboration will begin by offering solutions that cater to specific regulations which have a high impact on certain industries to maintain compliance and operate safely, firstly focusing on MiCA—the latest crypto regulation in the EU.
“Our OOTB solution encompasses MiCA-related regulations, policies, and procedures, supported by templates and pre-mapped structures to evidence meeting specified obligations. This powerful combination empowers companies to maintain a competitive edge in this dynamic sector.”
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