TRM Labs and Finray team up on MiCA compliance for banks

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TRM Labs partners with Finray

Bridging fiat and on-chain risk

The collaboration comes as the European Union’s Markets in Crypto-Assets (MiCA) regulation enters full supervisory phase. In January 2025, the European Securities and Markets Authority issued guidance to national regulators and began publishing a public register of MiCA-authorized and non-compliant entities. Institutions operating in both fiat and digital-asset markets increasingly face pressure to unify oversight of crypto transfers, stablecoin settlements and traditional payment flows.

The integration incorporates TRM Transaction Monitoring and TRM Wallet Screening into Finray’s XZiel compliance engine. Risk signals for crypto transfers, wallet interactions and on-chain exposure are surfaced within the same workflow used for fiat monitoring, allowing institutions to hold, clear, escalate and document decisions in a single environment. The system supports major blockchains including Bitcoin, Ethereum and Tron, as well as USDT and USDC stablecoin flows.

“Financial institutions and crypto businesses need more than raw blockchain data – they need clear, actionable intelligence that stands up to regulatory scrutiny,” said Morley Gordon, Head of Partnerships at TRM Labs. “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.”

Oleksandr Potapenko, Founder and CEO of Finray Technologies, said:

“Compliance teams can’t manage fiat and crypto risk in separate systems anymore. 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.”

Faster deployment, heightened oversight

The integration is generally available to existing customers. Institutions with a TRM API key can activate the system within days, while full workflow configuration typically takes two to four weeks. Finray’s infrastructure is EU-hosted and ISO/IEC 27001:2022 certified, reflecting heightened data-security expectations under European regulations.

TRM Labs provides blockchain analytics to law enforcement agencies, financial institutions and crypto businesses worldwide, helping trace funds and detect illicit activity. The partnership underscores a broader shift in compliance strategy as more economic activity moves on-chain.

Why this matters

As MiCA reshapes the European regulatory landscape, institutions can no longer treat crypto compliance as a standalone function. Unified monitoring across fiat and blockchain systems is becoming a baseline requirement. Partnerships like this signal how regulatory intent is translating into operational infrastructure across global financial markets.

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