Corlytics Clausematch has partnered with Braithwate, a regulatory consultancy focused on digital assets, to address the growing need for automated, transparent, and efficient regulatory compliance procedures among firms active in cryptocurrency markets. The alliance follows ESMA’s recent release of the second consultation package for the EU’s upcoming Markets in Crypto Assets (MiCA) regulation.
The partners hope to combine Corlytics Clausematch’s compliance technology with Braithwate’s subject matter expertise and content to help financial institutions to address the challenge of managing compliance within the MiCA framework and wider crypto regulations.
Braithwate provides policy and procedure content to help crypto-asset firms get authorised and comply with MiCA’s requirements, while the Clausematch platform will cover the technology side, helping both crypto native and TradFi firms needing to comply with the new crypto regulation.
According to James Nicholls, Managing Director at Braithwate says: “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.”
Nicholls says Braithwate has partnered with Corlytics for the Clausematch platform “to offer an out-of-the-box (OOTB) solution to accelerate our clients’ authorisation as crypto-asset service providers.”
Adds Anna Nicolis, Senior Manager at Braithwate: “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.”
Freddie Frith, VP, Global Head of Sales of the Clausematch platform, says “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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