JPMorgan Chase (NYSE:JPM) on Monday has invested in TRM Labs' crypto compliance and risk management technology. TRM Labs provides blockchain intelligence to help financial institutions, crypto firms and public agencies monitor crypto-related fraud. Note that it recently raised $60M in Series B funding, led by Tiger Global. Furthermore, TRM's transaction monitoring solution allows firms to meet anti-money laundering regulatory requirements and manage reputational and operational risk. JPM's investment comes as regulatory uncertainty in the space continues to evolve. Towards the end of January, J.P. Morgan agreed to buy a 49% stake in Viva Wallet.
