Chainalysis Expands Platform to Include Hundreds of Thousands of Assets on the XRPL

Blockchain analytics company Chainalysis has made its platform more comprehensive by extending support beyond XRP itself, now tracking over 260,000 tokens circulating on the XRP Ledger. This move signifies a shift from focusing solely on XRP to providing broader insight into various asset types. The expanded scope encompasses fungible IOUs, non-fungible tokens (NFTs) under the XLS-20 standard, and multi-purpose tokens (MPTs), similar to Ethereum’s ERC-1155 format, which allows for diverse asset representation. Chainalysis utilizes its KYT system to alert users to suspicious transactions, monitor compliance, and detect unusual activity in real-time. Additionally, the platform offers investigative tools like Chainalysis Reactor, enabling investigators to map token movements, identify anomalies, and link addresses across the XRPL.