StarCompliance acquires Aer Compliance
29 November 2024 US
Image: Aan/stock.adobe.com
StarCompliance, a SaaS provider of employee compliance technology solutions, has acquired Argus DBA Aer Compliance, a cryptocurrency trading pre-clearance and post-trade monitoring solutions company.
The firms say this will allow Star clients to monitor and mitigate risk more holistically by bringing traditional securities trading, and now digital assets, into one comprehensive solution.
With Aer’s capability to monitor at the coin and wallet level, going beyond ETFs, Star’s clients will gain visibility and control in the rapidly evolving cryptocurrency landscape.
Owen Rapaport, co-founder and CEO of Aer, will join Star as executive director of Product Management, Digital Assets, continuing to develop, integrate and introduce innovative solutions for mitigating cryptocurrency and digital asset risk.
This acquisition builds on Star’s leadership position in regulatory compliance, adding advanced tools to Star’s Employee Conflicts of Interest suite, tailored to the rapidly evolving world of digital assets, ensuring clients stay ahead of emerging regulatory requirements, the firms say.
Jennifer Sun, CEO of Star, comments: “By integrating Aer’s advanced technology into our platform, Star is helping our clients prepare and get ahead of emerging regulations in the fast-changing cryptocurrency space.
“We’ve been very fortunate to work with Owen and his team over the last 18 months as partners and now look forward to our future as a combined company.”
Rapaport says: “As cryptocurrency continues to mature both as a personal investment asset class and a strategic business line for financial institutions, the demand for robust compliance solutions has never been greater.
“Star’s vision for advancing employee compliance aligns perfectly with Aer’s commitment to fostering trust and integrity in this evolving landscape. Together, we will deliver cutting-edge products and usher in a new era of cryptocurrency trading and compliance.”
The firms say this will allow Star clients to monitor and mitigate risk more holistically by bringing traditional securities trading, and now digital assets, into one comprehensive solution.
With Aer’s capability to monitor at the coin and wallet level, going beyond ETFs, Star’s clients will gain visibility and control in the rapidly evolving cryptocurrency landscape.
Owen Rapaport, co-founder and CEO of Aer, will join Star as executive director of Product Management, Digital Assets, continuing to develop, integrate and introduce innovative solutions for mitigating cryptocurrency and digital asset risk.
This acquisition builds on Star’s leadership position in regulatory compliance, adding advanced tools to Star’s Employee Conflicts of Interest suite, tailored to the rapidly evolving world of digital assets, ensuring clients stay ahead of emerging regulatory requirements, the firms say.
Jennifer Sun, CEO of Star, comments: “By integrating Aer’s advanced technology into our platform, Star is helping our clients prepare and get ahead of emerging regulations in the fast-changing cryptocurrency space.
“We’ve been very fortunate to work with Owen and his team over the last 18 months as partners and now look forward to our future as a combined company.”
Rapaport says: “As cryptocurrency continues to mature both as a personal investment asset class and a strategic business line for financial institutions, the demand for robust compliance solutions has never been greater.
“Star’s vision for advancing employee compliance aligns perfectly with Aer’s commitment to fostering trust and integrity in this evolving landscape. Together, we will deliver cutting-edge products and usher in a new era of cryptocurrency trading and compliance.”
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