The Challenge: 

When Provenance first entered the market, there was a clear gap in dedicated AML & Compliance support for regulated entities & funds engaging in digital assets. Independent Executive Directors, especially those new to the crypto landscape, needed specialized insights and reliable guidance to confidently manage compliance oversight for crypto-focused entities & funds. 

Our Solution: 
Provenance became the first firm to offer tailored AML Officer services to funds accepting subscriptions in crypto or managing crypto assets. Drawing on over 3.5 years of hands-on experience, we developed a uniquely comprehensive approach to digital asset compliance. We currently serve around 40% of VASPs in the Cayman Islands. 

Our AML Compliance Officers bring deep knowledge of crypto and traditional finance to regulated structures, offering valuable guardrails that align with regulatory expectations. Provenance also leverages its strong relationships with regulators and, ensuring that our clients benefit from our global reach and experience. 

Results and Impact: 
Our proven expertise has empowered Independent Directors and Asset Managers, enabling them to confidently preside over crypto entites and strategies such as algorithmic trading and crypto-based subscriptions/redemptions. Currently, we proudly serve approximately 40% of VASPs in the Cayman Islands, demonstrating our significant footprint and reputation in the industry.  

Value as a Partner 
As a compliance leader, Provenance supports board directors with the tools and insights they need to uphold and advance the integrity of digital asset funds. We are not just service providers; we are collaborators in building a secure and forward-thinking governance framework.