An asset manager engaged Provenance to conduct comprehensive due diligence and on-chain analytics on a potential client. Our thorough analysis revealed adverse media and questionable activity linked to the individual, but despite our findings, the asset manager chose to proceed. Months later, issues arose that validated our initial concerns, leading them to partner with Provenance for ongoing due diligence support. 

The Challenge 
In the digital asset space, identifying hidden risks associated with potential clients is increasingly challenging yet critical. This asset manager initially sought our services to vet a high-profile individual but ultimately decided to onboard them despite our findings. Our analysis had shown red flags and the asset manager was exposed to unforeseen risks. 

Our Solution 
Provenance provided a detailed due diligence report, including adverse media screening and advanced on-chain analytics. Our assessment highlighted several red flags that indicated potential reputational and financial risks. With our expertise in blockchain analytics, we scrutinized the individual’s transaction history, patterns, and associations, presenting a clear risk profile that advised caution. 

Results and Impact 
After onboarding the client, the asset manager encountered significant issues that aligned with our initial findings, leading them to reevaluate their approach to risk management. They returned to Provenance, recognizing the value of our detailed due diligence and on-chain analytics, and have since become a full-time client. Today, we conduct thorough assessments on all their prospective clients, helping them make informed, risk-averse decisions. 

Value as a Partner 
Provenance’s expertise in enhanced due diligence and on-chain analytics offers asset managers a deeper level of insight and security. By partnering with us, clients benefit from proactive risk identification, reducing exposure to reputational and operational risks. Our dedicated, data-driven approach builds trust and confidence, ensuring that every client decision is backed by comprehensive, actionable intelligence.