The partnership marks an important step in VALEGA's focus on the traditional banking and financial sector, TradFi. Through its specialist expertise in blockchain analytics, VALEGA will play a central role in bridging the gap between the established financial system and the emerging world of decentralized finance, DeFi.

To further strengthen its position within banking and finance, with a particular focus on regulatory compliance, anti-money laundering, AML, and sanctions screening, VALEGA is now strengthening its board with:

• Peter Almberg, Chairman of Katalysen Ventures and a fintech veteran who helped lay the foundations for today's electronic financial markets.
• Håkan Källåker, Chairman of Cicero Fonder, who has previously held senior executive positions at several European banks and is a recognized expert in AML and regulatory matters.
• Oscar Chröisty, former Head of Financial Services at Monitor Deloitte, with a background in commercial banking in San Francisco.

VALEGA's CEO, Sven Färm Martinsson, welcomes the new board members:

"The traditional banking market needs clear guardrails and robust control mechanisms in order to feel fully confident with decentralized finance on the blockchain. VALEGA's work within regulatory compliance and forensic analysis for AML-related matters on blockchains is a critical piece of the puzzle in driving the growth and acceptance of the new decentralized financial system."

The board reinforcement is an important step in further strengthening VALEGA's credibility with banks, payment providers, and AML system vendors, with which the company is currently engaged in a large number of contract negotiations. The change also takes place in connection with an ongoing capital raise to finance the company's continued growth and expansion, with the goal of becoming a leading European player within its segment.