Real-time market oversight for digital assets
A national regulator adopted Financial Guardian to monitor systemic risk across licensed VASPs and issue evidence-backed enforcement.
Challenge
As MiCA came into force, the regulator needed market-wide visibility into every licensed digital asset service provider without waiting for periodic filings. Supervisors also lacked the tooling to model the on-chain impact of proposed rules before publication.
Approach
- 1
Financial Guardian deployed a dedicated supervisory tenant with continuous ingestion of every licensed VASP's on-chain footprint.
- 2
The regulator's data science team used Business Data to backtest proposed thresholds against three years of historical flows, evidencing policy decisions with real data.
- 3
Enforcement teams gained direct access to the same intelligence, so investigations and supervisory reviews shared a single source of truth.
Outcome
The regulator now supervises the entire licensed market in real time, models rule changes before publication, and has issued its first evidence-backed enforcement actions built on Financial Guardian tracing. The programme is being cited as a reference deployment across the region.
“For the first time we see the market the way the market sees itself. Our decisions are grounded in evidence, and the industry knows it.”
