Ethereum Co-Founder’s Firm Starts Compliance Service for Tokens

ConsenSys Inc., which is seeking to transform itself into a full-service software provider for the Ethereum network, is releasing an automated service for catching crypto’s bad guys.

Headed by one of Ethereum’s co-founders, Joseph Lubin, the New York-based company is rolling out a product focused on the know-your-customer regulatory compliance requirements that have proved to be a headache for many cryptocurrency firms.

“There are more and more people building decentralized apps that need this as a Lego piece,” said Lex Sokolin, an executive at ConsenSys in London. “What we are trying to do is make activity on…

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