Merkle Science

What Merkle Science does

Merkle Science, operating legally as Stackseer Technologies Pte. Ltd., is a predictive blockchain analytics and crypto compliance platform founded in 2018 and headquartered in Singapore with Americas operations in Brooklyn, New York. The company serves crypto exchanges, financial institutions, law enforcement agencies, regulators, and blockchain protocols, providing tools to detect suspicious transactions, screen wallets for sanctions and illicit activity exposure, and trace stolen funds across blockchains. The platform is structured around four core products: Compass for AML/KYC/CFT-compliant transaction monitoring and wallet screening; Tracker for forensic investigation of illicit crypto activity with crosschain coverage of 10,000+ assets and 200 bridges; KYBB for due diligence and risk reporting on blockchain businesses; and Onchain Pulse for AI-powered proactive risk intelligence on tokens and VASPs targeting protocol-level adoption. Underpinning these products is a proprietary Behavioral Rule Engine that detects suspicious wallets before they are tagged on conventional blacklists, plus an attribution framework with documented evidence, confidence scores, and auditable metadata.

The underlying technology combines predictive analytics, anomaly detection, and multi-hop analysis (up to five hops from identified entities) to surface criminal behavior patterns. The platform is mapped to FATF Red Flag Indicators, FinCEN advisories, and country-specific AML/CFT regulations. A fifth product line, the Institute, delivers training and certification (MiCAR Compliance at $400/seat, Crypto Investigator Certification at $600-$1,200/seat) to compliance professionals and investigators.

Merkle Science operates a sales-led enterprise GTM with consultative demos, direct SaaS subscriptions to Compass/Tracker/KYBB, a freemium tier (1,000 annual screenings, unlimited rescreening) to drive conversion, and professional services revenue from EDD and KYBB reports. The company has raised approximately $24 million across a 2019 seed, a 2021 Series A of $5.75 million, and a 2022 Series A extension of over $19 million. Named customers span trading firms (Susquehanna, BitMex, CoinFund), blockchain protocols (Hedera, Sui Foundation, HBAR Foundation), and government users (former DEA Detective endorsement). The company acquired Staging Labs in June 2024 to deepen EVM attribution capabilities.

Name

Merkle Science

Legal name

Stackseer Technologies Pte. Ltd.

Website

https://merklescience.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Merkle Science is a Singapore-headquartered blockchain analytics and crypto compliance platform serving crypto exchanges, financial institutions, law enforcement, and blockchain protocols with predictive transaction monitoring, wallet screening, forensic tracing, and due diligence reporting across 10,000+ crypto assets.

Ownership category

akta.pro rank

Product category

Blockchain Analytics and Crypto Compliance Software

NAICS

Credit Bureaus (561450), Security Guards and Patrol Services (561612)

SIC

Finance Services (6199), Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Blockchain Analytics & Transaction Monitoring (FSADALAB)

akta.pro secondary industries

Sanctions Screening & Watchlist/PEP Screening (Crypto) (FSADALAC), Fraud Detection, Scam Prevention & Account Takeover (Crypto) (FSADALAF), Risk Scoring, Credit & Fraud Analytics (counterparty/wallet risk) (FSAPAJAF)

Keywords

• Blockchain analytics
• Crypto compliance
• Transaction monitoring
• Crypto forensics
• AML screening

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Subscription/Platform Licensing: SaaS-based platform access for Compass, Tracker, and KYBB tools. Organizations pay for ongoing access to blockchain analytics and monitoring services with tiered pricing based on usage and features.
2. Freemium Offering: Free transaction monitoring with 1,000 annual screenings and unlimited rescreening to drive adoption and conversion to paid tiers.
3. Training and Certification: Revenue from professional certification courses including Crypto Investigator Certification and MiCAR Compliance courses, with pricing from $400-$1,200 per person.
4. Professional Services: Intelligence reports including Enhanced Due Diligence (EDD) Report and Know Your Blockchain Business (KYBB) Report for compliance and due diligence purposes.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels8 records

Core offering

Merkle Science provides an AI-powered predictive blockchain analytics platform for crypto risk and compliance. Its core products deliver predictive transaction and wallet monitoring (Compass), forensic cryptocurrency crime investigation (Tracker), blockchain business due diligence and risk reports (KYBB), ecosystem-level token and VASP risk intelligence (Onchain Pulse), and professional training and certification (Institute). The platform serves crypto exchanges, financial institutions, blockchain protocols, regulators, and law enforcement agencies.

Product overview

Merkle Science is a Predictive Crypto Risk & Intelligence Platform providing AI-powered blockchain analytics for automated investigations and compliance. The platform operates as an integrated suite of five core products: Compass for transaction/wallet monitoring, Tracker for forensic investigations, KYBB for due diligence reports, Institute for training certifications, and Onchain Pulse for proactive ecosystem risk intelligence. The products share a unified Behavioral Rule Engine that provides predictive risk scoring and crosschain tracing capabilities, enabling compliance teams to detect suspicious activity beyond traditional blacklists while supporting law enforcement in crypto crime investigations.

Differentiator

Problem solved

Functional benefit

Products and services

• Compass Predictive transaction monitoring and wallet screening platform for AML, KYC, and CFT compliance. Identifies suspicious transactions, prevents sanctions violations, and protects users from scams using behavior-based insights and real-time screening. Used by crypto exchanges, financial institutions, dApps, wallets, and protocols.
• Tracker Forensic cryptocurrency transaction analysis tool for law enforcement and investigators to detect and trace illicit activity, track stolen funds, and investigate hacks, scams, and exploits. Provides industry-leading crosschain coverage for 10,000+ assets and 200 bridges.
• KYBB (Know Your Blockchain Business) Due diligence and risk reporting platform for performing blockchain business assessments, flagging risky transactions, and generating comprehensive risk reports on crypto entities for compliance and counterparty assessment.
• Onchain Pulse AI-powered proactive risk intelligence platform for blockchain protocols, providing token risk scores across blockchains, sanctions and darknet activity flagging, CSAM detection, and aggregate risk scores for VASPs to support institutional and stablecoin adoption.
• Institute Training and certification program for compliance officers, investigators, and blockchain professionals, offering courses on MiCAR Compliance, Advanced Crypto Compliance, and Crypto Investigator Certification.
• Crypto Investigator Certification On-demand certification course teaching blockchain investigators how to trace cryptocurrency transactions, conduct on-chain investigations, and navigate the crypto landscape from blockchain basics to advanced techniques. Includes digital completion certificate and badge, exam administration, and instructor access.
• MiCAR Compliance - Stablecoin Issuer Certification Specialized course providing in-depth knowledge of the Markets in Crypto-Assets Regulation (MiCAR) for stablecoin issuers, covering authorization procedures, operational obligations, and compliance requirements.
• Enhanced Due Diligence (EDD) Report Professional service that flags risky transactions and generates 360-degree reports on blockchain businesses to support enhanced due diligence compliance.
• Know Your Blockchain Business (KYBB) Report Professional service that identifies and performs due diligence on crypto businesses and customers for compliance and risk assessment purposes.

Quantifiable outcome

• Real-time data feed from block to API in seconds
• +1 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature7 records

Partnerships

Four partnerships are on record, tiered core.

• Request Network FoundationcoreTechnology or Integration · 25 June 2026Request Network integrated Merkle Science's wallet screening into its stablecoin payment platform, adding compliance capabilities to protect users from high-risk wallet interactions. Merkle Science provides real-time transaction screening for Request Network's cross-chain mass payout functionality across EVM chains (Ethereum, Base, Arbitrum, Optimism, Polygon, BNB Chain) and Tron.
• Sui FoundationcoreStrategic or Co-development PartnerStrategic partnership to boost blockchain security for the Sui ecosystem. Merkle Science provides cutting-edge, proactive security technology integrated into Sui's blockchain infrastructure, combining Sui's Move programming language and cryptographic protections with Merkle Science's compliance tools.
• HederacoreStrategic or Co-development PartnerIntegration of Merkle Science platform into the Hedera ecosystem, providing critical compliance infrastructure for HBAR and HTS token implementations in the regulated financial space. Partnership supports increasing number of Hedera implementations requiring regulatory compliance.
• Staging LabscoreStrategic or Co-development PartnerAcquired by Merkle Science in June 2024 to enhance its EVM (Ethereum Virtual Machine) attribution capabilities, strengthening the platform's crosschain tracing and attribution technology.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Chainalysis: Chainalysis is the dominant blockchain analytics platform offering transaction monitoring, KYC/AML compliance, and investigation tools to law enforcement, financial institutions, and crypto businesses. It competes head-to-head with Merkle Science's Compass and Tracker products and serves a similar customer base across government agencies and exchanges.
• TRM Labs: TRM Labs provides blockchain intelligence and crypto compliance solutions for transaction monitoring, wallet screening, and investigations, targeting financial institutions, crypto businesses, and government agencies. It is one of Merkle Science's closest direct competitors with overlapping product capabilities in predictive transaction monitoring and forensics.
• Elliptic: Elliptic offers blockchain analytics and crypto risk management for compliance, fraud detection, and investigations, serving exchanges, financial institutions, and law enforcement globally. It directly overlaps with Merkle Science's Compass, Tracker, and crosschain tracing offerings.
• Crystal Blockchain: Crystal Blockchain (by Bitfury) provides AML compliance and forensic analytics for virtual assets, covering transaction monitoring, KYC, and investigation use cases for law enforcement, exchanges, and banks. It is a direct competitor in the same blockchain analytics and compliance category as Merkle Science.
• Solidus Labs: Solidus Labs provides crypto-native trade surveillance, AML, and fraud detection across CEXs, DEXs, and token issuers. It competes directly with Merkle Science's Compass product for crypto business and exchange customers requiring market integrity and transaction monitoring.
• Scorechain: Scorechain is a blockchain analytics company offering AML, KYC, and transaction monitoring tools for crypto businesses and financial institutions across multiple blockchains. It overlaps with Merkle Science's wallet screening and compliance reporting capabilities, particularly in European markets.

Emerging players

• Blockaid: Blockaid provides onchain security and threat detection for web3 applications, including wallet screening and transaction simulation. While more focused on consumer wallet and dApp security than compliance, it intersects with Merkle Science's Onchain Pulse and Tracker offerings for ecosystem-level risk intelligence.

Broad incumbents

• Sumsub: Sumsub is a broader identity verification and AML/KYC platform that has expanded into crypto compliance and transaction monitoring. While it serves a wider customer base beyond crypto, its crypto compliance features position it as an adjacent competitor to Merkle Science's Compass for VASPs and crypto exchanges.
• Coinbase Compliance Cloud: Coinbase offers institutional crypto compliance and analytics tools including wallet screening, transaction monitoring, and case management for financial institutions and crypto businesses. As a major exchange-affiliated incumbent, it competes for institutional compliance budgets alongside Merkle Science.
• Mastercard Crypto Intelligence (CipherTrace): Mastercard acquired CipherTrace to deliver blockchain analytics and crypto compliance tools to banks, regulators, and exchanges. Its scale, banking distribution, and global reach position it as a broad incumbent competitor to Merkle Science, particularly for traditional financial institution customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/merklescience
• YouTubeyoutube.com/@MerkleScience
• Facebookfacebook.com/merklescience
• LinkedInlinkedin.com/company/merklescience

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds5 records

Investors26 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Merkle Science