From Crypto to keys: how Cense helped a client buy his dream home
The challenge: €4.5M in Crypto. No way to use it.
Luxembourg’s cross-border financial footprint puts it in the crosshairs of fraud, tax crime, and corruption. The NRA places these threats at the highest risk level, both externally and domestically. And for institutions interacting with crypto, the message is crystal clear: AML pressure is intensifying. The table below presents a detailed threat assessment matrix which categorises the evaluated threats by their respective risk levels:
The problem: banks still struggle with crypto
Crypto is here to stay. Yet traditional banking systems are not built to handle it. Without a clear, auditable source of funds, even the cleanest crypto can trigger compliance red flags. For banks, that means risk. For clients, it means doors closed. This HNI wasn’t looking to change banks, he just needed a way to make his wealth bankable.
The solution: Cense
Compliance, simplified. We have a fully automated platform that structures and verifies crypto wealth for financial institutions. Within days, not months. Here’s how it worked:
- The client uploaded view-only wallet access.
- Cense’s system scanned all transactions and origins.
- Risk assessments and counterparty classifications were fully automated.
- Two deep-dive analyses followed, resulting in a clear, bulletproof source of wealth report.
All structured to fit the bank’s compliance framework, without grey areas.
The result: wealth verified. Home secured.
Cense delivered a full compliance report, complete with audit trail and AML/CFT alignment. The bank had the clarity it needed to move forward. Within one month, the HNI received approval, converted his crypto to fiat, and closed the deal. He kept his home. He kept his bank. And he avoided the stress, delays, and friction that typically come with onboarding crypto into fiat banking.
Why it worked
For the bank:
- Auditable, regulator-ready reporting
- Trusted compliance logic, built on proven tech
- Seamless integration with existing systems
For the client:
- Recognition of legitimate wealth
- Swift onboarding
- Full control and transparency
What we do
Cense empowers both clients and institutions to bridge the gap between virtual assets and traditional finance. Our platform translates blockchain data into verified financial narratives that banks can understand and trust.
- Automated compliance journeys
- Complete user profiling and risk analysis
- Clear source of funds and source of wealth reporting
- Enterprise-ready, SOC2 Type 2 certified, GDPR compliant
- Powered by Glassnode technology
No cure, no pay.
If we can’t verify your wealth, you don’t pay. That’s our promise. Book a live demo today and see how Cense simplifies crypto compliance.
