Blockchain Foundry Inc. announced that it has launched an MVP pilot of Peregrine, a unique digital asset compliance tool. The tool allows operators of security tokens, stablecoins, Central Bank Digital Currencies (CBDCs), NFTs, and other digital assets to apply custom rulesets to digital asset transactions, including overlaying traditional financial compliance requirements onto token ecosystems. As development continues following the initial MVP pilot, Peregrine will allow users to implement templates for digital token transactions modelled after the regulatory frameworks which apply in respect of traditional securities. For Peregrine’s initial commercial deployment, BCF intends to develop templates for North American jurisdictions based on the compliance frameworks required such regulators as the Canadian Securities Administrators (CSA), the SEC, FINRA, FINTRAC, FinCEN and others. Peregrine will also allow transactions on the network to be assessed for factors that may point to fraudulent and illicit activity using Blockchain Intelligence Group’s BitRank Verified® technology which will be integrated into Peregrine. This optional add-on feature will allow projects to run wallet addresses through the software’s AML/Fraud/CTF compliance and criminal activity checks and generate a risk score known as the BitRank score. Users will have the ability to ban users with scores below a predetermined threshold. Peregrine aims to reduce compliance and regulatory risk by allowing projects to select the rules that apply to their tokens while helping eliminate fraudulent and illicit transactions on their networks.