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Supporting developers, startups, and full-fledged companies building on Stellar and Soroban
© 2025 Stellar Development Foundation
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By Merkle Science Plattform for Soroban
Compass: Wallet screening, transaction monitoring, and risk analytics to detect illicit and sanctioned activity across blockchain networks.
Tracker: Cross-chain analytics to support flow of funds analysis against illicit and sanctioned actors.
DeFi Protection: Monitoring of DApps such as Dexes, bridges, and lending protocols to prevent sanctioned or high-risk exposure supporting compliant DeFi growth.
Institution-Ready Compliance Infrastructure: API/SDK tools that ecosystem projects (wallets, custodians, issuers, validators) can integrate to meet bank secrecy act regulatory requirements, e.g. CFT/AML.
Data Platform: Data analytics on wallet and dApp growth, capital flows, stablecoin activity to guide growth strategies.
$138.0K
Over 100+ clients globally, including leading Web3 brands such as Crypto.com, MetaMask, major Layer 1 ecosystems, e.g., Sui, Aleo, Hedera, and Stellar. Merkle Science has supported Stellar since 2022 enabling regulatory compliant onboarding of institutions while protecting retail users from scams.
Sample announcements of the partnership are shown below:
Co-hosting institutional events with Stellar to win builders and financial institutions 1. https://luma.com/pbwinstitutional 2. https://x.com/MerkleScience/status/1902787357394473391
Stellar + Merkle Science partnership announcement for Stellar Core coverage:https://stellar.org/press/merkle-science-joins-forces-with-stellar-development-foundation-to-enhance-web3-risk-mitigation-and-compliance-capabilities
Industry Leading Infrastructure
Deployed compliance and security infrastructure across 27+ blockchains, enabling:
Cross-chain tracing and flow-of-funds analysis
Sub-second API response times (P75 < 1 second)
99.9% uptime SLA for institutional-grade reliability
Real-time monitoring processing thousands of screening requests per second
Our 1B+ attribution database spans 18 illicit actor typologies, including OFAC sanctions coverage, forming the backbone for institutional blockchain adoption.
Strategic Partnership with Zero Shadow, IVAN, and Crypto ISAC to support criminal investigations
Institutional Validation & Market Credibility
$27M+ raised since 2018
45-person global team across New York, Singapore, Bangalore, and London
Recognized in the PwC 2025 industry report, identifying Merkle Science’s core capabilities (risk scoring, transaction monitoring, flow-of-funds analysis) as foundational requirements for institutional blockchain adoption
Proven Ecosystem Impact
Merkle Science has successfully deployed compliance and security infrastructure across major Layer 1 ecosystems such as Hedera, Polkadot, Sui, and Aleo, with demonstrated impact:
Supporting ecosystem growth that surpassed $2B+ TVL within months of integration
Attracting major stablecoin issuers by removing regulatory friction through embedded compliance tooling
Enabling ecosystem-wide transaction monitoring to protect DeFi protocols and cross-chain bridges
Integrations with major wallets such as Slush, Metamask, and Fearless etc to block threat actors in real time
Providing cross-chain intelligence to mitigate illicit flows before they contaminate ecosystem liquidity
Stellar Ecosystem Impact
By expanding Merkle Science’s integration across Soroban ecosystem projects, Stellar benefits from:
**Wallet-Level Scam Prevention
**Enable Stellar wallets such as Lobstr to leverage Merkle Science’s attribution database to flag sanctioned entities, scam wallets, and high-risk actors before users transact — reducing fraud and protecting both retail and institutional participants.
**Transparency Across Soroban Smart Contracts
**Create clearer visibility into counterparties interacting with Soroban contracts, allowing builders, stablecoin issuers, and dApps to understand who is transacting with whom. This data enables growth insights for stablecoin issuers and ecosystem projects to identify where liquidity is flowing, which contracts are gaining traction, and how capital moves across the ecosystem.
**Bridge & Cross-Chain Illicit Flow Protection
**Protect Soroban and Stellar-based DeFi protocols from illicit actors bridging in risk exposure from external ecosystems through real-time cross-chain tracing and monitoring.
**Regulatory Enablement for North America & Other Regulated Jurisdictions
**Provide the compliance infrastructure required for entities operating in regulated markets — including stablecoin issuers, financial institutions, anchors, and RWA issuers — to confidently build and scale on Stellar.
Tranche 1: GALEXIE INTEGRATION & SOROBAN DATA PROCESSING
**GALEXIE INTEGRATION & SOROBAN DATA PROCESSING
**Team: 2 senior data engineers, 1 data scientist
Duration: 2 months — $27,600 (20%)
Phase 1: Galexie/CDP Setup
Deploy and configure Galexie for Stellar ledger metadata extraction
Set up cloud storage (S3/BigQuery) for Galexie data lake output
Configure Galexie export pipelines (Parquet/Protobuf format)
Establish monitoring for Galexie pipeline health and data freshness
Phase 2: Soroban-Specific Data Processing
Implement automated ingestion from Galexie data lake
Parse Soroban contracts and event data from ledger metadata
Extract token transfer events using Ingest SDK token_transfer.EventsProcessor
Build Soroban-specific data models for SEP41 for analytics optimization
Backfill historical Soroban data from Galexie exports
Integrate pricing data for XLM, USDC, and Soroban assets
Initialize graph-based storage for Soroban transaction relationships
Phase 3: Quality Assurance
Validate Soroban data completeness against Galexie source
Test ingestion pipeline performance and latency
Verify contract parsing accuracy (sample testing)
Assess data quality across transactions, events, and contract states
Phase 4: Analytics Preparation
Index Soroban addresses and contract interactions for query optimization
Create analytics tables optimized for real-time risk scoring
Prepare transaction graph datasets for pattern analysis
Document Galexie integration architecture and data flows
Tranche 1 Deliverables:
Galexie Integration: Production Galexie deployment with automated data ingestion
Soroban Datasets: Processed transaction, event, and smart contract data
Data Quality Report: Validation metrics and pipeline performance benchmark
Tranche 2: RISK INTELLIGENCE & ATTRIBUTION ENGINE
Duration: 2 months — $41,400 (30%)
Team: 1 senior product manager, 2 threat intelligence analysts, 1 data scientist
Intelligence Integration
Attribute 18 actor types across Soroban ecosystem: https://docs.merklescience.com/docs/entities-category
Attribute key ecosystem partners: Abroad, Blend, Freighter Fee Wallet, Lobstr Fee Wallet, Lumenswap, Mercuryo, Moneygram, and Soroswap.
Apply OFAC sanctions lists with daily updates
Incorporate stablecoin issuer blacklist such as Tether USDT for Soroban assets
Identify mixer contracts on Soroban
Flag high-risk jurisdiction addresses
Identify illicit actors such as scams and malware
Attribute DeFi protocol contracts and liquidity pools
Analytics & Risk Modeling
Analyze Soroban transaction patterns for clustering
Apply proprietary clustering heuristics to Soroban addresses
Generate entity relationship graphs
Deploy ML-based risk scoring algorithms
Map entity fingerprints via AI clustering
Token & Contract Analysis
Identify and register 30+ Soroban token contracts (SEP41)
Attribute smart contract ownership such as:
Abroad Bridge Smart Contract for USDC bridging to enable cross chain flow of funds analysis
Soroswap smart contracts to ingest token swaps: https://docs.soroswap.finance/soroswap-api
Lumenswap smart contracts to ingest bridging and token swaps: https://lumenswap.org/#
Beta Testing
Conduct beta testing with Solution Architects for Compass API and Tracker
Validate risk scoring accuracy on known Soroban addresses
Test attribution quality across 18 categories
Verify fingerprinting for realtime labelling
Tranche 2 Deliverables:
Analytics Models: Deployed clustering, and risk scoring scoring across 18 risk categories
Risk Intelligence Engine: Risk scoring models and pattern detection for sanctioned and illicit activities
Attribution Database: 10,000+ verifiable attributions across the 18 risk categories e.g., Abroad, Lumenswap, Soroswap, Moneygram, Mercuryo etc.
Token Registry: 30+ Soroban token contracts (SEP41) identified, classified, and ingested
Tranche 3: **PRODUCTION DEPLOYMENT, API ACCESS & DOCUMENTATION
**Duration: 1 month — $55,200 (40%)
Team: 2 frontend engineers, 2 backend engineers
Product Integration
Integrate Soroban risk analytics into Compass (Transaction Monitoring)
Integrate Soroban data into Tracker (Forensics Platform)
Enable address search and flow of funds visualization in Tracker
Enable Cross-chain flow of funds analysis
Show minting and burn of USDC via Abroad Bridge
Deploy API endpoints for programmatic risk screening to an initial group of 4 integration partners.
Performance Requirements
API response time (P75): < 1 second
System uptime: 99.9%
Real-time transaction analysis delay: < 5 seconds
Historical query performance: < 3 seconds
Feature Requirements
Address risk scoring in Compass
Transaction monitoring with customizable rules
Real-time alerting for high-risk activity
Multi-hop and cross-chain flow of fund visualization in Tracker
Cross-Chain flow of fund analysis between Stellar and Soroban
Compliance report export functionality
Batch screening API for bulk address checks
Historical transaction analysis and investigation tools
Tranche 3 Deliverables:
Production Release: Live Soroban analytics in Compass and Tracker
Token Coverage: 30+ Soroban tokens (SEP41) with full risk intelligence
API Documentation: Complete API reference with integration examples publicly documented
Provide a Merkle Science “Security SDK” for Stellar dApps and wallets that accelerates how wallet providers can plug into Merkle Science API
CDP Contribution: Documentation and insights contributed to Galexie CDP community
At least 4 Stellar companies onboarded with complimentary licenses (valued at $30,000 each).
Ecosystem engagement is already underway, with active discussions with PayPal (PYSUD) and Soroswap for early-stage testing. We have reached out to Abroad, Blend, Lobstr, and Lumenswap.
Tiered Access:
Unlimited Builder-tier access: up to 1,000 API calls per year for all dApps
4x Growth-tier upgrade: 60,000 API Calls per year including Compass and Tracker
Each of the 4 projects has verified API access evidence by API keys, delivering at least 10,000 screened transactions within 8 months
Performance Report: Verified API response times and system uptime metrics (P75 <1 sec, 99.9%)
Provide reviewer-verifiable demos by providing API access and example addresses to query across 18 categories
Dr. Justus Delp, Solution Architect
Dr. Justus Delp is responsible for architecting solutions that drive Merkle Science’s competitive advantage in crypto compliance and investigation. Previously, he served as a Product Training Specialist and Solutions Architect at Chainalysis and drove solution architecture at both Accenture and Bitfury, where he specialised in designing enterprise-grade blockchain solutions. His technical acumen and experience working with top-tier clients enable him to create tailored, scalable solutions that address complex compliance needs.
https://www.linkedin.com/in/justus-delp/
Joined Merkle Science in May 2024
Lakshmi Narasimham, Engineer
Lakshmi Narasimham, an experienced engineering leader with over 17 years of experience specializing in developing scalable systems, high-performance architectures, and delivering complex software products. As the Director of Product Engineering at Merkle Science, he manages high-scale systems, processes over 1 billion records, and supports 100,000 concurrent users. He has successfully launched multiple products, including a referral platform with 20,000 users in 50 days and a location tracking engine monitoring 300 million kilometers. Lakshmi holds an M.Tech in Computer Science and Engineering from IIT Bombay.
https://www.linkedin.com/in/lakshmi-narasimham/
With Merkle Science since January 2022
Justus
By Merkle Science Plattform for Soroban
Risk Intelligence for Soroban