TRUST
The standard for Travel Rule compliance
Bringing compliance to crypto
The Travel Rule requires financial institutions to share certain basic information about their customers when sending funds over a certain amount to another financial institution. Custodial cryptocurrency exchanges (like other financial institutions) have to satisfy this rule, which was written before crypto even existed. To do this, a leading group of crypto exchanges came together to create a solution in the crypto space, while continuing to protect the security and privacy of our customers’ personal information. This unprecedented effort led to a jointly designed solution, TRUST, which has become the industry standard for complying with these requirements.
To learn more about the Travel Rule, see Travel Rule FinCEN Advisory.
The solution you can TRUST
Information is sent directly from one TRUST member to another, through end-to-end encrypted channels. TRUST never centrally stores sensitive customer information where it could be targeted by an attacker or misused by a third party.
TRUST includes a mechanism for the receiving exchange to prove that it’s the owner of the receiving crypto address before customer information is sent–to ensure that the right information is sent to the right exchange.
All TRUST members must meet core anti-money laundering, security, and privacy requirements before joining the solution. We are partnering with Exiger, a technology-enabled compliance and risk management solution, to assist in meeting these requirements.
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Introducing TRUSThub
TRUSThub enables any VASP, whether a TRUST member or not, to securely share Travel Rule information with other VASPs, regardless of the systems they use. By providing an interoperable, user-friendly platform, TRUSThub makes compliance simple and scalable.
No Transaction Limits: VASPs can continue to facilitate the majority of their users' transactions without restrictions, ensuring a smooth experience for end users.
Maintain Privacy Standards: TRUSThub’s secure data-sharing methods ensure that customer privacy is upheld while still meeting regulatory requirements.
Scalable Compliance: TRUSThub’s open-network approach allows for easy expansion, accommodating new regulations and jurisdictions as they emerge.
Interested in becoming a member?
Contact us to learn more about leveraging TRUST for your business needs.