VerifyVASP

VerifyVASP is a Singapore-based Information Technology startup that was established in 2019. The company's slogan "A best-in-class travel rule solution for virtual asset service providers (VASPs)" encapsulates its primary focus. VerifyVASP aims to provide VASPs with a comprehensive travel rule solution to ensure compliance with regulatory requirements across jurisdictions. The Financial Action Task Force (FATF) has set the travel rule principles, which have been incorporated into laws and regulations in various countries, mandating compliance. Compliance involves the secure and immediate sharing of transaction and personal identifying data between VASPs. VerifyVASP has recognized the importance of prioritizing individuals' privacy and data protection while implementing its travel rule solution. The startup recently received a significant $5.00M Series A investment on 08 September 2022 from notable investors including Peak Capital, FTX Ventures, and Bcharu. By securing this investment, VerifyVASP is poised to further develop and enhance its travel rule solution, empowering VASPs to achieve cost-effective and accessible compliance. This recent injection of capital acknowledges the potential and relevance of VerifyVASP's solution within the rapidly evolving landscape of virtual asset services.