USD 300 Billion of Travel Rule Compliant Asset Transfers Processed

We are proud to announce that VerifyVASP has processed over USD 300 billion in verified, Travel Rule compliant virtual asset transfers as of March 2025. This remarkable milestone comes just six months after crossing the USD 200 billion mark, underscoring the rapid adoption and growing trust in VerifyVASP’s Verified Network.

Our Verified Network remains the only solution in the market that conducts real-time, pre-transaction verification of declared beneficiaries — setting the benchmark for effective and secure Travel Rule compliance, audited by an independent third party.

Beyond regulatory compliance, the Verified Network has consistently demonstrated its effectiveness in identifying and intercepting stolen or defrauded assets. Coordinated efforts among our members have enabled successful asset recovery in several high-profile incidents, many of which are believed to involve state-sponsored illicit actors. These cases have further highlighted the critical importance of robust Travel Rule implementation.

The need for the Verified Network will only grow as the Financial Action Task Force (FATF) updates Recommendation 16. The proposed revisions aim to enhance the speed, affordability, transparency, and inclusivity of payments and value transfers — while ensuring they remain safe and secure, in line with the G20 Priority Action Plan.

We anticipate heightened regulatory scrutiny as the FATF embarks on its next round of mutual evaluations. Upcoming evaluations based on the 2022 Framework will place greater emphasis on the effectiveness of implementation in addition to technical compliance.

If you would like support in achieving effective Travel Rule compliance, please reach out to us at [email protected].