Sumsub Companions with Fireblocks to Guarantee Travel Rule Compliance

Compliance and fraud prevention platform Sumsub has teamed up with digital asset infrastructure options supplier Fireblocks to supply Travel Rule compliance.

The Travel Rule is a regulation mandated by the Financial Action Task Force (FATF) designed to struggle cash laundering and terrorist financing. The rule requires monetary establishments and Virtual Asset Service Providers (VASPs) to share particular details about the sender and receiver of funds throughout sure transactions. Enacted to defend conventional monetary transactions from cash laundering and terrorist financing, the rule has been prolonged to cowl cryptocurrencies and digital belongings.

Courtesy of the partnership, Sumsub’s Travel Rule resolution shall be natively built-in into the Fireblocks platform. This will present each monetary establishments and VASPs with real-time, automated, and dynamic verification for digital asset transactions. Fireblocks customers will profit from full management over compliance workflows, enabling them to customise these workflows to suit their most well-liked danger profiles. The integration options automated and encrypted Travel Rule knowledge trade between VASPs, supporting quicker and safer stablecoin funds.

“We’re excited to partner with Fireblocks to bring native Travel Rule compliance directly into one of the world’s leading digital asset infrastructure platforms,” the corporate noted on its X page. “Together we’re setting a new standard for Travel Rule compliance—secure, automated, and designed for scale—helping businesses power faster, safer, and fully compliant stablecoin payments.”

The Sumsub/Fireblocks partnership comes at a time of elevated curiosity in stablecoins, with stablecoin volumes nearing $1 trillion per 30 days in 2025, twice the degrees of the earlier 12 months. The rise of stablecoins has put strain on the fragmented settlement rails and compliance workflows of VASPs and different monetary establishments. Further, evolving laws—from MiCA within the European Union to the newest strikes from the FATF—are driving companies to enhance their potential to handle monetary dangers related to digital belongings, together with each implementation and operationalization of the Travel Rule.

“As digital asset payments and stablecoin adoption accelerate, our customers need compliance solutions that are robust and operationally seamless,” Fireblocks SVP of Corporate Development & Partnerships Adam Levine stated. “By integrating Sumsub’s Travel Rule solution directly into the Fireblocks platform, we’re giving institutions the flexibility to meet global regulatory requirements while maintaining efficient, streamlined transaction workflows.”

Per the partnership, Fireblocks will stay the hub for transaction processing. Sumsub will present safe, real-time Travel Rule knowledge trade to counterpoint the transaction workflow, facilitating entry to 1,800+ VASPs throughout prime protocols together with GTR, CODE, Sygna, the Sumsub protocol, and extra. The knowledge sharing between counterparties in digital asset transfers is absolutely embedded within the Fireblocks platform to make sure scalable, friction-free compliance.

New York-based Fireblocks is a digital asset infrastructure firm that helps organizations construct, handle, and scale their companies on the blockchain. The firm streamlines stablecoin funds, settlement, custody, tokenization, and buying and selling operations throughout a big ecosystem of banks, cost suppliers, stablecoin issuers, exchanges, and custodians. Fireblocks counts 2,200 organizations amongst its clients together with Finovate alums like Worldpay and Revolut. The firm secures greater than $10 trillion in digital asset transactions throughout 100 blockchains.

Founded in 2015 and headquartered in London, Sumsub (“Sum & Substance”) made its Finovate debut at FinovateEurope 2020 in Berlin, Germany. At the convention, the corporate demonstrated its all-in-one technical and authorized resolution to assist companies meet KYC/KYB/AML necessities. The firm’s expertise helps speed up verification, cut back prices, and detect fraud, and is utilized by greater than 4,000 corporations around the globe. Andrew Sever is corporate Co-Founder and CEO.

Photo by Pixabay

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