VerifyVASP
VerifyVASP is a Singapore-based RegTech company providing decentralized, end-to-end encrypted Travel Rule compliance infrastructure (FATF Recommendation 16) to 150+ Virtual Asset Service Providers across 30+ jurisdictions, monetizing via hybrid subscription and API usage fees.
- Company typePrivate
- Founded2019
- HeadquartersSingapore, Singapore
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What VerifyVASP does
VerifyVASP Pte. Ltd. is a Singapore-headquartered regulatory technology company that provides Travel Rule compliance infrastructure to Virtual Asset Service Providers (VASPs) globally. Founded in 2019, the company operates a decentralized, peer-to-peer messaging protocol that enables secure exchange of originator and beneficiary information for virtual asset transfers in accordance with FATF Recommendation 16, using end-to-end encryption and enclave-based architecture with no centralized storage of personal data.
The platform consists of four integrated products built on the Verified Network: the TravelRule API for FATF-compliant originator/beneficiary data exchange between VASPs; the VerifyName API for enhanced due diligence against counterparties in non-Travel-Rule jurisdictions (91.7% verification success rate); VerifyWallet for self-hosted wallet ownership verification using cryptographic signature challenges and micro-transactions; and Law Enforcement Solutions (LES), an AI-driven tracing tool offered to public-sector agencies. The platform is SOC2 Type II, ISO 27001, and ISO 27701 certified, with GDPR and PDPA compliance.
VerifyVASP monetizes via a hybrid subscription-plus-usage model: a Base Subscription Fee (billed quarterly on multi-year License Agreements) plus API Usage Fees calculated by unique Verification IDs processed. Distribution is API-first, complemented by direct enterprise sales, public-private partnerships with regulators, and industry working group participation. As of 2026, the Verified Network includes 150+ member VASPs across 30+ jurisdictions, with $500B+ in cumulative verified transfers and $500M+ in daily transaction volume. The company maintains offices in Singapore (HQ), Tokyo, and Paris, and acquired Japan-based competitor Sygna in April 2026 to consolidate the fragmented Travel Rule market.
VerifyVASP firmographics
Firmographics- Name
- VerifyVASP
- Legal name
- VerifyVASP Pte. Ltd.
- Website
- https://verifyvasp.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- VerifyVASP is a Singapore-based RegTech company providing decentralized, end-to-end encrypted Travel Rule compliance infrastructure (FATF Recommendation 16) to 150+ Virtual Asset Service Providers across 30+ jurisdictions, monetizing via hybrid subscription and API usage fees.
- Ownership category
- akta.pro rank
VerifyVASP industry classification
Industry- Product category
- RegTech / Compliance Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Identity Verification & Digital ID (IDV, eIDAS, biometrics) (FSAGAFAA)
- akta.pro secondary industry
- Proof of Reserves, Attestations & On-Chain Audit/Assurance (FSADALAK)
Keywords
Where VerifyVASP is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices3 records
Markets served
VerifyVASP business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Base Subscription Fee: Monthly subscription fees payable by the Licensee and its Affiliates for the right, license and use of the Software and Service, including APIs and access to the VV Platform. Charged quarterly. The computation stated in the invoice is final and binding upon the Licensee.
- API Usage Fee: Aggregated fees incurred when API calls are made or received by the Licensee including its Affiliates, calculated based on the number of unique Verification IDs. Combined with Base Subscription Fee as total consideration.
- LES (Law Enforcement Solutions) Access Fee: VV may at any time decide to charge the User for access and use of the LES (Law Enforcement Solutions). Additional add-on services including due-diligence, technical integration, and other functionalities may be subject to additional fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Hybrid | Multi-year contract | Base Subscription + API Usage (customized tiers) |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
VerifyVASP product offering
Product offeringCore offering
VerifyVASP provides API-based RegTech software that enables Virtual Asset Service Providers (VASPs) to comply with the Travel Rule (FATF Recommendation 16) by exchanging originator and beneficiary information during virtual asset transfers. Its core products include the TravelRule API, VerifyName API for enhanced due diligence, VerifyWallet for self-hosted wallet ownership verification, and an AI-driven Law Enforcement Solutions (LES) tracing tool. The platform operates over a decentralized, end-to-end encrypted P2P messaging protocol connecting 150+ member VASPs across 30+ jurisdictions.
Product overview
VerifyVASP offers a modular platform of Travel Rule compliance solutions for Virtual Asset Service Providers (VASPs). The core offerings include TravelRule API for FATF-compliant originator/beneficiary data exchange, VerifyName API for enhanced due diligence with non-obliged jurisdictions, and VerifyWallet for self-hosted wallet verification. The Verified Network serves as the underlying platform connecting 150+ regulated VASPs globally. Additional capabilities include Law Enforcement Solutions (LES), an AI-driven tracing tool for public sector authorities. All products are built on a decentralized, end-to-end encrypted architecture that eliminates central data storage while enabling compliant digital asset transfers.
Differentiator
Problem solved
Functional benefit
Brands
- TravelRule API: API solution for Travel Rule-obliged VASPs to comply with FATF Recommendation 16
- VerifyName API
- VerifyWallet
- Law Enforcement Solutions (LES)
- Verified Network
Products and services
- TravelRule API A complete Travel Rule compliance API for Travel Rule-obliged VASPs that enables secure, real-time exchange of originator and beneficiary information during cross-border and domestic virtual asset transfers in compliance with FATF Recommendation 16. Uses end-to-end encryption and a decentralized peer-to-peer architecture, supporting both 1st-party and 3rd-party transactions and multiple blockchain address formats including Bitcoin, Ethereum, XRP, Stellar, and Tron.
- VerifyName API An enhanced due diligence API that verifies originator and beneficiary identities match, providing critical EDD for Travel Rule-obliged VASPs transacting with counterparts in jurisdictions where the Travel Rule is not yet enforced. Strictly allows only 1st-party transactions to prevent impersonation fraud, with a 91.7% successful verification rate and 0.168 second verification time.
- VerifyWallet A wallet ownership verification tool that confirms control of self-hosted (non-custodial) wallet addresses before assets are transferred. Helps VASPs comply with regulations on withdrawals to personal wallets using cryptographic digital signature challenges and micro-transactions for proof of ownership.
- Law Enforcement Solutions (LES) An AI-driven tracing tool offered to the public sector — Law Enforcement Agencies, Financial Intelligence Units, and Regulators — that combines blockchain data with verified transactional information accumulated through objective-based Travel Rule compliance. Enables effective and quick fund tracing, investigation, and asset recovery for virtual asset transactions.
- Verified Network A global compliance network connecting regulated VASPs, financial institutions, and unregulated entities that enables counterparty due diligence, secure messaging, and Travel Rule compliance. Includes 150+ member VASPs across 30+ jurisdictions with $500B+ in processed virtual asset transfers and $500M+ daily transaction volume. Members undergo FATF Recommendation 10 (CDD) onboarding and Wolfsberg-based due diligence questionnaires.
Quantifiable outcome
- $500B+ in verified, Travel Rule compliant virtual asset transfers processed
- +4 more outcomes
Companies that use VerifyVASP
Customer profileNamed customers14 records
Segments3 records
Ideal customer profiles3 records
VerifyVASP technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature5 records
VerifyVASP partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core, minor and moderate.
- SygnacoreVerifyVASP acquired Sygna, a Japan-based Travel Rule solutions provider, in April 2026. The acquisition integrates Sygna's VASP members into VerifyVASP's Verified Network, creating the largest interconnected compliance infrastructure for digital asset service providers. The deal unifies a fragmented market into an interoperable compliance network aligned with FATF standards and positions VerifyVASP as a dominant global standard-setter.
- TetherminorVerifyVASP co-hosted with Tether and Vietnam State Securities Commission (SSC) a one-day training program on end-to-end AML/CFT/CPF compliance architecture for crypto VASPs. Tether served as co-host alongside VerifyVASP in this public-private partnership initiative.
- Global Blockchain Business Council (GBBC)moderateVerifyVASP hosted the GBBC APAC Compliance & Capital Markets Risk Mitigation Roundtable at their offices, bringing together industry participants for discussions on compliance and risk mitigation in digital asset markets.
- RecoverisminorRecoveris participated as an industry partner in the Vietnam SSC training program co-hosted by VerifyVASP, focusing on AML/CFT/CPF compliance architecture for crypto VASPs.
- LSEG (London Stock Exchange Group)minorLSEG participated as an industry partner in the Vietnam SSC training program co-hosted by VerifyVASP, bringing expertise in capital markets compliance to the AML/CFT/CPF training for crypto VASPs.
- Solidus LabsminorSolidus Labs participated as an industry partner in the Vietnam SSC training program co-hosted by VerifyVASP, contributing AML/CFT compliance expertise for the crypto sector training.
- SumsubminorSumsub participated as an industry partner in the Vietnam SSC training program co-hosted by VerifyVASP, providing KYC/identity verification expertise for the full-stack compliance training program.
- State Securities Commission of Vietnam (SSC)coreVerifyVASP co-hosted with Vietnam SSC a one-day training program on end-to-end AML/CFT/CPF compliance architecture for crypto VASPs. The program brought together industry partners and deep-dived into key FATF requirements from upstream Travel Rule implementation to downstream asset recovery.
- ADI FoundationcoreADI Foundation, MENA's first institutional Layer 2 blockchain platform, appointed VerifyVASP as the official Travel Rule Solution for ADI Chain via a Memorandum of Understanding. The partnership brings best-in-class regulatory compliance and payment transparency to MENA's first institutional L2 for responsible blockchain industry growth. VerifyVASP will embed compliance and risk-management tools directly into ADI Chain's infrastructure.
Scale indicators8 records
Recent moves5 records
Expansion highlights7 records
VerifyVASP competitors and assessment
Company assessmentDirect peers
- Notabene: Notabene is a direct competitor offering a Travel Rule compliance solution for VASPs, including originator/beneficiary data exchange, counterparty due diligence, and VASP-to-VASP messaging — overlapping head-to-head with VerifyVASP's TravelRule API.
- Sygna: Sygna is a Singapore/Japan-based Travel Rule compliance provider that was a direct competitor to VerifyVASP before being acquired in April 2026; it serves as the closest comp for VASP messaging and Travel Rule compliance in APAC.
- 21 Analytics: 21 Analytics provides a Travel Rule compliance solution (21 Travel Rule) used by VASPs to exchange originator/beneficiary data — a direct functional peer focused on the same regulatory workflow as VerifyVASP.
Broad incumbents
- Codefi Compliance (Consensys): Consensys's Codefi Compliance offers a Travel Rule messaging solution as part of its broader enterprise blockchain suite, overlapping with VerifyVASP's core TravelRule API but operating inside a much larger blockchain software portfolio.
- Sumsub: Sumsub is a broad KYC/AML and identity verification platform that also offers Travel Rule and crypto compliance capabilities; it competes for VASP onboarding due diligence work and participated in VerifyVASP's Vietnam SSC training program.
- Chainalysis: Chainalysis is the dominant blockchain analytics and compliance platform used by regulators and VASPs for transaction monitoring, sanctions screening, and investigations — overlapping with VerifyVASP's Law Enforcement Solutions and compliance positioning.
- TRM Labs: TRM Labs provides blockchain intelligence, AML, and compliance tooling for crypto businesses and regulators, overlapping with VerifyVASP's law enforcement and compliance offerings across the broader crypto compliance stack.
- Elliptic: Elliptic offers blockchain analytics, AML compliance, and crypto transaction screening for VASPs and financial institutions, providing overlapping capabilities to VerifyVASP's LES product in the investigation and risk-scoring space.
Emerging players
- Solidus Labs: Solidus Labs provides crypto-native AML, transaction monitoring, and market surveillance tools; it participated as an industry partner in VerifyVASP's Vietnam SSC training program and is an adjacent competitor for VASP compliance tooling.
- Merkle Science: Merkle Science offers blockchain analytics and compliance tools targeting VASPs and regulators in APAC, with partial overlap to VerifyVASP's LES and transaction-monitoring capabilities for digital asset service providers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
VerifyVASP social profiles
Digital presenceVerifyVASP compliance and trust
Trust signalCompliance5 records
VerifyVASP financial estimates
Financial estimateRevenue estimate
Valuation estimate
VerifyVASP leadership team
Management profileNumber of profiles
Profiles6 records
VerifyVASP subsidiaries and ownership
Company hierarchySubsidiaries1 record
VerifyVASP funding detail
Funding detailFunding overview
Funding rounds1 record
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
VerifyVASP M&A and investment
M&A and investmentM&A1 record
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about VerifyVASP
What does VerifyVASP do?
VerifyVASP provides API-based RegTech software that enables Virtual Asset Service Providers (VASPs) to comply with the Travel Rule (FATF Recommendation 16) by exchanging originator and beneficiary information during virtual asset transfers. Its core products include the TravelRule API, VerifyName API for enhanced due diligence, VerifyWallet for self-hosted wallet ownership verification, and an AI-driven Law Enforcement Solutions (LES) tracing tool. The platform operates over a decentralized, end-to-end encrypted P2P messaging protocol connecting 150+ member VASPs across 30+ jurisdictions.
Is VerifyVASP a public or private company?
VerifyVASP is a private company. It is classified as venture growth investor backed and is currently operating.
When was VerifyVASP founded?
VerifyVASP was founded in 2019. It employs 11 to 50 people.
Where is VerifyVASP based?
VerifyVASP is headquartered in Singapore, Singapore, in the Asia region.
How does VerifyVASP make money?
Three revenue lines are on record. Base Subscription Fee is the primary driver. The others are API Usage Fee and LES (Law Enforcement Solutions) Access Fee.
Who are VerifyVASP's main competitors?
Direct peers on record are Notabene, Sygna and 21 Analytics. Broad incumbents are Codefi Compliance (Consensys), Sumsub, Chainalysis, TRM Labs and Elliptic. Emerging players are Solidus Labs and Merkle Science.
Does VerifyVASP have an API?
Yes. VerifyVASP provides TravelRule API for Travel Rule-obliged VASPs to comply with FATF's Recommendation 16, enabling secure exchange of originator and beneficiary information during cross-border and domestic virtual asset transfers. The API uses end-to-end encryption and supports various blockchain address formats including Bitcoin, Ethereum, XRP, Stellar, Tron, and others. The company also offers VerifyName API for enhanced due diligence with non-obliged counterparties and VerifyWallet for self-hosted wallet verification. Documentation available at docs.verifyvasp.com with API reference at docs.verifyvasp.com/reference. Developer documentation is at docs.verifyvasp.com.
What industry is VerifyVASP in?
VerifyVASP's product category is RegTech / Compliance Software. Its primary akta.pro industry code is FSAGAFAA, Identity Verification & Digital ID (IDV, eIDAS, biometrics), with a secondary code of FSADALAK, Proof of Reserves, Attestations & On-Chain Audit/Assurance. Its NAICS code is 522320 and its SIC code is 6199.