Sumsub has entered a partnership with Fireblocks to offer built-in Travel Rule compliance for digital asset transactions.
Under the partnership, Sumsub’s Travel Rule solution is embedded directly into the Fireblocks platform.
This enables financial institutions and virtual asset service providers to manage regulatory requirements within existing workflows.
The integration supports real-time and encrypted data exchange between counterparties in virtual asset transfers.
It also enables automated and dynamic verification, while allowing users to tailor compliance workflows based on their risk profiles.
Through the integration, Fireblocks serves as the hub for transaction processing.
Sumsub provides secure Travel Rule data exchange across a network of more than 1,800 virtual asset service providers connected through protocols such as GTR, CODE, Sygna and its own protocol.
This enables counterparties in virtual asset and stablecoin transfers to exchange compliance data automatically within the same environment.
Adam Levine, SVP, Corporate Development & Partnerships at Fireblocks, said,
“As digital asset payments and stablecoin adoption accelerate, our customers need compliance solutions that are robust and operationally seamless.
By integrating Sumsub’s Travel Rule solution directly into the Fireblocks platform, we’re providing financial institutions and VASPs the required flexibility to meet global regulatory requirements while maintaining efficient, streamlined transaction workflows.”
Ilya Brovin, Chief Growth Officer at Sumsub said,
“This partnership demonstrates the capabilities of Sumsub’s Travel Rule solution—enabling not only seamless aggregation and orchestration of multiple Travel Protocols, but also providing the full-functionality SaaS platform for managing the entire scope of Travel Rule compliance requirements, so that VASPs don’t need to build it in-house .
With seamless, automated compliance now embedded in the Fireblocks platform, institutions benefit from real-time, frictionless workflows and expanded reach as they scale globally.”
Featured image: Edited by Fintech News Singapore, based on image by mrsiraphol via Freepik
