HashKey Global, a leading licensed exchange, has announced a strategic partnership with VerifyVASP, a global provider of Travel Rule compliance solutions. This collaboration aims to deploy comprehensive Travel Rule compliance across HashKey’s international network of licensed exchanges. The initiative is designed to meet the evolving anti-money laundering (AML) requirements for virtual asset transactions, as jurisdictions worldwide accelerate the enforcement of the Financial Action Task Force (FATF) Travel Rule regulations.
As the flagship licensed exchange under HashKey Group, HashKey Global is recognized for providing a secure, transparent, and reliable digital asset trading platform. The platform prioritizes user protection through robust asset segregation, stringent information security protocols, insurance coverage, independent audits, and secure payment settlement systems, ensuring the highest level of security for assets and data.
Since integrating with VerifyVASP’s network of Virtual Asset Service Providers (VASPs) last year, HashKey Global has successfully processed thousands of verifications, ensuring compliant and accurate transfers of assets between counterparties and beneficiaries.
Tim Xing, Board Director at HashKey Global, stated: “This partnership with VerifyVASP reinforces HashKey Global’s commitment to setting the industry standard for regulatory compliance and security. As global enforcement of the Travel Rule accelerates, we are proactively enhancing our infrastructure to ensure seamless and compliant virtual asset transactions. Expanding this integration across our licensed exchanges will help us build a trusted and transparent digital asset ecosystem for users worldwide.”
