TRUST: A Closer Look at the Universal Travel Rule Network
The Travel Rule Universal Solution Technology (TRUST) has become the leading option for virtual asset service providers (VASPs) seeking to comply with the FATF Travel Rule while safeguarding customer privacy. Since its launch by Coinbase in February 2022, TRUST has become a popular industry-led Travel Rule network.
Find out what TRUST is, how it meets the FAFT’s Travel Rule requirements, along with a list of VASPs that are part of its network.
What Is TRUST?
TRUST is a collaborative Travel Rule compliance network created by a coalition of VASPs worldwide.
Its purpose is simple: help members meet global regulatory obligations without compromising privacy or security. This is achieved by supporting the secure, accurate, and timely exchange of required originator and beneficiary details between VASPs.
How Does TRUST Meet FATF Travel Rule Requirements?
TRUST operates on a decentralised, peer-to-peer data-sharing model, where all Travel Rule information is encrypted and transmitted directly between VASPs via secure channels, with no centralised data storage.
Acting solely as the messaging solution in the data transaction, TRUST uses a secure lookup mechanism to identify counterparties and ensures that no customer data is stored in a single location, significantly reducing the risk of unauthorised access or misuse.
Moreover, before any Travel Rule information is exchanged, TRUST verifies cryptographically that the recipient VASP controls the destination address, ensuring sensitive Travel Rule details are sent securely to the correct counterparty.
Additionally, TRUST’s strict onboarding standards require all members to undergo independent reviews of their privacy, security, and AML measures, ensuring they meet robust compliance requirements.
As TRUST is blockchain-agnostic, supporting all blockchains and digital assets regardless of the assets transferred, it can handle a VASP’s complete digital asset portfolio. This flexibility helps address varying Travel Rule thresholds across jurisdictions, including lower-value transfers. Its secure, scalable architecture allows member VASPs to exchange high volumes of transactions internationally with multiple counterparties.
Finally, with TRUST’s global reach, VASPs are assured that cross-border requirements are effectively met.
Which VASPs Are Members of the TRUST Network?
As of July 2025, TRUST’s membership includes a growing range of global VASPs, from major exchanges to custodians, wallet providers, and banks, with participants such as Coinbase, Kraken, Gemini, Binance.US, Crypto.com, PayPal, Revolut, Robinhood, and many others.
Impressively, many of these members are included in Kaiko’s Q2 2025 Exchange Ranking Report, with four of their top 5 exchanges listed as TRUST members.
View Kaiko’s full ranking here.
Final Thoughts
TRUST has positioned itself as a popular global Travel Rule messaging solution, balancing regulatory compliance and data privacy.
Its decentralised, encrypted communication model and strict onboarding standards make it a trusted choice for VASPs navigating the regulatory landscape.
Learn more about TRUST: Access 21 Analytics' Guide to TRUST
