The Travel Rule Universal Solution Technology Explained: Your Guide to TRUST

Launched in February 2022, the Travel Rule Universal Solution Technology (TRUST) is a global Travel Rule compliance solution developed collaboratively by a coalition of VASPs dedicated to meeting regulatory requirements while protecting customer privacy and data security.

TRUST has emerged as a preferred solution for many VASPs because it transmits encrypted Travel Rule information directly between members without storing personal data centrally, significantly reducing the risk of breaches or misuse. It also verifies that the recipient VASP controls the destination address before any customer data is shared, ensuring information is sent securely to the correct party.

TRUST is a Travel Rule solution developed by the industry, for the industry. Unlike proprietary tools from private vendors, TRUST was built collaboratively by a global coalition of VASPs committed to meeting Travel Rule requirements without compromising customer privacy or data security.

While Coinbase plays a central role in operating the network, key decisions are reviewed and voted on by member VASPs, reinforcing TRUST’s decentralised, community-driven approach.

TRUST is designed to meet the core requirements of the FATF Travel Rule by enabling secure, timely, and accurate transmission of required originator and beneficiary information between VASPs.

It ensures data is shared only after verifying the receiving VASP’s control of the destination address, reducing the risk of misdelivery. Information is transmitted via encrypted, peer-to-peer channels without centralised storage, protecting customer privacy.

Additionally, all TRUST members must meet strict AML, security, and data protection standards, supporting a compliant and trustworthy ecosystem per FATF guidance. This is achieved through due diligence when onboarding a new member to the TRUST network.

TRUST is designed with privacy at its core: it never stores sensitive customer data, especially not in a centralised database. This approach significantly lowers the risk of unauthorised access or misuse. Instead, Travel Rule information is exchanged directly between VASPs via secure, end-to-end encrypted channels.

Developed by VASPs for VASPs, TRUST places the highest priority on safeguarding customer data. To ensure strong protection, TRUST implements a distinct and comprehensive set of security measures, including:

1. Exchanging Travel Rule information solely through encrypted, peer-to-peer channels;
2. Requiring all members to complete an independent assessment of their data privacy and security practices; and
3. Enabling VASPs to cryptographically verify ownership of deposit addresses, ensuring that sensitive information is sent to the correct counterparty.

According to Kaiko, 4 out of the top 5 crypto exchanges are part of the TRUST network. As of July 2025, the following VASPs are part of the TRUST Travel Rule network, with the list continuously growing.

• Amber
• Anchorage Digital
• Bake
• Balance
• BGE
• Binance.US
• bitFlyer
• Bitget
• BitGo
• BitMEX
• BITPoint
• Bitstamp
• BlocPal
• BNY Mellon
• Bullish
• Bybit
• CEX.IO
• Circle
• Cofinex
• Coinbase
• Coincheck
• Coinhako
• Coinpass
• CoinSmart
• Coinsquare
• Copper.co
• Crypto.com
• CURV
• Custodia Bank
• Digital Transaction
• Escrowfy
• EXMO
• Fidelity Digital Assets
• ForumPay
• Gemini
• Goobit
• Iconomi
• Kayko
• Kraken
• LiteBit
• LTP
• Luno
• Metallicus
• Netcoins
• Nexo
• Okcoin
• Paxos
• PayPal
• Paysafe
• Phemex
• Prometheum
• Qredo
• Revolut
• Ripio
• Robinhood
• Safello
• SBI VC Trade
• SFOX
• Shakepay
• Skrill
• Stablehouse
• Standard Custody & Trust
• SwissBorg
• Taurus
• TransFi
• Trijo
• Triple-A
• Virgo US Wealth
• VirgoCX
• VirgoCX Wealth
• Wealthsimple
• Zenus Bank
• Zero Hash
• Zodia

View the most recent member list.

No, not at all.
This belief sprouted due to TRUST’s initial launch in the US in 2022. Since then, it has grown and consists of an extensive network of VASPs, including many of the globe’s largest VASPs based in Singapore, Canada, the UK and the EU.

To join TRUST, a VASP must undergo a thorough onboarding process designed to ensure alignment with the network’s high security, privacy, and compliance standards.

This includes an independent review of the VASP’s data protection, AML, and cybersecurity practices. Once approved, the VASP integrates the TRUST framework into its payment infrastructure, enabling secure, encrypted peer-to-peer exchange of Travel Rule information with other members. Ongoing participation also requires adherence to TRUST’s governance and operational requirements to maintain the integrity of the network.

Yes, it can be.
TRUST has developed a platform, TRUSThub, to securely share Travel Rule information irrespective of a VASP’s TRUST membership status.

The platform is interoperable and user-friendly and scales to meet its users’ needs.

Moreover, there are no transaction limits, it protects customer data while meeting regulatory standards, and its open-network model supports easy expansion to new rules and jurisdictions.

TRUST can be implemented within 2 - 6 weeks, depending on their internal timeline and available engineering, compliance, and operational resources.

Moreover, TRUST seamlessly integrates into a VASP’s existing payment infrastructure, requiring no changes to the user experience. It enables the secure, peer-to-peer exchange of encrypted Travel Rule information directly between counterparties.

Yes.
TRUST and TRP can be used together without impacting the user experience, process, or security.

TRUST is a not-for-profit Travel Rule tool developed and maintained by a coalition of collaborative VASPs. Its operating costs are shared equally among members, and fees are expected to decrease as more VASPs join the network.

To ensure accessibility, TRUST offers a free membership option for smaller VASPs, and affiliates of any VASP that becomes a member can also join the network without incurring additional fees.

TRUST, whether used alone or in conjunction with the TRUSThub feature, is compatible with all blockchains, regardless of the digital assets users choose to send or receive.

TRUST supports all digital assets, regardless of the blockchain they are on.

TRUST employs a decentralised peer-to-peer (P2P) data-sharing system for Travel Rule data, integrated with a lookup mechanism to identify counterparty VASPs. This ensures that all personally identifiable information (PII) is encrypted and transmitted directly from the originator VASP to the beneficiary VASP.