[TEMP] Open protocol to implement FATF’s travel rule for virtual assets.

The protocol facilitates robust compliance for VASPs, solely based on a set of principles, regardless of jurisdiction or virtual asset and without membership or registration with a centralized third-party.

Participate

If you’re looking to participate in standard development or implementations, join our community site and check out the Github repository.


Design Principles

In designing the OpenVASP protocol, we are guided by the following seven principles.

expand_more 1. Travel Rule Compliance

expand_more 2. Decentralized Approach

expand_more 3. Technology Agnostic

expand_more 4. Privacy by Design

expand_more 5. Broad Applicability

expand_more 6. Extensibility

expand_more 7. Efficient to Use


Whitepaper

Read the OpenVASP white paper, which serves as a starting point for our work.

Published November, 2019 – 700kb


Association

The OpenVASP Association has the objective to establish and maintain an open protocol for the transmission of transaction information between Virtual Asset Service Providers (VASPs) and other parties. Its particular goal is to facilitate robust compliance with Recommendation 16 of the Financial Action Task Force (FATF), commonly referred to as the “Travel Rule”.

Being a non-profit organization, the Association continues to welcome additional members globally. To join as a VASP Member, a company must be registered and/or licensed according the requirements of its jurisdiction. Non-VASP entities and individuals can become members as well.

The supreme organ of the Association is the General Assembly of its members, which is held at least annually. All governance rules are set forth in the Articles of Association.

expand_more Contact Information


Association Members


Board

Anson Zeal

Anson is the Chairman of ACCESS, Singapore’s Cryptocurrency and Blockchain Industry Association (access-sg.org), one of Asia’s most influential blockchain associations in the world. He is the executive director of IDAXA (idaxa.org), the global voice for the world’s virtual asset associations and service providers, formed during the 2019 G20 Summit. Under IDAXA, Anson launched the openvasp.org initiative and the Joint Working Group to form the InterVASP Messaging Standard to comply with FATF’s travel rule. In 2020, Anson was appointed to the OECD’s Blockchain Expert Policy Advisory Board (BEPAB). He is also an entrepreneur in the blockchain space, including Zeall and Company (zeallnco.com), Merkle Trees. Anson is an alumnus of the Quantic School of Business and Technology, University of New South Wales and Columbia Business School.


Biba Homsy

Biba Homsy is an attorney at law in Luxembourg and Geneva. She holds two Masters of Laws from French & Swiss Universities with a specialization on European Institutions, and a certification from Harvard Law School. She is a former regulator at the Swiss Financial Markets Supervisory Authority FINMA and former Chief Compliance Officer for Credit Suisse Luxembourg (European Hub for Luxembourg, France, Portugal, Ireland, Austria, Netherland).


Chris Gschwend

Chris Gschwend advises corporate clients in the areas of anti-money laundering, trade controls, sanctions and financial investigations for Zürich-based law firm MME. She specializes in the implementation of FinTech and traditional compliance programs and has over 10 years of experience in managing global compliance teams and trade policy.  


David Riegelnig

David Riegelnig is Head Risk Management and a member of the Executive Management at Bitcoin Suisse. During his 20-year career, David held several senior management positions at Credit Suisse and was Managing Partner of an algorithmic trading company before joining Bitcoin Suisse. He earned a Master’s degree in Business Administration from the University of St.Gallen. David is the author of the OpenVASP White Paper.


Delphine Forma

Delphine is an experienced Compliance officer who worked across different countries and industries including large Banks in the UK. She holds two Master Degrees specialized in European Criminal Business Law and Frauds and Money Laundering Prevention. After heading the Global Compliance division of Lykke crypto exchange, she is now  responsible for compliance advisory and partnerships at Lykke business. Delphine is also a CVA Board member. Delphine sees Compliance as a way to help the business achieve its objectives in a compliant environment. Flexibility and creativity are keys.


Lukas Hug

Lukas Hug, VP Product Management and Digital Assets AML SME at Sygnum Bank AG has built and manages RegTech products, focused on KYC and AML in the digital asset space. Lukas worked in banking and fintech for various companies and is specialized on platform businesses and digital transformation. Lukas studied business and economics in Basel and has a Master’s degree in International Affairs from the University of St. Gallen.


Philippe Meyer

Philippe Meyer has been working in the Capital Markets industry for more than 25 years bridging IT and business and focusing on innovation. He has been managing awarded projects like Onemarket certificate platform for Unicredit, high frequency trading and electronic brokerage platforms for Credit Agricole. He has a strong technical background used in particular in systems integration. Since a few years he has been closely looking at the Fintech boom analyzing the impacts and the possible responses from the banking industry. Meanwhile he has been fascinated by the blockchain technology and has been helping companies to define their Blockchain strategy. He has moved to Avaloq to continue working on Blockchain technologies within a Fintech platform provider. At first, he has been managing the Avaloq’s Edinburgh development center and he has moved to Zurich concentrating on Avaloq’s blockchain strategy. From his IT background, he still enjoys programming and discovering new languages and frameworks. When not glued to his screen, he loves skiing with his family and now that he has moved from Edinburgh to Zurich, also enjoys discovering the Swiss landscapes. 

Implementation Partners

Supporting Organizations


FAQ

Below are answers to regularly asked questions. If you still can’t find an answer to your question, either join the telegram channel or engage with the community on GitHub.

Q. Do you provide a software?

OpenVASP is first of all a common protocol, open for different implementations. Both open-source initiatives as well as commercial software providers are welcome to provide their solutions.

Q. Is the white paper the final standard?

No. The white paper serves as a starting point, hopefully helping the VASP community to speed things up.