Sparrow is happy to announce its collaboration with VerifyVASP being a part of the AML Initiative; VerifyVASP is a travel rule Solution Provider based in Singapore, which was introduced by FATF in the previous year.
Collaborating with Lambda256, VerifyVASP offers a Travel Rule solution, a decentralized protocol that enables secure and instant data sharing within the alliance members. Talking about the partnership, the CEO of Sparrow, Kenneth Yeo quoted,
On behalf of Lambda256, their spokesperson said that the team believes that the company is extremely excited about this partnership. It is a strong alliance that offers an efficient and feasible Travel Rule Solution. Making collaboration on a global level, VerifyVASP is looking forward to a global partnership to expand the coalition.
The alliance partners of VerifyVASP comprise a broad range of blockchain and virtual asset service providers along with exchange and fintech platforms. VerifyVASP is associated with firms like Bitkan, Indodax, Legatus Global, Merkle Science, Pintu, PundiX, Skybit, and Indonesian Blockchain Association.
VerifyVasp is a “Travel Rule” solution provider that focuses on the decentralized protocol for the virtual asset service provider, instantly securing their data. VerifyVASP is also a member of the Blockchain Association Singapore and Fintech Association Singapore.
Lambda256 was founded in 2018 to solve problems related to the blockchain platforms and focus on R&D of BaaS, whose primary aim is to provide one solution to commercial blockchain-related issues.
