Sygna is a leading regulatory technology (RegTech) solution tailored specifically for Virtual Asset Service Providers (VASPs) worldwide. Launched in 2018, Sygna helps VASPs comply with the Financial Action Task Force (FATF) Travel Rule, a global regulation requiring financial institutions to securely share customer information for transactions above a certain threshold.
Sygna is trusted by over 60 VASPs and holds an 80% market share in Japan, making it a dominant player in the APAC region. The platform seamlessly enables the secure transfer of required data between VASPs, ensuring transparency, compliance, and data security without compromising the privacy or integrity of user assets.
With an expanding global network, Sygna supports interoperability between different jurisdictions and blockchain networks, ensuring VASPs meet both local and international regulatory standards. Sygna’s secure and user-friendly infrastructure ensures that VASPs can easily integrate with the platform and scale their operations while staying compliant with evolving regulations.
As the cryptocurrency industry faces increasing scrutiny, Sygna provides a robust and efficient compliance framework, allowing VASPs to focus on their core operations with peace of mind. By enhancing trust and security within the ecosystem, Sygna plays a critical role in advancing the growth and legitimacy of the global digital asset industry.
Sygna’s primary use case is enabling Virtual Asset Service Providers (VASPs) to comply with the FATF's Travel Rule. By automating the secure sharing of required sender and receiver information for crypto transactions exceeding the threshold, Sygna helps VASPs meet regulatory obligations without interrupting the transaction flow. This enhances trust with regulators and ensures smooth cross-border transactions in an increasingly regulated market.
With support for multiple international jurisdictions, Sygna facilitates seamless data sharing between VASPs operating in different regulatory environments. Whether your business is in Japan, Europe, or beyond, Sygna’s compliance network provides a secure and standardized way to exchange data, ensuring VASPs meet the varying regulatory demands across countries.
Sygna ensures all data shared between VASPs is encrypted and protected against unauthorized access. The platform uses advanced encryption technologies, such as decentralized key management and SHA-256 hashing, to guarantee that Personal Identifiable Information (PII) is never exposed in plain text, protecting both user privacy and transaction integrity.
Sygna’s API-driven architecture enables easy integration into existing VASP systems, allowing companies to implement the solution without overhauling their entire infrastructure. This seamless integration ensures that VASPs can quickly adopt the solution and stay compliant while maintaining focus on their core business operations.
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