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What is CryptoSwift?

Simplifying crypto compliance for developers

CryptoSwift offers a comprehensive compliance platform tailored to meet various crypto Travel Rule regulations. The CryptoSwift API is designed for quick and seamless integration, enabling developers to get started with minimal effort.

Client Dashboard

In addition to the API, CryptoSwift provides customers with a Client Dashboard. This dashboard offers an overview of incoming and outgoing Travel Rule transactions, along with tools for searching, sending transactions, and configuring organization settings (e.g., webhook endpoints). Every feature available on the Client Dashboard can also be accessed via the CryptoSwift API.

How CryptoSwift Works

At CryptoSwift, we believe that sending and receiving Travel Rule data should be straightforward. Compliance is a necessary task for VASPs, but it should not disrupt existing business processes.

Getting started with CryptoSwift

  1. Collect the necessary Travel Rule data, including originator and beneficiary information, as well as details of the beneficiary VASP.
  2. Execute payments as you normally would.
  3. Transmit the Travel Rule data through the CryptoSwift API, allowing us to handle the delivery of Travel Rule messages.

With the provided details—such as the beneficiary VASP name (if known), email address, and wallet address, along with the main originator and beneficiary data—CryptoSwift will ensure that the data reaches the beneficiary VASP. Importantly, the beneficiary VASP does not need to be part of the CryptoSwift network.

Our core philosophy is simple integration, a principle we've upheld from day one.

Messaging standard

Simplicity and ease of integration are key reasons why CryptoSwift developed its own open-source messaging standard, STRIP, for handling and delivering Travel Rule data. STRIP’s primary objective is to provide a simple, straightforward, JSON-based standard for transmitting Travel Rule information. It is fully compatible with major regulations, including FATF Recommendation #16 and the MiCA Transfer of Funds Regulation.

Many existing standards are either not fully compliant with the latest regulations or are overly complex, making integration a significant challenge for VASPs. STRIP addresses these issues by offering a streamlined solution.

For more details, see the Travel Rule data model section.

Next steps