Sumsub, a global full-cycle compliance and fraud prevention platform, today announced its partnership with Fireblocks, an enterprise platform providing digital asset infrastructure solutions to businesses building on blockchain, to deliver seamless and secure Travel Rule compliance. Through this partnership, Sumsub’s Travel Rule solution will be natively integrated on the Fireblocks platform, empowering financial institutions and virtual asset service providers (VASPs) with real-time, automated, and dynamic verification for virtual asset transactions. This gives Fireblocks users complete control to tailor compliance workflows to their unique risk profiles, while ensuring automated and encrypted Travel Rule data exchange between VASPs, making stablecoin payments faster and safer.
With the rapid rise of stablecoins — with stablecoin volumes at close to $1 trillion per month last year, double the levels from 2024 — VASPs face increasing complexity across fragmented settlement rails and compliance workflows. Industry and regulators are rapidly aligning technology, infrastructure, and compliance frameworks to support this growth in a trusted and transparent way. Global regulators continue to raise the bar bringing clarity for VASPs, with MiCA in the EU, FinCEN in the US, and notably, the recent updates by the Financial Action Task Force (FATF) and delivering a clear verdict: it urges stronger global action to address illicit finance risks in virtual assets and calls for VASPs to not only implement but also operationalize the Travel Rule.
To meet rising compliance demands, Fireblocks is collaborating with leading compliance providers such as Sumsub to embed Travel Rule compliance directly into their operational workflows.
Through this partnership, Fireblocks remains the hub for transaction processing while Sumsub enriches the transaction workflow with secure, real-time Travel Rule information exchange — providing access to over 1,800 VASPs across top protocols like GTR, CODE, Sygna, the Sumsub protocol, and more joining. With Sumsub’s Travel Rule solution, seamless and automated data sharing between counterparties in virtual asset transfers are fully embedded in the Fireblocks platform, delivering frictionless compliance at scale and empowering VASPs to navigate an evolving regulatory landscape.
Adam Levine, SVP, Corporate Development & Partnerships at Fireblocks, said, “As digital asset payments and stablecoin adoption accelerate, our customers need compliance solutions that are robust and operationally seamless. By integrating Sumsub’s Travel Rule solution directly into the Fireblocks platform, we’re providing financial institutions and VASPs the required flexibility to meet global regulatory requirements while maintaining efficient, streamlined transaction workflows.”
“As Fireblocks’ trusted technology partner, we are proud to set a new bar for compliance in digital asset payments,” said Ilya Brovin, Chief Growth Officer at Sumsub. “This partnership demonstrates the capabilities of Sumsub’s Travel Rule solution — enabling not only seamless aggregation and orchestration of multiple Travel Protocols, but also providing the full-functionality SaaS platform for managing the entire scope of Travel Rule compliance requirements, so that VASPs don’t need to build it in-house. . With seamless, automated compliance now embedded in the Fireblocks platform, institutions benefit from real-time, frictionless workflows and expanded reach as they scale globally. At Sumsub, we are committed to making compliance scalable and accessible for every business, while contributing to the future of onchain finance.”
Sumsub’s Travel Rule solution enriches Fireblocks’ compliance offering, ensuring alignment with global crypto standards and safeguarding both the platform and its users through robust regulatory practices.
