Notabene’s 2024 in Review: Scaling Trust, Compliance, and Innovation

As 2024 comes to a close, we reflect on a year where compliance, trust, and global connectivity reached new heights. From record-setting growth to major strides in regulatory clarity, Notabene helped pave the way for a more secure and compliant crypto ecosystem. While we celebrate this progress, we’re also looking ahead—toward a future where stablecoins and institutional adoption transform global payments.

2024 in Review

Record Platform Growth

Over Half a Trillion Dollars Processed
In 2024, Notabene eclipsed $500 billion in total transaction volume, representing a 10x growth from the previous year. This includes over 30 million secure and compliant transfers across 85+ jurisdictions and 1,000+ supported crypto assets, and over 190 customers across the globe. We’re proud of what these numbers mean for us as a business, but just as importantly, they underscore the rapid acceleration of Travel Rule across the globe.

Of course, growth is not a singular measure of success in our space. Delivering on our core promise of helping our customers transact safely, our platform has now proactively identified and prevented over $1 billion in high-risk transactions!

Leadership in Regulatory Engagement

2024 was a pivotal year for advancing regulatory compliance in the virtual assets industry. Notabene played a critical role in supporting stakeholders worldwide by:

• Guiding 60+ customers in achieving readiness for major Travel Rule deadlines, including the EU’s Transfer of Funds Regulation (TFR)
• Facilitating regulatory sandbox sessions with the European Banking Authority (EBA) to explore solutions for compliance hurdles
• Engaging with regulators across 42 meetings in 2024 to foster industry-friendly solutions
• Responding to 14 regulatory consultations, shaping critical frameworks that impact the virtual asset ecosystem
• Producing 16 webinars, 8 conferences, and welcoming 935 new learners into our Notabene Academy Certification programs, bringing together industry leaders to discuss and provide actionable insights on Travel Rule compliance and FATF guidance
• Supporting customers in making sense of new Travel Rule implementation plans across the globe including Australia, Isle of Man, Kazakhstan, New Zealand, Qatar, Seychelles, South Africa, Turkey, and beyond

Notabene continues to serve as a trusted partner, helping clients and regulators navigate the evolving landscape of compliance with innovative tools and deep expertise.

Inaugural Notabene Summit

This year, we hosted the Notabene Summit in Barcelona, a landmark event that brought together leaders in crypto, traditional finance, and regulation to collaborate on the future of compliant digital payments. The Summit featured in-depth discussions on regulatory frameworks, interoperability, and institutional trust, with insights from partners including Coinbase, Fireblocks, and Circle.

The event underscored the industry’s collective momentum in scaling global compliance solutions and driving adoption of secure, interoperable systems.

We can’t wait to share the details on our 2025 Summit—more information will be announced soon!

Product Innovation in Travel Rule Compliance

At Notabene, we’re continually raising the bar for what’s possible in compliance technology. This year, we:

Next-Generation Self-Hosted Wallet Solutions
Our enhanced self-hosted wallet verification solutions deliver an unmatched user experience by providing four robust proof methods of verification for infinite self-hosted wallets, to seamlessly manage counterparty risk while providing a smooth user experience for our customer’s users

Introduced SafeTransact for Networks
We announced SafeTransact for Networks to improve network reachability and accelerate Travel Rule adoption by enabling a seamless VASP-to-VASP compliance layer directly on top of existing networks where trusted transactions are already occurring.

Expanded Open Protocols
We built the open-source Transaction Authorization Protocol (TAP) to further accelerate the industry’s movement towards open protocols and, along with the interoperability of our SafeGateway solution, enable more VASPs to easily connect across various protocols and networks.

Strengthened Network Security
We prioritized robust security measures to safeguard data and ensure trust across our platform. Notabene is SOC 2 compliant and ISO27001 certified, adhering to globally recognized standards for information security. Our platform incorporates advanced safeguards, including encryption, firewalls, and multi-factor authentication (MFA), ensuring the highest levels of data protection for our customers and their users.

Looking Ahead: 2025 and Beyond

With our recent $14.5 million Series B funding, led by DRW VC and supported by funds managed by Apollo, Nextblock, Wintermute, Jump Capital, Illuminate Financial, as well as participants from previous rounds, Notabene is poised to accelerate growth and innovation in 2025 and beyond. With this investment, we aim to accelerate our growth while focusing on what we believe will be a few prevailing industry trends in 2025.

Stablecoins have evolved from a niche use case to a critical component of the global payments ecosystem. Institutions and regulators are taking note, with major players entering the space and governments racing to establish clear guidelines.

For institutions, stablecoins offer a unique opportunity: fast, transparent, and cost-efficient cross-border transactions that integrate seamlessly into existing financial systems. However, they also bring new regulatory requirements that businesses must meet to operate confidently in this growing market.

Notabene is leading the way by providing tools that enable institutions to adopt stablecoins with compliance and trust at the core. With features like enhanced transaction monitoring, counterparty validation, and scalable compliance solutions, we’re helping businesses unlock the true potential of stablecoins in global payments.

With the EU’s Transfer of Funds Regulation (TFR) and MiCA taking center stage, 2024 marked a tipping point for regulatory clarity in the crypto space. As these frameworks set the tone for global compliance, momentum is building for 2025 to be a year of rapid progress.

In Europe, the December 30, 2024 enforcement of the TFR will bring uniformity to crypto asset transfers across the EU’s 27 member states (and 3 EEA members), forcing businesses inside and outside of the EU to adapt to stricter compliance requirements. Meanwhile, the U.S. is preparing to expand the Travel Rule to Registered Investment Advisers (RIAs) on January 1, 2026, signaling growing regulatory focus across major jurisdictions.

Beyond the EU and U.S., we anticipate further progress globally as more countries align their frameworks with FATF standards. The industry is entering what we call the “Dawn of the Travel Rule,” where trust and compliance will drive broader adoption of crypto assets on a global scale.

This trend isn’t just about meeting compliance mandates—it’s about unlocking opportunities for businesses operating in regulated environments. By leveraging Notabene’s solutions, companies can stay ahead of these changes, ensuring both compliance and competitive advantage.

We hear from customers all the time about the frustrating and avoidable challenges that result from closed Travel Rule protocols walled off by gatekeepers in the industry. This is why we have invested in developing decentralized protocols like TAP and solutions like SafeTransact for Networks.

Open protocols will increase the one metric that matters most to crypto businesses: reachability—the ability for VASPs and institutions to not only connect, but actually facilitate the exchange of information across different systems and networks. By removing technical and regulatory barriers, open protocols make it easier to transact securely and at scale.

We believe strongly that only open protocols can eliminate these barriers and enable institutions to transact securely and at scale—helping to realize our shared vision of a future where crypto is a part of the everyday economy. We’re beginning to see others follow our lead here towards a truly open future.

Join Us in Shaping the Future

To our customers, partners, and team: thank you for your trust and collaboration. Together, we are paving the way for a world where secure, seamless, and compliant crypto payments unlock new opportunities across borders and industries.

Ready to shape this future together? 

Book a call to learn more about our industry-leading Travel Rule solution

Contact us to learn more about partnership opportunities

Join our team as we hire across multiple departments in 2025