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SafeGateway: Your Path to Travel Rule Reachability & Interoperability
Your essential protocol gateway in a fragmented ecosystem.
Powering compliant transactions for
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Why Notabene
Streamline Counterparty Verification with Notabene: The Bank-Grade Solution for Financial Institutions and VASPs.
10,000+
Assets
supported
1,200+
VASPs in our Open Network
300+
Wallets
supported
120+
SafeTransact customers
20+
Jurisdictions supported
Facing interoperability challenges?
Introducing SafeGateway: Facilitating VASP-to-VASP interaction across protocols
How SafeGateway Works for VASPs
SafeGateway streamlines interactions across networks for Notabene in-network VASPs.
Here's a quick overview:
- Access Request: VASPs apply for access credentials for desired protocols.
- Protocol Integration: Approved VASPs add the protocol access code to their gateway.
- Initiating Transfers: For Travel Rule data transfers to other network VASPs, SafeGateway auto-selects the correct protocol.
- Data Routing: SafeGateway directs the transfer data via a protocol client to the target network.
- Transaction Processing: Completed transactions are returned to the originating VASP through SafeGateway.
- Transfer Management: VASPs oversee and manage transfers on SafeTransactâs Travel Rule compliance dashboard.
Why SafeGateway?
Notabeneâs SafeTransact provides a holistic view of all of your crypto transactions. Our fully integrated suite of tools helps you perform real-time decision-making by automating:
- Travel Rule compliance in line with your local regulation
- Counterparty sanctions screening
- Self-hosted wallet identification
Transact with more counterparties
Streamlined compliance
Enhanced resource efficiency
Increased discoverability and connectivity
Understanding Travel Rule Messaging Protocols
Open Networks vs. Closed Networks in Travel Rule Compliance
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The Role of Open Networks
Open networks are pivotal for the industry. Open networks provide unprecedented reachability and interoperability, allowing transactions with a broad range of VASPs while maintaining consistent compliance measures.
âThe Limitations of Closed Networksâ
Closed networks limit VASP interactions due to their lengthy vetting processes and often have compliance setups that may not align with FATF standards, like the recommendation for VASPs to independently conduct counterparty due diligence. Such restrictions to transact only within the network can result in delays and complicate compliance efforts.
SafeGateway for VASPs and Protocols
Explore the benefits for VASPs and protocols
- Travel Rule compliance in line with your local regulation
- Counterparty sanctions screening
- Self-hosted wallet identification
VASPs:
- Access to a broader network without the complexity of individual protocol integrations
- Enhanced transaction analysis for better risk management
Protocols
- Standardization of compliance processes
- Shared technical collaboration leading to innovation
Choose SafeGateway
SafeGateway represents a significant leap towards solving the interoperability challenge in the crypto compliance landscape. With our multi-protocol support and streamlined compliance management, we ensure that your focus remains on growing your business securely and efficiently.
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Pre-transaction decision-making in real-time at scale.
A connected ecosystem with best-in-class partners
TECHNOLOGY
SCREENING
"As the world embraces the rapid advancement of Web3 and digital assets, we need to ensure our solutions strike a balance between regulatory compliance and the inherent agility of this fast-paced technology sector. By partnering with industry-leading digital asset compliance solutions like Notabene, we are empowering our customers to navigate complex compliance requirements across multiple jurisdictions with ease."
Jason P. Allegrante
Chief Legal & Compliance Officer, Fireblocks.
Ensuring Your Privacy and Security:
Our Commitment at Notabene
Bank-grade security at every layer
- Cloud and Infrastructure best security practices
- Realtime Security Vulnerability Checks before code release
- All sensitive data is encrypted, at rest and in transport, using battle-tested encryption schemas
- Multiple regions for data storage are available. Full physical data segregation is available for Enterprise customers
Industryâs strongest protection for your customer data
- SafePII. The industryâs only escrowed exchange of encrypted PII
- Compliant with EU GDPR, Singapore PDPA
- Plug-and-play Travel Rule end-user data consent component
Enterprise Ready
- 24/7 uptime
- Configurable enterprise SLA
- SOC2 Type II compliant
- Enterprise-ready authentication mechanisms available
Join the
Notabene Network
Connect to our global VASP ecosystem. Perform trusted transactions with over 1000+ crypto companies and financial institutions.
Become a trusted partner to VASPs globally.
Build a rich VASP profile and enhance your reputation as a compliant VASP. Set up your multi-entity structure to adopt a globally-compliant approach.
Gain real-time insights into your top counterparties.
Access over 1,000 VASPsâ incorporation, regulatory and Travel Rule information. Automate due diligence and establish trusted relationships with top counterparties.
Overcome the Travel Ruleâs âsunrise challenge*
Send and receive data transfers from/to any of your counterparties, even if they donât have a Travel Rule solution in place yet.
Two solutions tailored to your risk-based approach.
FAQs
SafeGateway
What is SafeGateway, and how does it simplify Travel Rule compliance?
SafeGateway is a solution that facilitates VASP-to-VASP interaction across protocols. By integrating SafeGateway, VASPs can efficiently connect with VASPs on other protocols and manage transactions and compliance requirements in one unified platform. By using SafeGateway, VASPs gain increased access to a wider range of counterparties and can manage their transactions and compliance requirements through a single, unified platform. This increased counterparty access and enhanced capability for compliant transactions significantly simplify the process of adhering to Travel Rule compliance, making it more straightforward for VASPs to meet regulatory requirements in the evolving landscape of digital asset transactions.
Can SafeGateway support open and closed networks?
Yes, SafeGateway can connect to both open and closed networks. Moreover, we ensure that only protocols adhering to Travel Rule requirements can connect to SafeGateway.
Why is Interoperability Important for Crypto Travel Rule Compliance?
Interoperability is crucial in Travel Rule compliance due to the diverse range of protocols and standards across different jurisdictions. Without interoperable solutions like SafeGateway, VASPs face challenges in managing multiple protocols, which can lead to increased complexity and resource allocation. SafeGatewayâs interoperable platform allows VASPs to transact across different protocols, ensuring global compliance and operational efficiency.
What makes SafeGateway the preferred choice for VASPs and protocol integrations?
SafeGateway stands out as a preferred choice for VASPs and protocol integrations because it simplifies complex compliance processes and offers seamless connections across multiple protocols, providing enhanced resource efficiency. Its support for open and closed networks, coupled with a protocol-agnostic approach, ensures that VASPs can access a broader network without needing individual protocol integrations, thereby facilitating better risk management and transaction analysis.
Does SafeGateway facilitate the connection of different protocols?
No, SafeGateway is not designed to connect different protocols directly. Instead, it offers clients the ability to connect to various existing protocols on the market. Its primary function is to link Virtual Asset Service Providers (VASPs) with other VASPs across different networks, enabling smooth inter-network communication. However, it does not establish direct connections between the protocols themselves.
What types of gateways are available in Notabene's infrastructure, and how do they impact operational control and security for VASPs?
Notabene offers three gateway configurations to suit the different needs of VASPs:
- Notabene-Built and Operated: This gateway is fully developed and managed by Notabene, providing a hassle-free solution for VASPs that prefer not to engage in technical management. It ensures robust security and maintenance handled by Notabene.
- Notabene-Built, Customer-Operated: Notabene handles the gateway's development, but the VASP manages its operation. This setup offers a balance between professional development and customized operational control, allowing VASPs to tailor certain security aspects.
- Customer-Built and Operated: This option gives VASPs the highest degree of control. They develop and manage the gateway within their own infrastructure. It's tailored for VASPs with specific operational and security needs, offering the potential for highly customized security solutions.
Hosting these gateways within the VASP's own infrastructure, such as a data center or cloud account, is advised for optimal security. This approach, particularly when using an enclave server, allows for enhanced security measures, aligning with the principle that control over the hosting environment can significantly bolster security.