LTP is delighted to announce its partnership with the Travel Rule Universal Solution Technology (TRUST), a global solution that helps virtual asset service providers comply with the Travel Rule.
TRUST is focused on providing top-tier compliance services to virtual asset service providers and protecting the security and privacy of users.
By joining the TRUST coalition, LTP will be required to adhere to core anti-money laundering, KYC, security, and privacy standards as requirements for membership.
This added layer of protection will not only improve the security and safety of LTP’s investors, but it will also enable LTP to establish stronger trust within the industry. When facilitating the transfer of money or crypto-related assets between financial institutions, LTP will also be required to provide basic customer information.
“We wholeheartedly welcome this partnership. As a prime broker and provider of trading custodian services, it is an understatement to say how important it is for LTP to employ effective security and compliance mechanisms to ensure our customers meet all KYC and other regulatory requirements.” Said Jack Yang, Founder and CEO of LTP.
About TRUST
TRUST is a global, secure, and industry-driven solution designed to comply with a requirement known as the Travel Rule while protecting the security and privacy of our customers. TRUST was designed and built collaboratively by leading crypto exchanges to set the standard for Travel Rule compliance.
What is the Travel Rule?
The Travel Rule requires financial institutions to share certain basic information about their customers when sending funds over a certain amount to another financial institution. Custodial cryptocurrency exchanges (like other financial institutions) have to satisfy this rule, which was written before crypto even existed.
To learn more about the Travel Rule, see Travel Rule FinCEN Advisory.
About LTP
LTP (LiquidityTech Protocol) is the world’s premier prime broker for digital assets, bridging CEXes and DEXes. With over 160 institutional clients and more than $300 billion in annual trading volume, LTP provides the best professional trading services to its clients. With global access and top-tier security supported by cutting-edge technology, LTP offers a suite of safe, fast, affordable, and efficient trading services. trusted by exchanges, platforms, quant funds, hedge funds, family offices, and diverse professional traders. Through integration with leading exchanges and custodian partners, LTP is revolutionizing the digital asset industry with preeminent custody, clearing, and settlement solutions. These solutions are leading the way in creating a safer and more transparent multi-party supervision system for a better and more secure industry.
For more information or to trial LTP’s services, please visit www.liquiditytech.com or contact BD@liquiditytech.com
LinkedIn: LTP | LiquidityTech Protocol
Twitter: @LTP_primebroker
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