Intermediary VASP

An intermediary VASP refers to a VASP that acts as a middleman in transactions involving digital assets, between two other VASPs. These intermediaries facilitate compliance, communication, or settlement in such transactions, often in the context of meeting regulatory requirements like the Travel Rule.

What Are the Key Roles of an Intermediary VASP?

• Facilitating compliance

• Routing and messaging

• Addressing interoperability

• Risk mitigation

Examples of Intermediary VASPS

An intermediary VASP can be a compliance platform that verifies wallet addresses, a settlement network that processes cross-border payments or a service provider that specialises in data validation.