Request a VASP
Last updated
Last updated
Ospree’s VASP-to-VASP Flow solves the by standardizing the onboarding and activation process, enabling compliant information exchange globally, regardless of jurisdiction. This flow streamlines counterparty activation and ensures full Travel Rule compliance.
Easily invite a counterparty VASP to join Ospree:
In the Accounts Directory module, click on VASPs tab.
Then, click Request VASP button on the right to initiate the activation process.
Enter the counterparty’s VASP email.
Ospree automatically handles the invitation, reducing manual onboarding tasks and ensuring compliance from the start.
Once the invitation is sent, Ospree manages the entire onboarding process:
The counterparty VASP receives an automated email invitation with a link to sign up and register on Ospree.
They are guided through a step-by-step registration process that collects the necessary compliance information for the due diligence process.
Ospree conducts a thorough review of the counterparty’s registration details to support compliance. Once the review is complete and the VASP is approved, it becomes available for companies to conduct their own due diligence process:
Approval: Ospree grants the counterparty access to the Travel Rule module.
Rejection: The application is flagged for further review or rejected. This step ensures that only verified and compliant VASPs are onboarded.
Once the counterparty is approved and onboarded:
You receive a Real-Time Notification confirming that your counterparty is now active and ready to securely exchange Travel Rule data.
Ospree automatically updates the VASP Directory, listing the counterparty as an approved participant.
You can now initiate secure information exchanges with the newly activated counterparty, ensuring full compliance with Travel Rule requirements.
