21 Analytics: On-Premises Travel Rule Software for VASPs

As Travel Rule requirements spread across jurisdictions, crypto firms face a practical question: which tool connects them to counterparties without handing sensitive customer data to another vendor? 21 Analytics argues that its 21 Travel Rule software is the answer, pairing built-in network access, wallet verification technology and an on-premises architecture. According to the FATF, the rule requires virtual asset service providers (VASPs) to obtain, hold and securely transmit originator and beneficiary information on transfers, and it leaves the sector to build the technology to do so.

Connecting to Counterparties

21 Analytics describes a fragmented market in which different providers and networks make it difficult and expensive for VASPs to reach counterparties, particularly major global exchanges. The company says it addresses this through interoperability and that it is the only Travel Rule solution provider with built-in access to the TRUST network. According to the company, this lets customers connect with leading exchanges and other TRUST members without building their own integration.

The company says TRUST was founded by industry players including Coinbase, BitGo and Gemini and connects a growing network of vetted VASPs, with members such as Kraken, Fidelity, Crypto.com, PayPal and Revolut. It adds that counterparties on the network have already passed TRUST's due diligence process, and that eligible firms may get free TRUST access through the 21 Analytics partnership. The software also supports the Travel Rule Protocol (TRP), which it describes as open and decentralised.

Verifying Self-Hosted Wallets

When Switzerland introduced the Travel Rule in 2019, the company says, proving ownership of a self-hosted wallet quickly became a problem. Methods such as Satoshi Tests, manual signing and screenshots could be slow, costly, technically demanding or unreliable. 21 Analytics says it developed the AOPP protocol with BitBox to address this.

Under AOPP, a customer can prove wallet ownership in a few clicks, and cryptographic proof is submitted to the VASP automatically. The company says compliance teams no longer need manual reviews, which cuts processing time and workload. It reports support for more than 540 wallets and over 2,800 digital assets.

Keeping Data On-Premises

Unlike cloud-based tools, 21 Travel Rule runs entirely within the VASP's own infrastructure, according to the company. 21 Analytics says it never accesses or stores customer data, and that Travel Rule information passes directly between counterparties rather than through a central store. It says this supports data sovereignty and helps firms manage obligations under frameworks such as the GDPR, which it considers especially relevant for financial institutions working across strict data protection regimes.

The company's website also lists ISO 27001:2022 certification for its information security management system. As an on-premises product, it says, its security program focuses on delivering verifiable, resilient software to the customer's environment.

Features and Fit

Using the ISO 24165 Digital Token Identifier standard, the company says the platform supports more than 2,800 digital assets, integrates blockchain analytics providers and enables counterparty discovery. VASPs can automate workflows, manage transactions and keep track of their Travel Rule activity. The company says the architecture suits both smaller VASPs seeking straightforward compliance and larger institutions needing more automation.

These descriptions come from 21 Analytics itself, and "only" and "leading" are its own claims. Prospective buyers will want to compare network coverage, pricing and integration effort across providers. The company's core pitch is that a firm can reach major counterparties and automate wallet checks while keeping control of customer data.