Ospree caters to crypto asset service providers of all sizes and budgets. We offer tiered pricing, based on transaction volume, features, and support level. Schedule a conversation with us using the following email sales@ospree.io.

The Ospree platform currently supports more than 10,000 tokens and cryptocurrencies. Our team continuously monitors the industry, adding support for additional assets every quarter on average. We also respond to feature requests from existing clients.

Ospree integrates with multiple data providers for both blockchain analytics and Know-Your-Customer (KYC). We are committed to making high quality and well-rounded data directly accessible on our platform. This makes compliance both achievable and simple.

Risk scoring methodology is based on multiple heuristic and deterministic behavioral techniques and employs risk categories guided by industry standards. The methodology is purpose-built to support AML/CTF compliance decision-making processes involving cryptocurrencies and digital assets. For further details and documentation, please contact us at support@ospree.io.

The Travel Rule as applies to cryptocurrency and digital assets is the 2019 update to the Financial Action Task Force (FATF) Recommendation 16, which requires entities that conduct virtual asset transactions to obtain, hold, and transmit required originator and beneficiary information for transactions that exceed a certain threshold in order to satisfy compliance obligations. The Travel Rule for traditional finance existed before 2019, with regulations targeted at banks and financial institutions as part of global initiatives to mitigate money laundering. Our detailed write-up on the Travel Rule is available here [link].

The FATF currently comprises 37 member jurisdictions and 2 regional organizations, which represents most major financial centers. Implementation approaches are still being considered, so each jurisdiction with its own regional regulating body has and will set its own requirements on the reporting threshold and what data needs to accompany a transaction. In other words, specific requirements related to the Travel Rule vary between countries, and crypto asset service providers are incentivized to institute robust self-compliance systems that take into consideration the different requirements of each region.

To deal with the different Travel Rule requirements in various countries, crypto asset service providers have adopted messaging “protocols” designed to aid the transfer and collection of encrypted data, including OpenVASP, TRUST, Shyft, TRISA, Sygna Bridge, TransactID, VerifyVASP, and TRP. Regardless of the messaging protocol, the crypto industry has reached a consensus over a single data messaging format, the InterVASP Messaging Standards 101 (IVMS101), for all Travel Rule protocols, which Ospree supports.

Depending on their geographical location, your counterparty will likely have reporting requirements set by their regional regulating body, based on Travel Rule recommendations and local regulatory frameworks. Not having a Travel Rule solution risks being unable to execute transactions because of your compliance status, even if the country where you are located has not yet adopted the Travel Rule.

The “Sunrise Issue” refers to the non-uniform approach to the implementation of the Travel Rule in different regions, i.e., the specific requirements vary from country to country. Therefore, crypto asset service providers need to institute self-compliance solutions that take differing requirements of various countries into account.

Ospree allows you to connect ongoing Know-Your-Customer (KYC) processes to blockchain transaction activity. KYC is the anti-money laundering policy and procedure used to verify the identity of an individual or legal entity during the process of accepting a new customer and to verify their source of funds.

From the Ospree dashboard, you can connect with leading Know-Your-Customer (KYC) providers and save on engineering resources and costly, time-consuming compliance integrations. You can find more details by visiting the Integration section of this site.

All connections to the Ospree platform are protected with enterprise-grade TLS encryption and stored in secure data centers around the world. Ospree only uses the highest-rated data centers that meet or exceed the most stringent and broadly recognized security standards. All customer data on the Ospree platform is backed up and stored redundantly at multiple locations. Ospree also implements multi-factor authentication (MFA), session protection, full audit train, and identity protection options.

Ospree uses a modular, microservices architecture, creating a secure API that can keep data safe by restricting access to specifically authorized applications, users, and servers. This makes it easy to meet GDPR, and other data protection requirements.

Depending on the complexity of the integration, it takes between 1 – 5 days to complete an integration.

If you are a data provider interested in partnering with Ospree, we would love to have a conversation with you. Please reach out to us at support@ospree.io.

Instead of having three separate service providers, one for Know-Your-Customer (KYC), one for blockchain analytics, and one for Travel Rule management, you can sign a single contract with Ospree and get all three services on a single platform. This simplifies your compliance workflow, along with contracting, accounting, and technical support.

Virtual Asset Service Providers, this includes, but is not limited to, fiat-crypto exchanges, crypto exchanges, payment providers, token issuers, crypto ATMs, custodial wallets, and cryptocurrency funds. These are examples of crypto asset service providers that would benefit from Ospree’s compliance solution.

Depending on geographical location, either the crypto service provider itself and/or its counterparties (other businesses to and from which funds are being transmitted) will need to meet compliance requirements. Because these requirements are non-uniform across geographies, a compliance solution is essential to avoid violating local rules and attracting scrutiny from regulators.

The debate over how crypto should be regulated is ongoing, resulting in different guidelines and implementation levels across major geographies. However, as evidenced by the Travel Rule, the trend is for policymakers to subject crypto companies to at least some, if not all, of the anti-money laundering compliance requirements adhered to by traditional financial institutions.

Yes, Ospree offers a package specifically catered to start-ups. Our sales team will be happy to discuss your specific needs, and you can start a conversation with us here.

Ospree requires a minimum contract length of 12 months. After this period, you can cancel your service at any time, with a 10 business day notice period. 

We stand by our product here at Ospree and offer a money back guarantee as long as you cancel within the first 10 days. 

Due to the amount of effort  required to tailor our service to your specific needs, we are unable to offer a trial period. However, our sales team will give you a detailed demo of our product and address all your questions and concerns. We want you to be absolutely certain that Ospree is the right compliance solution for you prior to signing a contract.

Ospree operates using a Sofware-as-a-Service (SaaS) model. We can scale to fit whatever future size and transaction volume your company requires. 

Ospree encrypts data at rest and in transit as part of our foundational security controls. All connections to the platform are protected with enterprise-grade TLS encryption and stored in secure data centers around the world.

We prioritize supporting our clients and aim to address tickets as quickly as possible, which is why we have staff in multiple time zones. On average, support tickets are answered within one working day.

The sensitivity levels and parameters of anti-money laundering (AML) transaction monitoring and screening measures may make certain customer behaviors and data appear suspicious, generating a “false positive” AML alert. Ospree reduces false positives by allowing customers to customize alerts and detection scenarios  parameters.

Ospree is purpose-built for crypto assets, with the aim of making compliance simple. We offer the only compliance solution on the market that integrates Know-Your-Customer (KYC), blockchain analytics, and Travel Rule protocol management on a single dashboard.  

Ospree only uses the highest-rated data centers that meet or exceed some of the most stringent and most broadly recognized security standards, including but not limited to:

ISO 27001, ISO 27017, and ISO 27018. Ospree has data centers located in Singapore, the United States, Germany, and Australia.

Ospree uses a modular, microservices architecture, creating a secure API that can keep data safe by restricting access to specifically authorized applications, users, and servers. This makes it easy to meet GDPR, HIPAA, and other data protection requirements.

Any crypto business that processes transactions involving the transmission of funds above a certain threshold (FATF recommends 1000 Euro/USD) will need to comply with the Travel Rule. This includes, but is not limited to, fiat-crypto exchanges, crypto exchanges, payment providers, token issuers, crypto ATMs, custodial wallets, and cryptocurrency funds. Whether you are looking to comply with basic digital asset requirements of your country or go beyond basic compliance to future-proof your organization and provide customers with an elevated standard of service, you can make crypto compliance simple by using Ospree.