Travel Rule Universal Solution Technology (TRUST)
TRUST, formerly known as the US Travel Rule Working Group (USTRWG), was founded by a group of US-based VASPs to implement and comply with the Travel Rule. It has recently been expanded to include non-US VASPs to solve the broader FATF Travel Rule. TRUST is a solution used to identify transaction counterparties and securely transmit information between members.
Refer to the Governance section here: USTRWG Travel Rule Solution White Paper Version 1.0
Sequence diagram text file
To generate or update the diagram above, paste the following into https://sequencediagram.org/
title TRUST workflow oVASP->bulletinBoard:Broadcast eligible transaction bVASP->bulletinBoard:Query eligible transactions bVASP->bulletinBoard:Query oVASP ID bVASP->oVASP:Claim address / transaction oVASP->bulletinBoard:Query bVASP ID oVASP->bVASP:Post encrypted PII bVASP->bVASP:Decrypt PII and risk checks
For more information, refer to the Travel Rule Technical Solution documented here: USTRWG Travel Rule Solution White Paper Version 1.0