8 out of 10 Top-Ranked VASPs Connected via the TRUST Network

Due to the Travel Rule, VASPs needed a trusted and reliable way to exchange delicate customer data. As a solution, a group of leading global VASPs came together to create the TRUST network. 

Since its inception, TRUST’s member list has continued to grow. As more top VASPs join, the network’s value and reach increase, attracting even more participants.  

What stands out to many VASPs is the network’s strict due diligence standards, which offer significant benefits to VASPs that meet them. 

Learn why leading VASPs have joined TRUST and how the network benefits VASPs.

Why Leading VASPs Are Members of TRUST

TRUST Has an Extensive Member List 

TRUST is a truly global solution; its reach is not limited to the US or EU, for example; its membership includes a growing range of major exchanges, custodians, wallet providers, and banks worldwide, with participants such as Coinbase, Kraken, Gemini, Binance.US, Crypto.com, PayPal, Revolut, Robinhood, and many others.

As of early 2026, the TRUST network includes over 200 VASPs, reflecting its expanding global reach. Many of these members are included in Kaiko’s Exchange Ranking Report, with eight of its top 10 exchanges listed as TRUST participants.

Additionally, these exchanges are where the most digital asset activity occurs; having network access to these entities ensures that transfers are done seamlessly. 

Counterparty Due Diligence Made Easy

Many VASPs are familiar with the challenges counterparty due diligence brings; it is time and resource-consuming. Moreover, it needs to be performed with every new counterparty. 

With the TRUST network, this process is different. VASPs are always encouraged to conduct their own due diligence processes*, but the difference is that when joining TRUST, you need to meet TRUST’s due diligence requirements. 

“It’s not simply about admitting anyone into the [TRUST] network; each participant must pass a defined due diligence process to ensure the ecosystem remains viable and trusted."
David Soiles, Fintech FCC Practice Leader, Capgemini 

Once approved, VASPs gain access to TRUST’s expansive VASP network, with the added benefit of knowing that all other members have passed TRUST’s strict due diligence processes. This significantly reduces the need for further counterparty screening, resulting in direct and immediate transactions with any counterparty in the network. 

*For example, the TFR’s Recital 60 requires CASPs to apply enhanced due diligence when forming correspondent relationships to assess risk, especially with unregistered or unlicensed entities, and implement appropriate mitigation measures in line with evolving guidance amid uneven global application of FATF standards.

The TRUST Network Has Strict Due Diligence Standards 

TRUST’s strict onboarding standards require all members to undergo independent reviews of their privacy, security, and AML measures, ensuring they meet robust compliance requirements.

This service is conducted by the external party, Capgemini to ensure that the reviews remain objective. The company conducts due diligence on all prospective members before admission, and ongoing due diligence on existing members

This external due diligence adds an extra layer of reliability; members know that they’re transacting with legitimate and well-controlled counterparties. When a network like TRUST has its own due diligence process, it enhances the compliance posture of every participant and strengthens the ecosystem as a whole.

Due to these strict onboarding requirements, not all VASPs are able to join TRUST immediately. However, applicants can reapply after addressing any gaps. 

The positive side to these requirements is that members of the network are guaranteed their counterparties have robust compliance practices in place and meet global Travel Rule compliance standards. 

Read: How To Perform Travel Rule VASP Due Diligence like Capgemini