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This integration automates the exchange of required customer information between Virtual Asset Service Providers (VASPs) during transactions."]},{"$$mdtype":"Tag","name":"Admonition","attributes":{"type":"info"},"children":[{"$$mdtype":"Tag","name":"p","attributes":{},"children":["Travel Rule compliance is available in ","Ripple Custody"," v1.30 and later."]}]},{"$$mdtype":"Tag","name":"Heading","attributes":{"level":2,"id":"why-travel-rule-matters","__idx":1},"children":["Why Travel Rule matters"]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["When you send or receive digital assets above certain thresholds, regulators require you to exchange customer information with the counterparty. This is the Travel Rule — FATF Recommendation 16 — and it applies to VASPs globally."]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["Without Travel Rule compliance:"]},{"$$mdtype":"Tag","name":"ul","attributes":{},"children":[{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Transactions may be blocked or delayed by counterparties"]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["Your organization risks regulatory penalties"]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":["You cannot operate in jurisdictions with strict Travel Rule enforcement"]}]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["Ripple Custody"," handles this automatically through its Notabene integration, so your transactions flow smoothly while meeting regulatory requirements."]},{"$$mdtype":"Tag","name":"Heading","attributes":{"level":2,"id":"key-concepts","__idx":2},"children":["Key concepts"]},{"$$mdtype":"Tag","name":"Heading","attributes":{"level":3,"id":"vasps-and-the-notabene-network","__idx":3},"children":["VASPs and the Notabene network"]},{"$$mdtype":"Tag","name":"p","attributes":{},"children":["A ",{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["VASP"]}," (Virtual Asset Service Provider) is any business providing custody, exchange, or transfer services for digital assets. 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You have two options:",{"$$mdtype":"Tag","name":"ul","attributes":{},"children":[{"$$mdtype":"Tag","name":"li","attributes":{},"children":[{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["Append (plaintext submission)"]},": Submit PII in IVMS-101 format. Notabene encrypts it with keys that Notabene manages and stores it on both your Notabene entity and the beneficiary's."]},{"$$mdtype":"Tag","name":"li","attributes":{},"children":[{"$$mdtype":"Tag","name":"strong","attributes":{},"children":["Present (pre-encrypted submission)"]},": Encrypt the PII yourself for end-to-end encryption. Notabene's end-to-end encryption uses ECDH-ES key agreement with the beneficiary VASP's public key from its DIDdoc and AES-256-GCM content encryption, and the encrypted payload is a JWE. Notabene can't read the payload. It forwards it to the beneficiary, and only the beneficiary side stores it. 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