Successes of 2024: 21 Analytics
2024 was an exceptional year for 21 Analytics. We continued to set the bar high for crypto compliance innovation by enhancing our Travel Rule solution with new features that further streamlined processes for VASPs and their customers while remaining compliant with the Travel Rule.
We continued to provide educational resources for the ecosystem through our various collaborations, and inputs with crypto compliance groups, and our customer and partner network grew exponentially.
Here’s a snapshot of what made 2024 an exceptional year.
Once Again, We Were Technology Leaders
The AOPP Portal and Satoshi Test Portal Were Released
With most jurisdictions including self-hosted wallets in their Travel Rule regime, 21 Analytics designed a solution to facilitate the wallet ownership proof process for VASPs and their customers: Enter the AOPP Portal.
Using a link issued by VASPs, wallet owners can prove ownership instantly without interrupting their transaction experience. VASPs benefit from the solution's automated nature, as all that is required is sharing a link with customers. The rest of the ownership process is done automatically, ensuring full Travel Rule compliance.
Download the AOPP Portal Guide
Due to the positive feedback we received from our customers, we took it a step further and developed the Satoshi Test Portal, which follows a very similar approach to the AOPP Portal.
The Satoshi Test Portal is completely automated on the VASP’s side, and customers merely submit the transaction ID of their completed Satoshi Test via the Satoshi Test Portal to prove ownership.
Support Grew: We Support 2400+ DTI Assets, 50+ Blockchains and 400+ Wallets
At the beginning of 2024, we announced that our Travel Rule solution, 21 Travel Rule, supported 1800 digital assets leveraging the DTIF-managed ISO 24165, DTI Standard. Not only has that number grown to over 2400 digital assets, but we now support over 50 blockchains, including, but not limited to, Bitcoin, Ethereum, TRON, Solana, Polygon, Stellar, and Binance Smart Chain.
What’s more, we have extended our self-hosted wallet support. Our solution covers over 400 different wallets, like Ledger, Trezor, MetaMask and more.
21 Travel Rule Updates
This year, 21 Travel Rule received 3 updates to stay current with the EU’s Travel Rule requirements, DORA’s standards, and further streamline processes for VASPs and their customers.
As always, each new release ensures compliance with the FATF Travel Rule. Updates included:
VASP auto-discovery,
Improved reporting and exporting options,
Encrypted emails for transaction notifications,
DOCX download on email transactions,
A wallet address search option,
Customer identification via DOB, passport or phone number,
The AOPP and Satoshi Test Portals,
Configurable Satoshi Test base amounts and timeframes,
Further blockchain and wallet support using the ISO 24165 standard DTI and WalletConnect.
Read more about the latest 21 Travel Rule updates.
Learn More about 21 Travel Rule
We Actively Contributed to the Ecosystem through Various Collaborations
In addition to our existing and continued collaborative efforts, such as contributing to the FATF VACG, Crypto UK, and INATBA, we have worked with various great companies and organisations to create helpful explainers for the ecosystem.
Some collaborations include:
DORA in MiC and TFR Compliance: A Practical Guide for Institutions with Cordial Systems.
With KPMG Germany, we produced a document explaining the German Travel Rule and the effects of the EU Travel Rule.
An overview of ownership proof requirements according to FINMA with MME.
Alongside Nägele and CLL, we produced a summary of Liechtenstein’s Travel Rule.
Additionally, with Crystal Blockchain, EU Blockchain Observatory and Forum, European Crypto Initiative and VASP Holdings, we provided feedback on the Guidelines for preventing the abuse of funds and certain crypto-assets transfers for money laundering and terrorist financing purposes under Regulation (EU) 2023/1113.
Our Customer and Partner Base Grew
Our team secured numerous new customers, both locally and internationally, such as Tangany and NiceHash, to name a few. Equally important is that we ensured the satisfaction and continued support of our existing customers, like Xerof. Additionally, we established outstanding partnerships along the way.
If our past successes are anything to go by, we welcome 2025 with open arms.
Do you want to be part of 21? Customers, partners, and candidates contact us today.