VerifyVASP and Bonanza Factory Announce Strategic Partnership to Deliver Digital Asset Compliance Infrastructure for Financial Institutions in Korea

·  Official partnership established to deliver digital asset compliance infrastructure for financial institutions
·  Combining VerifyVASP's global Travel Rule network with Bonanza Factory's compliance technology and operational expertise tailored for Korean financial institutions
·  Expanding the partnership to support stablecoins, digital asset transfers, and payment infrastructure

Bonanza Factory, a South Korea-based provider of digital asset AML and Know Your Transaction (KYT) solutions, and VerifyVASP, a global Travel Rule solution provider, have expanded their strategic partnership and entered into an agreement to deliver digital asset compliance infrastructure for financial institutions in South Korea.

The partnership was established to address the growing compliance needs of financial institutions as digital assets, including stablecoins and tokenized securities, become increasingly integrated into the regulated financial system.

Building on an existing strategic relationship, the two companies have worked closely to explore a range of collaboration opportunities. Through this agreement, they have formalized the scope of technology integration, commercial terms, and customer protection framework, establishing the foundation for deeper technical integration and joint business development.