Sygna Bridge is a Travel Rule solution developed by CoolBitX. It enables VASPs to securely exchange standardized Travel Rule information using the IVMS-101 data model. All data transmitted through Sygna Bridge is encrypted and accessible only to authorized counterparties, ensuring both security and regulatory compliance.

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Note

To use Sygna Bridge protocol within Sumsub, VASPs must complete a verification process by filling out either the Registration Form or Due Diligence Questionnaire.

How Sygna Bridge protocol works

Sumsub integrates with Sygna Bridge to securely exchange Travel Rule information in both outbound and inbound data exchange transactions.

Outbound data exchange transactions

The process of managing outbound Travel Rule data exchange transactions via Sygna Bridge protocol includes the following steps:

1. When a transaction is submitted, Sumsub determines which Travel Rule protocol to use to communicate with the counterparty VASP.
2. If the counterparty VASP supports Sygna Bridge, Sumsub sends the encrypted payload with the required Travel Rule information via Sygna Bridge.
3. The counterparty VASP reviews the information and responds with acceptance or rejection.
4. Sumsub updates the data exchange transaction status accordingly.
5. The client VASP performs the on-chain transaction and submits the blockchain transaction hash to Sumsub.
6. Sumsub forwards the transaction hash to the counterparty VASP via Sygna Bridge, finalizing the Travel Rule data exchange.

Inbound data exchange transactions

The process of managing inbound Travel Rule data exchange transactions via Sygna Bridge protocol includes the following steps:

1. When Sumsub receives incoming Sygna Bridge message from counterparty VASP, we decrypt the payload and create an incoming transaction that will be displayed in the Transactions and travel rule section in the Dashboard.
2. Your VASP needs to confirm wallet ownership and link the applicant (unless automatic setup is enabled).
3. Sumsub then sends a confirmation or rejection back to the counterparty VASP.
4. Once the blockchain transaction hash is received, Sumsub updates it in the transaction record and finalizes the Travel Rule data exchange.