Case Studies/Vaultline
VASP licensing and key-management security as one operating model
A custody operator expanding into a second jurisdiction needed licensing support, AML controls, and a security review of key management — without a seam between the application and the vault.
- License track
- VASP
- Key controls reviewed
- MPC
- Travel Rule live
- FATF
The challenge
The gap after delivery
Counsel could describe the custody model. A security shop could review the vault. Neither would still be present when the regulator asked how a withdrawal policy had changed in production.
- License narrative and actual signing-policy code had already drifted.
- Travel-rule and sanctions screening were specified, not operated.
- No retained monitoring of the custody stack after the previous assessment.
What Avenza did
One continuous workstream
Avenza wrote the VASP dossier against the live key-management architecture, then kept security and compliance on retainer through the authorization period.
- Reviewed MPC / HSM controls, approval policies, and operational access paths.
- Aligned the license application with withdrawal, incident, and records procedures as they actually run.
- Implemented AML/KYC and travel-rule operations for inbound and outbound transfers.
- Retained a maintenance desk for policy changes that would otherwise reopen license risk.
Outcomes
Cover that did not end
Vaultline could show a regulator — and its own clients — that security and compliance were the same operating relationship.
- Application dossier matched production signing and incident procedures.
- Travel-rule obligations evidenced with operating logs, not a policy PDF.
- Key-management findings remediated before the authorization interview.
- Retained Avenza cover used in enterprise client RFPs.
“The license is a snapshot. The vault keeps changing. We needed the partner who stays for both.”
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Ready to unify security and compliance?
Avenza stays on the account — so the system is not unmonitored the day after delivery.