2025 was our strategic breakthrough year. Veriscope became the preferred Travel Rule solution across all major VASP categories in India—the world's second-largest crypto market by volume and #1 in grassroots adoption.

Eight integrations—seven in India, spanning million-user platforms to the nation's first outlet exchange, plus international expansions—demonstrated that our cryptographic proof-based technology scales seamlessly across business models, user bases, and jurisdictions.

India's momentum validated our strategic focus: #1 in Chainalysis' 2025 Global Crypto Adoption Index, over 75% of activity from non-metro regions (CoinSwitch India's Crypto Portfolio 2025), and strong projected growth in the exchange platform market toward USD 7.5 billion by 2030 (Grand View Research).

India - Why Shyft Strategic Priority

The fundamentals aligned perfectly. India topped the 2025 Chainalysis Adoption Index, driven by widespread grassroots engagement. Non-metro regions powered over 75% of trading activity, with Tier 2 cities at 32.2% and Tier 3/4 cities at 43.4% of user bases (CoinSwitch 2025 report). Uttar Pradesh emerged as the top state for crypto investment, signaling adoption spreading deep into Bharat.

India's Virtual Asset Service Provider ecosystem demonstrated regulatory readiness, making it ideal for Travel Rule infrastructure deployment.

Regulatory maturity added tailwinds: India's FATF regular follow-up status reflects advanced risk mitigation, and VASPs have proactively embraced Travel Rule measures ahead of full mandates.

We targeted this high-growth environment during regulatory evolution—where early, privacy-preserving compliance infrastructure creates lasting advantages.

Key Results: Depth Across the Ecosystem

We partnered deliberately across India's full VASP spectrum:

• Unitic (February) — Set the standard for non-custodial, cryptographic proof compliance in dynamic markets.
• SunCrypto (April) — 1M+ users; established, choosing Veriscope for proactive growth.
• Inocyx (April) — FIU-registered innovator proving compliance fuels technical advancement.
• GetBit (May) — Mobile-first design ideal for non-metro expansion as activity shifts to smaller cities.
• IN1 (September) — VASP-licensed across 35+ countries; unified fintech bridging crypto and traditional finance.
• Nowory (September) — Launched August 2025 with Veriscope built-in—compliance as core architecture from day one.
• Fincrypto (November) — India's first hybrid outlet exchange; uniform Travel Rule coverage across digital and physical locations to build trust in Tier 3/4 regions.

Internationally:

• Endl (November) — Stablecoin neobank with cross-border payment rails; same tech powering institutional flows.

These eight integrations covered every key category—proving User Signing delivers scalable, privacy-first compliance everywhere.

The Core Technology: User Signing on Veriscope

Veriscope's breakthrough: VASPs request cryptographic proofs directly from users' non-custodial wallets. No centralized sensitive data. No privacy trade-offs. Pure blockchain-native FATF compliance.

This turns regulation into an advantage—reducing friction while embedding trust.

Strategic Win: Competitive Ecosystem Coverage

Network effects accelerated: Every new VASP makes the ecosystem stronger. Fincrypto transactions with Nowory or GetBit data shares with SunCrypto happen instantly and privately on shared infrastructure.

Diverse coverage validated universality: From traditional exchanges to mobile apps, fintech bridges, hybrid models, and greenfield launches—Veriscope works because it solves core challenges.

International scalability followed naturally: India's complex environment prepared us for global payment rails like Endl without rework.

Compliance-first launches like Nowory show the market's evolution—platforms building readiness upfront as adoption moves to states like Uttar Pradesh.

Early positioning paid off: As India leads global adoption and non-metros drive growth, our partners gained a structural edge in crypto compliance over those who retrofit later.

The Path Forward: Growth Meets Regulatory Maturity

The infrastructure we built in India becomes the template for markets worldwide, entering their regulatory maturation phase. As more jurisdictions adopt FATF guidelines and VASPs face the build-versus-retrofit decision, network effects will accelerate faster than linear growth suggests.

The market is splitting: platforms building compliance into their foundation versus those bolting it on under pressure. That gap widens in 2026.

We're positioned where the next wave of growth meets regulatory clarity—ready to serve markets that recognize privacy-preserving compliance as competitive infrastructure, not regulatory burden.

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About Shyft Network

Shyft Network powers trust on the blockchain and economies of trust. It is a public protocol designed to drive data discoverability and compliance in blockchain while preserving privacy and sovereignty. SHFT is the network's native token and fuel.

Shyft Network facilitates the transfer of verifiable data between centralized and decentralized ecosystems. It sets the highest crypto compliance standard and provides the only frictionless Crypto Travel Rule compliance solution while protecting user data.

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Book your consultation: https://calendly.com/tomas-shyft or email: [email protected]