SINGAPORE, April 30, 2026 /PRNewswire/ -- VerifyVASP, a leading Travel Rule solution provider, today announced the acquisition of Sygna, a prominent Japan-based provider.
This transaction represents a major step in VerifyVASP's global expansion strategy, further establishing the company as a core compliance infrastructure provider for Virtual Asset Service Providers (VASPs) across key international markets.
Consolidating the Travel Rule Ecosystem
The acquisition marks a defining moment in the evolution of the global Travel Rule landscape. By integrating Sygna into its network, VerifyVASP is advancing the consolidation of a fragmented market into a unified, interoperable compliance network aligned with national regulations, Financial Action Task Force (FATF) standards, and global data protection requirements.
At the centre of this strategy is VerifyVASP's Verified Network, a global compliance infrastructure designed to enable secure, real-time, and standardised data exchange between VASPs. With the addition of Sygna, this network achieves unmatched scale, depth, and geographic reach, further strengthening its network effects and regulatory compliance.
Existing members of Sygna will continue to operate without disruption and will be progressively onboarded onto the Verified Network, tailored to local regulatory requirements. This transition will expand connectivity across key markets and significantly enhance interoperability.
At the same time, VerifyVASP's existing members will gain access to an expanded set of regulated counterparties, improving efficiency, reducing friction in cross-border transactions, and enabling more seamless compliance workflows.
The Global Standard for Travel Rule Compliance
With this acquisition, VerifyVASP further strengthens its position as the global standard-setter for Travel Rule compliance infrastructure.
Shih Yun Chia, the CEO of VerifyVASP said, "The Sygna acquisition underscores our commitment to setting the global standard for Travel Rule compliance through an expanded, objectives-based network. It comes at a pivotal moment, as the FATF and other relevant international bodies, regulators, and financial intelligence units worldwide drive more effective enforcement."
Michael Ou, Founder and CEO of Sygna, said, "Sygna was created to help build trusted compliance infrastructure for the virtual asset industry, which is one of the world's most demanding regulatory environments. We are proud of what the team has built in Japan, and we believe that this combination with VerifyVASP will significantly expand the reach and impact of that work. Together, we are in a stronger position to support VASPs with secure, efficient, and global Travel Rule compliance."
As regulatory expectations continue to evolve, VerifyVASP remains focused on building a globally connected compliance ecosystem that supports VASPs, financial institutions, and regulators in establishing secure, transparent, and trusted digital asset markets.
About VerifyVASP Pte. Ltd.
VerifyVASP Pte. Ltd., a subsidiary of Upbit Global Pte. Ltd., is a leading Travel Rule solution provider delivering secure, scalable compliance infrastructure for virtual asset service providers (VASPs) worldwide. VerifyVASP offers an end-to-end compliance suite encompassing counterparty due diligence, interoperable messaging protocols, on-chain risk analytics, and advisory on Travel Rule and data protection requirements. Extending beyond compliance, VerifyVASP provides advanced solutions for global law enforcement agencies, enabling the prevention, detection, and investigation of illicit activities involving digital assets.
About Sygna Inc.
Sygna Inc. is a pioneer in Travel Rule solutions, with first-mover advantage in building compliance infrastructure for the digital asset industry. With strong coverage in Japan, Sygna has established deep connectivity across leading VASPs in one of the world's most regulated markets, making it a strategic gateway to Japan's digital asset ecosystem.
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VerifyVASP acquires Sygna, consolidating the global Travel Rule network
- Realizing Rising Tech within 'S.T.R.E.A.M,' the Group's mid-to-long-term strategic portfolio conceived and designed by Hankook & Company Group
- Transformed students' creative ideas into high-fidelity prototypes with near-production quality
- Demonstrated 'TSB(Total Solution Business)' capabilities based on integrated development and manufacturing
PASADENA, Calif., April 30, 2026 /PRNewswire/ -- Model Solution Co., Ltd. (CEO Hyung-min Yoo), a global hardware platform company and an affiliate of Hankook & Company Group, announced the successful completion of its collaborative project with ArtCenter College of Design ("ArtCenter"), one of the world's leading design schools in the United States, and unveiled the project outcomes.
Model Solution is the Hankook & Company Group affiliate dedicated to Rising Tech within 'S.T.R.E.A.M,' the Group's mid-to-long-term strategic portfolio.
Founded in 1930, ArtCenter is a design-focused educational institution located in Pasadena, California, and has built a global reputation in the fields of industrial design, product design, and mobility design.
The project was conducted as part of "3D Modeling 3," a Spring 2026 course in ArtCenter's Product Design department, with the goal of transforming students' creative design ideas into high-fidelity prototypes with near-production quality.
Throughout the project, Model Solution supported CAD-based design reviews, CMF (Color, Material, Finish) implementation, and DFM (Design for Manufacturing)-based manufacturability reviews. Through this, the company demonstrated in detail how design concepts are actually realized in the product development process.
Among a wide range of ideas, a portable DJ controller 'DJ Deck', a future-oriented autonomous shopping cart 'Grocery Cart', and a last-mile delivery e-bike 'E-Bike' were ultimately selected. Each went beyond a simple concept model and was produced as a prototype with production-like appearance and finish quality.
The collaboration reflected Model Solution's 'TSB(Total Solution Business)' approach, which connects customers' early-stage ideas and concepts to design review, engineering, prototype development, tooling, and mass production. Through this, Model Solution demonstrated its strength in turning creative ideas into realistic product outcomes and establishing a structure that can be extended to development and mass production stages.
Beyond design realization, Model Solution provides comprehensive engineering services across all aspects of product development, including mechanical design, circuit design, and software engineering, and has established an integrated development and manufacturing system that can connect working prototypes to mass production. This capability translates into a competitive advantage in providing end-to-end support from the initial idea stage to actual commercialization.
Based on this end-to-end process capability, Model Solution continues to expand its business portfolio into various high-value-added industries, including medical devices. This capability serves as a foundation for expanding collaboration opportunities with diverse customers at the idea stage. This includes startups with limited product development experience or manufacturing infrastructure. The company stands out in its ability to define product implementation directions even from initial concepts alone and connect them to subsequent development and mass production review stages.
Hyung-min Yoo, CEO of Model Solution, said, "This industry-academia collaboration with ArtCenter demonstrates how creative ideas can be transformed into product-level outcomes. Moving forward, Model Solution will continue strengthening its role as a product realization partner by leveraging its total-solution capabilities to connect early-stage concepts with development and mass production."
The completed prototypes will be exhibited at ArtCenter's main exhibition hall starting in May, where they will be presented as the outcomes of this collaboration.
PASADENA, Calif., April 30, 2026 /PRNewswire/ -- Model Solution Co., Ltd. (CEO Hyung-min Yoo), a global hardware platform company and an affiliate of Hankook & Company Group, announced the successful completion of its collaborative project with ArtCenter College of Design ("ArtCenter"), one of the world's leading design schools in the United States, and unveiled the project outcomes.
Model Solution is the Hankook & Company Group affiliate dedicated to Rising Tech within 'S.T.R.E.A.M,' the Group's mid-to-long-term strategic portfolio.
Founded in 1930, ArtCenter is a design-focused educational institution located in Pasadena, California, and has built a global reputation in the fields of industrial design, product design, and mobility design.
The project was conducted as part of "3D Modeling 3," a Spring 2026 course in ArtCenter's Product Design department, with the goal of transforming students' creative design ideas into high-fidelity prototypes with near-production quality.
Throughout the project, Model Solution supported CAD-based design reviews, CMF (Color, Material, Finish) implementation, and DFM (Design for Manufacturing)-based manufacturability reviews. Through this, the company demonstrated in detail how design concepts are actually realized in the product development process.
Among a wide range of ideas, a portable DJ controller 'DJ Deck', a future-oriented autonomous shopping cart 'Grocery Cart', and a last-mile delivery e-bike 'E-Bike' were ultimately selected. Each went beyond a simple concept model and was produced as a prototype with production-like appearance and finish quality.
The collaboration reflected Model Solution's 'TSB(Total Solution Business)' approach, which connects customers' early-stage ideas and concepts to design review, engineering, prototype development, tooling, and mass production. Through this, Model Solution demonstrated its strength in turning creative ideas into realistic product outcomes and establishing a structure that can be extended to development and mass production stages.
Beyond design realization, Model Solution provides comprehensive engineering services across all aspects of product development, including mechanical design, circuit design, and software engineering, and has established an integrated development and manufacturing system that can connect working prototypes to mass production. This capability translates into a competitive advantage in providing end-to-end support from the initial idea stage to actual commercialization.
Based on this end-to-end process capability, Model Solution continues to expand its business portfolio into various high-value-added industries, including medical devices. This capability serves as a foundation for expanding collaboration opportunities with diverse customers at the idea stage. This includes startups with limited product development experience or manufacturing infrastructure. The company stands out in its ability to define product implementation directions even from initial concepts alone and connect them to subsequent development and mass production review stages.
Hyung-min Yoo, CEO of Model Solution, said, "This industry-academia collaboration with ArtCenter demonstrates how creative ideas can be transformed into product-level outcomes. Moving forward, Model Solution will continue strengthening its role as a product realization partner by leveraging its total-solution capabilities to connect early-stage concepts with development and mass production."
The completed prototypes will be exhibited at ArtCenter's main exhibition hall starting in May, where they will be presented as the outcomes of this collaboration.
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
Model Solution Unveils Next-Generation Design Innovation Results with ArtCenter College of Design
