Notabene's Revert Fills Crypto's Long-Standing Post-Settlement Gap
Notabene has launched Revert, a new infrastructure that enables institutions to safely control and track returns of settled crypto transactions. This capability did not previously exist in blockchain payments, even when regulation required it.
The launch lands as return-of-funds obligations are tightening across jurisdictions. For example, under the EU Transfer of Funds Regulation, a Crypto-Asset Service Provider must return funds to the originator if missing Travel Rule information is detected after a transaction has settled.
Revert introduces a post-settlement control layer for digital assets, enabling institutions to initiate, authorize, and complete return-of-funds flows with verified wallet destinations and a full audit trail. It's built on the Transaction Authorization Protocol (TAP), which allows institutions to coordinate refunds across counterparties as a shared network standard.
Pelle Braendgaard, CEO of Notabene, said that 'blockchain finality makes sense for settlement, but it doesn't make sense for everything else institutional payments actually require: coordinating across counterparties, correcting mistakes, and unwinding transactions that shouldn't have gone through.'