Mysterium VPN is a decentralised VPN service built on the Mysterium Network, a peer-to-peer network in which independent operators run nodes that relay traffic. Users can select exit nodes by city. The network uses the MYST token, and its software is published under the GPL-3.0 licence on GitHub, so the code can be inspected and built independently.
The network is developed by BlockDev AG, whose seat is in Zug, Switzerland, while discovery services are run by NetSys Inc., whose country is not stated. Node operators are spread across many countries, so no single hosting location can be confirmed, and the privacy policy contains no GDPR statement. Switzerland is outside the EU. A European organisation should weigh that traffic and metadata pass through independent third-party nodes whose jurisdictions it cannot control, which makes the service difficult to assess for business use.