KYB and compliance
What we ask during onboarding, why we ask for it, and how long it takes.
KYB before the first deposit · USD or USDC · Conditions as of September 2026
The short version
- KYB is completed once, before the first deposit. There is no version of this product that skips it.
- Nine requirements, identical for every entity — only the document that satisfies each one changes.
- No turnaround time and no jurisdiction list are published here. Both are confirmed for your file, in writing, before you commit anything.
- The funding bank account and the withdrawal destination must both be in the name of the verified entity.
- We give your finance team the record; the accounting and tax treatment stays with your accountant and your auditor.
Why KYB is required.
Know Your Business is the corporate equivalent of KYC. It happens once, before the first deposit, and it is not optional — there is no version of this product that skips it.
We must know who we are contracting with
Funds are deposited by a legal entity, not by a person. Before the first deposit we confirm the entity exists, is in good standing, and that the person signing has the authority to bind it.
Ownership has to be traceable
Corporate structures can hide who ultimately benefits from an account. We identify the beneficial owners behind the entity so the money has a named origin and a named destination.
Withdrawals need a pre-agreed route
Withdrawals are available within 48 hours, and that only works if the destination is verified in advance. KYB fixes the entity, the bank account and the authorized signatories before any money moves.
One process, not a recurring burden
The full file is collected once, at onboarding. After that, we ask for an update when something material changes on your side — a new signatory, a change of control, a new funding bank account, or a document that has expired. Adding to an existing position, moving between tiers or withdrawing does not restart the process. Withdrawals stay available within 48 hours under the conditions of your tier.
Documents by entity type.
The nine requirements are the same for every entity; only the document that satisfies each one changes. Names follow US terminology — the local equivalent is accepted for entities registered elsewhere. Open the block that matches your structure.
- Formation document
- Certificate of incorporation
- Governing document
- Bylaws and shareholder register
- Proof the entity is current
- Registry extract or certificate of good standing
- Beneficial ownership
- Shareholders at or above the ownership threshold, with the chain up to a natural person
- Control and authority
- Board resolution or written authority to open the account
- Identification of signatories
- Passport or national ID and proof of address for each director and signatory
- Tax identification
- EIN, or the local tax identification number
- Funding account
- Bank statement or letter showing an account in the entity name
- Source of funds
- Short written explanation of where the treasury balance comes from
- Formation document
- Articles of organization or certificate of formation
- Governing document
- Operating agreement and member register
- Proof the entity is current
- Registry extract or certificate of good standing
- Beneficial ownership
- Members at or above the ownership threshold, with the chain up to a natural person
- Control and authority
- Manager or member resolution, per the operating agreement
- Identification of signatories
- Passport or national ID and proof of address for each manager and signatory
- Tax identification
- EIN, or the local tax identification number
- Funding account
- Bank statement or letter showing an account in the entity name
- Source of funds
- Short written explanation of where the treasury balance comes from
- Formation document
- Partnership registration certificate, where the partnership is registered
- Governing document
- Partnership agreement, including the list of partners
- Proof the entity is current
- Registry extract, or the equivalent filing where no registry exists
- Beneficial ownership
- General partners in all cases, plus limited partners at or above the threshold
- Control and authority
- Written authority signed by the general partner
- Identification of signatories
- Passport or national ID and proof of address for each general partner and signatory
- Tax identification
- EIN, or the local tax identification number
- Funding account
- Bank statement or letter showing an account in the partnership name
- Source of funds
- Short written explanation of where the treasury balance comes from
Practical notes
What we do not ask for
Real onboarding timelines.
We do not publish a turnaround time we cannot hold to. What we can set out is what each stage involves, which side controls it, what it produces, and what makes a file take longer than it should.
You gather the file
You · corporate documentsMost of the elapsed time sits here, not with us. Companies that already keep a corporate documents folder move quickly; companies that have to request a registry extract wait on the registry.
We review the file
Coinstancy · file reviewReview of the entity, the ownership chain and the signatories. A file that arrives complete and legible is the fastest case; we tell you where yours stands once we have seen it.
Clarifications, if any
Both sides · one round tripTriggered by a document out of date, an ownership chain that stops at another company, or a signatory whose authority is not evidenced. Every round trip adds to the total.
Account opened, first deposit
Coinstancy · funding instructionsOnce KYB clears, the account is opened and the funding instructions are issued. Deposits in USD then follow your bank transfer times, which we do not control.
How to plan for it
Ask us for an estimate rather than working from a number on a page. Once we have seen your entity, your ownership chain and the documents you already hold, we can tell you where your file sits and what is likely to hold it up. If a board meeting or a quarter end fixes your date, say so at the start and we will tell you plainly whether it is realistic.
What slows a file down
Stages described as of September 2026. No duration is published, none is contractual, and none constitutes an SLA: the actual time depends on your entity, your structure and the completeness of the file you submit. Any estimate we give you applies to your file and to the day we give it.
Eligible and excluded jurisdictions.
We would rather leave this blank than publish a list we cannot stand behind. Here is exactly what we can say, and how to get a definitive answer for your entity.
The country-by-country list is confirmed at onboarding
We do not publish a list of eligible or excluded jurisdictions here. A list of that kind changes with sanctions regimes and regulatory guidance, and a stale page would be worse than no page — a finance team could plan against a country we no longer accept, or rule out one we do. No jurisdiction should be treated as accepted or refused on the strength of this page. The determination for your entity is made against the list in force on the day we review your file, and we give you that answer in writing before you commit anything.
What we can say without a list
What this page does not do
Fund segregation and contracting entity.
Who you sign with, whose name the money moves in, and what segregation does and does not buy you.
Two entities, one agreement
The agreement is between your verified legal entity and the Coinstancy contracting entity, which is identified in full — legal name, registration and registered address — in the agreement issued before the first deposit. Your finance team should read that document, not this page, as the authoritative statement of who you are contracting with. If your policy requires that detail before you start the KYB file rather than at the end of it, ask on a call and we will send it first.
What segregation means here
What it does not mean
Accounting and tax treatment: what we can say.
Coinstancy is not your accountant, your auditor or your tax adviser, and nothing here is advice. What we can do is name the four questions your finance team will have to answer.
Whether accrued yield is treated as interest income, as a gain on a digital asset, or as something else depends on your jurisdiction and on how your auditor reads the position. We do not make that determination for you.
Yield accrues continuously and is visible in the dashboard before it is withdrawn. Whether you recognize it as it accrues or on realization is an accounting policy decision for your finance team and your auditor.
A stablecoin holding is not cash in most accounting frameworks, even when it is pegged to the dollar. Confirm the line it belongs on before the first deposit, not at year end.
On a locked tier, an early exit returns the capital and forfeits the accrued interest. There is no penalty on the principal, but the forfeited accrual may need to be reversed if you had already recognized it.
Where the line sits
We give you the record: the deposits, the accruals and the withdrawals attributable to your entity, visible in the dashboard. Your accountant turns that record into entries and, where required, into filings. We do not issue an opinion on the treatment, we do not produce tax forms on your behalf, and we do not tell you what a regulator or an auditor will conclude in your jurisdiction. If your auditor wants to understand the mechanism before signing off, point them to how the product works and to the coverage and risk page, and put the questions we cannot answer to them.
Conditions and product terms are summarized on the Pro overview and in the FAQ.
Start the KYB, or check your case first.
Open an account and begin the file directly. If your jurisdiction, your structure or your contracting requirements need answering before you gather documents, a call is the faster route.