Only businesses that interact with the fiat system - such as receiving deposits (onramp) or sending payouts (offramp) - are required to go through Know Your Business (KYB) verification.
If your business only sends, receives, or holds USDC within Mo, you do not need KYB.
What Information Is Required?
Business verification collects details about the company, its ownership, and its controllers. You’ll typically be asked for:
1. Business Details
- Legal business name
- DBA (Doing Business As) name (if applicable)
- Business type (LLC, Corporation, DAO, Trust, etc.)
- Registered business address
- Business registration number (Tax ID / EIN)
- Website (if applicable)
- Short description of your business
2. Source of Funds
- Where your business funds come from
- Compliance procedures (if you process or transmit funds on behalf of others)
3. Beneficial Owners
For anyone who owns 25% or more of the business:
- Full name, address, and date of birth
- Government-issued ID number & document (see Individual Verification)
- Email address
- Percentage of ownership
4. Controllers
For the person(s) who manage the business:
- Full name, address, and date of birth
- Government-issued ID number & document
- Email address
- Job title
5. Business Documents
- Formation documents (Articles of Incorporation, Certificate of Formation, DAO legal entity, or Trust Deed)
- Ownership documents (shareholder registry, cap table, operating agreement, or equivalent showing 100% ownership)
- Business proof of address (recent utility bill, bank statement, office lease, or government-issued letter; must include entity name and be issued within the last 90 days)
How Long Does It Take?
- Form completion: 10–15 minutes
- Approval time: 1–3 business days
- If more info is needed: Our compliance team will reach out directly (for example, to confirm ownership or request proof of activities).
Special Notes
- DAOs may submit a verified controller’s residential address if there is no business address.
- Layered ownership: If another entity owns part of the business, documents must confirm the individuals with significant control (directors/officers).
- Equity platforms: If using Carta, AngelList, or Securitize for ownership records, signatures are not required.
FAQs
Do all businesses on Mo need KYB? No. KYB is only required if your business wants to deposit or withdraw fiat.
Who counts as a beneficial owner? Anyone who owns 25% or more of the business.
What documents can I provide for proof of address? Accepted examples include a recent utility bill, bank statement, government-issued letter, or office lease.
What happens if my business is not approved? You’ll receive guidance on what’s missing or how to resubmit documents.