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.
Standard Business Onboarding Requirements
Bridge is required to collect and verify information about the business and its ownership:
- Legal Entity Name
- Registered Address
- Principal Operating Address
- EIN/TIN (or non-US equivalent identification number)
- Business Entity Type
- Business Formation Documents
- Business Ownership Documents
- Business Description & Website
- Business Industry (NAICS codes)
- DAO Status
Beneficial Owners and Controllers
KYC is required for all Beneficial Owners and/or Control Owners:
- All Ultimate Beneficial Owners (UBO): Individuals or entities with complete ownership and control.
- Control Person: An individual with significant responsibility to control or direct the business (CEO, CFO, COO, President).
Enhanced Business Onboarding Requirements
Additional information required for certain business types or high-volume accounts:
- Source of Funds
- Estimated Annual Revenue
- Expected Monthly Transaction Volume (USD)
- Primary Account Purpose
- Disclosure of High-Risk Activities or Geographies
- Disclosure of Customer Money Transmission: Explanation of compliance screening if moving customer funds.
Additional Diligence Requests
In specific instances, Bridge may request:
- Proof of Funds (e.g., bank statements)
- Proof of Operating Activity (e.g., invoices, receipts, commercial contracts)
- Licensing Information for regulated industries
How Long Does It Take?
- Form completion: 10–15 minutes
- Approval time: 1–3 business days
FAQs
Who counts as a beneficial owner? Typically, anyone who owns 25% or more of the business.
What if my business doesn’t have a physical address (DAOs)? DAOs may provide the residential address of their verified control person.
Is my data secure? Yes, all business data is encrypted and handled according to strict compliance standards.