OpenTrade Docs
  • ๐Ÿ‘‹Welcome to OpenTrade
    • ๐Ÿ’ปPlatform Overview
    • โ›“๏ธBlockchain Protocol
    • ๐Ÿ–ฅ๏ธWeb Application
    • ๐Ÿช™Supported Digital Assets
    • ๐ŸŒSupported Blockchain Networks
    • ๐Ÿ“‚Supported Digital Wallets
  • Stablecoin Yield
    • ๐Ÿ“˜Product Overview
      • ๐Ÿ—ณ๏ธVaults
      • ๐Ÿ›๏ธKey Parties
      • ๐Ÿ”Loan Collateral
      • โžก๏ธInvestment Process
      • โฌ…๏ธWithdrawal Process
      • ๐Ÿช™Vault Tokens
      • ๐ŸงฎExchange Rates
      • ๐Ÿ—“๏ธCalendar & Business Days
      • ๐Ÿ‘ฉโ€โš–๏ธLegal
        • ๐Ÿ›ก๏ธBankruptcy Remote Structure
        • ๐Ÿ“—Master Lending Agreement
        • ๐Ÿ““Loan Confirmations
        • ๐Ÿ“ƒSecurity Trust Deed
        • ๐Ÿ“™Platform Terms of Service
        • ๐Ÿ”Privacy & Cookie Policies
    • ๐Ÿ’ธStablecoin Yield Vaults
      • ๐ŸฆMoney Market Fund Vaults
        • ๐Ÿ’ตUSD Money Market Fund Vault
          • ๐Ÿ’ฐInterest Rate & Fees
          • โžก๏ธMaking Loans
          • โฌ…๏ธWithdrawals
        • ๐Ÿ’ตFranklin Templeton Benji MMF Vault
          • ๐Ÿ’ฐInterest Rate & Fees
          • โžก๏ธMaking Loans
          • โฌ…๏ธWithdrawals
        • ๐Ÿ’ตFlexible Term USDC Vault
          • ๐Ÿ’ฐInterest Rate & Fees
          • โžก๏ธMaking Loans
          • โฌ…๏ธWithdrawals
        • ๐Ÿ’ถFlexible Term EURC Vault
          • ๐Ÿ’ฐInterest Rate & Fees
          • โžก๏ธMaking Loans
          • โฌ…๏ธWithdrawals
      • ๐ŸญHigh Yield Corporate Bond Vault
        • ๐Ÿ’ฐInterest Rate, Exchange Rate, Fees
        • โžก๏ธMaking Loans
        • โฌ…๏ธWithdrawals
      • Managed DeFi Yield Vault (Beta)
        • ๐Ÿ’ฐInterest Rate & Fees
        • โžก๏ธMaking Loans
        • โฌ…๏ธWithdrawals
      • ๐Ÿ“†Fixed Term US Treasury Bill Vaults
        • โณFixed Term Vault Mechanics
        • ๐ŸŽŸ๏ธInterest Rates & Fees
        • ๐Ÿ”„Early Withdrawal Requests
        • ๐ŸŸขLoan Rollovers & Rollover Termination
        • ๐Ÿ’ฌLoan Statuses
        • ๐Ÿ–ฑ๏ธLender App Overview
  • ๐Ÿ’ปIntegrations
  • โš™๏ธContract Addresses
  • ๐Ÿ›ก๏ธCode Audits
  • ๐Ÿ“ฅOnboarding
    • โœ…Eligibility Requirements
  • ๐Ÿง‘โ€๐Ÿ’ปUser Guides
    • ๐ŸŽ๏ธGetting Started
    • ๐Ÿ”ฅFireblocks Users
      • ๐Ÿ”„End-to-End
      • โœ…Whitelisting Contracts
      • โš™๏ธConfiguring Your TAP
      • ๐Ÿ”ŒConnecting via WalletConnect
      • ๐Ÿช™Listing a Vault Token
      • โฌ†๏ธMaking an Investment
      • โฌ‡๏ธMaking a Withdrawal Request
    • Safe{Wallet} Users
    • ๐ŸŸฆCoinbase Prime Users
    • ๐ŸŸฃCircle Mint Users
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  • No Retail Users
  • Prohibited Countries
  • Enhanced Due Diligence
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  1. Onboarding

Eligibility Requirements

Learn more about who is eligible (and who is not) to use OpenTrade.

No Retail Users

Notwithstanding passing KYC/AML/CFT checks and sanctions screening, OpenTrade clients must be high-net worth individuals, companies, professional clients, sophisticated investors, accredited investors, or the equivalent in the jurisdiction in which they reside and/or operate.

Retail users are not eligible for onboarding to OpenTrade.

Prohibited Countries

OpenTrade will not onboard any individual or company residing and/or operating in countries subject to sanctions by US, UK, EU, and UN government agencies.

OpenTrade will not onboard companies or individuals who are located, organised, or resident in the following countries:

  • North Korea

  • Cuba

  • Iran

  • Syria

  • Russia

  • Any other country subject to comprehensive United States sanctions and/or embargoes, UN sanctions, or if you are on the U.S. Treasury Departmentโ€™s Specially Designated Nationals List;

  • Any company or individual which supply any goods or services to any individual or organisation located, organised, or resident in Cuba, Iran, North Korea, or Syria or any other country subject to United States comprehensive sanctions and/or embargoes

Enhanced Due Diligence

Enhanced due diligence may be required during onboarding for any Lender which present a high financial crime risk to OpenTrade.

In addition to standard KYC/AML/CFT measures, EDD can be required due to a number of factors, including if the lender has been asses as having a high risk of money laundering based on our internal risk assessment, company structure, industry, reputation, involvement of PEPs, companies and individuals located, organised, or resident in jurisdictions that FATF recommends increased monitoring and/or the FCA considers "High Risk", among others.

OpenTrade reserves the right to apply part or all of EDD to medium or low risk Lenders if deemed necessary.

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Last updated 12 days ago

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