Onboarding & KYC for Ondo I LP
The onboarding process is straightforward.
If you are onboarding as an individual, you will be required to verify your identity and prove that you meet the eligibility criteria. After submitting your KYC information, our compliance team will review your application. Within a few days, our onboarding team will contact you to collect your non-custodial wallet addresses and organize the required legal and tax forms.
If you are onboarding as a legal entity, you will be required to verify details about the entity, directors/officers, and UBOs. After submitting your KYB information, our compliance team will review your application. Within a few days, our onboarding team will contact you to collect your non-custodial wallet addresses and organize the required legal and tax forms.
We generally try to review all materials within 3-4 Business Days. However, during periods of high demand, this could take substantially longer. Please contact us at email@example.com for status updates.
During KYC, I'm being asked to list owners who own more than 25% of the investing entity, but the owner is another entity. What do I do?
To determine ultimate ownership, you need to go all the way back up to the top until you get to natural persons. For example, let's say that Fund A was owned 50% by you and 50% by Company B, which (in our example), is in turn owned 50% by Bob, 10% by Sue, and 40% by the Entity C Trust. Then you'd have to list yourself, Bob and the trust (stopping at the trust because that's not 'owned' by any individuals). If no one owned more than 25% of Company B, you'd just list yourself. If no person is more than a 25% ultimate owner, you can just list ‘None'.
In addition to ensuring you meet our eligibility criteria, we also check to see if applicants are listed on many of the most common sanctions lists, and will not allow anyone so flagged to complete onboarding.