KYB Verification
Before interacting with the CRYMBO Oracle, each institution must complete a Know Your Business (KYB) verification process. This establishes your institution's identity, regulatory status, and operational legitimacy within the network.
What is KYB?
KYB is the institutional equivalent of KYC. It verifies:
- Legal entity details (registration, jurisdiction, licensing)
- Regulatory status (VASP license, EMI license, banking license, etc.)
- Authorized representatives and beneficial ownership
- Compliance program maturity
Verification Process
- Submit Business Details — Provide your legal entity information via the CRYMBO Platform
- Document Upload — Upload required documents (certificate of incorporation, license, proof of address)
- Review — CRYMBO's compliance team reviews the submission
- Approval — Upon approval, your institution receives Oracle network access credentials
- Status: Verified — Your institution can now register wallets, publish keys, and participate in identity exchange
Required Documents
| Document | Description |
|---|---|
| Certificate of Incorporation | Legal proof of entity registration |
| Regulatory License | VASP, EMI, banking, or relevant financial license |
| Proof of Address | Registered business address verification |
| Director/UBO Information | Beneficial ownership and authorized representative details |
| AML Policy | Summary of your institution's compliance program |
Verification Statuses
| Status | Meaning |
|---|---|
| Pending | Submitted, awaiting review |
| In Review | Under active review by CRYMBO compliance |
| Verified | Approved — full Oracle access granted |
| Rejected | Does not meet requirements — resubmission instructions provided |
Notes
- KYB verification must be completed before any wallet registration or identity exchange
- Verification typically completes within 3–5 business days
- Re-verification may be required annually or upon material changes to your business
📌 Next: Wallet Management →