Know-your-customer and know-your-business controls

Every participant who takes on obligations or accesses permissioned capital is identified before they can act. Individuals complete KYC; entities complete KYB, which extends the check to the business itself, its directors, and its ultimate beneficial owners.

For borrowers, KYC and KYB are conditions precedent: no facility funds until identity verification is complete and the MLA is signed by a verified party. For lenders in permissioned pools, KYC and eligibility verification gate deposit. Open pools apply a lighter standard but still enforce the jurisdictional exclusions described under Onboarding and Eligibility. Verification is performed by SumSub, a specialist identity and business-verification provider, with wallet-level AML and transaction screening performed separately by AMLBot. The on-chain permissioning enforces the outcome — eligible or not — without exposing the underlying identity documents or screening data on-chain.

The standard is deliberately closer to institutional finance than to permissionless DeFi, because the counterparties are institutions and the loans are legally enforceable agreements against named entities. Identity is not a formality here; it is what makes the legal layer function — an MLA is only as enforceable as the certainty of who actually signed it.