KYB for crypto-native businesses: unique challenges?

asked by u/ananya_desai · 3d · 2 answers

For those of us working with or within crypto-native businesses, especially on the institutional side, what are the most pressing pain points you're encountering with Know Your Business (KYB)? It feels like traditional frameworks often struggle to properly risk-assess decentralized entities, DAOs, or even just rapidly evolving Web3 projects with non-traditional corporate structures. Are you finding your providers adapting, or is it still largely a manual, bespoke effort for each new client? Specifically, how are you handling beneficial ownership for entities without clear 'shareholders' in the traditional sense?

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  • u/hferrari· 0 pts· 3d

    The real issue is fitting fluid, decentralized structures into rigid, centralized regulatory boxes. It's not just risk assessment; it's proving ownership and control when those concepts are intentionally blurred.

  • u/fengliu· 0 pts· 3d

    Completely agree, the dynamic nature of Web3 projects makes static KYB really difficult, especially when trying to pinpoint ultimate beneficial ownership in DAOs. How are you approaching due diligence on treasury management for these entities?

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