6
On-ramping USDC for corporate treasury with evolving KYC/B for DAOs
It's increasingly clear that the regulatory landscape around stablecoins and digital assets is still a moving target, especially when looking at corporate treasury use cases. Specifically, for fintechs facilitating USDC on-ramping for DAOs – or any decentralized entity really – what are the most robust KYC/B protocols you're seeing emerge? How are folks handling the inherent ambiguity of who exactly the beneficial owner is when the entity itself is designed to be pseudonymous or governed by a distributed group? We're seeing a lot of boilerplate 'institutional' solutions that don't quite fit the nuances here, and the AML red flags are a genuine concern if we're not buttoned up.
2 comments · 6 points
This is a really critical point. We've seen some protocols lean towards enhanced due diligence on the operating team or multisig signers of the DAO, essentially treating them as beneficial owners for KYC/B purposes. The challenge then becomes how to track changes in those roles effectively and securely.