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KYC Framework

Overview

To ensure regulatory compliance and secure access to asset-backed functionality, Ontorium integrates a tiered KYC system powered by Sumsub.

Each level of verification unlocks different capabilities within the minting and redemption process.

KYC verification is required to access core functionalities within the Asset Layer, including minting, redemption, and physical settlement.

KYC Levels & Access

L1 (Identity Verification)

  • Liveness and identity verification required

  • Enables:

    • OXAU minting

    • On-chain redemption

L2 (Proof of Address)

  • Address verification required

  • Enables:

    • All L1 functionality

    • Physical gold redemption

L3 (Institutional KYC)

  • Institutional onboarding and whitelisting

  • Enables:

    • Full access to all platform services

What is required for KYC/KYB?

Individuals:

  • Full Legal name

  • Date of Birth

  • Country of citizenship and residence

Identity Verification (L1):

  • Government-issued ID (e.g. passport, driver’s license, national ID)

Address Verification (L2):

  • Proof of address document (e.g. utility bill, bank statement, government-issued document)

Entities:

  • Legal entity name

  • Business name (DBA or trading name if different)

  • Country of incorporation

  • Addresses:

    • Principal place of business

    • Registered office address (if different)

    • Mailing address (if different)

  • Official identification number

Jurisdiction Restrictions

Access to Ontorium services is restricted in certain jurisdictions due to regulatory and compliance requirements.

Restricted Countries

  • Users located in or associated with the following jurisdictions are not permitted to access minting, redemption, or asset-related services:

FATF Blacklist:

  • DPRK (North Korea)

  • Iran

  • Myanmar

FATF Greylist (Subject to enhanced due diligence):

  • Algeria, Angola, Bolivia, Bulgaria, Cameroon, Côte d'Ivoire, DR Congo, Haiti, Kenya, Lao PDR, Lebanon, Monaco, Namibia, Nepal, South Sudan, Syria, Venezuela, Vietnam, Yemen

Sanctions Compliance

  • Addresses and individuals listed under UN, US, EU, or UK sanctions programs are subject to:

    • Account restriction

    • Transaction blocking

    • Service denial

United States Restrictions

  • The following users are restricted:

    • US persons

    • US entities

    • Users accessing from US IP

This restriction applies due to applicable regulatory requirements.

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