User registration

This document describes the registration and onboarding flow for both individual users (KYC) and business users (KYB) in the platform.

1. Smart Account Creation

• The user initiates registration by creating a smart account using a passkey.

• This step establishes a secure, user-controlled account on the platform.

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2. Terms of Service Acceptance

• After account creation, the user is prompted to review and accept the platform’s Terms of Service (ToS).

• Acceptance of ToS is mandatory before proceeding to identity verification.

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3. Identity Verification (KYC/KYB)

For Individuals (KYC):

• Once ToS is accepted, the user is redirected to complete the KYC (Know Your Customer) process.

• The KYC process involves submitting personal identification and required documents.

For Businesses (KYB):

• After ToS acceptance, the business representative is redirected to complete the KYB (Know Your Business) process.

• The KYB process involves submitting business information and collecting KYC for all Ultimate Beneficial Owners (UBOs).

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4. Completion and Success

• Upon successful KYC/KYB approval, the user is redirected to a success page.

• If rejected, the user is notified and cannot access platform services.

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User statuses

Status	Description	User Type	User Next Steps	Developer Next Steps
created	Account has been created.	All users	User should accept ToS	Redirect user to platform with REGISTER
tos_accepted	User has accepted the Terms of Service.	All users	User should proceed to KYC/KYB verification	Redirect user to platform with REGISTER
kyc_not_started	Identity verification not yet begun.	All users	User should proceed to KYC/KYB verification	Redirect user to platform with REGISTER
kyc_incomplete	Identity verification started but not finished.	All users	User should restart the KYC/KYB verification	Redirect user to platform with REGISTER
kyc_awaiting_ubo	Awaiting KYC completion for all Ultimate Beneficial Owners (UBOs).	Business	User should complete KYC for UBOs,	No action needed, user will receive an email to complete the flow
kyc_awaiting_questionnaire	Awaiting user to fill additional information	Individual	User should provide more data	Redirect user to platform with PROVIDE_USER_DATA
kyc_under_review	Submitted information is under manual review.	All users	User is waiting for approval	No action needed
kyc_approved	Identity verification approved; user can access the platform.	All users	User account is finished and user is ready to use the platform	No action needed
kyc_rejected	Identity verification rejected; user cannot proceed.	All users	User should restart the KYC/KYB verification	Redirect user to platform with REGISTER
unknown	Status is unknown or not set.	All users	User should restart the KYC/KYB verification	Redirect user to platform with REGISTER

Flow Diagrams

Individual User (KYC) Flow

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Business User (KYB) Flow

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Notes

• The KYC/KYB process is mandatory for all users and businesses.

• Users must complete each step in sequence; skipping steps is not permitted.

• If the KYC/KYB process is rejected, users may be provided with reasons and, if allowed, an opportunity to re-apply.