KYB review for stablecoin and crypto platforms

Sweat AI is an AI-native BPO for banks and fintechs. For stablecoin and crypto platforms, we start with business onboarding and fraud reviews. We review your business customers 24/7, gather the evidence your partner banks and providers ask for, and hand each case back with a recommendation and one list of what is still needed. You, and your partners, decide.

Why onboarding is harder for stablecoin and crypto platforms

A stablecoin or crypto platform usually answers to more than its own policy. Its business customers must satisfy the platform's program, and often a partner bank's, a payments provider's or an issuer's as well. Each partner has its own requirements, forms and review. A business that is ready for one may not be ready for the next.

The regulatory floor is also rising. The GENIUS Act, signed on July 18, 2025, provides that "a permitted payment stablecoin issuer shall be treated as a financial institution for purposes of the Bank Secrecy Act", subject to all federal laws applicable to US financial institutions "relating to economic sanctions, prevention of money laundering, customer identification, and due diligence" (Public Law 119-27). The Act takes effect on the earlier of 18 months after enactment or 120 days after the regulators issue final implementing rules. Banks that work with platforms, for their part, remain responsible for activities performed through third parties "to the same extent as if its activities were performed by the banking organization in-house" (Interagency Guidance, 2023). Expect partners to ask detailed questions, and to ask them again at review time.

How these rules apply to your platform is a question for your counsel. What we can do is make the evidence behind each business customer complete, current and easy to show.

What we review

The business, its owners and its activity

• Entity verification in the business's jurisdiction, including registry status, registered and trading addresses, and formation date against claimed history.
• Ownership traced through holding companies and across jurisdictions to the individuals at the top, with indirect percentages shown.
• Directors and control persons, and whether they match the application.
• Screening of the entity, owners and principals, with potential matches resolved.
• What the business actually does: its products, customers, geographies and flows of funds, from its website, filings and public footprint.
• Licenses or registrations the business claims, checked against the issuing regulator's public register where one exists.

Funds flows and intended activity

Partners want to know how money will move: where it comes from, where it goes, in which currencies and assets, and at what volume. We compare the business's stated intended activity with its business model and public record and flag anything that does not fit. Where the business must describe its own flows, we draft precise questions for it to answer.

Documents

Formation documents, ownership registers, licenses, policies and financial statements are checked for entity match, date and completeness. We record what each one can establish. A compliance policy, for example, shows what the business says it will do; it does not establish any fact about the business.

One evidence profile, many partners

The work that repeats is the waste. A business that has already proved its ownership to one partner should not have to start again for the next.

We keep one evidence profile per business, with each fact carrying its source, capture date and limits. When the business needs a new partner, we reuse the evidence that is still valid, map it to that partner's requirements and ask only for what is missing. Reuse keeps provenance; it does not make old evidence current, so anything past your freshness window is refreshed.

Sweat AI's Check product can read a published evidence packet against a named provider's onboarding requirements and mark each one satisfied, partial, missing or discrepant, with the evidence behind it and the one thing to ask for next (Check contract). That is an evidence assessment. It submits nothing and implies no affiliation with or approval by the provider. For standalone investigations, see business investigations.

Readiness is not activation

We keep three states separate, and so should everyone who reports on onboarding:

1. Research completed. We have investigated the business and published what we found, including any unresolved requirements.
2. Submission ready. The evidence a specific partner requires has been gathered and mapped, and the remaining items are listed.
3. Partner activated. The partner has made its decision or enabled the service.

Only the partner can move a business to the third state. A requirement we have not evaluated is neither satisfied nor failed. We never describe readiness as approval, and we never contact a partner or submit an application without your authorization.

What you get back

For each business: the evidence packet, a recommended disposition for your own decision, a per-partner view of which requirements the evidence supports, and one consolidated request for everything still needed from the business, with the reason for each item and what would satisfy it. See the illustrative sample KYB review.

Coverage around the clock

Your applicants are in every time zone and your partners' review windows are not. We work 24/7, so the queue is done when your team logs in, and urgent findings go to your escalation contact immediately; see 24/7 onboarding review. After onboarding, the same team can work monitoring and fraud alerts; see fraud and alert review.

What stays with you

Accepting a business, the terms you offer it, what you submit to partners and any reporting obligations are yours. Partner decisions are the partner's. We prepare the evidence and the recommendation.

Talk to us

Tell us which partners your business customers need to satisfy and where applications stall. We will show you how we would work your next batch. For what specific providers publish about their business onboarding requirements, see our guides to Bridge KYB requirements and Stripe Connect KYB requirements.