Currently, Swan clients can open entity accounts registered in the US.
If you want to learn more about business accounts or talk to our team, you can reach out here.
The following stipulations may also apply.
- Customers residing in locations where Bakkt does not hold the appropriate license to operate are prohibited from using the service.
- Customers or Beneficial Owners designated on an OFAC sanctions list or who are in an OFAC-sanctioned country are also restricted unless an appropriate OFAC license has been obtained.
- Additionally, customers that the AML Officer otherwise determines pose unacceptable money laundering or sanctions risks will not be allowed to participate.
- Individuals or entities associated with blacklisted digital asset addresses are likewise excluded from services.
- Correspondent accounts for foreign shell banks are not permitted.
- Shell companies, unlicensed banks, and illegal money services businesses are also prohibited from engaging with Bakkt.
- Entities that issue bearer shares cannot use the platform.
- Unregulated foreign financial institutions that are in breach of applicable laws and/or regulations are restricted as well.
- Section 311 Specially Designated Banks are not allowed to operate through Bakkt.
- Finally, marijuana-related businesses are also excluded from participation.