Currently, Swan clients can open entity accounts with a minimum purchase of $500,000.
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.