Last Updated: March 18, 2025
To open a business account at N3XT we require the following KYC documentation to verify your business and identity. Please note that during the application process, you may need to provide additional documentation based on your response. Our onboarding team may reach out for further clarification and/or documentation following their initial review.
The information below is not comprehensive, and we may modify or update it at any time by posting a revised version on our website.
N3XT Institutional Onboarding Requirements
Valid government-issued ID (e.g., passport, driver's license, identity card etc.) for a control person and all beneficial owners (individuals who own 25% or more of your business).
By law, we need to collect information about all control persons and beneficial owners. This includes collecting information such as name, date of birth, residential address, and social security number.
Business Tax ID/registration number (e.g., TIN, VAT, EIN, CP 575 Form, or equivalent for international companies).
Business Ownership Structure (shareholder registry, organizational chart, capitalization table, stock certificate or equivalent with ownership percentage listed). This document should include the following information: the legal entity name along with the full names and percentage of ownership of each owner.
Business formation documents (e.g., Operating Agreement, Articles of Incorporation, Partnership Agreement, Trust Agreement, Memorandum of Association, etc.)
A Certificate of Incumbency or Corporate Resolution This document should include the following information: legal entity name, date of resolution or certificate, names and titles of officers or directors authorized to open or manage a corporate bank account, and signatures of authorized officers or directors.
Supplementary documents required for a digital assets-related entity:
AML/CFT Policy
Copy of regulatory license (e.g., FinCEN, FCA, MAS, EMI, etc.)
Resume for AML Officer and contact information
Copy of most recent AML independent audit
List of tokes or coins that are traded
Insider Trading Policy
Coin Risk Assessment, Policy, and Procedures
Supplementary documents required for a shipping or cargo entity:
Shipping licenses and permits
Customs broker license (if applicable)
N3XT may require additional onboarding documentation depending on the complexity of your business. Institutional Onboarding Requirements for additional document verification (if applicable)
Supported Documents for Proof of Address of Ultimate Beneficial Owner (UBOs)
The address on the document must be a personal residential address. P.O. boxes, hotels, and business addresses are not acceptable. (Documents must be issued in the name beneficial owner and dated within the last 3 months)
Lease agreement
Payslip
Bank/Brokerage statement
Utility bill
Credit Card statement
Supported Documents for Source of Wealth for UBOs
(Documents must be issued in the name UBO and dated within the last 3 months)
Payslip
Dividends statement
Letter from employer confirming salary or signed employment contract
Bank/brokerage statement
Tax return statement
Proof of balance at exchange(s)
Latest audited financial statements
Sale of financial assets (stocks, bonds, collectives, crypto assets, company sales)
Sale of property contract
Grant of probate (with a copy of the will)
Supported Documents for Source of Funds of the Company
(Documents must be issued in the business name and dated within the last 3 months)
Bank/brokerage statement
Tax document
Proof of balance at exchange(s)
Audited financial statements
Note: Regulated financial institutions and publicly traded companies may be exempt from this requirement.
Supported Documents for Operating Address of the Company
(Documents must be issued in the name of the Company and dated within the last 3 months)
Office space lease agreement
Bank/brokerage statement
Utility bill
Government issued license
Document issued by a Government authority