Investor Onboarding

The TBILL Vault is a permissioned protocol, which means that an Investor has to meet specific criteria before the Investor is eligible to hold TBILL tokens issued by the Fund. The TBILL Vault is currently only available to “Professional Investors” as defined under the British Virgin Islands’s Securities and Investment Business Act 2010 (“SIBA”) and to U.S. “Accredited Investors” within the meaning of Rule 501(a) of Regulation D promulgated under the Securities Act.

Participation in OpenEden’s TBILL Vault requires submission of KYC information and signing of Fund documents to onboard as an Investor which should take approximately 15-20mins. The compliance team will then perform KYC and KYT checks before a decision is made on whether to whitelist the Investor’s wallet address on-chain via Etherscan.

High-level process:

  1. Potential Investor kickstarts onboarding through the onboarding link.

  2. Compliance team performs KYC checks based on documents provided.

  3. Compliance team performs KYT checks based on wallet address provided.

  4. If KYC and KYT checks are successful, compliance team whitelists the Investor's wallet address on-chain.

  5. Email gets sent out to Investors who have successfully cleared KYC informing them they are able to perform their first Subscription.

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