Service Models
CheckSig Clear presents four distinct service models, each crafted to address diverse operational demands and client requirements. Offering varying levels of integration, control, and user experience, these models empower organizations to select the solution that best aligns with their specific requirements. From fully tailored frameworks to streamlined options, they provide the flexibility and scalability necessary for effective digital asset management.
White Label
This solution enables intermediaries to leverage a powerful platform while delivering services to their clients through their own branded front-end. It is ideal for organizations with a large, varied user base, allowing them to seamlessly integrate advanced digital asset management services while maintaining full control over client interactions and the user experience. The intermediary is responsible for managing customer engagement, branding, and the front-end interface, while the platform ensures secure, scalable, and efficient back-end operations. This model provides flexibility, allowing the intermediary to offer a fully customized solution that meets the unique needs of their clients while benefiting from robust technological support and infrastructure.
Ideal for: High transaction volume
Business Introduction
This solution is ideal for intermediaries with a limited client base who want to offer a straightforward service without complex technological integrations or regulatory obligations. The intermediary simply introduces clients to CheckSig, which handles account opening and platform access. This minimizes the intermediary’s operational burden while allowing them to focus on core activities. With client authorization, CheckSig can also share the client’s position, enabling the intermediary to integrate crypto assets into their reporting and maintain a full view of the client’s wealth allocation.
Ideal for: Low transaction volume or Piloting / Light Approach
Crypto Desk
This solution is designed for organizations managing high-net-worth and institutional clients who prefer an assisted order execution model (e.g., phone or email orders) with a high level of personalized support. In this model, the client directly contacts the intermediary’s banker to request transactions, such as buying or selling assets. The banker then processes and executes these orders using a proprietary CheckSig front end. The intermediary retains full responsibility for the client relationship, ensuring transactions align with the client’s instructions. This system enables efficient transaction management and reporting, providing a secure, streamlined service while allowing the intermediary to maintain complete control over the client’s portfolio.
Ideal for: Low transaction volume or Piloting / Light Approach
Embedded Crypto
In this model, CheckSig integrates directly into the intermediary’s front-end, offering the end user a seamless and consistent experience, even while operating with a different provider. Through the intermediary’s interface, the client accesses the CheckSig environment and can carry out transactions without additional steps after the initial login. The intermediary thus enhances its service offering without incurring operational burdens or regulatory responsibilities, while CheckSig independently manages operations, compliance, and the client relationship.
Ideal for: High transaction volume
Relationship & Contract
Operating model and Cost
Business model & channels
Tax & Compliance
| Services | White Label | Business Introduction | Crypto Desk | Embedded Crypto |
|---|---|---|---|---|
| Relationship & Contract | ||||
| Relationship with Client managed by | Your Bankers | CheckSig, and your Bankers upon Client consent | Your Bankers | CheckSig, and your Bankers upon Client consent |
| Contractual relationship | CheckSig <-> Bank for crypto tech&opsBank <-> Client for crypto services | CheckSig <-> Client for crypto servicesBank <-> CheckSig for Business Introduction | CheckSig <-> Bank for crypto tech&opsBank <-> Client for crypto services | CheckSig <-> Client for crypto servicesBank <-> CheckSig for embedding services |
| Operating model and Cost | ||||
| Integration with Bank's IT systems | Via API | Light integration via API or Secure File Transfer, upon Client consent | Light integration via API or Secure File Transfer | Light integration via API or Secure File Transfer |
| Activation time | 8-14 weeks | Instant | Instant | 8-14 weeks |
| Custody technical configuration defined by | Bank | CheckSig | Bank | CheckSig |
| Private key control | Shared (CheckSig + Bank)CheckSig | CheckSig | Shared (CheckSig + Bank)CheckSig | CheckSig |
| Choice of connected exchanges | Bank | CheckSig | Bank | CheckSig |
| Cost model | Pay as you goNo setup*, no fixed cost | Revenue sharingNo setup, no fixed cost | Pay as you goNo setup*, no fixed cost | Revenue sharingNo setup, no fixed cost |
| Business model & channels | ||||
| Choice of provided services defined by | Bank | CheckSig | Bank | CheckSig |
| Pricing to the end user defined by | Bank | CheckSig | Bank | CheckSig |
| Channels used by the Client | BankCheckSig white label | CheckSig | BankCheckSig white label | CheckSig, with UX/UI coordinated to the embedding environment |
| Tax & Compliance | ||||
| MiCAR license for the bank | Required | Not Required | Required | Not Required |
| AML and KYC performed by | Bank | CheckSig | Bank | CheckSig |
| Onchain forensics performed by | CheckSig, on behalf of the Bank | CheckSig | CheckSig, on behalf of the Bank | CheckSig |
| Tax calculation performed by | CheckSig, on behalf of the Bank | CheckSig | CheckSig, on behalf of the Bank | CheckSig |
| Tax withholding performed by | Bank (optional) | CheckSig | Bank (optional) | CheckSig |