This guide is specifically for Financial Institutions looking to open a Circle Mint account.

Circle Mint is designed for businesses and wholesale distributors that mint and redeem large volumes of USDC and EURC. It is not intended for individuals or small institutions.

If you are an individual or a smaller institution looking to access USDC, you can do so through our network of providers. Visit USDC.com to get started.

Checklist of required documents by financial institution type

1. Banks & Credit Unions

• Legal Entity Registration – Certificate of incorporation/formation, articles of association

• Regulatory License – Banking license or equivalent regulatory approval

• Ownership Structure – Shareholder registry or equivalent documentation

• Proof of Business Address – Utility bill, bank statement, or lease agreement (issued within the last 90 days)

• Authorized Representative Identification – Passport or government-issued ID

• AML Compliance Documents – Copy of Anti-Money Laundering (AML) policy

• Independent Audit Report - Independent audit completed on the AML Program 

• Recent Financial Statements – Audited or unaudited financial reports

• Beneficial Owners Identification (25%/ 10%) -  Passport or government-issued ID

🔹 Additional Requirement for Singapore: A notarized copy of the formation documents is required.

2. Payment Processors & Money Transmitters

• Legal Entity Registration – Certificate of formation, operating agreements

• Regulatory License – Payment services license or money transmitter license

• Proof of Business Address – Utility bill, lease agreement, or government-issued business license

• Ownership & Control Details – Shareholder registry or equivalent documentation

• AML Compliance Policies – Transaction monitoring policies and KYC procedures

• Independent Audit Report - Independent audit completed on the AML Program 

• Authorized Representative Identification – Passport or government-issued ID

• Beneficial Owners Identification (25%/ 10%) -  Passport or government-issued ID

🔹 Additional Requirement for Singapore & Bermuda: Registered office address must be provided if different from the physical address.

3. Cryptocurrency Custodians & Exchanges

• Legal Entity Registration – Certificate of incorporation/formation

• Regulatory Approvals – Virtual asset service provider (VASP) registration, if applicable

• Ownership & Control Details – Shareholder registry, governance details

• AML & Compliance Program – AML policy, transaction monitoring procedures

• Independent Audit Report - Independent audit completed on the AML Program 

• Proof of Business Address – Utility bill, lease agreement, or bank statement

• Authorized Representative Identification – Passport or government-issued ID

• Beneficial Owners Identification (25%/ 10%) -  Passport or government-issued ID

• Security & Risk Management – Documentation of cybersecurity measures

🔹 Additional Requirement for France: Entities operating in France must provide evidence of regulatory registration with the French financial authorities.

4. Brokerage Firms & OTC Trading Desks

• Legal Entity Registration – Certificate of incorporation, formation documents

• Regulatory License – Brokerage license, regulatory filings

• Ownership Structure – Shareholder registry

• AML & KYC Compliance – Policies covering client verification and transaction monitoring

• Independent Audit Report - Independent audit completed on the AML Program 

• Recent Financial Statements – Audited or unaudited financial reports

• Proof of Business Address – Utility bill, lease agreement, or bank statement

• Authorized Representative Identification – Passport or government-issued ID

• Beneficial Owners Identification (25%/ 10%) -  Passport or government-issued ID

🔹 Additional Requirement for Singapore & Bermuda: If Ultimate Beneficial Owners (UBOs) of 25%+ are not identified, all controllers must be verified.

5. Hedge Funds, Private Equity, & Venture Capital Firms

• Legal Entity Registration – Certificate of formation and governing agreements

• Fund Manager Details – Regulatory license (if applicable), organizational chart

• Investor Profile – Description of fund investors, including top 5 contributors (if applicable)

• Source of Funds Verification – Recent bank/brokerage statements

• AML & Compliance Program – AML policy, sanctions screening procedures

• Independent Audit Report - Independent audit completed on the AML Program 

• Authorized Representative Identification – Passport or government-issued ID

• Beneficial Owners Identification (25%/ 10%) -  Passport or government-issued ID

🔹 Additional Requirement for Singapore: For Singapore-based customers, top investors owning 25%+ equity must be verified and screened.

Why these documents are needed

Circle Mint follows strict compliance standards to ensure regulatory adherence and a secure onboarding process. The required documents serve the following purposes:

• Business Registration – Confirms your company’s legal existence.

• Regulatory Licenses – Verifies eligibility for financial institutions.

• Ownership Structure – Ensures compliance with Know Your Customer (KYC) policies.

• Proof of Address – Confirms your operational presence.

• AML Compliance & Independent Testing Report– Ensures adherence to international financial regulations and sound AML Program.

• Financial Statements – Supports validation of expected account activity.

Helpful tips for a smooth process

✅ Ensure all documents are clear, unredacted, and recently issued (where applicable).
✅ Double-check that company names and addresses match across all documents.
✅ Submit documents in PDF format to avoid delays.
✅ If additional approvals or clarifications are needed, our team will reach out promptly.

For further assistance, please submit a ticket to Customer Care.