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Coinbase Institutional Onboarding Requirements for Limited Partnership

Thank you for choosing Coinbase. We're excited to welcome you to the platform! 

Coinbase is committed to maintaining comprehensive and risk-based Customer Due Diligence policies and procedures. To this aim we require certain information and documentation to be submitted for review. We appreciate your cooperation and understanding in this process.

For your convenience, we’ve included a list of required documentation below. Please do note that during the application process, you may be required to provide additional documentation depending on your answers to certain questions. Our analysts may also reach out for further clarification and/or documentation following their initial review.

Required Documentation for Limited Partnership Onboarding

Applicable for Pooled Investment Funds (Hedge Funds, Private Equity, Venture Capital, etc.)

In the first section of the application, you may need to select your preferred Coinbase Contracting entity/entities. Entity selection related to the Trading Account will drive available fiat wallet and trading pair access, or other regulatory or jurisdictional factors (see full details). Entity selection related to the Custody Account will drive key generation and storage locations, local administrative support, or other regulatory or jurisdictional factors (see full details).

Additionally, you’ll be asked to upload one of the following forms of government-issued ID:

  • Passport (both photo and signature pages)
  • Passport Card (US and EU only)
  • EU National Identity Card
  • Identity Card (Singapore)
  • Driver’s License (both front and back; non-German accounts only) 
  • US Military IDs (only if if the address on the ID matches the address on the application)

Required Documentation

Coinbase Inc, and Trust Co.

Coinbase International

Source of Funds Documentation (Dated within the last 3 months)

This document shows how the applying entity is initially funding the Coinbase account. This can include a bank, brokerage, or crypto statement that is dated within the last 3 months. It could be from the fund administrator or fund/investment manager. Other alternative documents can be capital commitment letters, subscription agreement, statement of Partner’s capital, and management attestation of assets and liabilities. 

Required

Required

Partnership Agreement

This is a legal document that outlines the management structure of a partnership and the rights, duties, ownership interests, and profit shares of the partners.

If the Fund is a limited company, provide Memorandum and Articles of Association + Certificate of Incorporation (or equivalent).

Required Required

Tax Document (W8 or W9)

Required

Required for Coinbase Singapore only

Proof of Trading Address (Only if bank statement doesn't have Trading Address; must be dated within the last 3 months)

This can be a copy of your bank statement with your trading address, or a phone or utility bill, tax document, or a copy of the lease. It must be dated within the last three months, include the entity’s legal name, show the operating address, and be on the letterhead of the service provider.

N/A

Required

Offering Memorandum, Private Placement Memorandum, or Investor Agreement

This is the key document that lists all of the information relating to the fund.

As Applicable

As Applicable

Required Documentation

Coinbase Inc. and Trust Co.

Coinbase International

Identification of the Authorized Applicant

This is a person who is authorized to complete and submit the application on behalf of the applying entity.

ID Required

ID and Proof of Address Required

Identification of all Control Person(s) / Authorized Signatories (minimum of one)

Control Persons are individuals with significant responsibility to control, manage, or direct affairs of the company/entity, such as a CEO, President, Head of Treasury, General Partner, or any other individual who regularly performs similar functions.

ID Required

ID and Proof of Address required

Identification of all Beneficial Owners or Limited Partners

ID Required

ID and Proof of Address Required

Identification of Authorized Representatives

Individuals who have a high level of influence within the company/entity and are able to make decisions on behalf of the company/entity, such as senior management, directors, or shareholders. This individual is listed in the application and is authorized to enter into contractual agreement on behalf of the entity.

ID Required

ID Required

Authorized Representative List (See Template in Appendix A)

This authorizes individuals to act on behalf of the company in relation to the Coinbase account and must be signed by a Control Person.

Required

Required

Other Required Information

If you’re applying for the Prime or Custody product, you’ll need to fill out Authorized Users and Permissions information in the “Add Team Members” section of the application, as well as provide the Authorized User List.

Required Documentation Coinbase Inc. and Trust Co. Coinbase International

Add Authorized Users and Assign Roles

Authorized Users are individuals who will need access to the product; their assigned roles determine their level of access. View Prime roles here and Custody roles here.

Required

Required

Identification, Date of Birth, and Residential Address of Authorized Users 

Required

Required

Yubikey Information

Each Authorized User needs their own Yubikey to log in. If Authorized Users request a Yubikey in the application, they need to select a Yubikey Type and enter a shipping address and phone number.

Required

Required

Video Call Approval

For security purposes, certain actions require a video call for Coinbase to process the change, and only Authorized Users who select “Yes” to “Can approve video calls” in the application can appear on the call. 

Required

Required

Required to sign off on Authorized Users Updates

If users need to be added, removed, or modified, the updates must be signed off by Authorized Users who selected “Yes” to “Required to sign off on Authorized Users Updates” in the application.

Required

Required

Required Documentation Coinbase Inc. and Trust Co. Coinbase International

Authorized Users List (AUL)

Our team will reach out for you to review and sign the AUL, which contains the Authorized-User information provided during onboarding. You can also add more Authorized Users who were not entered in the application at this time.

Required

Required

Anti-Money Laundering (AML) Attestation Letter

Our team will reach out for you to provide an AML attestation letter or AML comfort letter from the entity’s AML service provider/fund administrator. 

Required

Required

Post-Identification Verification for 

  • Applicant

  • Control Persons

  • Authorized Representatives

Our team will reach out for you to complete Post-Identification, an identification requirement for all German clients.

N/A

Required for Coinbase Germany only

Appendix A: Authorized Representatives List Template

Part of our responsibility to our clients is to ensure that accounts are being opened by the appropriate person. The Authorized Representatives List requires sign-off from a control person and contains the names of the people authorized to act on the behalf of the entity, as well as the individual who has authority to apply for a Coinbase account on behalf of your entity. Some of this information has already been provided, but we require a single document stating which individuals have express permission from a control person to act on behalf of the company. Download a PDF of the instructions and template here

Following are the different roles that need to be listed on the form. Please note that each person’s job title/position must be included on the form and a color copy of their government-issued photo ID must be included (if not already provided during the application process). 

  • Control Person: This person has significant responsibility to control, manage, or direct affairs of the company/entity, such as a CEO, President, Head of Treasury, General Partner, or any other individual who regularly performs similar functions. Note: This person is required to sign and date the Authorized Representatives List.

  • Authorized Applicant: This person has been authorized to open an account on behalf of the company/entity and will sign the Coinbase contract and user agreement. 

  • Authorized Representative(s): This includes individuals who have a high level of influence within the company/entity and are able to make decisions on behalf of the company/entity, such as senior management, directors, or shareholders. This individual is listed in the application and is authorized to enter into contractual agreement on behalf of the entity. 

The following are acceptable forms of government-issued photo IDs:

  • Passport (both photo and signature pages)
  • Passport Card (US and EU only)
  • EU National Identity Card
  • Identity Card (Singapore)
  • Driver’s License (both front and back; non-German accounts only) 
  • US Military IDs (only if if the address on the ID matches the address on the application)

Authorized Representatives List 

Legal Entity Name:
To: Coinbase

I, ______________________________ (Insert Control Person’s Name, job title), attest to ______________________________ (Insert Authorized Applicant’s name, job title) as having the ability to sign and enter into account opening agreements on behalf of ______________________________ (Insert entity name) with Coinbase. If not already provided during the application process, please find attached a color copy of their government issued photo ID.

I,  ______________________________ (Insert Control Person’s Name, Job title), attest that the individuals listed below are Authorized Representatives of  ______________________________ (Insert entity name) and are authorized to enter into agreements on behalf of  ______________________________ (Insert entity name).  If not already provided during the application process, please find attached a color copy of their government issued photo ID.

Authorized Representatives Table

Name Title/Position
                                                                                                                                                   
   
   
   
   
   
   

Thank you,

_____________________________________
Signature of Control Person

_____________________________________
Print Name of Control Person 

_____________________________________
Control Person’s Title/Role in Company

_____________________________________
Date

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