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Compliance & Risk Controls

iBnk operates two environments: Sandbox (testnet) and production (mainnet)​

To support safe adoption, we operate in two distinct modes:

  • Sandbox / Testnet: open access, no KYC, simulated liquidity, non-real assets
  • Mainnet / Production: restricted access, VSE-only settlement, regulated stablecoins

This ensures innovation happens safely, while real value movement is performed under strict compliance rules.

1. iBnk is a technology layer, not a financial service provider​

iBnk operates as a Composable Stablecoin FX Layer, offering technical orchestration for regulated stablecoins. We do not engage in any regulated financial activities, including:

  • No stablecoin issuance
  • No custody or holding of user assets
  • No FX dealing or remittance
  • No OTC services or market making
  • No merchant acquiring or payment processing
  • No consumer-facing financial products

iBnk functions purely as a non-custodial orchestration layer that provides path selection, compliance modules, and auditable settlement instructions.

2. Verified Settlement Endpoints (VSEs) must complete KYC/KYB​

iBnk only works with Verified Settlement Endpoints (VSEs) — entities or individuals who have completed the required identity and compliance checks.

VSE requirements:

  • Must pass KYC/KYB
  • Must use self-custodial or enterprise wallets
  • Can only settle regulated, fiat-backed stablecoins
  • Cannot custody client funds on behalf of others

Anyone — individuals, businesses, fintechs, wallets — can become a VSE, as long as they meet the compliance requirements.

3. iBnk does not set prices or provide FX execution​

iBnk is not a price-maker and does not conduct FX trades. All FX information comes from:

  • compliant on-chain oracles
  • publicly verifiable mint/redeem rules
  • regulated price references
  • executable settlement paths determined by logic, not discretion

iBnk's role is to compute and validate an executable path, not to offer conversion, spreads, or liquidity provision.

This maintains a clear regulatory boundary from FX dealing.

4. Settlement is fully non-custodial​

iBnk never receives, holds, or transfers any assets. All settlement occurs directly between:

  • the VSE's wallet
  • the enterprise user's wallet
  • the stablecoin issuer's mint/redeem mechanism

iBnk only generates settlement instructions, ensuring complete operational and regulatory separation from asset flow.

5. Only regulated fiat-backed stablecoins are supported​

iBnk exclusively supports stablecoins that meet:

  • full fiat reserves
  • regulated issuance frameworks
  • transparent mint/redeem rules
  • periodic audits
  • use of compliance-friendly blockchains

We do not support:

  • algorithmic stablecoins
  • unregulated or unaudited tokens
  • synthetic, fractional, or opaque reserves
  • high-risk or non-compliant chains

This guarantees the FX Layer operates within a safe, traceable, regulated environment.

6. API usage is not a financial service​

iBnk charges for:

  • computation
  • routing
  • orchestration
  • monitoring
  • audit logs

We never charge based on FX volume or spreads. There are:

  • no dealer fees
  • no remittance fees
  • no price-taking
  • no flow-dependent commissions

This preserves iBnk's status as a technology provider, not a regulated financial intermediary.