VeriVault
Verification & Withdrawal Authorization
Digital Asset Recovery Administration, Safeguarding, Verification and Authorized Settlement Infrastructure
VeriVault is the Crypto Recovery Account Platform’s structured verification, eligibility and withdrawal-authorization framework. It evaluates whether supported deposited or recorded assets have satisfied the identity, ownership or lawful-authority, transaction, provenance, security, destination, risk, legal and other applicable requirements necessary for withdrawal eligibility. Completion of verification does not automatically guarantee authorization. A specific withdrawal must receive the applicable VeriVault approval before settlement proceeds.
Withdrawal Approval Issuer
Within the implemented withdrawal process, VeriVault may function as the Withdrawal Approval Issuer by providing or recording the platform authorization decision required before an otherwise eligible asset enters authorized settlement processing.
A received or recorded digital asset is not automatically eligible for withdrawal. Applicable VeriVault verification and eligibility requirements must be completed, and the specific withdrawal request must receive the required authorization before settlement can proceed.
Review responsibilities
Depending on the documented requirements applicable to a case, review may include identity validation, document review, ownership or lawful-authority review, asset and transaction validation, provenance, risk, security, destination compatibility, legal considerations, escalation and eligibility determination.
Applicable legal and eligibility review associated with withdrawal authorization is coordinated through the VeriVault review framework, together with the appropriately authorized legal, compliance, security, administrative or specialist reviewers assigned to the case. This internal review and authorization is not government or regulatory approval unless an identified authority has independently issued and substantiated that approval.
Authorization is not settlement
- 01Eligibility
- 02Authorization
- 03Processing
- 04Submission/Broadcast
- 05Confirmation
- 06Settlement
VeriVault Approved records the required platform authorization decision. Settlement Completed is reserved for a successfully completed transaction.
Status language
- VeriVault Verification Pending
- VeriVault Review in Progress
- Additional Information Required
- Eligibility Assessment
- Legal Review in Progress
- Destination Review Pending
- Restricted
- Eligible
- VeriVault Authorization Pending
- VeriVault Approved
- VeriVault Rejected
- Settlement Authorized
Complete disclosure
Crypto Recovery Account Platform
Review the complete platform purpose, operating lifecycle, VeriVault framework, restrictions, safeguards and service limitations.