Understand prior consent, full reserve backing, segregation, redemption, disclosure, reporting, capital and operational resilience.
Why this workstream matters
Stablecoin activity is not an ordinary VASP registration add-on. A registered VASP needs prior written consent, and the offering and subsequent services require a dedicated governance, reserve, technology, disclosure and reporting workstream.
What this guide covers
- Prior NBG consent
- 100% reserve backing
- Reserve composition and segregation
- Redemption and holder information
- Offering document, transparency and reporting
- Capital, operational risk and cybersecurity
How it connects to the application
Outputs must be consistent with the ownership structure, product and information flows, providers, business plan, staffing assumptions, policies and system behaviour. Any inconsistency should be resolved before filing or implementation.
Client inputs and dependencies
We confirm required founders, group records, product documentation, vendor information, system access, markets, transaction assumptions and responsible client personnel during scoping. The proposal separates adviser work, client responsibilities and third-party costs.