Off-Chain Procedures

KYC/AML Checks

Lendscape implements rigorous Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures:

1. Identity Verification:

   • Submission of government-issued ID

   • Proof of address (utility bill, bank statement)

   • Facial recognition check

2. Background Checks:

   • Screening against global sanctions lists

   • Politically Exposed Person (PEP) checks

3. Source of Funds:

   • Declaration of fund sources

   • Verification of income or asset ownership

4. Risk Profiling:

   • Assessment of borrower's risk level

   • Determination of appropriate loan limits

Deal Structuring and Legal Documentation

The platform assists borrowers in structuring their deals and preparing necessary legal documentation:

1. Loan Agreement:

   • Detailed terms and conditions

   • Repayment schedule

   • Collateral specifications

   • Default clauses and consequences

2. Collateral Agreement:

   • Description of the tokenized RWA

   • Terms of collateral transfer and storage

   • Conditions for collateral release or liquidation

3. Legal Review:

   • Platform's legal team reviews all documents

   • Ensures compliance with relevant jurisdictions

4. Digital Signing:

   • Secure electronic signature process

   • Timestamp and blockchain record of agreement

5. SPV Creation (if applicable):

   • For complex RWAs, creation of Special Purpose Vehicle

   • Legal documentation for SPV structure and ownership

By following these comprehensive procedures, Lendscape ensures a secure, compliant, and transparent borrowing process for all participants