Structured KYC to support rapid growth

Problem:

Standard Custody, a regulated custodial crypto wallet provider, was preparing to scale its B2B and accredited investor onboarding. However, the company lacked a structured KYC process that could both meet regulatory expectations and support operational growth. Without standardized documentation, clear customer risk ratings, or defined review procedures, client assessments were inconsistent and time-consuming, increasing regulatory risk and slowing onboarding timelines at a critical growth stage.

Solution:

Canaria partnered with Standard Custody to design and implement a tailored KYC framework that aligned with both its regulatory obligations and business expansion goals.

Our work included:

• •Creating standardized KYC forms and review templates
• •Designing a customizable Customer Risk Rating (CRR) model
• •Drafting and implementing comprehensive KYC procedures
• •Completing KYC profiles and CRRs for each client
• •Conducting ongoing due diligence reviews
• •Providing structured KYC reporting for internal use and regulatory examinations

The new framework brought structure, consistency, and defensibility to Standard Custody's onboarding and review processes, enabling the compliance team to manage growth without compromising quality or oversight.

Results:

With the new KYC framework in place, Standard Custody achieved consistency and transparency across all client onboarding activities. Risk ratings were applied uniformly across customers, and compliance decisions were fully traceable and auditable. The structured documentation and defined workflows strengthened the company's regulatory posture while improving efficiency. As a result, the compliance team can now scale operations with confidence, maintaining rigor and accountability while keeping pace with business demand.