VERITAS

FINRA Regulatory Briefing

VERITAS is a compliance infrastructure layer for businesses using digital assets for payroll, vendor payments and real world assets. It focuses on verification, logging and reporting, while avoiding activities that would classify it as a broker dealer or investment adviser.

Informational briefing draft Non binding, subject to counsel review

Executive Positioning

VERITAS is designed to help lawful businesses use digital assets in a way that fits into existing regulatory expectations rather than attempting to bypass them. The protocol does not solicit investors, does not match buyers and sellers, does not provide investment recommendations and does not handle customer funds. Instead, it provides a standardized framework for identity, source of funds visibility and audit grade reporting across wallets and entities.

Infrastructure only Non custodial Enterprise grade recordkeeping

What VERITAS Is and Is Not

The goal is to clearly separate VERITAS from activities that require broker dealer registration or similar status, while emphasizing how it supports transparency and investor protection at the infrastructure layer.

VERITAS DOES VERITAS DOES NOT
Provide standardized identity and entity verification rails for businesses and employees. Act as an intermediary for securities or crypto asset trades.
Log payments, payroll events and RWA transactions in immutable PDAs for audit. Custody or pool customer assets or hold private keys.
Surface risk flags and compliance states as data to the business. Guarantee returns, structure investment products or promote token speculation.
Support compliant real world use cases like payroll, invoicing and credit management. Operate an exchange, marketplace or order book for customers.
Provide a verifiable trail aligned with books and records expectations. Provide personalized investment advice or recommendations.

Alignment with Investor Protection Goals

Although VERITAS does not intermediate securities, it is designed so that regulated firms can use it as an additional layer of discipline around digital asset flows.

Transparency Every payment and credit event can be mapped to a verified entity, a wallet and a timestamp, making after the fact investigations and supervision easier.
Segregation of Roles VERITAS focuses on attestation and logging, leaving custody, advice and execution to properly licensed institutions where required.
Audit Trail The protocol treats every action as evidence that can be reconciled with traditional accounting systems and regulatory reporting structures.

Risk and Supervision Model

VERITAS can be integrated into a firm’s existing compliance program without replacing supervisory responsibilities. The system surfaces structured data that compliance teams can monitor, rather than making decisions for them.

For broker dealer partners
Use VERITAS to obtain structured visibility into wallets, payments and RWA collateral that relate to client accounts, while maintaining your own supervisory procedures.
For compliance teams
Treat VERITAS as a telemetry and evidence layer. Internal policies still control suitability, product approval, communications and conduct standards.

Requested Outcome

VERITAS seeks a dialogue and non binding comfort that providing identity verification, audit logging and reporting rails for digital asset business activity, without custody, execution or advice, can be operated without broker dealer registration, recognizing that individual integrations may require separate review.

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