Beneficial Ownership FAQ
Who's considered a beneficial owner of my institution?
A beneficial owner refers to the natural person(s) who ultimately owns or exercises effective control over your institution. The word “ultimately” is important because, in some cases, a person indirectly associated with an institution may still be considered its beneficial owner through a chain of ownership or control. For example, the owner of an institution’s parent company could be deemed the institution’s beneficial owner, depending on the organizational structure between the institution and its parent.
Why does OKX need to know my institution’s ownership structure?
As part of our Know Your Business (KYB) obligations, regulators in the jurisdictions where we operate require us to collect information about your institution’s ownership structure, including intermediate owners, and identify the natural person(s) that ultimately owns and/or controls your institution.
What types of documents are acceptable to evidence my institution’s ownership structure?
The ownership structure documents should clearly show the ownership structure along with the full names and percentage ownership of each owner, including all intermediary owners.
What are intermediate owners (interlayer entities)?
Intermediate owners are entities that hold a significant stake in your institution’s ownership structure between the institution itself and the ultimate beneficial owner (UBO).
Please see the organizational chart below for an example of how to capture ownership through intermediary entities.
Learn more about the types of institutions that are supported by us here.