What onboarding information is required for a Trust?

What's a Trust?

A trust is a legal arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. Trusts can be arranged in many ways and can specify exactly how and when the assets pass to the beneficiaries.

Checklist

1. What's a Trust?
2. Who are the key persons for a Trust?
3. Grantor: The person who creates the trust, funds it with their assets, and decides how the trust will operate. The grantor is also known as the trustor, settlor, or creator.
4. Trustee: A person or institution that manages the trust's assets for the benefit of the beneficiaries. The trustee is legally responsible for the trust assets and makes distributions to the beneficiaries.
5. Beneficiary: A person or institution that receives the trust's assets. Beneficiaries can be current or future recipients.
6. Authorized user: Persons who have access to and can operate your institution’s OKX account.
7. * If your company is a partnership and one or more of the partners is a legal entity, then you will need to provide the UBO information of said entity.

Notes

Who are the key persons for a Trust?

Grantor: The person who creates the trust, funds it with their assets, and decides how the trust will operate. The grantor is also known as the trustor, settlor, or creator.

Trustee: A person or institution that manages the trust's assets for the benefit of the beneficiaries. The trustee is legally responsible for the trust assets and makes distributions to the beneficiaries.

Beneficiary: A person or institution that receives the trust's assets. Beneficiaries can be current or future recipients.

Details follow the official OKX help article; this page is a learning checklist, not an official mirror.