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Overview

Every account in Trace Finance is multi-currency: crypto support is always included, and you declare which fiat assets (like BRL) to enable when you create the account. For each fiat asset you also choose an account type, and that choice determines who holds the account and which compliance documents apply. There are two fiat account types:
  • Named accounts are held in the account owner’s name. Use NAMED for residents and NAMED_NON_RESIDENT for non-residents.
  • Virtual accounts are issued by Trace Finance. Use VIRTUAL.
The onboarding mechanics are the same for both. You create the account, upload documents, register beneficial owners for company accounts, submit for review, and retrieve funding instructions once each asset activates. What changes is the account type you request and the set of compliance documents you provide.

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Prerequisites

  • Valid authentication credentials.
  • Account owner details: legal name (or first and last name for an individual), tax ID, industry, and address.

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Steps

Pick the account type that matches how the funds will be held, then follow that journey end to end.

Open a named account

An account held in the owner’s name, with baseline plus segment-specific compliance.

Open a virtual account

A Trace Finance-issued account for your own treasury and intercompany flows.

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What happens next