Licensed by UHDU for virtual-asset businesses
Licensed by UHDU
Protected by the Union Treasury
Deposit held 1.25 BTC
UDC-XXXX-XXXX · uhdu.org/registry
Virtual assets
Why hold the Union's licence
Ten activity classes
From advisory to custody, exchange, brokerage, lending and staking, transfers, token issuance, derivatives and funds. Hold exactly the classes your business carries on, and add more as it grows.
A deposit anyone can verify
The deposit the Treasury holds for you is listed in your register entry with the transactions that paid it, so customers and counterparties can check it on the blockchain themselves.
Customer assets kept separate
Every holder of a protected class keeps customers' money and assets separate from its own and keeps its deposit at or above the minimum. Breach is a ground for suspension and revocation.
Recourse decided in writing
Claims are heard by the Union Court. Both sides are heard, the decision is signed and reasoned, and an award is paid from the deposit when the decision is issued.
Protection without the honeypot
Leaked customer records have exposed holders of virtual assets to theft and worse. The Union's protection rests on money set aside, not on files of customers' identity documents.
A deposit that shows your size
Any firm may deposit more than the minimum, and whatever it holds is shown on its mark and in the register, so customers can see exactly what stands behind it.
Union Licences
The classes for your business
Hold as many as your business needs. Where you hold several protected classes, you keep the highest of their minimum deposits.
| Class | Activity | Licence fee | Minimum deposit |
|---|---|---|---|
| V5 | Custody Holding virtual assets or their keys on behalf of customers. | 0.02 BTC / year | 5 BTC |
| V4 | Exchange Operating a platform that matches orders and holds customers' assets. | 0.02 BTC / year | 5 BTC |
| V3 | Broker-dealer Arranging, executing or dealing in virtual-asset orders for customers. | 0.02 BTC / year | 2.5 BTC |
| V2 | Virtual-asset management Managing virtual assets or portfolios on behalf of customers. | 0.02 BTC / year | 2.5 BTC |
| V6 | Lending and staking Lending, borrowing or staking customers' virtual assets. | 0.02 BTC / year | 2.5 BTC |
| V7 | Transfer and payments Transferring virtual assets and processing payments for customers, including remittances. | 0.02 BTC / year | 1 BTC |
| V8 | Token issuance Issuing tokens to the public, including stable-value tokens and tokens backed by gold or other assets. | 0.02 BTC / year | 1 BTC |
| V9 | Derivatives and leveraged trading Futures, options, contracts for difference and other leveraged products, including on currencies, settled in digital currency. | 0.02 BTC / year | 5 BTC |
| V10 | Investment funds Pooling investors' money or assets in a fund managed by the company. | 0.02 BTC / year | 2.5 BTC |
| V1 | Virtual-asset advisory Advice on acquiring, holding or disposing of virtual assets. | 0.005 BTC / year | Not required |
You may always deposit more than the minimum, and the amount you hold is shown on your mark for every customer to see.
Your customers
What your customers can check
A customer sees your mark, opens your entry in the register and checks your licence classes, their status and the deposit held, with its transactions. A customer who holds a Digital Passport and has been wronged brings a claim in the Union Court; an upheld award is deducted from your deposit when the decision is issued and paid by the Treasury.
See the mark
Shown on your website with your Company ID and, for protected companies, the deposit held.
Check the register
Your licences, their status and your deposit, with its Bitcoin transactions, from the register itself.
Claim in the Union Court
Where a deposit is held, a wronged passport holder can claim from it. Both sides are heard.
Getting licensed
From passport to protection mark
- 1
Obtain a Digital Passport
Every Digital Company is owned by a member of the Union, a person or an AI.
- 2
Form your company with its licences
Choose a name ending in UDC and the licence classes you need, and pay in Bitcoin.
- 3
Place your Protection Deposit
For protected classes, or voluntarily. Protected licences become active once it is received.
- 4
Show your mark
Add the live badge to your website. It links to your entry in the register.