Trust & compliance
Licensed partners today.Our own licenses next.
Trust in payments is earned in a specific order: controls first, partners of record second, licenses third. This page states exactly where Splash is on that path — nothing more, nothing less.
Splash is not yet a licensed money-services business. Today, licensed partners are the system of record for regulated activities; Splash operates the software and settlement layer between them.
Rent the license, then own it
The honest sequence for a new corridor: run on partners who already hold the licenses, prove volume and controls, then bring the licenses in-house. Who does what today:
| Partner | Role of record | Relationship |
|---|---|---|
| Coins.ph | Payout partner of record — BSP-licensed local disbursement in the Philippines | Partner rail |
| Hata Global | Labuan-regulated liquidity and FX venue for USD legs | Partner rail |
| BitGo | 2-of-3 key governance for operating assets | Custody governance |
| CoKeeps / Gambit | Client-asset custody options as corridor volume grows | Custody options |
The licensing path
- In process
Labuan FSA — money-broking application under preparation with counsel.
- Planned
BNM Money Services Business (Malaysia) and BSP registration (Philippines), sequenced by corridor demand.
Audit trail by construction
Every settlement produces a tamper-proof, Seal-encrypted audit record stored on Walrus and anchored on Sui, retained for seven years. Records are private by default; regulators and auditors can be granted visibility on authorization — decryption is a permissioned act, not a data request. This aligns with Sui's regulator-visible confidential-transfer direction: confidential to the public, verifiable to the people who are supposed to verify.
Controls that gate every payment
- Human approval
Every payment is prepared by 0xWal and released only by a human on the Action Queue — maker-checker, with dual approval above your threshold.
- Corridor gating
Corridors arm and pause under explicit controls; settlement halts on a peg deviation or compliance flag before any value moves.
- Partner custody
Licensed partners are the system of record for client funds, with 2-of-3 key governance on Splash-side controls.