Licensing & Regulatory Compliance

It’s all about protecting the end user — you.

Committed to Compliance

At Altify, we consistently comply with and adapt to existing and evolving regulatory landscapes in the financial technology services industry. Compliance is a cornerstone of our business and it's complemented by our robust institutional-grade risk management and anti-money laundering protocols. Further information regarding the regulatory status of Altify is available here.

Partners & Licenses

Altify Crypto is an authorised Crypto Asset Services Provider (CASP) with license number 53289. Altify Capital is an authorised financial services provider (FSP) and CASP in the Republic of South Africa with license number 52727.

We are a registered Accountable Institution with the Financial Intelligence Centre of South Africa (FIC) and we support and implement FIC's anti-money laundering and counter terrorist financing measures and initiatives.

We utilise the advanced Sumsub AML and financial crime prevention platform in conjunction with a detailed Risk Management and Compliance Programme.

Assets custodied using Fireblock’s MPC (Multi-Party Computation) wallet infrastructure providing advanced security features designed to protect your digital assets from unauthorised access.

Compliance Services is our specialist external compliance partner. ICS is a registered compliance practice with the FSCA.

We’re supported and banked by Africa’s largest bank. Standard Bank facilitates our fiat currency payments.

We undergo periodic financial and proof of reserve audits. This approach ensures our users can place their trust in us and fosters greater transparency in the industry.

B2C2 serves as a leading cryptocurrency liquidity provider, offering deep liquidity pools and reliable trade execution.

Risk Management Committee

Our Risk Management Committee comprise of experienced financial professionals.

Dynamic and active risk management is an essential component of the business of a financial services provider.

Our Committee continuously identifies, assesses and monitors financial risks. This results in more agile and safer business practices enhancing the safety of your assets.

Financial Crime & Anti-Money Laundering

Altify implements a comprehensive Risk Management and Compliance Programme (RMCP), bolstered by the advanced financial monitoring technology supplied by Sumsub.

Our dedicated team of due diligence analysts meticulously carries out the RMCP, under the guidance of experienced senior management. This program is the result of a collaborative endeavor with our compliance partner, ICS, and undergoes regular evaluation to ensure its effectiveness.

We Were One of the First to Provide Proof of Reserves

We periodically work with an external auditor to independently verify that we custody assets with a perfect 1:1 backing. This approach ensures our users can place their trust in us and fosters greater transparency in the industry. To date, this transparency has only been matched by a few.

Download Report
Decorative visual indicating Proof of reserves

Asset Ownership & Segregation

We never take ownership of your assets. Your assets are held by us on your behalf, or with a professional custodial partner. In the unlikely event of insolvency, you retain ownership of your assets.

This approach not only separates client assets from our company's operational funds but also minimises the risk of unauthorised access.

Investors & Collaborators