Yes, KYC is a requirement as we are recognized as a fully regulated entity with both the U.S. SEC and FINRA. The process will be similar to opening an account on a stock exchange platform.

FINRA:

Know Your Customer (2090): Every member shall use reasonable diligence, in regard to the opening and maintenance of every account, to know (and retain) the essential facts concerning every customer and concerning the authority of each person acting on behalf of such customer.

SEC:

Regulatory Notice Exhibit 2a: In this notice the SEC adopted the use of the modified FINRA rule set and did away with the NYSE Rule 405(1) and its related supplementary material and rule interpretation.

This may be different to what you are accustomed to in the Defi crypto space, but you will find that our adoption of the securities offering and adherence to the regulatory guidelines already set forth by these two regulatory bodies makes investing with Whimsy more transparent and secure. You really do own what you hold.