Security & Control.
Plaitr is self-custodial by design. On-chain stablecoin balances sit in a Squads smart account owned by your business, signed by a Privy wallet your team controls. Fiat rails and virtual accounts are delivered by licensed payment partners.
Self-custody & key control
Your business's digital asset treasury (USDC) resides on-chain in a Squads smart account deployed directly on Solana. Key management and signing permissions are executed via Privy embedded wallets assigned to your team's authorized signers.
Because signature thresholds and access policies are enforced directly at the smart contract level, no transaction can be initiated, modified, or executed without explicit authorization from your team. Plaitr never holds, stores, or possesses private keys or digital assets.
Fiat rails & partner model
Fiat processing, multi-currency virtual bank accounts (USD, EUR, GBP, SGD, INR), local clearing networks (ACH, Wire, SEPA, Faster Payments, FAST, IMPS), FX conversion, and planned card issuance are facilitated through licensed partner institutions (such as Bridge and Align).
These partners operate under their own banking and money transmitter licenses in their respective jurisdictions. Partners process fiat transactions; they do not hold or custody your on-chain smart account balance.
Review our complete Partner Agreements for details on regulated service providers.
Business KYB & sanctions screening
Plaitr maintains rigorous software compliance controls before provisioning access to our platform:
- • Business-Only Onboarding: Plaitr exclusively onboards legal business entities. We do not provide consumer or individual retail accounts.
- • Didit Beneficial Ownership (UBO): We collect entity documentation and utilize Didit to identify and verify Ultimate Beneficial Owners (UBOs) owning 25% or more equity.
- • Sanctions & PEP Screening: Automated screening checks entities and key personnel against OFAC, UN, EU, UK OFSI, India (UAPA), and UAE sanctions databases.
- • Partner Verification of Record: Formal regulated KYB verification of record and fiat transaction monitoring are conducted by the respective licensed payment partner covering your corridor.
Self-custodial resilience
Because your digital assets sit in a self-custodial Squads smart account and your keys are controlled via Privy, your funds are cryptographically independent of Plaitr's operational infrastructure.
If Plaitr ceased operations tomorrow
Your Squads smart account remains live on-chain and your signing keys remain accessible through your team's Privy wallet. If Plaitr software ever became unavailable, your team could interact directly with the smart contract on Solana to withdraw or transfer funds without relying on our servers.
What Plaitr does NOT do
- • We do NOT hold, take custody of, or store customer funds or digital assets.
- • We do NOT store or control your private keys or multi-sig signing authority.
- • We are NOT a bank, Money Services Business (MSB), money transmitter, or card issuer.
- • We do NOT offer accounts to individual consumers (businesses only).
For official disclosures, review our Terms of Service.
Report a vulnerability
We take security disclosures seriously. If you discover a potential vulnerability or security concern, please report it immediately to compliance@plaitr.com or support@plaitr.com.
Need security documentation?
Schedule a conversation with our security and compliance team.
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