See core product page here

Setup

In this guide, the Platform is setup to use the Onboarding API (Reliance) plus the Fund SDK.

Flow

In this example, the Platform is configured to have the converted USD be automatically transferred to the Platform's account. We'll also assume that the Platform is a CFD brokerage offering stablecoins as a funding mechanism. Summary of all involved participants:

Platform (participant_code: PLAT01)
End Customer (participant_code: CUST01)

Onboarding

Submit Customer

The Platform will use an external, non-Zero Hash KYC provider to perform proper verification of the Customer. After a successful verification, pass the results to Zero Hash via API. Example request - POST /participants/customers/new

{  
"first_name": "John",  
"last_name": "Smith",  
"email": "[email protected]",  
"phone_number": "9545551234",  
"address_one": "1 Main St.",  
"address_two": "Suite 1000",  
"city": "Chicago",  
"state": "IL",  
"zip": "12345",  
"country": "United States",  
"date_of_birth": "1985-09-02",  
"citizenship": "United States",  
"tax_id": "123456789",  
"risk_rating": "low",  
"kyc": "pass",  
"kyc_timestamp": 172600527850,  
"sanction_screening": "pass",  
"sanction_screening_timestamp": 1726005278060,  
"idv": "pass",  
"liveness_check": "pass",  
"signed_timestamp": 1726005278030,  
"metadata": {} 
}

Zero Hash will respond with a participant_code that uniquely identifies the customer

Fund

Retrieve Fund JWT token

In order to successfully invoke the Access Token, you'll need to supply a participant_code for the Customer (see full instructions here). Please note that this customer must be in an approved status for this call to succeed. Please note: the correct permission to pass here is fwc.

Invoke the Fund SDK

Here is where we take over - the front end experience is controlled completely by Zero Hash. See SDK guide for technical instructions.

Landing Page

The Landing Page is the first screen that the Customer will see. This screen displays the Zero Hash User Agreement, Privacy Policy, Regulatory Disclosures, and captures explicit consent for the terms of this product:

Product Introduction

This screen is an introduction to how the Fund experience will work:

Select an Asset and Network

Allow the customer to select an asset and network. Zero Hash supports all major stablecoins across 10+ networks:

Transaction Pending

After the customer selects the asset and network, they're then given the deposit instructions (rate, fees if applicable, and the deposit address). At this point, the customer should be navigating to their mobile phone or a different tab on their browser an external wallet (ie, Coinbase, Robinhood, Metamask, Phantom, etc.) and initiating a transfer from there to the address shown on the screenshot above:

Transaction Confirmed

After the blockchain transaction is confirmed on-chain, the front end will automatically transition to a confirmed state. The customer will be shown a receipt with important data points:

If the customer decides they want to deposit more, they can also move to the Deposit More Funds tab, which will show them instructions once again:

Success Case - Receive Webhook

Upon a successful deposit and immediate and automatic conversion to fiat, the Platform will receive a webhook:

{
  "participant_code": "CUST01",
  "fund_asset": "USDC",
  "rate": "1",
  "quoted_currency": "USD",
  "deposit_address": "0x3A45a60c635E6cD616B1C4510404Eba88116050C",
  "quantity": "500",
  "notional": "500",
  "fund_id": "5155f7c9-95cb-4556-ab89-c178943a7111",
  "fund_timestamp": 1550174574,
  "transaction_id": "a07407e8f98c21b037b4aa0cbc852b8489c5e122fcc3d4b33b7827d0605ad8ff",
  "account_label": "general",
  "success": true,
  "status_reason" : ""
}

Failure Cases - Receive Webhook

Platform not enabled

If the Platform discontinues their support for the Fund product, or otherwise no longer is configured to use the product, here is the webhook that the Platform will receive:

{
  "participant_code": "CUST01",
  "fund_asset": "USDC",
  "rate": "1",
  "quoted_currency": "USD",
  "deposit_address": "0x3A45a60c635E6cD616B1C4510404Eba88116050C",
  "quantity": "500",
  "notional": "500",
  "fund_id": "5155f7c9-95cb-4556-ab89-c178943a7111",
  "fund_timestamp": 1550174574,
  "transaction_id": "a07407e8f98c21b037b4aa0cbc852b8489c5e122fcc3d4b33b7827d0605ad8ff",
  "account_label": "general",
  "success": false,
  "status_reason" : "Your platform is no longer configured to use this product. The deposit has not been converted to fiat and the crypto has been credited to the customer's account"
}

Customer not approved

If the Customer has transitioned to a status other than approved (which could be as a result of a routine Zero Hash Compliance review) and they make a deposit, here is the webhook that the Platform will receive:

{
  "participant_code": "CUST01",
  "fund_asset": "USDC",
  "rate": "1",
  "quoted_currency": "USD",
  "deposit_address": "0x3A45a60c635E6cD616B1C4510404Eba88116050C",
  "quantity": "500",
  "notional": "500",
  "fund_id": "5155f7c9-95cb-4556-ab89-c178943a7111",
  "fund_timestamp": 1550174574,
  "transaction_id": "a07407e8f98c21b037b4aa0cbc852b8489c5e122fcc3d4b33b7827d0605ad8ff",
  "account_label": "general",
  "success": false,
  "status_reason" : "This participant is not in an approved state. The deposit has not been converted to fiat and the crypto has been credited to the customer's account"
}

Deposit above maximum

If a Customer deposits an amount above the maximum configured amount, here is the webhook that the Platform will receive:

{
  "participant_code": "CUST01",
  "fund_asset": "USDC",
  "rate": "1",
  "quoted_currency": "USD",
  "deposit_address": "0x3A45a60c635E6cD616B1C4510404Eba88116050C",
  "quantity": "500",
  "notional": "500",
  "fund_id": "5155f7c9-95cb-4556-ab89-c178943a7111",
  "fund_timestamp": 1550174574,
  "transaction_id": "a07407e8f98c21b037b4aa0cbc852b8489c5e122fcc3d4b33b7827d0605ad8ff",
  "account_label": "general",
  "success": false,
  "status_reason" : "deposit above maximum threshold. The deposit has not been converted to fiat and the crypto has been credited to the customer's account"
}

Deposit below minimum

If a Customer deposits an amount below the minimum configured amount, here is the webhook that the Platform will receive:

{
  "participant_code": "CUST01",
  "fund_asset": "USDC",
  "rate": "1",
  "quoted_currency": "USD",
  "deposit_address": "0x3A45a60c635E6cD616B1C4510404Eba88116050C",
  "quantity": "500",
  "notional": "500",
  "fund_id": "5155f7c9-95cb-4556-ab89-c178943a7111",
  "fund_timestamp": 1550174574,
  "transaction_id": "a07407e8f98c21b037b4aa0cbc852b8489c5e122fcc3d4b33b7827d0605ad8ff",
  "account_label": "general",
  "success": false,
  "status_reason" : "deposit below minimum threshold. The deposit has not been converted to fiat and the crypto has been credited to the customer's account"
}

Asset not supported

It's possible (albeit rare) that an asset is supported by the Fund product and is later removed. Here is the webhook that the Platform will receive in this scenario:

{
  "participant_code": "CUST01",
  "fund_asset": "USDC",
  "rate": "1",
  "quoted_currency": "USD",
  "deposit_address": "0x3A45a60c635E6cD616B1C4510404Eba88116050C",
  "quantity": "500",
  "notional": "500",
  "fund_id": "5155f7c9-95cb-4556-ab89-c178943a7111",
  "fund_timestamp": 1550174574,
  "transaction_id": "a07407e8f98c21b037b4aa0cbc852b8489c5e122fcc3d4b33b7827d0605ad8ff",
  "account_label": "general",
  "success": false,
  "status_reason" : "Asset not supported by this product. The deposit has not been converted to fiat and the crypto has been credited to the customer's account"
}

Stablecoin depegged

Historically, and rarely, stablecoins have become depegged from their reserve currency. In this event, Zero Hash will not be converting deposits into fiat. Here is the webhook that the Platform will receive in this scenario:

{
  "participant_code": "CUST01",
  "fund_asset": "USDC",
  "rate": "1",
  "quoted_currency": "USD",
  "deposit_address": "0x3A45a60c635E6cD616B1C4510404Eba88116050C",
  "quantity": "500",
  "notional": "500",
  "fund_id": "5155f7c9-95cb-4556-ab89-c178943a7111",
  "fund_timestamp": 1550174574,
  "transaction_id": "a07407e8f98c21b037b4aa0cbc852b8489c5e122fcc3d4b33b7827d0605ad8ff",
  "account_label": "general",
  "success": false,
  "status_reason" : "USDC conversions are currently halted. The deposit has not been converted to fiat and the crypto has been credited to the customer's account"
}

Query Fund Transactions

It may be helpful (or likely required) to display crypto or stablecoin deposits in the Transaction History (or like page) on your application. You can use the GET /fund/transactions endpoint to query all completed Fund events.

Customer Receives Email

Zero Hash is required to ensure that each Customer receives an email receipt for all transactions. Zero Hash will handle this and send an email in the following scenarios (same scenarios as webhooks):

Success
Failure - Platform not enabled
Failure - Customer not approved
Failure - Deposit above maximum
Failure - Deposit below minimum
Failure - Asset not supported
Failure - Stablecoin depegged