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Atsign isn't accepting new investments

Atsign’s deadline was April 24, 2023

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Atsign

The future of data privacy and device security is here. And it's open-source!
P2P SaaS Women Founders Cybersecurity & Privacy Deep Tech IoT
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$163,889
Raised
174
Investors
Successfully funded and closed on April 24, 2023.
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Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Atsign, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Atsign Crowd SAFE Atsign Form C.pdf
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Hear from some of the 174 investors in Atsign


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Highlights


$10M+ raised
Company has previously raised over $10M in capital
Notable angel backing
Company is backed by a notable angel investor
  • Delivering simple, yet comprehensive security and privacy for all
  • $6B IoT security market targeted in 2023 expanding to $33.2B by 2030
  • $3.34M sales forecast in 2023 including 54 pipeline opportunities
  • IoT Security Foundation’s 2022 Champion award winner
  • $1M+ committed from off-platform angel investors for this round

Problem


We are solving two of the biggest challenges on the Internet:

The Internet, in its current state, is broken. Devices and organizations are constantly getting hacked. Consumer data is being collected and used for manipulation and profit. Traditional “solutions” add layer upon layer of inconveniences in an attempt to protect data and privacy. 

They don’t work.

Atsign is creating a world where the privacy and security of every person, organization, and device is both a right and a reality.



  • 41.6B IoT devices to be installed by 2025 (IDC) and they are under attack
  • 1.5 billion IoT attacks detected in the first half 2021 alone (Source: Kaspersky).

  • 77% increase in malware attacks on IoT/Connected Devices in the first half of 2022 (SonicWall).






Citations
  1. Joseph, J. Data Privacy Truly Matters to Your Customers. It’s Time to Make It a Core Business Value. 30 Aug. 2022, https://venturebeat.com/security/data-privacy-truly-matters-to-your-customers-its-time-to-make-it-a-core-business-value/. MAGNA Media Trials and Ketch

  2. 75% of Americans Very Concerned about Online Privacy, but Most Don’t Take Any Significant Action. 10 Feb. 2021, https://www.securitymagazine.com/articles/94560-of-americans-very-concerned-about-online-privacy-but-most-dont-take-any-significant-action.

  3. Department, S. R. App Tracking Transparency: Opt-in Rate of IOS Users 2022 | Statista. 16 Sept. 2022, https://www.statista.com/statistics/1234634/app-tracking-transparency-opt-in-rate-worldwide/.

Solution


We make it easy to
secure IoT...

Atsign’s award-winning, open-source technology platform enables IoT device manufactures, system integrators, and organizations to secure devices better than any other technology.

You can't hack what you can't see.
Until now, IoT devices have required static IP addresses, so administrators can configure administrative access to update and reconfigure them. These fixed IP addresses are a security weakness. Atsign technology provides full remote access to devices for administrators using private, dynamic IPs, with no external access. Hackers can’t hack what they can’t see.

Zero open ports
IoT devices typically have open ports (like an open door) to receive inbound communications. These “doors” are targets that hackers exploit to breach a device, steal its data, or turn the device into a weapon to get access to connected systems. Atsign technology allows for authorized parties to access a device without open ports, so even if a hacker finds the device, there’s no network attack surface to exploit.

End-to-end encryption
Often, data is stolen from the system(s) the device is connected to. Atsign technology encrypts data on the edge (on the protected device) in a way that’s only readable by the authorized recipient(s) for whom the data was encrypted. So, if a bad actor accesses it, the data is completely unreadable and therefore worthless to them.

Better IoT security at a lower cost.
The benefits of the Atsign technology go far beyond security. It requires less software and hardware thus saving up to 78% in total cost of ownership by reducing administration and energy consumption. Deployment time in many instances can shrink from months to minutes.

—

...and we make it easy to
respect people's privacy.

Our SDK makes it easy for developers and organizations to create cross-platform apps and experiences that offer:

Data Privacy
End-to-end encryption and peer-to-peer sharing keep data safe from prying eyes.

Data Control
Complete control over what to share, whom to share it with, and how long to share it belongs to individuals. Period.

New & Better Experiences
Build unique, imaginative apps that people love.

Product


Introducing
the atPlatform

The open-source future of
data privacy and device security.

Atsign has 38 patent pending claims for our technology, called the atPlatform. The open-source atPlatform has 6 components:

  • atProtocol™ - A new, open network protocol that provides for the secure exchange of information between known parties (atSigns).
  • atSign - Unique address for IoT devices, people and organizations used by the atProtocol.
  • atServer - A small, private datastore on the cloud (or self-hosted) for each atSign that stores private, encrypted data, notifies other atServers when data has changed and provides backup and synchronization of your data across all your devices. atServers never have access to your private data as they never have access to your private keys.
  • atDirectory - a service that stores the DNS location of each atServer for each atSign.
  • atClient SDK - An open-source software development kit that enables developers to quickly build custom apps and connect devices using all the components of the atPlatform. The atClient SDK is currently available supporting three languages (Dart/Flutter, Java, and C++) with additional packages coming.
  • atWidgets and atLibraries - Useful open-source application components to help developers speed the development of atPlatform apps.


Traction


Traction & validation across the IoT industry and developer community


Industry awards


Atsign was awarded the 2022 IoT Security Champion of the Year by the IoT Security Foundation.

The award is part of an ongoing range of activities of IoT Security Foundation (IoTSF), designed to raise awareness and propagate cybersecurity best practices throughout industry, shape the policy debate, encourage investment and influence security-minded purchasing.

Just Funded named Atsign as One of the Most Promising Developer Platform Startups


Very Good Ventures named Atsign as a top company using Flutter because of our Tools and SDK for developers.


Partnerships


We have partnered with several big names in the IoT industry, including connectivity providers, security experts and system integrators. 




atKrypto.io

Developer Traction


Atsign has gotten a tremendous amount of traction in the developer community.



Examples of applications built
with Atsign technology

atmospherePro
This open-source app makes real-time, peer-to-peer encrypted file transfer possible. No one but the intended recipient(s) will be able to see the content of the files you send whether it be text, images, video, or anything else.


atBuzz
atBuzz is a new contacts app (created by Renascence) that automatically keeps contact information up to date. You’ll always have the latest information for your contacts and will never have to update your friends, family, or business contacts when your contact information changes provided you want them to have it. You'll always have full control of who sees your data, what they see, and how long they get to see it.

Coming soon to Android and iOS

atKrypto
atKrypto is the world’s first distributed ledger technology running on smartphones, mobile, edge and IoT devices. 

Launching mid-2023


Wavi
Allows people to easily create very own, free personal weblet (small website) for their business, projects, hobbies or anything else they’d like in a Privacy-First environment. The creator can easily control what links, images, and text are visible and searchable online.


Customers


Case studies in Healthcare
& Telecommunications

Atsign technology offers benefits across a wide range of IoT applications and industries. In fact, it’s difficult to find scenarios and industries where it does not provide significant advantages. Below are two real-world examples of how partners are integrating Atsign technology to create solutions with remarkable benefits to their customers.

IoMT (Medical/Healthcare)

A medical company uses predictive algorithms to identify critical instability in patients via connected medical devices. These devices, used in ambulances and in homes, send data to servers located in hospitals where their algorithm identifies people in dire need of care and alerts the person’s care team.

Problem: Device connectivity setup was a long and laborious process because they had to assign static IP addresses to each remote device and manage the hospital's firewalls and VPN configurations for each device, to allow it to connect to the hospital’s network. This process was strictly governed which meant that it could take up to 9 months from start to finish.

Solution: Their atPlatform-based solution reduced implementation time to a matter of days because they can get secure connections from end-to-end without the need for static IP address or open ports. Thanks to the atPlatform, their devices and internal systems are virtually invisible to any bad actors and all their data is secure.

Additional Benefits for IoMT

In addition to improved implementation time, the atPlatform provides several additional benefits:

  • Privacy law compliance - Whether it be HIPPA, the Data Protection Act in the UK, or the GDPR in the EU.

  • OpEx Savings

  • CapEx Saving (both software and hardware)

Telecommunications

A telecommunications company was asked to provide solar powered WiFi connectivity throughout a large college campus.

Problem: The WiFi access points needed firewalls and VPNs to secure them and protect people’s data. These security layers added a variety of costs (software, hardware, power, and administrative) and increased the size of the access points (larger batteries and solar panels were required).

Solution: The atPlatform-powered solution encrypted data from end-to-end, eliminating the need for VPNs. It also removed the requirement for the hub to have a static IP address and open ports thus eliminating the need for a firewall. 

Removing the VPN and firewall from the hub lowered software and administration expenses. It also decreased power consumption, so the hubs could use smaller panels and have a smaller footprint.

Business model


Upfront & recurring revenue from IoT manufacturers

The Atsign business model includes both monetizing atSigns as well hosting atServers (SaaS).

Monetized products
  • atSign - Unique address for IoT devices, people and organizations used by the atProtocol.
  • atServer - A small, private datastore on the cloud (or self-hosted) for each atSign that stores private, encrypted data, notifies other atServers when data has changed, and provides backup and synchronization of your data across all your devices.

—
IoT Business Model

For IoT, device manufacturers and integrators are building the atPlatform into their solutions. We sell bulk atSigns and hosting services to these partners and/or their customers. For example, our technology is included in ZARIOT’s ZeroTrust solution.

The example below shows how this model works for IoT. (Note — the hosting fee for IoT devices, management atSigns, and their atServers are all annualized recurring revenue.)


IoT Devices

atSigns

atServers

Units

10,000

10,000

Up front ASP

$0.02

$0.00

Recurring ASP (annual)

$0

$24

Year 1 revenue

$200

$240,000

Year 2+ revenue

$0

$240,000++

—
Consumer and Enterprise
Business Models

We will utilize a similar revenue model for the eventual growth into the consumer and enterprise spaces.

Market


Opportunities across industries


IoT Market


Atsign is poised to capture a significant share of the rapidly growing IoT security market. The chart below shows the worldwide market will grow almost 5x in the next 7 years — $6.0B in 2023 to $33.2B in 2030 (source: Market Research Future). 


Additional Markets


We have had a tremendous amount of enthusiasm and engagement in our technology from a wide variety of industries, including:

  • Insurance

  • Telecommunications

  • Healthcare

  • Financial Services

  • Supply Chain Logistics

  • Consumer Apps

  • And more

Vision and strategy


Our vision is a
world where:

The privacy and security of every person, organization, and device is both a right and a reality.

There are IoT devices for everything, the only thing a person has to do to set it up is give it their atSign — then it's completely secure.

People don’t remember what it was like to:
- Fill in a form
- Receive spam
- Have a phone # or email address

—
A world where privacy and security is a reality for every person, organization, and thing by 2032.
—



Getting There


To make our vision a reality, we’re focusing on the $6B IoT security market first—and will move to secure the privacy of consumers and enterprise markets over time.

Funding


$11M raised to date

Over the past 2+ years we’ve raised $11M and are looking to grow our total to $14M with this current SAFE round. Here’s the math:

  • August, 2020 - $3M SAFE round
  • July 2021 - $11M Seed Round (with the $3M conversion from the SAFE round)

  • Q1, 2023 - $3M

    • Angel investors have committed to $1M 😇

    • Private investors have pledged $1M 💸

    • Our community (you) will round out the final $1M 🎉

Founders


Barbara Tallent
CEO and Co-Founder

With over 25 years of technical and marketing roles, Barbara’s leadership experience includes being the GM of the Z-Mail division of Network Computing Devices (acquired by Netmanage), the CEO of Boldfish (enterprise email marketing software, acquired by Siebel Systems), and Co-Founder of LiveBinders (an educational software company with over 1M registered users).

Colin Constable
CTO and Co-Founder

After starting his technical career at British Telecom, Colin switched to investment banking at Credit Suisse in NYC, focusing on the infrastructure of the bank, in particular electronic trading, networking, and information security. After helping Credit Suisse outsource networking, he moved to Silicon Valley as the Chief Enterprise Architect at Juniper Networks as they aggressively entered the Enterprise market. After six wonderful years at Juniper, Colin was asked to lead an innovation lab startup for Deutsche Bank in Palo Alto, which went from a small office for two people to a full custom design lab officially opened by the Deutsche Bank CEO in two years.

Kevin Nickels
CPO and Co-Founder

Kevin has a diverse background in technical and product marketing with a focus on disruptive innovations starting off as a research engineer at Tek Labs, then Chief Disruptor at Deutsche Bank Labs in Palo Alto. Kevin has led several successful start-ups including CEO of FatFractal, MD of M&A at BT in London, and CEO of Netmosphere (sold to Critical Path).


Our Team


We are a global team of Internet optimists living on five continents. (Looking to hire in Oceania and Antarctica if you know anyone!) We love our diverse mix of cultures and backgrounds. We are also an age-diverse company with everyone from baby boomers to interns still attending college, all working side-by-side.

Deal terms


Valuation cap

$35,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

20%

If a trigger event for Atsign occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$150

The smallest investment amount that Atsign is accepting.
Learn more

Maximum investment

$123,500

The largest investment amount that Atsign is accepting.
Learn more

Funding goal

$1.24M

The maximum amount the offering can raise is $1.24M.
Learn more

Deadline
Atsign needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

Nominee Lead

Chief Executive Officer of the Company (currently Barbara Tallent)

Will direct the Nominee on certain matters like voting, amendments and conversions affecting the security.
Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Atsign, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Atsign Crowd SAFE Atsign Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Atsign.
Invest
$500
Receive
  • Early access to 3rd party apps developed on the atPlatform
  • One free custom atSign ($100 value)
Invest
$1,000
Receive
  • All of the above, plus
  • Special thank you on social media (if you'd like)
Invest
$5,000
Receive
  • All the above, plus
  • Added to list of investors on website about page (optional)
  • Invitation to a group zoom call with our three founders
2 investors
Invest
$10,000
Receive
  • All of the above, plus
  • 1:1 30 minute Zoom with the founder of your choice (choose from our CEO, CTO or CPO)
  • Limited (1 left of 3)
1 investor
Invest
$25,000
Receive
  • All of the above, plus
  • 1:1 30 minute Zoom with the founder of your choice (choose from our CEO, CTO or CPO)
  • Seat on advisory board
  • Limited (2 left of 3)

About Atsign

Legal Name
Atsign, Inc.
Founded
Jun 2019
Form
Delaware Corporation
Employees
9
Website
atsign.com
Social Media
Headquarters
Google Map location of of Atsign
1900 Camden Ave., Suite 101 , San Jose, CA
Headquarters
1900 Camden Ave.,, Suite 101, San Jose, CA, United States 95124

Atsign Team
Everyone helping build Atsign, not limited to employees

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Barbara Tallent
CEO
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Kevin Nickels
CPO
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Colin Constable
CTO
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Flutter Developer
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Denise Daniels
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Software Developer
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Sarika Gautam
Software Developer
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Marketer
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Sitaram Kalluri
Software Developer
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Pavithra Kinni
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Nitesh Kumar
Software Developer
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Daria Margarit
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Tinashe Mawoyo
Solutions Engineer
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Growth Marketing
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Laurent Ohana
Advisor
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Muralidharan Padmanaban
Backend Developer
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Cynthia Peter
Developer Advocate
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Anthony Prakash
Go To Market
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Venkat Raju
Advisor
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Kim Santy
Partnerships & Innovation
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Sherrill Saxer
HR & Accounting
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Sachin Singh
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Gayathri Devi Srinivasan
Software Developer
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Purnima Venkata Subbu
Quality Analyst
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Noble Sullivan
Creative Content
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Chris Swan
Engineer
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Srie Teja
Software Developer
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Son Le Tho
Software Developer
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Rocky Tilney
Creative
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Tyler Trott
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Jeremy Tubongbanua
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Jagannadh Vanguri
Architect
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Don Witt
Advisor
40 more team members
Barbara Tallent
CEO
Kevin Nickels
CPO
Colin Constable
CTO
Jack Bradley
Financial Consultant
Kim Perdikou
Chairman
Henna Karna
Board Member
Hakeem Awbrey
Creative Strategy
Sarthak Bakre
Software Engineer
Gary Casey
Engineer
Xavier Chanthavong
Developer Experience Engineer
Curtly Critchlow
Flutter Developer
Denise Daniels
New Initiatives & Partnerships
Pritam Debnath
Software Developer
Sarika Gautam
Software Developer
Scott Hetherington
Marketer
Sitaram Kalluri
Software Developer
Pavithra Kinni
Quality Analyst
Nitesh Kumar
Software Developer
Daria Margarit
Product Designer
Tinashe Mawoyo
Solutions Engineer
Jen Monroe
Growth Marketing
Laurent Ohana
Advisor
Muralidharan Padmanaban
Backend Developer
Cynthia Peter
Developer Advocate
Anthony Prakash
Go To Market
Venkat Raju
Advisor
Kim Santy
Partnerships & Innovation
Sherrill Saxer
HR & Accounting
Sachin Singh
Software Developer
Gayathri Devi Srinivasan
Software Developer
Purnima Venkata Subbu
Quality Analyst
Noble Sullivan
Creative Content
Chris Swan
Engineer
Srie Teja
Software Developer
Son Le Tho
Software Developer
Rocky Tilney
Creative
Tyler Trott
Student Ambassador
Jeremy Tubongbanua
Software Engineer
Jagannadh Vanguri
Architect
Don Witt
Advisor

Press

The Atsign company delivers a ZERO attack surface protoco...
·
Oct 17, 2022

Colin Constable and Kevin Nickels, the two engineering Co-Founders of the Atsign company provide an overview of the tech...

Top companies using Flutter in 2022 [updated]
Verygood Verygood
·
Sep 19, 2022

Our team just came back from the first in-person Flutter conference since early 2020 at Flutter Vikings! We were so excit...

Gold Award for eSIM Innovation of the Year - ZARIOT
ZARIOT ZARIOT
·
Sep 6, 2022

ZARIOT is delighted to be announced the Gold Winner of the Future Digital Smart Cities & Innovation Award for eSIM Innova...

Is it finally time for a privacy-protecting data service?...
Stacey on IoT | Internet of Things news and analysis Stacey on IoT | Internet of Things news and analysis
·
Aug 9, 2022

In the wake of the Supreme Court's Dobbs decision, which eliminated the right to abortion granted by Roe v. Wade, lawmake...

Client Profile: Atsign ( formerly The @ Company)
James Governor's Monkchips
·
May 20, 2022

About Barbara Tallent, Kevin Nickels and Colin Constable founded The @ Company in 2019 with a big idea - to flip the curr...

Logo of Atsign

Atsign

Atsign successfully raised $163,889 from 174 investors on April 24, 2023
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LaMonte, Christopher, Maurice, regis, George Andrew, and 169 others invested. 22 Reviews
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By accessing the Site and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy. Please also see OpenDeal Broker’s Business Continuity Plan and Additional Risk Disclosures. All issuers offering securities under regulation crowdfunding as hosted by OpenDeal Portal LLC are listed on the All Companies Page. The inclusion or exclusion of an issuer on the Platform Page and/or Republic’s Homepage, which includes offerings conducted under regulation crowdfunding as well as other exemptions from registration, is not based upon any endorsement or recommendation by OpenDeal Inc, OpenDeal Portal LLC, or OpenDeal Broker LLC, nor any of their affiliates, officers, directors, agents, and employees. Rather, issuers of securities may, in their sole discretion, opt-out of being listed on the Platform Page and Homepage.

Investors should verify any issuer information they consider important before making an investment.

Investments in private companies are particularly risky and may result in total loss of invested capital. Past performance of a security or a company does not guarantee future results or returns. Only investors who understand the risks of early stage investment and who meet the Republic's investment criteria may invest.

Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC verify information provided by companies on this Site and makes no assurance as to the completeness or accuracy of any such information. Additional information about companies fundraising on the Site can be found by searching the EDGAR database, or the offering documentation located on the Site when the offering does not require an EDGAR filing.

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. Therefore, when you use the Services we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license, passport or other identifying documents.

Republic and its affiliates are not and do not operate or act as a bank. Certain banking services are provided by BitGo Trust Company, a South Dakota-chartered trust company and registered money services business. BitGo Trust Company is not an FDIC member. Digital (crypto) assets and investment products are not insured by the FDIC, may lose value, and are not deposits or other obligations of BitGo Trust Company and are not guaranteed by BitGo Trust Company. Terms and conditions apply.

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