Institutional Funding Pathways — April 2026
Funding the platform.
Full process & procedures.
Two primary bank-to-platform funding channels are available: CIBC (Canadian Imperial Bank of Commerce — one of Canada's Big Five, with a significant US presence through CIBC Bank USA) and the Commonwealth Bank of Australia ($9.8M structured capacity, Australian Sophisticated Investor channel). Each path is mapped in full — account setup, KYC/AML, SBLC reserve, subscription escrow, wire procedures, and post-close.
🇨🇦🇺🇸
CIBC (Canada + USA)
CAD / USD
OFFERING-DEFINED
🇦🇺
Commonwealth Bank of Australia
AUD / USD
UP TO $9.8M
🏦
SBLC Reserve (SWIFT MT-760)
USD / GBP
SBLC FACE VALUE
Account & escrow structure
US Subscription Escrow
CIBC Bank USA
Reg D 506(c) investor funds — pre-close hold
Trigger: Minimum offering met + issuer certification
AU Subscription Escrow
Commonwealth Bank (CBA)
Reg S Australian investor funds — pre-wire hold
Trigger: CBA AML clearance + SWIFT to US escrow
Reserve SBLC Instrument
CIBC Trade Finance
MT-760 SBLC as reserve collateral
Trigger: Issued upon trade finance agreement execution
Operating Account (USD)
CIBC Bank USA
Issuer operating funds post-close
Trigger: Released from escrow after hard close
CIBC — Process & Procedures
Canadian Imperial Bank of Commerce · Big Five Canada · CIBC Bank USA (Chicago, Illinois) · FDIC-insured
STEP 01Issuer Entity & Account OpeningFOUNDATION
›Establish the issuer SPV or operating company with Canadian and/or US legal standing (Delaware LLC or Ontario Corporation).
›Open a CIBC Capital Markets corporate banking relationship — designate a senior relationship manager.
›Open a CIBC Bank USA (Chicago HQ) corporate operating account for US investor subscription receipts.
›Open a CIBC Canada CAD account for Canadian investor subscriptions under National Instrument 45-106 (Accredited Investor exemption).
›KYC/CDD package: corporate registration, beneficial ownership declaration (≥25% owners), directors, source-of-funds documentation.
›FINTRAC registration: ensure issuer entity is registered as a Money Services Business (MSB) if applicable under the Proceeds of Crime Act.
STEP 02CIBC Capital Markets EngagementNEAR-TERM
›Engage CIBC Capital Markets advisory desk — present DIGAU as a structured digital security under Reg D 506(c) / Reg S.
›Request placement agent or dealer-manager capacity review for a USD-denominated restricted digital security offering.
›Provide offering memorandum, board credentials (David Weild IV — former NASDAQ VP, JOBS Act architect), and reserve documentation.
›CIBC Capital Markets provides Canadian institutional distribution access (pension funds, family offices, OSFI-regulated entities).
›Cross-border coordination: CIBC US desk connects Canadian institutional capital to Reg S offering tranche.
›Engage CIBC's Trade Finance & Supply Chain desk for SBLC issuance as a reserve enhancement instrument (MT-760).
STEP 03SBLC Issuance via CIBC (MT-760)RESERVE-CRITICAL
›Request SBLC issuance from CIBC's Trade Finance desk. CIBC is a rated prime bank and is eligible to issue bank SWIFT MT-760 instruments.
›Negotiate SBLC face value aligned to the first offering tranche (e.g., $2M–$5M USD SBLC for reserve enhancement).
›CIBC sends MT-760 via Brussels SWIFT network bank-to-bank to Dignity's receiving bank.
›Platform records SBLC as a collateral lot in the Reserve Registry — instrument hash anchored on-chain.
›UCC-1 financing statement filed against issuer entity to establish lien priority on SBLC-backed reserve.
›SBLC terms: irrevocable, unconditional, ICC UCP 600 / ICC Publication No. 758 compliant, English law jurisdiction.
STEP 04Subscription Escrow & Wire ProceduresOFFERING-CRITICAL
›Establish a subscription escrow account at CIBC Bank USA — separate from operating account, attorney-controlled or third-party escrow agent.
›Wire instructions for US investors (USD): CIBC Bank USA, ABA routing 071006486, SWIFT BIC: PVTBUS44, beneficiary: [Issuer SPV], account number: [escrow acct].
›Wire instructions for Canadian investors (CAD): CIBC, transit/branch number + account, beneficiary: [Issuer SPV].
›Minimum subscription per investor (Reg D 506(c)): verify no less than $5,000 or offering-defined minimum.
›Subscription agreement execution and KYC/accreditation verification before funds released from escrow.
›BSA/AML compliance: CIBC Bank USA auto-files Currency Transaction Reports (CTR) for cash transactions >$10,000; Suspicious Activity Reports (SAR) as required.
STEP 05Cross-Border FX & SettlementOPERATIONAL
›USD/CAD exchange through CIBC's FX desk — negotiate preferential spot or forward rates for subscription proceeds.
›CIBC International Transfers for cross-border movement of settled subscription proceeds.
›Settlement timeline: domestic US wire T+0 same-day or next-day; international SWIFT T+1 to T+3.
›CIBC's global correspondent network connects to 90+ countries for Reg S (non-US) investor subscriptions.
›Lock subscription proceeds in escrow until minimum offering size is achieved (hard close condition).
›Post-close: release to operating account upon issuer certification and escrow agent release.
Commonwealth Bank of Australia — Process & Procedures
Commonwealth Bank of Australia · CommBiz · SWIFT BIC: CTBAAU2S · AUSTRAC registered · Up to $9.8M capacity
STEP 01CBA CommBiz Account SetupFOUNDATION
›Open a Commonwealth Bank of Australia (CBA) CommBiz business banking account for the Australian-linked entity or agent.
›CBA KYC: AUSTRAC-compliant AML/CTF customer identification — company certificate, director IDs, beneficial ownership ≥25%.
›Required documents: ASIC company extract, director passports, resolution authorising account signatories, source-of-funds declaration.
›AUSTRAC registration: if the entity provides designated remittance or currency exchange services, register with AUSTRAC under the AML/CTF Act 2006.
›CBA account capacity: CommBiz supports multi-currency accounts (AUD + USD), international payments, and term deposit instruments.
›Financial Claims Scheme (FCS): AUD deposits are government-guaranteed up to $250,000 AUD per depositor per ADI under the Banking Act 1959.
STEP 02Tranche Structure — Under $10MCOMPLIANCE-CRITICAL
›Total available capacity from CBA: $9.8M USD equivalent. Maintain total deposits and transfers below AUD 10,000,000 threshold.
›Structure subscription intake in tranches: e.g., 4 tranches × $2.45M = $9.8M total, phased over the offering period.
›Each tranche corresponds to a closing date — issuer certification, escrow release, and token delivery trigger.
›AUSTRAC IFTI reporting: CBA must report International Funds Transfer Instructions (IFTI) for all international wire movements. This is automatic — no action required from the issuer, but maintain documentation records.
›No AUSTRAC SMR (Suspicious Matter Report) trigger — maintain clean source-of-funds trail from offering subscriptions.
›AML/CTF Rule 30 (2007): CBA will conduct enhanced due diligence for transfers above AUD 1M. Provide offering memorandum and investor subscription records on request.
STEP 03AUD → USD Conversion & International WiresOPERATIONAL
›Convert AUD subscription proceeds to USD through CBA International Transfers or CBA's FX desk (CommBiz FX portal).
›CBA SWIFT BIC: CTBAAU2S — used as the sending institution on SWIFT MT103 international wire instructions.
›Receiving account (USD): CIBC Bank USA escrow account or Dignity US operating account.
›CBA FX rates: negotiate via CBA business banking relationship manager for preferential conversion rates above AUD 1M.
›Wire settlement: AUD domestic T+0; international SWIFT USD T+1 to T+3 depending on cut-off times.
›CBA Global Currency Accounts: maintain a USD-denominated account at CBA to hold converted proceeds before onward wire — reduces double-conversion costs.
STEP 04Australian Investor Subscription ProcessOFFERING
›Australian investors qualifying under Corporations Act 2001 s708(8) (Sophisticated Investor) or s708(11) (Professional Investor) are eligible for Reg S equivalent placements.
›ASIC requirements: issue offer document compliant with Corporations Act — either a prospectus or disclosure document, or rely on s708 exemption with accountant certificate.
›ASIC Form 5603 (s708 accountant certificate): required for sophisticated investor exemption — issued by a registered Australian accountant confirming net assets ≥ AUD 2.5M or gross income ≥ AUD 250K.
›Subscription agreement: dual-signed, executed under Reg S (non-US person representation), AML declaration included.
›CBA escrow: maintain separate trust account for Australian investor subscription funds pending US offering close.
›Post-close: funds wired via SWIFT to US escrow; token delivery to investor's custody wallet (Fireblocks MPC or compatible).
STEP 05AUSTRAC & Regulatory ComplianceMANDATORY
›AUSTRAC (Australian Transaction Reports and Analysis Centre): all transfers above AUD 10,000 are subject to AUSTRAC reporting by CBA — automatic, no issuer action required.
›AML/CTF Program: maintain a written AML/CTF compliance program covering: customer identification, transaction monitoring, employee training, AUSTRAC reporting obligations.
›ITAR/OFAC screening: ensure no Australian investor is a sanctioned person or entity under OFAC SDN list or DFAT Consolidated List.
›CBA's Digital Currency Exchange (DCE) registration: if the entity facilitates exchange between digital tokens and fiat, AUSTRAC registration as a DCE is required under AML/CTF Act.
›Ongoing: CBA will request periodic account reviews and AML refresh KYC annually or on material change.
›Tax: Australian investors may face capital gains tax (CGT) on token appreciation — recommend Australian tax counsel for investor disclosures.
Combined offering timeline — both channels
Week 1–2
Entity setup, account opening (CIBC + CBA), KYC submission
CIBC Capital Markets, CBA CommBiz, AUSTRAC
Week 2–3
Offering materials finalised — OM, subscription agreement, disclosure docs
Dignity Platform, Legal Counsel, FINRA-member BD
Week 3–4
SBLC issued by CIBC via MT-760 — reserve position established
CIBC Trade Finance, Reserve Registry, On-chain anchor
Week 4–6
First close — US investors via CIBC Bank USA escrow (Reg D 506(c))
CIBC Bank USA, Securitize, Transfer Agent
Week 5–7
Australian close — CBA tranche 1 (≤$2.45M AUD), SWIFT to US escrow
CBA CommBiz, SWIFT CTBAAU2S, CIBC escrow
Week 6–8
Minimum offering met — escrow release, initial token delivery to all investors
Dignity TokenEngine, Fireblocks MPC, Transfer Control Registry
Week 8–12
CBA tranche 2–4 ongoing (remaining $7.35M), rolling subscriptions
CBA FX, SWIFT, CIBC operating account
Ongoing
Post-close reporting, investor portal active, reserve attestation cycle begins
Dignity Platform, Valuation Engine, Audit Chain
🇨🇦 CIBC / Canada — Key Regulations
›Proceeds of Crime (Money Laundering) & Terrorist Financing Act — FINTRAC reporting
›National Instrument 45-106 — Accredited Investor & Offering Memorandum exemptions
›OSC / provincial securities regulators for Canadian offering distribution
›BSA (US) — Currency Transaction Reports (CTR) >$10K, SAR obligations at CIBC Bank USA
›FINRA / SEC — Reg D 506(c) and Form D filing within 15 days of first sale
🇦🇺 CBA / Australia — Key Regulations
›AUSTRAC — AML/CTF Act 2006, IFTI reporting on all international transfers, SMR obligations
›Corporations Act 2001 s708 — Sophisticated Investor ($250K+ income or $2.5M+ net assets) or Professional Investor exemptions
›ASIC — accountant certificate s708(8) required per sophisticated investor subscription
›Banking Act 1959 — Financial Claims Scheme insures deposits ≤AUD $250K per depositor
›DFAT Consolidated List + OFAC screening — no sanctions exposure on investor or entity