Accounts

To use BITNET, users need to first open either an omnibus or individual wallet account with XFT.

ACCOUNT TYPE	CONTAINS
Omnibus	Subaccounts of multiple investors
Individual	Single investor

FBO Accounts: Banks hold funds on behalf of fintech’s end-users.

Omnibus Accounts: Brokers or intermediaries pool multiple clients’ funds in a single account without individual segregation.

OBO Accounts: Funds are managed on behalf of a specific client, common in asset management and trust services. Each model presents advantages in efficiency, customization, and regulatory handling, along with potential compliance risks.