Source of Funds.

Definition

Source of funds is documentation proving where an applicant's money legitimately originated — not just that an account holds a given balance, but the actual history of how it was earned, inherited, sold, or otherwise acquired. Every CBI/RBI program requires it as a core part of due diligence; it's the single most scrutinized element of any application, digital-asset-funded or not.

Why a bank letter doesn't translate to crypto

A traditional bank letter answers a narrow question — this account holds this much money — assuming the underlying banking system has already done its own source-of-funds checks over years of account history. A crypto wallet has no equivalent institutional history behind it by default: a $2 million BTC balance could be three years of legitimate trading gains, an inheritance converted to crypto, proceeds from a business sale, or something a Citizenship or Residency Investment Unit would have real reason to decline. The wallet balance alone proves nothing about which of these is true.

What a real crypto source-of-funds narrative requires

• A reconstructed transaction history explaining major inflows — trades, transfers, mining or staking rewards, asset sales
• Travel Rule-compliant originator data for any transfers that carried it
• Sanctions and PEP screening cross-referenced against the wallet's counterparties, not just the applicant's identity
• Documentation formatted to the specific program's Citizenship or Residency Investment Unit requirements — not a generic blockchain explorer export

How ImmiCrypt is built around this

This is the core function of our Compliance vertical — reconstructing this narrative automatically from an applicant's on-chain history rather than assembling it by hand per application, then packaging it to whichever format a given program in our directory actually requires.