Members can now operate segregated on-chain EMT Wallets to safeguard end-user fiat (EUR, GBP, USD) and manage their own funds effectively. This includes handling deposits, withdrawals and topping up/drawing down their Corporate/Liquidity EMT Wallet through the dashboard or API.
A member can create multiple wallets and tag them as either Client Money or Corporate. Please note that the Member should maintain segregation between EMTs issued against their own funds (Corporate) and EMTs issued against their customers’ funds.
Wallet creation is handled by Fiat Republic after enabling the feature for the Member.
The EMT Wallet Object
| Attribute | Description | Format/Enum |
|---|---|---|
| id string | Unique identifier of the EMT Wallet. | e.g. wlt_jl2vpn1mmm315rxgg |
| owner.type string | Owner of the EMT Wallet. | MEMBER |
| owner.id string | Unique identifier of the owner of the EMT Wallet. | e.g. mbr_emv4j231821oaz56yx |
| tags string | Type of EMT Wallet. | CORPORATE or CLIENT_MONEY |
| status string | Status of the EMT Wallet | CREATED, ACTIVE, BLOCKED, CLOSED |
| label string | An optional label to easily identify the EMT Walle on the Dashboard.. | |
| token string | Name of the Fiat Republic's token. | e.g. ENGBP, ENEUR, ENUSD |
| walletDetails object | Object contain EMT Wallet details for blockchain identification | |
| walletDetails.token string | Name of the token for which this EMT Wallet can be used. | e.g. ENGBP, ENEUR, ENUSD |
| walletDetails.address string | Onchain address of the wallet. Please note that the address will depend upon the Blockchain being used. | |
| walletDetails.blockchain string | Name of the blockchain on which the token was created | e.g. ALGO |
| balance.actual string | Full balance of the EMT Wallet, including any pending payments | |
| balance.available string | Available balance of the EMT Wallet that can be consumed. | |
| balance.reserved string | Total of all pending payments that have been created but not yet completed. | |
| createdAt integer | Epoch timestamp at which the object was created. | e.g. 1637593856104 |
| updatedAt integer | Epoch timestamp at which the object was last created. | e.g. 1637593856104 |
| metadata string | Additional data in JSON key:value format. | See Metadata for more information. |