The ledger regulated companies take to their regulator
EMIs, payment institutions, money transmitters, and trust charters run Formance as their system of record. Several were licensed on the basis of data stored in it.
Formance is a technical enabler for regulated entities, not a regulated entity and not a compliance service. The positioning is deliberate: manage your financial data correctly so you can prove compliance to your regulator. Over 60% of Formance customers operate under a financial license, and customers go to their regulator with the Formance Ledger as the core system behind their regulatory processes.
Frameworks our customers operate under
Customers licensed with MFSA, AMF, ACPR, and FCA, with safeguarding and daily reconciliation running on the ledger.
Payment institutions using the ledger as the transaction system of record.
State money transmitter licensees, with fund tracking and reporting-ready data.
Banking charters (OSC, FINTRAC), NYDFS-regulated stablecoin issuance, GENIUS and MiCA-aligned reporting.
What the ledger gives a license application
Segregated account trees, omnibus sub-accounting, and per-customer attribution: the core EMI and MTL safeguarding requirements.
Automated matching against banks, PSPs, and custodians, with drift alerts. Proof that no money is unaccounted for.
Balance state reconstructed at any historical date, for reference-date reporting and proof-of-reserves attestations.
Immutable, hash-chained history with metadata-rich transactions, sliceable by currency, country, scheme, and product for recurring reports.
System-of-record architecture docs, data model documentation, and security attestations, shaped for regulator submission packs.
Regulators and auditors can examine the core ledger logic directly. No black box.
Built for regulated money.
Enterprise controls, the certifications auditors ask for, and an immutable record, out of the box.
09:41:07Z AUDIT gateway POST /api/ledger/v2/main/transactions 200 sub:ops@acme.io
09:41:09Z LOG id:4093 NEW_TRANSACTION ledger:main
09:41:12Z LOG id:4094 SET_METADATA ledger:main
09:41:15Z LOG id:4095 REVERTED_TRANSACTION ledger:main
09:41:18Z AUDIT gateway GET /api/ledger/v2/main/logs 200 sub:audit@acme.io
Keep going
Everything you need to evaluate and build on Formance.
Questions, answered
01 / DOES FORMANCE HOLD OR TOUCH CUSTOMER FUNDS?
No. Formance is a technology platform. Funds stay with your banks, PSPs, and custodians; the ledger is the system of record that tracks and proves them.
02 / CAN OUR REGULATOR EXAMINE THE SYSTEM?
Yes. The core ledger is open source and auditable, the transaction history is immutable, and reports extract directly from the ledger API in the formats your reporting cadence needs.
03 / HOW DOES SAFEGUARDING REPORTING WORK?
Customer funds map to segregated account trees reconciled daily against safeguarding accounts, and reports reproduce for any date from the immutable log.
04 / DOES FORMANCE DO KYC OR AML SCREENING?
No, by design. Identity and screening stay in your dedicated tooling; the ledger integrates with those systems through events and exports and remains the clean record layer underneath.
Bring your license plan
Walk through what your regulator will ask for: book a demo or talk to an engineer.