Nova
Compliance & Funding

A compliance and funding framework operated end-to-end by Nova.

This page summarises the compliance framework Nova operates for its personal and business card programme. Detailed policies are governed internally; for verification requests, please contact us via Support.

Positioning.

Nova is the sole Merchant of Record and program operator for the covered card programme. Nova does not provide downstream parties with independent authority to onboard users, hold funds, maintain separate ledgers, or create, fund, or manage cards. Every end user is a Nova user.

Referral partners, UI partners, and embedded interface partners exist as source channels only. They do not hold funds, maintain ledgers, approve users, or create, fund, or manage cards.

What Nova controls.

  • End-user relationship
  • KYC, KYB, and KYT framework
  • User approval and rejection
  • Stablecoin deposit acceptance and review
  • Wallet screening
  • Internal ledger operations
  • Available, pending, frozen, and quarantined balance states
  • Card-access and funding-request approval (cards made available through approved issuing partners)
  • Card lifecycle management
  • Suspension, freeze, cancellation, and risk actions
  • Pricing, fees, and limits
  • Transaction monitoring
  • Refund and rejected-deposit handling
  • Communications with issuing and programme partners
  • Compliance decisions

Funding and wallet controls.

Where supported and approved, users must register their funding wallet address(es) before funding. Nova performs on-chain transaction analysis (KYT) before releasing funds. Deposits from unregistered senders are quarantined. Rejected deposits are not auto-returned; where permitted after review, returns are made only to the original sending address. Every user must be 18 or older (or the higher minimum required by applicable law or partner requirements) and pass sanctions, PEP, and adverse-media screening.

Standard path
  1. Wallet registered
    User registers the funding wallet
  2. Deposit · Pending
    Funds arrive and enter pending state
  3. KYT & screening
    On-chain analysis and compliance screening
  4. Available
    Once approved, balance becomes available
Alert branch
  1. Risk alert
    Rule triggered or unregistered sender
  2. Quarantined
    Funds held; not counted as available
  3. EDD / hold / original-route return
    Enhanced due diligence, continued hold, or return to sender where permitted

Entity scope and responsibility split.

Nova operates through Nova Software Infrastructure Limited (U.S. entity) and Nova Software Infrastructure Limited (Hong Kong entity) under an internal responsibility split.

The U.S. entity operates the compliance functions, including stablecoin deposit review, wallet screening, KYT, on-chain monitoring, pending, available, frozen, quarantined, wallet, and ledger-status controls, and related AML controls.

The Hong Kong entity handles the commercial front, customer communications, technical infrastructure, and operational support. The Hong Kong entity does not control private keys, does not approve stablecoin release or refunds, and is not a VASP, VATP, exchange, or custodian.

Card-sensitive-data controls.

Nova does not store full unmasked PAN or CVV in its own database; card details are displayed through an approved hosted page or iframe operated by the issuing partner.

MSB registration.

Nova Software Infrastructure Limited is registered with the U.S. Department of the Treasury Financial Crimes Enforcement Network (FinCEN) as a Money Services Business.

  • MSB Registration Number: 31000332913770
  • Legal Name: Nova Software Infrastructure Limited

FinCEN does not recommend, approve, or endorse any business that registers as a money services business. MSB registration is not a license, approval, or endorsement by FinCEN or any other regulator, and any such claim is false.

Verify at the FinCEN MSB Registrant Search

About this page.

This page is a public summary of Nova's card-programme compliance framework and is not a complete policy text or legal opinion. Formal compliance operations, KYC/KYB, KYT, funding review, and card management are executed inside Nova's separate, controlled product environment. For verification requests, please contact us via the Support page.