On ANote Music any monetary transaction, including deposits and withdrawals, are managed in partnership with established e-wallet institutions regulated by the CSSF – the financial services regulatory of Luxembourg. On ANote Music, we call these entities 'Third-Party Payment Institutions'.
When you set up an account and complete all the KYC procedures, we open a personal e-wallet linked to your account at our partnering payment institution. Any monetary transaction affecting your portfolio (purchasing, selling, depositing, withdrawing, receiving royalties) will pass through this e-wallet.
The fact that ANote Music operates through external e-wallets, ensures that funds are safeguarded and separated from ANote Music’s own assets.