Accredited Investor FAQs

The Monetary Authority of Singapore (MAS) introduced Guidelines for Consumer Protection Measures by Digital Payment Token Service Providers (PS-G03) on 2 April 2024 which restrict the facilitation of certain activities like lending and staking of assets belonging to retail clients by digital payment token (DPT) services providers. Because of this, services like lending and staking can only be offered to accredited and institutional investors.

An accredited investor is a customer who meets specific criteria under the Securities and Futures Act 2001 and opts in to be treated as an accredited investor.

You qualify as an accredited investor if you meet at least one of the following criteria:

Individuals

• Income: Earned at least S$300,000 in the last 12 months, or
• Net financial assets: Exceed S$1,000,000, or 
• Net personal assets: Exceed S$2,000,000, with the following qualifications:
• (i) The value of the individual’s primary residence is to be calculated by deducting any outstanding amounts in respect of any credit facility that is secured by the residence from the estimated fair market value of the residence and is taken to be the lower of this value or S$1,000,000; and 
• (ii) The value of the individual’s holdings of DPTs is to be calculated by applying a haircut of at least 50% to the market value of the individual’s holdings and is to be the lower of this value and S$200,000.

Corporations

Have net assets exceeding S$10,000,000, based on the latest audited balance sheet or where the corporation is not required to prepare audited accounts regularly, a balance sheet of the corporation certified as giving a true and fair view of the state of affairs of the corporation as of the date of the balance sheet, with such date being within the last 12 months.

Under the PS-G03, DPT service providers cannot facilitate certain activities for the assets of retail users, such as lending and staking.

Accredited investors, however, can be offered these services and so accredited investors can access a broader range of features that are restricted for retail customers.

Services such as staking require accredited investor status. If a product requires an accredited investor status, it will be clearly indicated within the Gemini app or website.

Verify via Singpass (recommended)

1. Log in to Gemini via the mobile app, 
2. Open up your profile and select “Accredited Investor Verification”.
3. Select Verify with Singpass and retrieve your MyInfo profile.
4. Confirm the information.
5. If your MyInfo data meets the accredited investor criteria, your account will be verified right away. An accredited investor badge will be added to your profile and you will get a confirmation email. 

This is the fastest route and uses your IRAS Notice of Assessment to verify income.

Verify via manual documents (currently unavailable)

If Singpass verification isn’t available or if you want to use other ways to meet the AI criteria, you can submit documents that show you meet one of the AI criteria. Our team will review your submission and notify you of the outcome.

AI status is generally valid for one year, after which you’ll need to re-verify.

Retail customers can provide the following documents to meet at least one of the three criteria to be verified as an accredited investor: 

Income ≥ S$300,000

• Payslips for the last 6 months
• Income tax assessment (latest IR8A or Notice of Assessment) issued in the preceding year

Net Financial Assets > S$1,000,000

• Bank statements;
• Fixed deposits certificate;
• CDP securities portfolio statements
• Brokerage statements

Net Personal Assets > S$2,000,000

Issued in the past 1 month:

• Crypto exchange statements
• Crypto wallet snapshots

Issued in the past 3 months:

• Bank statements
• Fixed deposits certificate
• CDP securities portfolio statements
• Brokerage statements

Others:

• Title deeds
• Property evaluation documents
• Mortgage loan documents

• Corporate accounts: Submit the latest audited financial statements showing net assets above S$10,000,000 or or where the corporation is not required to prepare audited accounts regularly, a balance sheet of the corporation certified as giving a true and fair view of the state of affairs of the corporation as of the date of the balance sheet, with such date being within the last 12 months.
• Joint accounts: Currently, we do not accept joint accounts applications.

Yes. You can opt out of your accredited investor status at any time by contacting our support team .

Once processed: 

• Access to accredited investor-only features will be removed; and
• Any accredited investor-only positions (such as staking) may need to be closed or withdrawn. In some cases, withdrawals may take time due to product-specific settlement periods.

Please note that any request to withdraw from being treated as an accredited investor will not affect the provision of or terms of any DPT services offered to and subscribed by you on the basis that you were an accredited investor prior to the withdrawal date.

Accredited investor status must be renewed annually.

Gemini will notify you before your status expires so you can re-submit updated documentation.