An account represents a store of value for fiat currencies and/or stablecoins.
- Bank account: Account that exists at a regulated depository financial institution (i.e. a bank). Stores fiat.
- Wallet: An on-chain wallet. Stores stablecoins.
- Ledger: An account at a liquidity provider/custodian. May store fiat and/or stablecoins.
Accounts may be managed by Tesser or unmanaged. "Unmanaged" accounts are accounts that were not provisioned by Tesser, and instead were provisioned by a third party. "Managed" accounts are accounts that are provisioned by Tesser.
Accounts will always belong to the workspace they are created in. They can optionally also belong to one of a counterparty or tenant.
| Belongs to: | Type: Bank account | Type: Wallet | Type: Ledger |
|---|---|---|---|
| Workspace | n/a | An omnibus wallet an organization uses to manage its treasury operations in an aggregated manner. (Managed) | An omnibus wallet an organization uses to manage its treasury operations in an aggregated manner. (Managed) |
| Tenant | n/a | A wallet designated for funds belonging to a tenant. (Managed) | A wallet designated for funds belonging to a tenant. (Managed) |
| Counterparty | A bank account that belongs to an originator or a beneficiary. (Unmanaged) For fiat payouts, bank account info as transmitted as part of Travel Rule compliance.
| A wallet designated for an originator or beneficiary provisioned by Tesser. (Managed) A wallet provisioned for the originator or beneficiary by a non-Tesser provider. (Unmanaged) | A wallet designated for an originator or beneficiary. (Managed) |