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Trusted counterparties is a feature for organizations with recurring transfer relationships. Ask your administrator if this is enabled for your organization.
What is a trusted counterparty
A trusted counterparty is:- An organization or relationship — Unlike trusted destinations which are individual wallet addresses, counterparties represent entire organizations, identified by their Atlas participant ID
- Pre-approved for transfers — Once added, you can transfer assets to their addresses with your organization’s approval workflow
- Auditable relationship — Your organization keeps a record of all transfers to trusted counterparties
Add a trusted counterparty
1
Open settings
From the home screen, tap the Settings icon.
2
Select trusted counterparties
Look for Trusted counterparties in settings.
3
Tap add counterparty
Select Add counterparty.
4
Search for the participant
Search for the organization by their existing Atlas participant ID. Trusted counterparties must already be registered as a participant on Atlas — this feature doesn’t let you enter a new, unregistered organization’s name and addresses manually.
5
Add a description (optional)
Add optional notes about the relationship (e.g., “Daily settlements with X exchange”).
6
Submit for approval
Tap Submit. Adding a trusted counterparty requires quorum approval based on your policies.
7
Approve if authorized
If you have approval permissions, complete biometric authentication to authorize adding this counterparty.
View trusted counterparties
1
Open settings
From the home screen, tap Settings.
2
Select trusted counterparties
Go to Trusted counterparties to see all organizations you’ve designated as trusted.
3
View details
Tap a counterparty to see:
- Organization name and Atlas participant ID
- Description
- Transfer history
Transfer to a trusted counterparty
1
Initiate withdrawal
Open a vault, select an asset, and tap Send or Withdraw.
2
Choose trusted counterparty
Look for a Select counterparty or Trusted organizations option.
3
Select the counterparty
Choose the organization you want to transfer to.
4
Enter amount
Type the amount you want to transfer. The app will show fees and confirm your balance.
5
Review and submit
Verify the counterparty name and amount are correct.
6
Approve transfer
Complete biometric authentication, then the operation follows your vault’s normal quorum approval flow.
Remove a trusted counterparty
Removing a trusted counterparty prevents future transfers to them. Historical transfers remain in your audit trail.1
Go to settings
Tap Settings > Trusted counterparties.
2
Select the counterparty
Tap the organization you want to remove.
3
Tap remove
Select Remove counterparty.
4
Confirm removal
You’ll be asked to confirm you want to remove this counterparty.
5
Approve if required
Removal requires quorum approval based on your policies.
Removing a counterparty doesn’t affect historical transfers. All past transactions with them remain in your Activity log.
Counterparties vs. destinations
If you have a single address to use repeatedly, see Trusted destinations. If you have an ongoing relationship with an organization registered on Atlas, use Trusted counterparties.