How to set up a Stronghold institutional account
Learn how to setup an Institutional account with Stronghold. After your institutional account is confirmed, your organization will be able to leverage Stronghold’s platform and services.
On the Stellar network, before a wallet can receive an asset (token), its owner must add a notification indicating that they are willing to accept it. Called “trustlines,” these notifications keep a record of:
Because Lumens (XLM) are Stellar’s native currency, XLM is the only asset type which doesn’t require a trustline that can be transmitted via the Stellar network.
On Stronghold, wallets are already set up to use all of the assets we support. However, customers who want to transfer assets to other Stellar wallets must create a trustline before initiating a transaction.
Customers who want to send SHx to an external Stellar wallet must add a trustline for SHx to the receiving wallet before processing the withdrawal. To add a trustline, the receiving wallet must also be funded with XLM; opening a trustline adds 0.5 XLM to your network reserve.
If you would like to read more about how to add a trustline, Stellar.org explains them in detail.