The CBB recognises that unlike traditional fiat currency wire transfers, not every crypto-asset transfer involves (or is bookended by) two institutions (crypto-asset entities or financial institutions). In instances in which a crypto-asset transfer involves only one financial institution on either end of the transfer (e.g. when an ordering financial institution sends crypto-assets on behalf of its customers, the originator, to a beneficiary that is not a customer of a beneficiary financial institution but rather an individual user who receives the crypto-asset transfer using his/her own distributed ledger technology (DLT) software, such as an unhosted wallet), the financial institution must still ensure adherence to Paragraph FC-11.1.12 for their customer. The CBB does not expect that financial institutions, when originating a crypto-asset transfer, would submit the required information to individual users who are not financial institutions. However, financial institutions receiving a crypto-asset transfer from an entity that is not a financial institution (e.g. from an individual crypto-asset user using his/her own DLT software, such as an unhosted wallet), must obtain the required originator information from their customer.