Transaction policies are an important security measure for your organization. It is recommended to strictly configure these policies to avoid high-risk situations such as having no transaction policies, having transactions that are not covered by a transaction policy, automatically approving all transactions, or allowing the same role to both withdraw and approve transactions.

General policies apply to all types of transactions.

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Create a general policy

  1. Log into Cobo Portal.
  2. Click > Transaction Policies in the main menu on the left-hand side.
  3. Click Create Policy > General Policy.
  1. Enter a Policy Name. The name should not exceed 50 characters.
  2. Select all the wallets under Applicable Wallets that are applicable to the policy you are about to create. The following wallet types support token transfer policies:
    • Custodial Wallets
      • Asset Wallets
      • Web3 Wallets
    • MPC Wallets
      • Organization-Controlled Wallets
      • User-Controlled Wallets
    • Smart Contract Wallets
    • Exchange Wallets
  3. Under If, the condition is fixed: Any Transaction. Under Then, select the action to be taken when a transaction matches the policy:
    • Auto Approval: Automatically approve the transaction without requiring manual review.
    • Auto Rejection: Automatically reject the transaction.
    • Approval Quorum: Require a specified number of approvals to proceed. Click + Select Approvers to add one or more team members as approvers. You can select by User Roles or Users. Then, set the approval quorum.
  4. Click Next. Review the policy you just configured, then click Next.
  5. Review the order of your policies. Transactions will be matched with policies in the list based on their priority order.
    • Once a higher-priority policy is triggered, subsequent policies will no longer be triggered.
    • By default, the newly created policy will be placed at the top of the policy list and highlighted. You can change the order by dragging and dropping.
  6. Click Submit and complete the 2FA verification.
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