Terms and Conditions of Digital Asset Custody

Important Notice: Please read these terms and conditions carefully.

1.1 These terms set out the agreement between the customer (‘you’) and Global Digital Custody Ltd (“we” or “GDC” or “Service Provider”) regarding the products and services involved in digital asset custody services.

1.2 You acknowledge and agree that the products and services we provide are built upon a framework of checks and balances established jointly by banks, law firms and trust companies (collectively referred to as ‘Partners’), ensuring the highest level of security and legal compliance for the services.

1.3 Unless otherwise defined in the context of this website, the following terms shall have the meanings set out below:

Digital Assets: Digitalized value certificates existing in encrypted form based on blockchain technology, specifically including Bitcoin (BTC), Ethereum (ETH), etc.

Wallet Service System: The integrated software and hardware system developed, operated, and maintained by this website to provide products and services.

Cold Wallet: An offline electronic wallet storing virtual assets that is not directly connected to the internet.

Hot Wallet: An online electronic wallet storing virtual assets that is connected to the internet.

Private Key: A string of encrypted data granting the holder access to and control over specific digital assets.

Public Key: A paired string of encrypted data, typically serving as an address for receiving digital assets.

Smart Contract: An automatically executable computer programme operating on a blockchain.

KYC: The platform’s procedure for authenticating and verifying user identities.

AML: Anti-Money Laundering measures and procedures.

Separating Cold and Hot Wallet Storage: The majority of assets are stored in cold wallets to ensure the highest level of security; a small portion used for daily liquidity needs is held in hot wallets.

Multi-Signature Technology: For critical operations, multiple authorized private keys may be required for execution, reducing single-point-of-failure risks.

Hardware Security Module (HSM): Utilizing dedicated cryptographic devices with high-level security certification to ensure the secure generation, storage, and usage of private keys.

Transactions and Transfers: Upon receiving valid instructions from clients via GDC’s designated channels, GDC executes digital asset transfers and trading operations.

1.4 Digital assets carry price volatility risks; you should assess your suitability for any investment project.

GDC provides digital asset storage and custody services, including but not limited to:

(I) Secure Custody: Multi-signature and MPC; enterprise-grade security; triple safeguards from banks, solicitors, and trust companies; authorized whitelists for enhanced security.

(2) Wallet Services: GDC Wallet aims to enable everyone to use cryptocurrency easily, conveniently, and securely. We integrate a full suite of cryptocurrency services, including storage, transfers, settlement, DApp browsers, and cryptocurrency payment solutions, striving to safeguard your assets with the highest security standards.

(3) On-Chain Trading: Our on-chain trading service facilitates transactions across multiple digital assets, delivering swift and secure settlement experiences. Real-time transaction monitoring and alert functionality keeps you informed of trade statuses at all times.

(4) Flexible Financing: Digital assets may serve as collateral for financing, enabling direct borrowing from GDC. Leveraging transparent and competitive lending rates, GDC provides funding for your trading strategies or secures operational capital.

(5) Digital Asset Credit Card: Prior to use, please ensure your digital wallet holds sufficient digital assets. This card is accepted globally at physical merchants, online websites, or applications that accept VISA payments. You may log into your digital wallet application at any time to view real-time balances and dynamically monitor your credit card activity.

1.5 Security and Compliance

(1) We employ a regulated trust structure to hold digital assets, safeguarding clients’ digital assets.

(2) We strictly enforce Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures.

(3) For compliance reasons, the platform explicitly prohibits access to users from certain jurisdictions. Additionally, the platform may not support specific types of digital assets to avoid breaching regulatory red lines.

1.6 GDC reserves the right to amend these terms and conditions at any time.