Broker-Dealer disclosure
Note:
“PRYPCO Mint” is hereby referred to as “PRYPCO FZE”
Disclosure 1
Conflicts of interest can arise in various business and personal contexts. Proactively managing these conflicts is essential to mitigate legal and regulatory risks while upholding our integrity, brand, and reputation. Conflicts of interest can be managed effectively by:
Understanding what constitutes a conflict of interest; if you have questions, please consult with your manager or the People and Compliance team.
Acting with integrity in all business activities.
Considering potential conflicts of interest in all aspects of your work.
Avoiding any activities, situations, or relationships that could compromise—or appear to compromise—your professional judgment.
Seeking approval before engaging in any outside business, financial, or personal relationships that may pose a risk of conflict.
To help identify actual, perceived, or potential conflicts of interest, consider the following questions:
Could I gain personal benefits, now or in the future, that might influence my objectivity?
Do I hold any personal or professional views that could lead others to reasonably question my impartiality on a specific matter?
Have I received a gift, benefit, or hospitality from someone who could be affected by my decisions?
Is there a significant personal, professional, or financial relationship involved?
Would I, or someone close to me, gain or suffer as a result of my decision or action?
Could the company’s reputation be positively or negatively impacted by my decision or action?
Proactively considering these questions helps ensure transparency and ethical decision-making across all aspects of our business.
Disclosure 2
PRYPCO FZE determines the Virtual Assets quotes based on the DLD Smart Valuation Index or through an independent valuation company. These reports are generated every 6 months.
Disclosure 3
PRYPCO FZE does not hold or maintain funds or Virtual Assets, nor does it provide clearing services for other Virtual Asset Service Providers (VASPs) offering Broker-Dealer services. PRYPCO FZE’s services are focused solely on providing Real World Assets (RWA) fractional ownership access to its customers and do not include custodial or clearing functions for other VASPs.
Disclosure 4
PRYPCO FZE has implemented robust arrangements to ensure the protection and integrity of clients’ ownership of assets held on the platform. All client assets are securely held in segregated accounts, separate from PRYPCO FZE’s proprietary holdings, to prevent any commingling. Additionally, PRYPCO FZE follows enhanced security measures and regular audits to uphold clients' ownership rights and ensure full compliance with regulatory standards. Clients can access and verify their asset holdings at any time on the PRYPCO FZE platform and on the Dubai REST App, reinforcing our commitment to transparency and asset protection.
Disclosure 5
PRYPCO FZE may refer or introduce clients to select entities, including other Virtual Asset Service Providers (VASPs), when specific client needs align with services provided by these entities. Such referrals are made transparently, with clients fully informed of the nature and purpose of the introduction. PRYPCO FZE may receive monetary or non-monetary benefits as part of these arrangements, including reciprocation for business referrals, which are disclosed to clients in alignment with regulatory requirements.
