Holding of Digital Assets. For holding the Digital Assets for its clients in custody, Finst makes use of SPV. SPV will hold all positions in Digital Assets for the clients of Finst in one or more wallets per digital currency in its own name. These wallets are hosted on the respective blockchains. The advantages and disadvantages of all positions so held for Client, are for the account and risk of Client. This means that all profits, such as price increases and received income, but also all losses, such as price decrease and specific costs, will be for the risk and account of Client and will be booked by Finst in the Balance.
Appears in 4 contracts
Samples: Crypto Services Agreement, Crypto Services Agreement, Crypto Services Agreement
