Wallet and Custodial Services Clause Samples

The "Wallet and Custodial Services" clause defines the terms under which digital wallets and custodial services are provided to users, typically for holding, transferring, or managing digital assets such as cryptocurrencies. It outlines the responsibilities of the service provider regarding the security, access, and management of users' assets, and may specify procedures for deposits, withdrawals, and loss or theft scenarios. This clause is essential for clarifying the rights and obligations of both parties, ensuring asset security, and allocating risk in the management of digital assets.
POPULAR SAMPLE Copied 1 times
Wallet and Custodial Services. Wallet As part of your Account, we will provide qualifying users access to a hosted wallet (“Wallet”) for holding the token, digital currency, or “Coyni”. Your wallet ID is unique to you and will be located in your Account profile. Your Wallet allows you to store, track, transfer, and manage your all your transactions and Account balance. Coyni. At this time your Account is intended solely for proper use of Coyni, a digital currency fully collateralized by the US Dollar, which is issued by GreenBox and continuously audited by a third-party. GreenBox is the issuer of Coyni, holds U.S. Dollars on reserve for Coyni holders, and has an obligation to repurchase your Coyni for USD. You can redeem your Coyni with GreenBox or GreenBox may elect to repurchase your Coyni in exchange for USD. The Coyni tokens are custodial assets held for your benefit, as described in further detail below. Title to Coyni shall at all times remain with you and shall not transfer to GreenBox. The Coyni in your Wallet are not the property of GreenBox. Except as required by a facially valid court order, or except as provided herein, GreenBox will not sell, transfer, loan, dispose of or transfer the Coyni in your Wallet unless instructed by you. Subject to the terms contained herein, outages, downtime, and other applicable policies, you control the Coyni held in your Wallet. Account Services, Transactions, Fees, & Review
View Source
Wallet and Custodial Services 
View SourceView Similar (3)

Related to Wallet and Custodial Services

  • Custodial Services The charges and expenses of the custodian appointed by the Trust for custodial services;

  • Special Services Should the Trust have occasion to request the Adviser to perform services not herein contemplated or to request the Adviser to arrange for the services of others, the Adviser will act for the Trust on behalf of the Fund upon request to the best of its ability, with compensation for the Adviser's services to be agreed upon with respect to each such occasion as it arises.

  • Online Banking Services We may provide Online Banking Services to you during the Term from time to time as described in this Agreement. You understand and agree that we may, and you authorize us to, provide Online Banking Services through one or more third party vendors. This Agreement does not apply to services provided under separate agreements with third party vendors that do not specifically reference this Agreement or that are not specifically referenced in this Agreement. Please refer to the online help and instructions on how to use our Online Banking Services. Such instructions are part of this Agreement. Please note that during your use of Online Banking Services, we may provide you with additional requirements and limitations regarding the use of Online Banking Services through the system by which we may provide Online Banking Services. You agree to be bound by any and all such additional requirements and limitations. You also agree to be bound by any and all of our published policies and procedures, whether published on the Web Site, through the Online Banking Services, or otherwise. Any and all such policies and procedures shall be a part of this Agreement.

  • Custody Services The Fund, on behalf of the Series, will open with Mellon one or more custody account(s) designated "Series" (such designated custody account(s) hereinafter referred to as "Series Account"). The Series Account will contain the appropriate designation in its title and will be operated subject to the terms of the Custodian Agreement between Mellon and the Fund.

  • Collection Services General 5-1 5.02 Solid Waste Collection 5-1 5.03 Targeted Recyclable Materials Collection 5-3