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Terms of Service

1. General

These Terms of Service govern the use of Blockchain Asset Solutions Ltd. (‘BAS’) custody, trading, and API services. By accessing our platform, you enter a binding agreement under the laws of England and Wales. These terms incorporate the Digital Asset Custody Rules (2023) and the ISDA Digital Asset Definitions (2023).

2. Eligibility & Account Opening

Entity must be a legally incorporated entity with valid KYC/KYB documentation
Minimum transaction volume: $1M per rolling 12 months
No services to sanctioned jurisdictions (OFAC, EU, UN lists)
All accounts subject to enhanced due diligence (EDD) for PEPs

3. Custody Services

BAS acts as a qualified custodian under SEC Rule 206(4)-2 (proposed). Digital assets are held in segregated wallets, with legal title passing to client. We maintain insurance coverage for theft and hacking up to $250M per occurrence.

Multi-sig withdrawals require 2 of 3 approvals
No lending of client assets without explicit consent
Daily attestation reports via third-party auditor

4. Trading Services

Orders are executed on an agency basis. BAS acts as counterparty for OTC trades. Delivery-versus-payment (DVP) is used where possible. Stablecoin settlements (USDC, USDT) are final upon blockchain confirmation.

Margin trading not available
Best execution policy available upon request
Trade disputes must be filed within 24 hours

5. Fees & Rebates

Custody fee: 0.05% monthly (AUM). Trading: 0.10% maker / 0.20% taker. Volume discounts apply above $10M monthly volume. All fees due in stablecoins.

6. Limitation of Liability

BAS liability is limited to gross negligence or willful misconduct, capped at fees paid in the prior 6 months. Network risks (forks, airdrops) are borne by client. Force majeure excludes US from liability.

7. Termination

Either party may terminate with 30 days’ notice. Upon termination, assets are transferred to client-specified wallet within 5 business days. Archival data retained for 7 years.

8. Governing Law & Disputes

Venue: High Court of Justice, London. Arbitration: LCIA, London, rules in effect. This does not affect consumer rights where applicable.

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