These Terms of Business (“Terms”) govern the relationship between Bequant Prime Limited and the Client in connection with the provision of digital asset services as set out in Schedules A through D. By accessing or using any service, the Client confirms full acceptance of these Terms. Please read them carefully before proceeding.
1. Parties
1.1Bequant Prime Limited(hereinafter “BEQUANT PRIME”, “we”, “us” or “our”) is a company incorporated under the laws of the Republic of Seychelles, with Company Registration Number 218593. Its registered address is Suite 3, Global Village, Jivan's Complex, Mont Fleuri, Mahé, Republic of Seychelles.
1.2BEQUANT PRIME operates under the registered trademark “Bequant” and the websites bequant.pro and bequant.io.
1.3The Clientmeans the institutional entity or professional counterparty that has completed BEQUANT PRIME's onboarding process and accepted these Terms and all applicable Schedules.
2. Regulatory Status
2.1Digital asset trading, custody, prime brokerage, and lending services are regulated in the Republic of Seychelles under the Virtual Asset Service Providers Act 2024 (“VASP Act”), administered by the Financial Services Authority of Seychelles (“FSA”).
2.2BEQUANT PRIME has submitted a complete VASP licence application to the FSA in accordance with the Virtual Asset Service Providers Licence Application Guidelines. The FSA has confirmed that the application has progressed to the assessment stage.
2.3Pursuant to Section 42 of the VASP Act, entities that submitted a completed licence application during the transitional period may continue their business activities until a formal decision is communicated by the FSA. BEQUANT PRIME operates on this basis and will provide prompt notification to clients upon receipt of any regulatory determination.
2.4BEQUANT PRIME is not a bank, credit institution, or regulated investment firm and does not provide investment advice or portfolio management services.
3. Definitions
Business Day
A day other than Saturday, Sunday, or a public holiday in the Republic of Seychelles on which banks are open for business.
Client
The institutional counterparty that has completed onboarding and accepted these Terms.
Digital Asset
A digital representation of value or rights, including crypto-assets, virtual assets, and tokenised instruments.
Schedule
Any of Schedules A (Custody), B (OTC), C (Prime Brokerage), or D (ClearLoop) forming part of these Terms.
Custodied Assets
Digital Assets held by BEQUANT PRIME or a sub-custodian on behalf of the Client pursuant to Schedule A.
Prime Account
The margin and collateral account maintained by BEQUANT PRIME for the Client pursuant to Schedule C.
KYC Documentation
All identity, beneficial ownership, source of funds, and other due diligence materials required under the VASP Act and AML obligations.
Applicable Law
All laws, regulations, rules, and guidance of the Republic of Seychelles applicable to BEQUANT PRIME, including the VASP Act, Anti-Money Laundering Act 2020, and FSA regulations.
4. Client Eligibility and Onboarding
4.1BEQUANT PRIME provides services exclusively to institutional clients, professional counterparties, and eligible entities as defined under Applicable Law. Services are not available to retail or individual clients.
4.2Prior to commencement of any service, the Client must: (a) provide all required KYC Documentation; (b) complete BEQUANT PRIME's AML questionnaire; (c) confirm the source of funds and wealth; (d) confirm acceptance of these Terms and all applicable Schedules in writing; and (e) satisfy any enhanced due diligence requirements.
4.3BEQUANT PRIME reserves the right to decline any application or terminate a client relationship without providing reasons, where required by Applicable Law or FSA guidance.
5. Services — Schedule Overview
BEQUANT PRIME provides services across four distinct lines, each governed by a separate Schedule forming part of these Terms. The Client must accept the relevant Schedule(s) for each service line.
Schedule A — Custody Services
BEQUANT PRIME provides safekeeping and administration of Digital Assets on behalf of institutional clients. Assets are held in segregated accounts and may be custodied directly by BEQUANT PRIME or with regulated sub-custodians approved by the Client.
| Service Element | Detail |
|---|
| Asset Segregation | Client assets held in individually designated wallets, segregated from BEQUANT PRIME proprietary assets |
| Sub-Custody | BEQUANT PRIME may appoint approved sub-custodians subject to Client consent and due diligence |
| Reporting | Monthly custody statements with valuation, movement, and reconciliation detail |
| Supported Assets | BTC, ETH, and major crypto-assets as agreed per onboarding schedule |
| Withdrawal | Client-initiated withdrawals processed to pre-approved wallet addresses following verification |
Schedule B — OTC Trading
BEQUANT PRIME provides over-the-counter block trade execution across 200+ Digital Asset trading pairs, acting as principal counterparty. All OTC Transactions are bilaterally negotiated and settled off-venue.
| Service Element | Detail |
|---|
| Minimum Block Size | $200,000 notional per transaction |
| Trading Pairs | 200+ pairs including BTC, ETH, major alts, stablecoins, DeFi tokens |
| RFQ Process | Submit by telephone, messaging platform, or API; firm quote returned within minutes |
| Settlement | T+0 for standard pairs; T+1 for complex structures; DVP available |
| Fiat Settlement | EUR, USD, GBP, AED via individual named IBANs |
| Desk Hours | 24/7 institutional desk — direct trader access at all hours |
Schedule C — Prime Brokerage
BEQUANT PRIME provides integrated prime brokerage infrastructure for institutional prop traders, quant funds, and systematic strategies. Services include margin lending, cross-venue collateral management, FIX API connectivity, and risk monitoring.
| Service Element | Detail |
|---|
| FIX API | FIX 4.2/4.4 connectivity to 27+ CEX and DEX venues |
| DMA | Direct market access with low-latency routing |
| Margin Lending | Undercollateralised and overcollateralised facilities; bespoke LTV structures |
| Collateral Management | Cross-venue collateral optimisation and margining; portfolio-level netting |
| Risk Monitoring | RiskQuant real-time position and exposure monitoring |
| Supported Venues | 27+ centralised and decentralised exchanges |
Schedule D — ClearLoop Settlement
BEQUANT PRIME provides off-exchange settlement via ClearLoop, enabling clients to trade on centralised exchanges while maintaining assets in regulated off-exchange custody. This eliminates exchange counterparty risk and reduces settlement friction.
| Service Element | Detail |
|---|
| Settlement Model | Off-exchange via ClearLoop; assets remain in off-exchange custody during trading |
| Exchange Connectivity | Supported ClearLoop-integrated CEX venues |
| Counterparty Risk | Exchange counterparty risk eliminated — assets not held on exchange during trading |
| Settlement Period | Near real-time settlement of net positions |
| Reporting | Daily settlement statements and position reconciliation |
6. Fees and Charges
6.1Fees for each service line are set out in the applicable Schedule and in the Client's onboarding agreement. OTC fees are incorporated in the spread. Prime brokerage and custody fees are charged monthly as agreed.
6.2BEQUANT PRIME may accept fees in Digital Assets, including in the asset being quoted, where agreed in writing with the Client.
6.3BEQUANT PRIME reserves the right to amend its fee structures upon 30 days' written notice.
7. Risk Acknowledgements
The Client acknowledges that Digital Asset trading, custody, and prime brokerage carry significant risks including price volatility, liquidity risk, technology risk, regulatory risk, and the risk of total loss of capital. Services are provided to institutional clients only. The Client confirms it has received independent professional advice.
7.1The Client confirms it: (a) has read the Website Risk Disclosure Statement published by BEQUANT PRIME; (b) has the financial expertise and resources to bear all risks; (c) is not relying on any advice from BEQUANT PRIME; and (d) is acting as principal on its own account.
8. Confidentiality
8.1Each party shall maintain strict confidentiality in respect of all information relating to the other party's business, strategies, trading activity, and the terms of any transaction. Neither party shall disclose such information to any third party without prior written consent, save as required by Applicable Law, regulatory instruction, or FSA guidance.
9. Limitation of Liability
9.1To the maximum extent permitted by Applicable Law, BEQUANT PRIME shall not be liable for any indirect, consequential, special, or punitive loss arising from or in connection with any service or these Terms, including loss of profit, business opportunity, data, or goodwill.
9.2Nothing in these Terms excludes or limits liability for fraud, fraudulent misrepresentation, wilful misconduct, or any matter that cannot be excluded under Applicable Law.
10. Duration and Termination
10.1These Terms continue until terminated by either party on 30 days' written notice. BEQUANT PRIME may terminate immediately on a material breach, insolvency of the Client, or as required by Applicable Law or FSA instruction.
10.2Termination does not affect any service arrangement entered into prior to the effective date of termination, which shall continue to be governed by these Terms and the relevant Schedule until fully concluded.
11. Governing Law and Jurisdiction
11.1Governing Law.These Terms and all transactions entered into pursuant to them shall be governed by and construed in accordance with the laws of the Republic of Seychelles.
11.2Jurisdiction.The courts of the Republic of Seychelles shall have exclusive jurisdiction to settle any dispute arising out of or in connection with these Terms, save that BEQUANT PRIME may seek urgent interim or injunctive relief in any court of competent jurisdiction.
12. Amendments
12.1BEQUANT PRIME may amend these Terms and any Schedule at any time upon 30 days' written notice. Where amendments are required by Applicable Law or FSA instruction, they take effect immediately and the Client will be notified as soon as practicable.
13. Contact
| Purpose | Contact |
|---|
| Legal enquiries | legal@bequant.io |
| Compliance enquiries | compliance@bequant.io |
| Registered office | Suite 3, Global Village, Jivan's Complex, Mont Fleuri, Mahé, Seychelles |
© 2026 Bequant Prime Limited. All rights reserved. Version: BQ-PRIME-TOB-2026-01. Effective 09 April 2026.