These Terms of Business (“Terms”) govern the relationship between Bequant Pro Limited and the Client in connection with the provision of OTC crypto-asset services. By accessing or using any service, the Client confirms acceptance of these Terms in full. Please read them carefully.
1. Parties
1.1Bequant Pro Limited(hereinafter “BEQUANT PRO”, “we”, “us” or “our”) is a private limited liability company incorporated under the laws of Malta, with Company Registration Number C 88065. Its registered and principal place of business is at The Core, Valley Road, Msida, MSD 9021, Malta.
1.2The Clientmeans the institutional entity or professional counterparty that has completed Bequant Pro's onboarding process and entered into a binding agreement on these Terms.
2. Regulatory Status
2.1BEQUANT PRO holds a Class 3 Virtual Financial Assets (VFA) Licence (Licence No. VFA/06) issued by the Malta Financial Services Authority (“MFSA”) on 28 April 2021 pursuant to the Virtual Financial Assets Act, Chapter 590 of the Laws of Malta (“VFAA”). Under the VFA Licence, BEQUANT PRO is authorised to provide: (a) custodian or nominee services; (b) reception and transmission of orders; (c) execution of orders; (d) dealing on own account; and (e) placing of virtual financial assets.
2.2As at the date of these Terms, BEQUANT PRO conducts over-the-counter (“OTC”) services only, as specified in Clause 4 below. The VFA Licence remains valid and in force, subject to ongoing compliance with applicable laws and regulatory requirements.
2.3Bequant Pro submitted an application for authorisation under Regulation (EU) 2023/1114 on markets in crypto-assets (“MiCA”) on 29 July 2025. The application is currently under review by the MFSA. Bequant Pro continues to operate under the applicable transitional (grandfathering) provisions until 30 June 2026. Upon granting of MiCA authorisation, the VFA Licence shall be terminated and BEQUANT PRO shall be subject to MiCA and, as applicable, Regulation (EU) 2022/2554 (“DORA”).
2.4BEQUANT PRO is not a bank or credit institution and does not provide investment advice, portfolio management or any other regulated financial service beyond those authorised under its VFA Licence.
3. Definitions
Business Day
A day other than Saturday, Sunday, or a public holiday in Malta on which banks are open for business.
Client
The institutional counterparty that has completed onboarding and accepted these Terms.
Crypto-Asset
A digital representation of value or rights, as defined in Article 3(1)(5) of Regulation (EU) 2023/1114 (MiCA).
OTC Transaction
A bilateral transaction in a Crypto-Asset negotiated and settled off a trading venue.
Transaction Confirmation
The written or electronic confirmation issued by BEQUANT PRO upon execution of an OTC Transaction, setting out price, quantity, settlement date and instructions.
Settlement Date
The date on which the assets and/or funds in an OTC Transaction are transferred between the parties, as specified in the Transaction Confirmation.
KYC Documentation
All identity verification, beneficial ownership, source of funds, and other due diligence information required by BEQUANT PRO under applicable AML legislation.
Applicable Law
All statutes, regulations, rules, codes and guidance applicable to BEQUANT PRO's activities in Malta, including the VFAA, MiCA (once in force), PMLA, and MFSA rules.
4. Services
4.1OTC Trading.BEQUANT PRO provides OTC execution services, facilitating bilateral trades in Crypto-Assets between the Client and BEQUANT PRO acting as principal. BEQUANT PRO deals on its own account in all OTC Transactions.
4.2Request for Quote.Clients may submit a request for quote (“RFQ”) by telephone, approved messaging platform, or API. An RFQ shall specify the Crypto-Asset, direction (buy/sell), quantity, and preferred Settlement Date.
4.3Firm Quotes.BEQUANT PRO will respond to RFQs with a firm two-way price, valid for the period stated. A Transaction is executed upon the Client's verbal or written acceptance of the quoted price within the validity window.
4.4Settlement.OTC Transactions settle on a DVP (delivery-versus-payment) basis or by bank wire and Crypto-Asset transfer, as agreed in the Transaction Confirmation. T+0 settlement is available for standard pairs; T+1 applies to complex structures.
4.5Fiat Settlement.Fiat settlement is available in EUR, USD, GBP, and AED through BEQUANT PRO's banking arrangements. Settlement is made to and from the Client's pre-approved bank account only.
5. Client Eligibility and Onboarding
5.1BEQUANT PRO provides services exclusively to eligible counterparties, which are institutional clients, professional clients, and eligible counterparties as classified under applicable financial services legislation. Services are not available to retail clients.
5.2Prior to the commencement of any OTC Transaction, the Client must successfully complete BEQUANT PRO's onboarding process, including: (a) provision of all KYC Documentation; (b) completion of an AML/KYC questionnaire; (c) confirmation of source of funds; (d) execution of a Client Agreement or Letter of Acceptance; and (e) satisfaction of any enhanced due diligence requirements where applicable.
5.3BEQUANT PRO reserves the right to decline any client application or terminate a client relationship without giving reasons, where required by Applicable Law or MFSA guidance.
6. Fees and Charges
6.1Fees for OTC Transactions are incorporated in the spread applied to the quoted price and are not separately itemised unless otherwise agreed in writing.
6.2Any additional fees, including settlement fees or network transaction fees, will be disclosed in the Transaction Confirmation prior to execution.
6.3BEQUANT PRO reserves the right to amend its fee structure upon 30 days' prior written notice to the Client.
7. Risk Acknowledgements
The Client acknowledges and accepts that trading in Crypto-Assets carries significant risk, including but not limited to price volatility, liquidity risk, regulatory risk, technology risk, and the risk of total loss of capital deployed. The Client confirms it is acting on its own account and has received independent legal and financial advice.
7.1The Client confirms that it: (a) has read and understood the Website Risk Disclosure Statement published by BEQUANT PRO; (b) has the financial resources and expertise to bear the risks of Crypto-Asset trading; (c) is not relying on any advice from BEQUANT PRO in making any trading decision; and (d) is acting as principal on its own account.
8. Confidentiality
8.1Each party shall keep confidential all information relating to the other party's business, financial affairs, trading strategies, and the terms of any Transaction, and shall not disclose such information to any third party without the prior written consent of the disclosing party, except: (a) as required by Applicable Law or regulatory requirement; (b) to professional advisers bound by duties of confidentiality; or (c) where the information is or becomes publicly available through no breach of these Terms.
9. Limitation of Liability
9.1To the maximum extent permitted by Applicable Law, BEQUANT PRO shall not be liable for any indirect, consequential, special, or punitive loss or damage arising from or in connection with any OTC Transaction or these Terms, including any loss of profit, revenue, business, data, or goodwill.
9.2Nothing in these Terms limits or excludes liability for fraud, fraudulent misrepresentation, wilful misconduct, or any other matter that cannot be excluded by Applicable Law.
10. Duration and Termination
10.1These Terms shall remain in force until terminated. Either party may terminate by giving 30 days' written notice. BEQUANT PRO may terminate immediately upon a material breach by the Client, insolvency of the Client, or where required by Applicable Law or MFSA instruction.
10.2Termination shall not affect any OTC Transaction entered into prior to the effective date of termination, which shall continue to be governed by these Terms until fully settled.
11. Amendments
11.1BEQUANT PRO may amend these Terms at any time upon 30 days' prior written notice to the Client. Continued use of BEQUANT PRO's services following the effective date of any amendment constitutes acceptance of the revised Terms.
11.2BEQUANT PRO may amend these Terms with immediate effect where required by Applicable Law, regulatory instruction, or MFSA guidance. The Client will be notified as soon as practicable.
12. Governing Law and Dispute Resolution
12.1Governing Law.These Terms and any OTC Transaction entered into pursuant to them shall be governed by and construed in accordance with the laws of Malta, subject to the applicable requirements of MiCA and the transitional arrangements thereunder.
12.2Dispute Resolution.Any dispute, controversy, or claim arising out of or in connection with these Terms, or the breach, termination, or invalidity thereof, shall be finally settled by arbitration under the Rules of the London Court of International Arbitration (“LCIA”). The seat of the arbitration shall be London, England. The language of the arbitration shall be English. The number of arbitrators shall be one (1) unless the parties agree otherwise or the LCIA Court determines that three (3) are appropriate given the complexity or value of the dispute.
12.3Nothing in Clause 12.2 shall prevent either party from seeking urgent interim or injunctive relief from a court of competent jurisdiction.
13. Contact
| Purpose | Contact |
|---|
| Legal enquiries | legal@bequant.io |
| Compliance enquiries | compliance@bequant.io |
| Registered office | The Core, Valley Road, Msida, MSD 9021, Malta |
© 2026 Bequant Pro Limited. All rights reserved. These Terms of Business are published pursuant to applicable MFSA and MiCA disclosure requirements. Version: BQ-PRO-TOB-2026-01.