Fund ownership and segregation

Ownership

SwissBorg users retain ownership over their assets (crypto-assets and fiat funds) at all times. As a regulated service provider, SwissBorg holds and administers your assets strictly on your behalf - they remain yours, recorded in your name in our internal positions register, and we are expressly prohibited from using them on our own account or for any third party without your explicit prior consent.

Wallet security

Non-custodial wallets come with their own risks, including hacks and phishing, with no way to recover lost assets. Private-key management can also be challenging and lead to assets being permanently lost. SwissBorg gives you the best of both worlds: we use MPC technology to protect your assets. Our custody arrangements are documented in our Custody policy, and sit within an ICT and operational-resilience framework aligned with the EU's DORA rules.

Asset segregation and safeguarding

On top of being financially healthy, as a regulated provider we are required at all times to keep 100% of users' assets fully segregated from our own corporate treasury. Your crypto-assets are kept separate from any address holding SwissBorg's own crypto-assets, and we maintain records sufficient to identify each user’s position at any time. We are required to ensure prompt return of your crypto-assets at any time.

Your fiat funds are deposited with an authorised credit institution, in segregated accounts that are clearly identified as belonging to users and ring-fenced from SwissBorg's own funds. 

In the unlikely event of SwissBorg's insolvency, users' segregated crypto-assets and funds do not form part of the bankruptcy estate - your assets are safe.

These safeguards are reinforced by our internal "three lines of defence" control system, mandatory external and internal audits, and ongoing regulatory supervision.