Legals
MidChians FZE
Protection of Client Assets
Legals
MidChians FZE
Protection of Client Assets
Asset Protection and Security
MidChains FZE (the “Firm”, “we”, “our”) selects its third-party partners (“third party”) through rigorous industry-standard due diligence, ensuring robust security protocols and cutting-edge technologies are implemented to protect our client’s assets. These measures are designed to mitigate risks associated with unauthorized access, fraud, and other potential threats.
Our commitment to asset protection encompasses the following:
Secure Infrastructure
We collaborate with reputable third parties that employ secure infrastructure, advanced encryption techniques, and multi-layered security protocols to safeguard funds and assets.
Cold Storage
A significant portion of virtual assets is stored in offline or cold storage wallets, thereby reducing exposure to online threats.
Segregation of Client Money and Assets
We strictly adhere to the policy of segregating client funds and assets from our operational funds. This separation ensures that client money and assets remain distinct from the Firm’s finances, providing an additional layer of protection.
Regular Audits
We conduct regular internal and external audits to ensure the integrity of our systems, verify the accuracy of our clients’ asset holdings, and frequently reconcile Client’s funds and assets.
Insurance Coverage
We have secured insurance coverage which offers an additional layer of protection of our client’s assets, subject to the policy’s terms and conditions.
Compliance with Regulatory Standards
Our operations strictly comply with the regulatory standards set forth by VARA and CBUAE, ensuring adherence to industry best practices.
We recognize the importance of maintaining our clients’ trust and continuously invest in enhancing the security measures that protect their assets. Should you have any questions or require further information, please do not hesitate to contact us.