Risk Disclosure Statement

(applicable to Digital Asset Custodial Service for Digital Payment Tokens)

The Monetary Authority of Singapore (MAS) requires SBI Digital Markets Pte. Ltd. to provide this risk warning to you as a client for receiving Digital Asset Custodial Service for Digital Payment Tokens from us.

Before you:

  • pay or transfer us any money or Digital Payment Tokens;
  • enter into an agreement with a third party to buy or sell Digital Payment Tokens upon inducement by us;
  • enter into an agreement with a third party under an arrangement by us for the transmission of Digital Payment Tokens;
  • pay a third party any money or Digital Payment Tokens under an arrangement by us for the transmission of Digital Payment Tokens; or
  • transfer any Digital Payment Token instrument to us,

you should be aware of the following:

  • SBI Digital Markets Pte. Ltd. is exempted by the MAS from holding a licence to provide Digital Payment Token services. Please note that you may not be able to recover all the money or Digital Payment Tokens you paid to SBI Digital Markets Pte. Ltd., or any other third party referred to above, if SBI Digital Markets Pte. Ltd. or the third party’s business fails;
  • you should not transact in Digital Payment Tokens if you are not familiar with Digital Payment Token. This includes how Digital Payment Tokens are created, and how the Digital Payment Token you intend to transact is transferred or held by SBI Digital Markets Pte. Ltd;
  • you should be aware that the value of Digital Payment Tokens may fluctuate greatly. You should buy Digital Payment Tokens only if you are prepared to accept the risk of losing all of the money you put into such tokens; and
  • you should be aware that SBI Digital Markets Pte. Ltd., as part of its licence to provide Digital Payment Token services, may offer services related to Digital Payment Tokens which are promoted as having a stable value, commonly known as “stablecoin”.