(Safeguarding of User’s Digital Assets)
You acknowledge that by depositing Digital Assets in your account wallet which are both reflected in your ABCC Account, you agree to appoint ABCC to facilitate the arrangement for the safeguarding and custody of your Digital Assets.
Digital Assets received into your account wallet will be deposited in safe custody into a segregated account which is designated as a trust or client account.
Digital Assets received by ABCC from you shall be held on behalf of you, segregated from ABCC's own assets.
With respect to the Digital Assets receiving in your account wallet, ABCC has the right to make arrangements with its other affiliates and service providers to arrange for segregation arrangements in compliance with relevant applicable laws. ABCC will endeavour to employ security measures that are consistent with international standards and as may be required under the applicable laws. The Company shall also ensure that the holdings of Digital Assets are maintained based upon the ratio of hot and cold wallets, as may be prescribed by the Applicable Law.
You acknowledge and agree that Digital Assets which are deposited with ABCC may be aggregated and held with the assets of the other Company’s customers on an omnibus basis. This may in some instances result in the risk of the ABCC User’s allocation in the Digital Assets not being specifically attributable to a particular User. The Company shall maintain proper and accurate books in order to mitigate the aforementioned risk from materialising.