Below is a Custodial Services Agreement between CS Cold Storage Custody Service, and any client using our cryptocurrency custody out of our location in Dubai, UAE:

CUSTODIAL SERVICES AGREEMENT

Between:

[Client Name and Address]

(Hereinafter referred to as “Client”)

And:

CS Cold Storage Custody Service

(Hereinafter referred to as “Custodian”)

1. Definitions

  • “Cryptocurrency” refers to digital assets like Bitcoin, Ethereum, etc.
  • “Custody” means the holding of the private keys by the Custodian on behalf of the Client.
  • “Cold Storage” means the offline storage of cryptocurrencies to enhance security.
  • “Hot Storage” refers to online storage solutions where assets are kept for operational purposes.

2. Services Provided

  • The Custodian agrees to securely hold and manage the Client’s Cryptocurrency in accordance with this Agreement, using a combination of cold and hot storage as deemed necessary by the Custodian for optimal security and accessibility.

3. Custody of Assets

  • The Custodian will hold the Client’s Cryptocurrency in segregated accounts, ensuring that Client assets are not commingled with those of the Custodian or other clients.
  • The Custodian will use state-of-the-art security measures, including but not limited to multi-signature technology, hardware security modules (HSM), and cold storage solutions.

4. Client Responsibilities

  • The Client must provide accurate information about the Cryptocurrency to be held.
  • The Client must inform the Custodian of any changes in the ownership or control of the Cryptocurrency.
  • The Client acknowledges their responsibility to comply with all applicable laws, including those related to Anti-Money Laundering (AML) and Know Your Customer (KYC) in the UAE.

5. Fees

  • The Custodian will charge a custody fee as per the schedule agreed upon on this page. Fees are subject to change upon 30 days written notice to the Client.

6. Access to Assets

  • The Client may request access to or transfer of their Cryptocurrency at any time, subject to the provision of adequate notice and the Custodian’s verification processes.
  • All transactions will require dual control or multi-signature approval for security.

7. Liability

  • The Custodian shall not be liable for losses due to the inherent volatility of Cryptocurrency or for acts beyond its reasonable control, including but not limited to cyber attacks, natural disasters, or regulatory changes.
  • The Custodian will maintain insurance coverage for assets held in custody to protect against theft or loss due to security breaches.

8. Termination

  • Either party may terminate this Agreement with 60 days written notice. Upon termination, the Custodian will return all held assets to the Client or to a new custodian designated by the Client, subject to any outstanding fees.

9. Governing Law

  • This Agreement shall be governed by and construed in accordance with the laws of the United Arab Emirates, specifically the regulations set by the Virtual Assets Regulatory Authority (VARA) in Dubai.

10. Dispute Resolution

  • Any disputes arising under this Agreement shall be resolved through mediation in Dubai. If mediation fails, the parties agree to submit to the jurisdiction of the courts of Dubai, UAE.

11. Confidentiality

  • Both parties agree to maintain the confidentiality of all information exchanged under this Agreement, except as required by law.

12. Amendments

  • Amendments to this Agreement must be written and signed by both parties.

13. Miscellaneous

  • This Agreement constitutes the entire understanding between the parties concerning the subject matter hereof, superseding all prior agreements, understandings, or representations.

Signatures:

For the Client:

Name: ________________ Signature: ________________ Date: ________________

For CS Cold Storage Custody Service:

Name: ________________ Signature: ________________ Date: ________________

Annex A: Fee Schedule

  • Custody and Transaction Fees are located on the Pricing page.

Note: The terms and conditions may need adjustments based on the specific services offered, client needs, and any regulatory updates.