Terms and Conditions

HomeCubes

Version: 1.0
Date: 14 March 2025

1. Introduction

These terms and conditions (“Terms”) govern the provision of brokerage services (“Brokerage Services”) by Homecubes Management FZE (“Homecubes”).

2. Legal and Regulatory Information

Homecubes is a company organized and existing under the laws of the United Arab Emirates, holding Virtual Asset License No. L-3323, with its principal office at Dubai World Trade Centre, Sheikh Rashid Tower, Level 5, Office SRT-FLR05-05.03, Dubai, United Arab Emirates.

Homecubes is in the process of obtaining regulatory approval from the Dubai Virtual Assets Regulatory Authority (VARA) for its Virtual Assets Brokerage Services. Until approval is granted, Homecubes operates in compliance with applicable UAE laws and adheres to best practices to meet regulatory expectations.

3. Client Onboarding

You will only be entitled to use the Brokerage Services after completing the Homecubes onboarding process, which includes a thorough AML/KYC verification procedure.

4. Scope of Brokerage Services

Homecubes facilitates transactions but does not custody any client funds or Virtual Assets.

Homecubes offers Virtual Asset Brokerage Services, including:

Arranging orders for the purchase and sale of Virtual Assets between entities.
Accepting orders for Virtual Assets and processing payments via fiat or other Virtual Assets.
Facilitating transactions in Virtual Assets between buyers and sellers via the Homecubes marketplace.
Acting as a dealer in Virtual Asset transactions on behalf of clients.
Making a market in Virtual Assets using client assets.
Providing placement, distribution, or issuance-related services for Virtual Assets.

5. Compliance and Regulatory Standards

Homecubes operates under strict compliance with VARA regulations and other applicable UAE laws, ensuring:

Adherence to securities laws, tax laws, and financial crime regulations.
Prevention of price manipulation and conflicts of interest.
Proper documentation for Virtual Assets representing real-world assets.
Verification of regulatory approvals or restrictions from VARA or other relevant authorities.

6. Virtual Asset Issuer Due Diligence

To ensure compliance, Homecubes conducts due diligence on Virtual Asset issuers, including:

Reviewing the issuer’s background, management team, and regulatory history.
Analyzing white papers, business models, and financial statements.
Ensuring compliance with AML and KYC requirements.
Assessing ongoing compliance updates and regulatory adherence.

7. Outsourced Service Providers

Homecubes utilizes third-party service providers to enhance and secure its Brokerage Services, including:

Zoho CRM (India) – CRM and customer management services.
AWS (USA) – Platform server hosting and infrastructure.
Azure (USA) – Website hosting services.
Yacooba Labs (Portugual) – Token issuance regulatory compliance.
Transak (USA) – Facilitating token purchases using fiat currency.
io (USA) – Facilitates user-controlled wallet connectivity without asset custody.
Sumsub (UK/Dubai) – KYC services for AML/CFT compliance.
Scorchain (Luxembourg) – KYT and wallet certification for transaction monitoring.

These service providers are selected based on strict due diligence and compliance with Homecubes’ regulatory obligations.

8. Terms of Use

By accessing and using the Brokerage Services, you agree to comply with these Terms. If you do not accept these Terms, you must discontinue using the Services.

9. Amendments to the Terms

Homecubes may amend or update these Terms in response to industry trends, regulatory changes, or internal policy updates. Changes will be published on our website and will become effective immediately upon publication.

10. Client Agreement

A formal agreement will be sent to clients upon successful onboarding. This agreement will outline the rights and responsibilities of both parties.

11. No Investment Advice

Homecubes does not provide investment advice or recommendations. Clients are responsible for obtaining independent financial and legal advice before acquiring any Virtual Assets.

12. Limitation of Liability

Homecubes shall not be held liable for losses, costs, or damages resulting from:

Market fluctuations of Virtual Assets.
Regulatory changes affecting Virtual Asset trading.
Unauthorized access due to client negligence.
Any form of Virtual Asset fraud or security breaches outside of Homecubes’ control.

13. Indemnification

Clients agree to indemnify Homecubes against all liabilities, expenses, and damages arising from the misuse of the Brokerage Services or violation of these Terms.

14. Confidentiality

All client information shall be treated with strict confidentiality unless disclosure is required by regulatory authorities.

15. Virtual Asset Custody

Homecubes does not provide Virtual Asset Custody Services.
Client Virtual Assets, including NFTs representing fractional property ownership, will be managed by the clients themselves or through external solutions as determined by the client.
Homecubes facilitates wallet connectivity through third-party solutions like Privy.io but does not store or control client assets.

16. Fees and Charges

Fees for Brokerage Services, including transaction and processing fees, will be transparently communicated to clients before execution of services. As Homecubes does not provide custodial services, no custody-related fees are applicable. Details of these fees are available in the Client Agreement.

Fees for Brokerage Services, including transaction and custody fees, will be transparently communicated to clients before execution of services. Details of these fees are available in the Client Agreement.

17. Termination of Services

Homecubes reserves the right to suspend or terminate Brokerage Services in cases of regulatory breaches, fraudulent activities, or violations of these Terms.

18. Governing Law and Dispute Resolution

These Terms shall be governed by and interpreted under the laws of the United Arab Emirates. Any disputes shall be settled through arbitration under DIFC-LCIA Arbitration Rules, with Dubai as the legal seat of arbitration.

19. Contact Information

For any inquiries regarding these Terms, please contact:
Homecubes Management FZE
Dubai World Trade Centre, Sheikh Rashid Tower, Level 5, Office SRT-FLR05-05.03
Dubai, United Arab Emirates
Email: compliance@homecubes.com