Last Updated: 2025/05/22

This agreement is between you (“you”, “your”, or “User”) and Moneda Digital GmbH (“Moneda”, “us”, “we” or “our”). These Terms of Service ("Terms" or "Agreement") govern your use of the Moneda app and its associated services (collectively, the "Services"). By accessing or using the Services, clicking a button or checkbox to accept these Terms (e.g. “I agree”, “Get started”), or otherwise agreeing to these Terms electronically or in writing, you agree that you have carefully read and accepted all of the below Terms. If you disagree, you may not use the Services. Your use of the Services or parts thereof may require that you accept additional terms of, and enter into a contractual relationship with third parties, including regulated financial institutions (see Clause 3.6, Regulated Third-Party Services). The relevant third-party terms will be made available for your acceptance separately. We are not responsible or liable for any services (including financial services) which are provided to you by any third party under a separate contract.

1. Overview

Moneda is a technical service provider and provides a non-custodial wallet interface for managing stablecoins and accessing third-party decentralised finance (”DeFi”) protocols for yield generation. The Services may offer you the ability to connect to an interface for managing digital assets such as but not limited to USD and EUR stablecoins (collectively “Assets”) and to a stablecoin earnings account, each powered by third-party services in accordance with the terms of the relevant provider.

Moneda does not provide regulated financial or custodial services. Moneda does not directly or indirectly manage, control, or hold User Assets, nor does it facilitate interaction with third-party custodial services. All Wallets and transactions, including interactions with DeFi protocols, are fully self-custodial, meaning Users have full control and responsibility with respect to their Assets and credentials. As a consequence, all transactions and interactions do not happen between you and Moneda but directly between you and the relevant blockchain network, without Moneda being able to control, modify or revert these interactions. Only you will hold the account authentication credentials, including but not limited to passkeys, cryptographic private keys, and recovery phrases (collectively ”Credentials”) and will be able to access your wallet. Please read the following terms carefully, i.e., the notices under Clause 4.2 and 12.

2. Eligibility

To use the Services, you must:

• be a natural person with full legal capacity and with an age of at least 18 years;
• have your permanent residence in a country where we offer the Services;
• not be barred from using the Services under applicable laws;
• agree to comply with these Terms and all relevant local and international regulations which apply to your use of self-custody wallets and decentralised financial services; and
• provide any information which is required by Moneda and/or any third party, whose services you or Moneda may use in connection with the Services.

By accepting these Terms you represent that you fulfill and will fulfill all requirements listed above at all times during your use of the Services.

3. About the Services

1. Technical Solution: The Services facilitate technical access to third-party services to wallets and blockchain networks, which enable Users to effectively manage certain crypto assets. The Services further provide a non-custodial key management solution leveraging passkey technology that supports your ability to securely decrypt and sign data using proprietary API technology.
2. Moneda Account: To access certain features of the Services, you will need to create a Moneda account. You shall provide Moneda and any third-party service providers which you or Moneda may use in connection with the Services with accurate, complete and current information and keep this information up to date. You are responsible for all activities that occur under your account.
3. Wallets: Use of the Services requires you to create a single or multiple digital wallets (collectively “Wallets”), which allow you to acquire, store, and engage in transactions using supported Assets. Moneda is not able to access or to control, and not able to restore the keys to access or restore, any User Wallet and/or any Assets included in such Wallet.
4. Electronic Money Tokens (EMTs): The Moneda app displays balances of USDC and EURC in their corresponding value in “USD” or “EUR”. USDC and EURC are electronic money tokens (“EMTs”) which are issued and maintained by their issuers in accordance with the EU Markets in Crypto-Assets Regulation (MiCA). These EMTs are denominated in fiat currency and must be backed by reserves in accordance with regulatory requirements, but they do not form fiat money and are not covered by any deposit guarantee scheme or a state guarantee under EU or national law.
5. Unregulated Services: Moneda is not regulated and does not act as a bank, broker, financial institution, credit institution, electronic money institution (EMI), financial service provider or Crypto Asset Service Provider (CASP) and does not issue, redeem, or hold custody of any Assets on behalf of Users. Instead, the Services provide non-custodial access and smart contract-based Software as a Service (SaaS) infrastructure that enables Users to interact with Assets in a self-custodial manner.
6. Regulated Third-Party Services: Without being regulated themselves, the Services may facilitate your interaction with regulated third-party service providers and their services in accordance with, and subject to your acceptance of, the relevant service provider’s terms. Regulated services may, inter alia, be provided by electronic money institutions and may include payments, cards and cryptocurrency-related services.