Regulatory Status

1. Purpose and Legal Status

This Regulatory Status & Licensing Disclosure (the "Disclosure") is provided to transparently describe the authorisations, registrations, and regulatory positioning of the entities within the Polar Tensor™ group.

This Disclosure is informational only and must be read together with the applicable customer agreements, Risk Disclosure Statement, and other legal notices.

Nothing herein constitutes a representation that services are licensed or regulated beyond what is expressly stated.

2. Entity-Specific Regulatory Status

2.1 United States & Non-EU International Clients

Polar Tensor™ US LLC

Registered with the U.S. Financial Crimes Enforcement Network (FinCEN) as a Money Services Business (MSB).
Holds a Wyoming Money Transmitter License (MTL).
Maintains additional state-level MSB registrations or coverage, as required, for the provision of custodial digital-asset and transmission services.

Scope of authorisation:

Client onboarding and account administration
Custody and safeguarding of client digital assets
Processing of crypto deposits and withdrawals
AML/CFT and sanctions compliance

Limitations:

Does not provide investment advice or portfolio management
Does not offer securities, derivatives, margin, or leveraged products

2.2 European Union Clients

Polar Tensor™ Europe SP ZOO

Registered as a Virtual Asset Service Provider (VASP) in the Republic of Poland.
In the process of obtaining Crypto-Asset Service Provider (CASP) authorisation under Regulation (EU) 2023/1114 (MiCA).

Scope of activities:

EU client onboarding
Custody and safeguarding of crypto-assets
Deposit and withdrawal processing
EU regulatory reporting and consumer-protection compliance

Limitations:

No provision of investment advice or discretionary portfolio management
No offering of collective investment schemes or alternative investment funds

2.3 Execution Technology & Automated Trading Infrastructure

Polar Tensor™ Corp.

Operates as a technology and execution infrastructure provider.
Provides automated, non-discretionary execution of spot crypto-asset trades on a technical basis only.

Regulatory positioning:

Does not onboard clients
Does not hold custody of client assets
Does not provide regulated financial services
Does not require licensing as a custodian, adviser, or investment firm

2.4 Payments, Fiat On-/Off-Ramp & Exchange Services

Polar MSB Inc.

Registered as a Money Services Business (MSB) in the United States.

Scope of services:

Fiat payment processing
Crypto-to-fiat and fiat-to-crypto exchange
Crypto-to-crypto exchange
Payment card services via licensed third-party partners

Limitations:

No custody of execution-layer trading balances
No trading strategy execution
No performance-linked compensation

2.5 Holding & Governance

Polar Tensor™ Corporation

Acts solely as the ultimate holding and governance entity.
Performs no regulated, client-facing, custodial, execution, or payment activities.

2.6 Research & Development

Polar Tensor™ LAB Limited

Operates exclusively as a research and development entity.
Performs no client onboarding, custody, execution, or payment services.

3. Jurisdictional Limitations and Client Eligibility

Services are offered only to clients who are legally eligible in their jurisdiction.
EU residents are onboarded exclusively through the EU entity.
U.S. and non-EU clients are onboarded exclusively through the U.S. entity.
Certain jurisdictions may be restricted or excluded due to regulatory requirements.

4. No Passporting or Cross-Jurisdictional Authorisation

Authorisations and registrations are jurisdiction-specific.

No entity represents that:

licences or registrations are passported across jurisdictions; or
services are regulated outside the jurisdictions expressly stated.

5. Independent Marketers

Independent marketers or introducers:

are not licensed or regulated financial service providers;
do not perform regulated activities; and
act solely in a limited marketing or referral capacity.

All regulated activities remain with the applicable licensed entity.

6. Regulatory Changes

Regulatory frameworks applicable to crypto-assets and related services may change.

Future regulatory developments may affect:

the availability of services;
licensing requirements; or
the scope of permitted activities.

7. No Regulatory Endorsement

No regulator, supervisory authority, or governmental body has endorsed, approved, or guaranteed the services.

8. Amendments

This Disclosure may be updated from time to time to reflect changes in licensing status, law, or regulatory guidance.

The most current version will be made available on the relevant websites.