1. About Fracwave and the Platform

Fracwave provides a technology Platform that enables:​

• Tokenization and fractionalization of real‑world assets and debt instruments.
• Primary and secondary market participation in such tokenized assets, including the OwnMore, RentLess model and debt fractionalization structures.
• Related services such as custody integrations, escrow arrangements, and payments via banking and payment partners.

Fracwave does not itself act as your financial, investment, legal or tax adviser; any information provided on the Platform is for informational purposes only and does not constitute investment advice, solicitation, or recommendation.​

2. Eligibility

By using the Platform, you represent and warrant that:​

• You are at least 18 years of age and have full legal capacity to enter into binding contracts.
• You are acting on your own behalf or are duly authorised to act on behalf of a legal entity.
• You are not prohibited from using the Platform under applicable laws, including sanctions or other regulatory restrictions.
• You will comply with all applicable laws, including securities, data protection, anti‑money laundering and counter‑terrorist financing requirements.

We may refuse, suspend, or terminate access where eligibility requirements are not met or where required by law or our risk policies.​

3. Account registration and security

To access most Platform features you must create an account and complete required KYC/KYB verification. You agree to:​​

• Provide accurate, current and complete information and keep it updated.
• Maintain the confidentiality of your login credentials and restrict access to your account.
• Immediately notify us of any unauthorised use of your account or other security breach.

You are responsible for all activities conducted under your account, except where such activities result directly from our failure to implement reasonable security measures.​

4. KYC, AML and compliance

Access to and use of the Platform is conditional on completion of our onboarding and compliance checks. You agree to:​​

• Provide all information and documentation reasonably requested for identity verification, KYC, AML/CFT, and source‑of‑funds checks.
• Permit us to obtain information from third‑party service providers (e.g. KYC vendors, banks, payment processors) to verify your identity and assess risk.
• Promptly update your information when it changes.

We may suspend, restrict or terminate access to the Platform and/or freeze transactions where required by law, by a competent authority, or under our internal risk and compliance policies.​

5. Platform services

Subject to these Terms, Fracwave grants you a limited, revocable, non‑exclusive, non‑transferable licence to access and use the Platform. Services may include:​​

• Opening and maintaining a user account.
• Browsing, evaluating and subscribing to tokenized real‑world asset offerings on the primary market.
• Trading eligible tokens on the secondary market, where available.
• Listing assets for tokenization, subject to due diligence, legal structuring and approval.
• Viewing account information, transaction history and asset performance.

The availability of particular services, assets or features may vary by jurisdiction, user profile, and regulatory status and may be modified, suspended or discontinued at any time.​

6. Tokenized assets and risk disclosure

Investments in tokenized real‑world assets and debt instruments carry risk, including:​​

• Risk of loss of principal and income.
• Illiquidity risk, including inability to exit positions quickly or at favourable prices.
• Market, credit, regulatory, operational and technology risks, including smart contract or blockchain‑related risks.

Past performance is not indicative of future results and no return is guaranteed. You are solely responsible for evaluating the merits and risks of any transaction and should seek independent financial, legal and tax advice where necessary.​

7. Fees and charges

Fracwave may charge fees, including without limitation:​​

• Listing or structuring fees.
• Transaction, secondary market, and subscription fees.
• Asset management or servicing fees.
• Spread or mark‑up on certain transactions.

Applicable fees will be disclosed on the Platform or in specific offering documents, and may be updated from time to time. Your continued use of the Platform after changes become effective constitutes acceptance of the updated fees.​

8. User obligations and acceptable use

You agree not to:​

• Use the Platform for unlawful, fraudulent, or malicious purposes, including money laundering or terrorist financing.
• Interfere with or attempt to circumvent Platform security or integrity.
• Reverse engineer, decompile, or attempt to derive the source code of the Platform, except as expressly permitted by law.
• Upload or transmit content that is illegal, infringing, deceptive, harmful or otherwise objectionable.
• Misrepresent your identity, affiliation, ownership of assets, or authority to act.

We may restrict or terminate access where we reasonably suspect a breach of these obligations.

9. Intellectual asset

All intellectual asset rights in the Platform, including software, user interfaces, brand elements, content, and documentation, are owned by or licensed to Fracwave. Except as expressly permitted by these Terms, no part of the Platform may be reproduced, modified, distributed, or exploited without our prior written consent.​

You retain any intellectual asset rights in content you lawfully provide to the Platform but grant Fracwave a worldwide, non‑exclusive, royalty‑free licence to use, reproduce, and display such content solely for the purpose of operating and improving the Platform and fulfilling our obligations under these Terms.​

10. Third‑party services

The Platform may integrate or interoperate with third‑party services, such as banks, payment processors, custodians, trustees, KYC providers, and blockchain infrastructure providers. Your use of such services may be subject to the third party's own terms and privacy policies.​​

Fracwave does not control and is not responsible for third‑party services and does not guarantee their performance or security. To the extent permitted by law, Fracwave is not liable for any loss or damage arising from your use of third‑party services.​

11. No warranty

The Platform and services are provided on an "as is" and "as available" basis. To the maximum extent permitted by law, Fracwave disclaims all warranties, express or implied, including fitness for a particular purpose, merchantability, and non‑infringement.​

We do not warrant that the Platform will be uninterrupted, secure, or error‑free, or that any defects will be corrected.​

12. Limitation of liability

To the extent permitted by law, Fracwave and its directors, officers, employees, advisers and affiliates shall not be liable for:​

• Any indirect, incidental, special, consequential, or punitive damages.
• Loss of profits, revenue, goodwill, or data.
• Any loss resulting from unauthorised access to or use of your account where you have failed to keep your credentials secure.

Where liability cannot be excluded, it will be limited to the amount of fees paid by you to Fracwave for the relevant services during the 12 months preceding the event giving rise to the claim.​

Nothing in these Terms excludes or limits liability that cannot be excluded or limited under applicable law.​

13. Indemnity

You agree to indemnify and hold harmless Fracwave and its affiliates from any claims, losses, damages, liabilities, costs, and expenses (including reasonable legal fees) arising out of or related to your:​

• Breach of these Terms or applicable law.
• Misuse of the Platform.
• Infringement of any rights of a third party.

14. Suspension and termination

We may suspend or terminate your access to the Platform, in whole or in part, immediately and without prior notice where:​

• You breach these Terms or our policies.
• We are required to do so by law, a court order, or a competent authority.
• We reasonably suspect fraud, abuse, or security issues.

Upon termination, your right to use the Platform ceases, but these Terms will continue to apply to any outstanding rights and obligations, including with respect to fees, liabilities, and limitations of liability.​

15. Governing law and dispute resolution

These Terms are governed by the laws of the Federal Republic of Nigeria, without regard to conflict of law rules. Any dispute arising out of or in connection with these Terms or the Platform shall be subject to the exclusive (or, if you are a consumer, non‑exclusive) jurisdiction of the courts of Nigeria, unless otherwise required by mandatory law.​

We may offer internal complaints handling or alternative dispute resolution mechanisms, details of which may be provided on the Platform.​

16. Changes to these Terms

We may amend these Terms from time to time, for example to reflect changes in our services, business model or applicable law. The updated Terms will be posted on fracwave.com with a revised "Last updated" date and, where required, we will notify you through the Platform or by email.​

Your continued use of the Platform after the effective date of updated Terms constitutes acceptance of the changes.​

17. Contact

If you have questions about these Terms or the Platform, contact:​

• Email: [email protected]
• Website: www.fracwave.com