Regulatory & Compliance Overview

Prospr is pre-launch. It does not operate a live exchange, does not hold customer funds, and holds no licences or registrations today. This page describes the compliance approach being designed for the product being built. It is not a claim that Prospr is licensed, regulated, or available for real-money use in any market. Where a specific authorisation stands is published on the licenses & registrations page, and that page is the one to rely on.

The product being built is a non-custodial interface. You connect a wallet you control. Prospr does not hold your keys and does not take title to your assets. Orders are intended to execute on a third-party on-chain venue. Where a fiat on-ramp or off-ramp is offered, it is intended to run through a licensed partner. A partner's permission is theirs, not Prospr's. Incorporating a company is not an operating permission either.

1. Identity verification and financial crime controls

A non-custodial interface does not onboard people the way a custodial exchange does, so identity checks are designed around the activity rather than around opening an account. The intended approach:

• On-chain activity. Connecting a wallet and transacting on-chain is not the same as opening a Prospr account. What identity requirements attach to this path, and in which markets, is still being worked through. We will state the position for a market before opening it, not after.
• Fiat legs. Where fiat moves in or out, identity checks are intended to be completed by the licensed partner handling that leg. Prospr would expect to hold the outcome of the check, not the underlying documents.
• Sanctions and restricted jurisdictions. Comprehensively sanctioned jurisdictions and listed persons stay out. Geographic restriction and wallet screening are the intended controls. Providers are not named until contracted.
• Entities. Institutional access, if it is offered, would carry its own onboarding requirements. It is not part of the initial product.

Where a required check is not completed, the relevant path can stay closed or a session can be ended. None of this describes a live onboarding process.

2. How a market opens

A market stays closed until the registry on /licenses says otherwise. The working posture is:

• Legal analysis for a market is completed before any offer is made into it, not alongside it.
• Markets that would require an authorisation Prospr does not hold stay geographically restricted.
• Marketing is not targeted into a market that is closed.
• Statuses are published as they are, and the registry is updated when the facts change.

Prospr will not describe itself as "licensed," "regulated," or a "licensed exchange."

3. Product perimeters

Each part of the product is assessed on its own facts:

• The trading interface. Wallet connection, on-chain movement of your own assets, and orders you initiate that are routed to a third-party venue. This is the intended perimeter of the initial product.
• Leveraged and derivative products. Treated as the highest-regulatory-risk part of the stack. Which instruments are supported, on what terms, and in which markets each require specific analysis before any live offer.
• Automated strategies. Not part of the initial product. If offered later, strategies would run against permissions on your own wallet, and title to your assets is not intended to pass to Prospr.
• Managed or pooled products. Not part of the initial product, and not offered to retail if they are ever offered at all.
• Software, data, and AI features. Intended as educational and explanatory tools. The AI Co-Pilot is designed to explain, not to place, modify, or cancel orders.

4. Keys, wallets, and providers

Prospr does not hold, cache, or have access to your private keys, and cannot withdraw on your behalf. Moving assets off-platform is intended to require a signature in your own wallet.

So that routine orders do not require a wallet prompt every time, the interface may rely on a trading permission granted at connection. Any such permission is intended to be scoped to trading on the venue, and its scope, duration, and revocation path will be shown in the product before you grant it. It is not a mechanism for Prospr to move assets off-platform.

Wallet, fiat, identity, and execution providers are in selection. No provider is described as engaged until it is contracted, and nothing here is a claim that any fiat method is live.

5. Security and audit as compliance controls

• Contracts. Contracts that handle value are intended to be independently audited before they do so, including ahead of any token generation event. Audit summaries will be published when they exist.
• Platform review. External penetration testing and code review are planned before launch and on a recurring cycle after it. No formal certification is held today; we will name one only when it is held, with its scope.
• Treasury. Movements of Prospr's own funds are designed to require multi-party approval. This concerns company funds, not customer custody, because customer assets are not held.

6. Geographic restrictions

• Sanctioned countries. Access will not be opened to anyone resident in, or acting on behalf of, a comprehensively sanctioned jurisdiction.
• Closed markets. A market stays closed until the registry says otherwise.
• Circumvention. Using a VPN, proxy, or similar method to bypass a geographic restriction is prohibited under the Terms of Service.

The current eligibility position is on the licenses and registrations registry, and that page is updated when the facts change.

This overview is provided for information. It is not legal advice and it is not an offer of services. Questions: contact@prospr.co.