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Last updated: 19.08.2026
This Special Risk Disclosure Notice provides a non-exhaustive overview of certain risks associated with Crypto Assets, fiat payment services, foreign exchange, custody, execution, settlement and related services provided by AXENTE SWISS GmbH (“AXENTE”).
This Special Risk Disclosure Notice forms an integral part of the Business Relationship between the Client and AXENTE and must be read together with AXENTE’s General Terms and Conditions (“GT&CS”), Fee Schedule, Privacy Notice, and any applicable service agreement.
The risks described herein are not exhaustive. Additional risks may exist or may arise in the future. The Client should seek independent legal, tax, financial and technical advice before entering into any transaction involving Crypto Assets or using any service provided by AXENTE (“Service”).
By entering into or continuing the Business Relationship and using the Services, the Client expressly accepts such risks. If the Client does not understand, accept or is not willing to assume any of the risks described in this Special Risk Disclosure Notice, it must refrain from entering into the Business Relationship and/or from using the Services.
AXENTE provides its Services on an execution-only basis unless otherwise expressly agreed in writing. AXENTE does not provide investment advice, legal advice, tax advice or financial planning.
The Client is solely responsible for assessing whether any Crypto Asset, transaction, payment, conversion, custody arrangement or Service is suitable for its own legal, financial, tax, regulatory and operational situation.
Crypto Assets may be highly speculative, volatile and illiquid. Their value may decrease significantly or become worthless. There is no guarantee that any Crypto
Asset will retain its value, remain transferable, remain liquid or remain supported by AXENTE or any third-party provider.Crypto Assets are usually not legal tender, not backed by any government, central bank, issuer or institution, and may not confer any enforceable rights against any person.
The market value of Crypto Assets may fluctuate significantly within short periods of time, including on an intraday basis. Price movements may be caused in particular, but not limited to, by supply and demand, market sentiment, regulatory developments, governmental decisions or posts, macroeconomic events, technical incidents, cybersecurity events, failures of market participants, and/or developments affecting specific blockchain networks.
The Client may suffer a partial or total loss of value.
Crypto Asset markets may be fragmented, immature, undercapitalized or temporarily illiquid. Certain Crypto Assets may not be capable of being sold or converted at a reasonable price, within a reasonable time, or at all.
Low liquidity may result in wide spreads, high slippage, rejected transactions, delayed execution or inability to execute orders.
Crypto Assets are subject to high volatility. Prices may be affected by events unrelated to the intrinsic characteristics of the relevant Crypto Asset, including market rumors, announcements, exchange failures, social media activity, cyber incidents or general market stress.
A sharp decline in one major Crypto Asset or traditional asset may negatively affect the broader Crypto Asset market.
Orders may not be executed at the expected price or within the expected timeframe. Execution may be affected by market volatility, insufficient liquidity, price movements, trading venue restrictions, counterparty availability, operational constraints, compliance checks or technical issues.
Where AXENTE executes orders through third-party venues, liquidity providers or counterparties, the Client is exposed to the execution practices, availability and solvency of such third parties.
The final execution price may differ from the indicative or expected price. This may occur in particular during periods of high volatility, low liquidity, market disruption, large transaction sizes or delayed settlement.
The Client bears the risk of adverse price movements between order placement, execution and settlement.
Settlement of Crypto Assets, fiat currencies or stablecoins may be delayed, incomplete or fail. Payment and delivery may not occur simultaneously.
The Client may deliver fiat currency, Crypto Assets or stablecoins before receiving the corresponding asset or payment. This may result in loss, delay or counterparty exposure.
Transactions involving different fiat currencies or conversions between fiat currencies and Crypto Assets are exposed to foreign exchange risk. Exchange rates may fluctuate between order placement, execution and settlement.
The Client bears all risks arising from currency fluctuations.
Stablecoins may not maintain their intended peg. A stablecoin may lose value due to insufficient reserves, illiquid reserves, issuer default, regulatory action, redemption restrictions, operational failure, market panic, smart contract vulnerabilities or failure of the relevant blockchain network.
The Client may not be able to redeem stablecoins at par value or at all.
Certain Crypto Assets may depend on an issuer, sponsor, protocol developer, custodian, exchange, liquidity provider, bridge operator, validator, administrator or other third party.
If such party fails to perform, becomes insolvent, is hacked, ceases operations, is subject to regulatory action or acts fraudulently, the value, transferability or availability of the relevant Crypto Asset may be adversely affected.
Custody of Crypto Assets involves operational, technical, legal and cybersecurity risks. Loss, theft, destruction, compromise or unavailability of private keys, MPC infrastructure, access credentials or custody systems may result in permanent loss or unavailability of Crypto Assets.
Even where institutional custody technology is used, no custody solution can eliminate all risks.
Crypto Assets held in Individualized Crypto Custody are intended to remain attributable to the relevant Client. However, the treatment of such assets in insolvency or similar proceedings remains subject to applicable law, the decisions of competent authorities and courts, and the technical and operational circumstances at the relevant time.
There may be delays, costs or restrictions in returning such assets to the Client.
Where Crypto Assets are held in Omnibus Crypto Custody, i.e. in collective custody, they may be held on an aggregated basis together with Crypto Assets of other clients. In such cases, the Client may have a contractual claim for the relevant type and amount of Crypto Assets rather than a claim to specifically identifiable units.
Omnibus Crypto Custody may expose the Client to additional operational, legal, settlement, allocation and insolvency risks. The Client may not benefit from segregation rights to the same extent as in Individualized Crypto Custody and may be exposed to claims of AXENTE’s creditors.
In the event of bankruptcy, insolvency, liquidation or similar proceedings affecting AXENTE, a custodian, sub-custodian, bank, payment service provider, liquidity provider, exchange or other third party, the Client may suffer loss, delay, restricted access or inability to recover fiat funds, Crypto Assets or stablecoins.
Fiat funds held by AXENTE or through AXENTE may form part of AXENTE’s bankruptcy estate and do not benefit from depositor protection, deposit guarantee, banking privilege or similar statutory protection.
AXENTE may rely on third-party providers, including banks, payment service providers, custodians, execution venues, liquidity providers, technology providers, blockchain analytics providers, cloud providers and outsourcing partners.
Failures, outages, insolvency, misconduct, cyber incidents, operational errors or regulatory restrictions affecting such third parties may adversely affect the Services.
Blockchain networks may suffer congestion, high transaction fees, delays, validator or miner failures, consensus failures, software bugs, chain reorganizations, censorship, forks or attacks.
Such events may delay, prevent, reverse or otherwise affect deposits, withdrawals, transfers, confirmations or settlements.
Blockchain transactions are generally final and irreversible once confirmed. Transactions sent to an incorrect, incompatible, inaccessible or unsupported address may result in permanent loss.
AXENTE may not be able to recover Crypto Assets sent to the wrong address, wrong blockchain, unsupported network or incompatible smart contract.
The Client is solely responsible for verifying wallet addresses, blockchain networks, tags, memos and other transaction details before initiating any transfer.
The use of an incorrect, outdated, unsupported, inaccessible or compromised wallet address may result in permanent loss of assets.
Access to Crypto Assets may depend on private keys, seed phrases, passwords, API credentials, access rights, MPC key shares or other authentication mechanisms.
Loss, theft, compromise or destruction of such credentials may result in permanent loss of Crypto Assets or unauthorized transactions.
Crypto Assets, wallets, platforms and communication channels are frequent targets of hacking, phishing, malware, social engineering, AI-generated fraud, SIM swapping, credential theft, denial-of-service attacks and other cyber threats.
The Client must maintain appropriate cybersecurity measures and secure its own systems, devices, credentials and communication channels.
Crypto Assets may depend on smart contracts. Smart contracts may contain coding errors, design flaws, vulnerabilities, malicious functions, oracle dependencies or upgrade mechanisms that may be exploited or changed.
Interactions with smart contracts may be complex and irreversible and may result in loss of assets.
Blockchain protocols may be modified by developers, validators, miners, governance participants or other stakeholders. Protocol changes may affect the functionality, supply, transferability, security, rights or value of Crypto Assets.
AXENTE has no control over such protocol changes.
Blockchain networks may undergo hard forks, soft forks, airdrops, token migrations, token swaps, redenominations or other protocol events.
AXENTE may decide, at its sole discretion, whether or not to support any such event. Unsupported assets, rights or benefits may not be credited to the Client and may become inaccessible.
Forks may create a risk that transactions valid on one chain are replayed on another chain. This may result in unintended transfers or loss of Crypto Assets.
Certain blockchain networks may be exposed to 51 percent attacks, double-spending attacks, censorship attacks, dusting attacks, denial-of-service attacks or other malicious activity.
Such attacks may affect transaction finality, value, transferability or security of Crypto Assets.
Many Crypto Assets and blockchain protocols rely on open-source software. Such software may contain bugs, vulnerabilities or deliberately embedded defects. Development may be discontinued or delayed.
This may negatively affect the security, usability or value of Crypto Assets.
Advances in quantum computing or cryptanalysis may weaken or compromise cryptographic algorithms used by blockchain networks, wallets or Crypto Assets.
Such developments may result in theft, loss of access, reduced security or loss of value.
Crypto Assets may be traceable through blockchain analytics. Assets previously linked to illicit activity, sanctioned persons, hacks, fraud, scams or other suspicious activity may be considered tainted by service providers, authorities or counterparties. This also applies to Crypto Assets that went through a mixer.
Such assets may be frozen, rejected, seized, blocked or become difficult or impossible to use, transfer or convert.
The legal and regulatory treatment of Crypto Assets varies across jurisdictions and may change over time. A Crypto Asset may be classified as a payment token, utility token, asset token, security, financial instrument, e-money token, stablecoin or other regulated instrument.
Changes in law, regulation, supervisory practice or enforcement may affect the legality, transferability, value, custody or availability of Crypto Assets or Services.
AXENTE is a financial intermediary affiliated with a Swiss self-regulatory organization (SRO) for anti-money laundering purposes. AXENTE is not prudentially supervised or regulated by the Swiss Financial Market Supervisory Authority (FINMA) as a bank, securities firm, asset manager, portfolio manager or other prudentially supervised financial institution. Accordingly, Clients do not benefit from the same level of regulatory oversight and supervisory scrutiny that may apply to FINMA-supervised institutions. The Client acknowledges and accepts the risks associated with conducting business with a financial intermediary that is supervised solely for compliance with applicable anti-money laundering requirements through an SRO framework.
Sanctions laws and restrictions may apply to persons, entities, jurisdictions, wallets, transactions, blockchain addresses, tokens or counterparties.
AXENTE may refuse, suspend, block, freeze, reverse or delay transactions or Services where required or deemed appropriate for sanctions, AML/CFT, compliance or risk management reasons.
AML/CFT and Travel Rule requirements may require the collection, verification and transmission of information relating to originators, beneficiaries, wallets, counterparties and transactions.
Missing, incorrect, inconsistent or incomplete information may result in delays, rejection, blocking, freezing, cancellation or reversal of transactions (where applicable).
The Client is solely responsible for assessing and complying with all tax obligations arising from holding, transferring, converting, receiving, selling or otherwise transacting in Crypto Assets, fiat currencies or stablecoins.
Tax treatment may be uncertain and may change. AXENTE does not provide tax advice.
Fiat payment services may be delayed, rejected, reversed, blocked or restricted due to banking cut-off times, intermediary banks, payment schemes, correspondent banks, sanctions screening, AML checks, technical failures, insufficient information or third-party restrictions.
AXENTE is not liable for delays or failures caused by banks, payment providers or other third parties.
Conversions between fiat currencies and Crypto Assets may be affected by market volatility, liquidity constraints, pricing discrepancies, banking delays, settlement failures, compliance checks and third-party provider restrictions.
The Client may receive less than expected or suffer losses due to adverse price or exchange rate movements.
AXENTE or its third-party providers may suspend, limit or discontinue Services, deposits, withdrawals, trading, conversions, accounts, wallets, supported assets or blockchain networks for business, technical, operational, security, legal, regulatory or compliance reasons.
The Client remains exposed to market movements during any suspension or interruption.
AXENTE may cease to support any Crypto Asset, blockchain network, wallet type or payment method. If the Client does not withdraw or convert the affected asset within the required timeframe, AXENTE may convert it into fiat currency or take other measures in accordance with the GT&CS.
Unsupported assets may become inaccessible or permanently lost.
Information transmitted by email, messaging services, online platforms or public networks may be delayed, intercepted, corrupted, incomplete or manipulated.
Even encrypted communications may reveal metadata, including sender and recipient information. AXENTE does not guarantee that public networks are secure or error-free.
Transactions on public blockchains may be visible to the public and may be permanently recorded. Third parties may analyze blockchain data and potentially link wallet addresses to the identity of the Client or related persons.
The Client may therefore be exposed to confidentiality, profiling, cybersecurity and reputational risks.
Events outside AXENTE’s control may affect the Services, including natural disasters, war, terrorism, civil unrest, pandemics, power outages, internet failures, market disruptions, governmental actions, regulatory measures, cyber incidents or failure of third-party infrastructure.
Such events may cause delays, suspension, loss of access or inability to execute transactions.
Negative publicity, regulatory actions, cyber incidents, insolvencies, fraud or failures affecting AXENTE, third-party providers, Crypto Assets, issuers, execution venues or the broader digital asset industry may reduce market confidence and adversely affect liquidity, pricing or access to Services.
Certain blockchain networks may consume significant energy or have environmental impacts. Regulatory measures, public perception or sustainability concerns may negatively affect the use, value or availability of certain Crypto Assets.
The Client is solely responsible for understanding the risks of Crypto Assets and the Services, monitoring its positions, verifying transaction details, securing its own systems and credentials, complying with applicable laws, and seeking independent advice where necessary.
The Client acknowledges that it may suffer partial or total loss of its Crypto Assets, fiat funds or stablecoins.
To the fullest extent permitted by applicable law and subject to the GT&CS, AXENTE shall not be liable for losses, damages, delays, costs, missed opportunities or other adverse consequences resulting from the risks described in this Special Risk Disclosure Notice.
AXENTE may amend this Special Risk Disclosure Notice at any time in accordance with the GT&CS. Unless the Client objects within the applicable objection period, the amended version shall be deemed accepted.
By entering into or continuing the Business Relationship with AXENTE and by using the Services, the Client confirms that it has read, understood and accepted this Special Risk Disclosure Notice and the risks described herein.
AXENTE SWISS GmbH is a company incorporated under Swiss law and qualifies as a Swiss financial intermediary pursuant to the Swiss Anti-Money Laundering Act (AMLA). AXENTE SWISS GmbH is affiliated with VQF (Verein zur Qualitätssicherung von Finanzdienstleistungen), a Swiss self-regulatory organisation (SRO) recognised by the Swiss Financial Market Supervisory Authority (FINMA). VQF SRO Membership No. 101299.
AXENTE SWISS GmbH is not authorised under the EU Markets in Crypto-Assets Regulation (MiCA) and is not authorised by any competent authority of the European Union or the European Economic Area to provide regulated services in the EU/EEA. AXENTE SWISS GmbH does not actively market or solicit its services outside Switzerland. Any relationship with non-Swiss clients may only be entered into where the client has approached AXENTE SWISS GmbH on its own initiative and where such relationship is permissible under applicable law and internal compliance policies.
The services described on this website are intended for corporate clients only, subject to onboarding, eligibility, and compliance approval. AXENTE SWISS GmbH does not offer custody of digital assets as a stand-alone service and does not accept public deposits. Persons or entities located in jurisdictions where AXENTE SWISS GmbH is not authorised, or where access to such services would be unlawful, must not use this website or the services described herein.