I. Acceptance of Terms and Conditions

These Terms and Conditions constitute a binding agreement between the User and VelaFi. They govern access to and use of our platform, as well as the services offered on it.

By registering with VelaFi, accessing the platform, or using our services, the User declares that they have read, understood, and fully accepted these Terms. The User also acknowledges and agrees that use of the platform binds them and/or their represented entity to comply with this agreement.

If you do not agree to these Terms and Conditions in full, you must not register, access the platform, or use our Services.

II. Definitions

  1. VelaFi: The trade name used by any of the entities listed in Section II of this Agreement, which are responsible for providing services in the various countries where VelaFi operates.
  2. User: Any natural person or legal entity that uses VelaFi’s services.
  3. Platform: The digital platform through which VelaFi offers its services.
  4. Virtual Assets: A representation of value recorded electronically and used by the public as a means of payment for all types of legal acts, the transfer of which can only be carried out through electronic means.
  5. Services: The activities VelaFi will perform for the Client, detailed in Section IV of this Agreement.
  6. Terms and Conditions: The rules applicable to the use of the Services mentioned herein and governing the relationship between VelaFi and its users.
  7. Entities: The duly incorporated companies that are parties to this Agreement and will provide the service.
  8. Profile: The personal account the User creates and uses within the platform to carry out their transactions.
  9. Authorized Users: Persons designated by the User who are permitted to access and use the Services through the platform.

III. Scope of Application

These Terms and Conditions apply to all Users who make use of VelaFi’s services, regardless of the country or jurisdiction from which the services are used. Such use will be deemed tacit acceptance of these Terms and Conditions.

If the User has entered into any additional agreement with VelaFi for the provision of any Service, that agreement will prevail over these Terms and Conditions.

VelaFi provides its Services in various jurisdictions through the following Entities:

  1. Nebula Network S.A. de C.V. (México).

    Regulated under the  Ley Federal para la Prevención e Identificación de Operaciones con Recursos de Procedencia Ilícita, artículo 17, fracción XVI.

    Article 17, Section XVI.

    For international reference, operates as a Virtual Asset Service Provider (VASP). Under Mexican law, it is registered as a Vulnerable Activity, registration granted by the Servicio de Administración Tributaria (SAT).

  2. Galactic Holdings Inc. (Argentina).

    Regulated under Law No. 25,246 and complementary resolutions of the Unidad de Inteligencia Financiera (UIF), especially Resolutions No. 35/2023, 200/2024, and 49/2024, as well as National Securities Commission (CNV) General Resolution No. 1058/2025, which establishes the registration and supervisory regime for Virtual Asset Service Providers (VASPs).

    Registered as a VASP under No. 30 on May 24, 2024, in the CNV Register of Virtual Asset Service Providers. Classified as an Obliged Entity before the UIF, without implying a license and excepting supervision by the CNV.