Terms & Conditions

These Terms & Conditions ("Terms") govern your pre-application ("Pre-Application") for priority access to the prēcinct Genesis Fund SPC ("Genesis Fund"), operated by prēcinct Ltd ("prēcinct," "we," "us," or "our"), an exempted company incorporated in the Cayman Islands. By submitting a Pre-Application, you ("you" or "Applicant") agree to these Terms. If you do not agree, do not submit.

1. Nature of Pre-Application

• The Pre-Application is a non-binding expression of interest for potential eligibility in the Genesis Fund, which offers priority access to bitcoin-collateralized mortgages in select markets (e.g., Lisbon, Cape Town).

• Submission does not guarantee approval, funding, membership, or any benefits. It allows us to review your profile and property for preliminary eligibility.

• No financial commitment or capital is required from you at this stage. We may contact you for further information.

• Final loan applications, if any, require separate agreements, KYC/AML compliance, property checks, and bitcoin collateral review.

• The Genesis Fund is capped at €30,000,000 and allocated on a first-approved, first-served basis among eligible applicants.

2. Eligibility and Review

• You must be a foreign national (non-resident in the target property's jurisdiction) owning or seeking premium real estate in approved markets.

• You confirm understanding of prēcinct's bitcoin mortgage basics: 100% LTV financing, 50% bitcoin collateral requirement, variable interest (interest-only for first 7 years), and 15% performance fee on bitcoin gains (calculated on 220-day moving average at entry/exit).

• We reserve the right to reject any Pre-Application at our discretion, without reason.

• If approved for priority status, you may activate a mortgage once funding is available, subject to final terms and conditions.

3. Data Collection and Privacy

• You will provide accurate information about yourself, your property, and financial profile.

• We collect and process your data in accordance with our Privacy Policy (linked on our website). By submitting, you consent to such processing, including for eligibility review, marketing, and compliance.

• Data may be shared with affiliates, legal counsel (e.g., Appleby), custodians (e.g., BitGo), and regulators as required.

• You have rights under applicable data protection laws (e.g., GDPR if relevant); see Privacy Policy for details.

4. Disclaimers and Risks

• This is not an offer to sell securities, financial instruments, or loans. It does not constitute investment, legal, tax, or financial advice. Consult your own advisors.

• All terms (e.g., interest rates, fees, benefits) are indicative and subject to change based on capital funding, regulatory clearance, and final agreements. Genesis Member benefits (e.g., 15% reductions on rates/fees, priority access) apply only if a mortgage is concluded within the fund cap and timeframe.

• Bitcoin and property markets involve risks, including volatility, loss of value, and regulatory changes. prēcinct makes no warranties on performance or outcomes.

• No margin calls, rehypothecation, or liquidations except in default scenarios as described in our product materials.

• Access may be restricted in certain jurisdictions; you are responsible for complying with local laws.

5. Intellectual Property

• All content, trademarks (e.g., "prēcinct," "Genesis Fund"), designs, and materials on our website or in communications are owned by prēcinct or licensed to us.

• You may not copy, reproduce, distribute, or use them without our written consent, except for personal, non-commercial review of your Pre-Application.

• Copyright © 2025 prēcinct Ltd. All rights reserved.

6. Limitations of Liability

• To the fullest extent permitted by law, prēcinct, its affiliates, directors, and partners disclaim liability for any direct, indirect, incidental, or consequential damages arising from your Pre-Application, including data loss, errors, or reliance on information.

7. Termination and Changes

• We may terminate or suspend the Pre-Application process at any time without notice.

• These Terms may be updated; continued submission after changes constitutes acceptance. Check our website for the latest version.

8. Governing Law and Dispute Resolution

• These Terms are governed by Cayman Islands law, without regard to conflict of laws principles.

• Any disputes shall be resolved exclusively in the courts of the Cayman Islands.

• If any provision is unenforceable, the remainder remains in effect

Contact

• Questions? Email clients@precinct.finance.