Terms of Service
Last updated: August 10, 2026
These Terms of Service ("Terms") govern your use of the website and mobile application operated by Gingham Holdings, Inc. d/b/a Lex ("Lex," "we," "us," or "our"). By using our services, you agree to these Terms.
1. Acceptance of Terms
By accessing our website, creating an account in the Lex app, or using any of our services, you confirm that you have read, understood, and agree to be bound by these Terms and our Privacy Policy. If you do not agree, do not use our services.
2. Description of Service
Lex provides a non-custodial digital wallet that holds USDC, a digital dollar stablecoin, on public blockchain networks. Through regulated partners, the app offers virtual account numbers for receiving bank transfers, payouts to bank accounts, and optional access to on-chain yield products. Lex is a financial technology company, not a bank. Banking, payment, and digital-asset services are provided by licensed third-party partners. Digital assets are not legal tender and are not insured by the FDIC, IPAB, or any deposit-insurance scheme.
3. Eligibility and Verification
You must be at least 18 years old and reside in a supported jurisdiction. Certain features require identity verification by our partners; you agree to provide accurate, current information and to complete verification when asked. We and our partners may decline, suspend, or close accounts to meet legal or risk obligations.
4. Your Wallet and Your Responsibility
Your wallet is non-custodial: it is controlled by a cryptographic key secured by a passkey on your device. Lex never holds your funds and cannot move them without your authorization. You are responsible for maintaining access to your device, your passkey, and your recovery methods. If you lose all of them, your funds may be permanently unrecoverable — by design, Lex cannot restore access for you. Blockchain transactions are irreversible; always verify addresses and amounts before confirming.
5. Fees
Fees applicable to a transfer, conversion, or other operation are shown in the app before you confirm it. Our partners' processing fees and network (gas) costs may be included in displayed rates. We may change fees prospectively; changes will be reflected in the app.
6. Digital Asset Risk Disclosure
Digital assets involve risk. Stablecoins such as USDC are designed to maintain a stable value but may not always do so; their value depends on the issuer and its reserves. Yield products are provided through third-party on-chain protocols; returns are variable, are not guaranteed, and can result in loss of principal. Blockchain networks may experience congestion, forks, or failures beyond our control. You alone are responsible for evaluating these risks.
7. Prohibited Use
You may not use Lex to violate any law; to launder money or finance terrorism; to evade sanctions; to engage in fraud or market abuse; to infringe others' rights; or to interfere with the operation or security of our services. You may not use the services if you are located in, or a resident of, a jurisdiction subject to comprehensive sanctions, or if you appear on a sanctions list.
8. Intellectual Property
All content, trademarks, software, and materials in our services are owned by Lex or its licensors and are protected by law. You may not reproduce, modify, or create derivative works without our prior written consent.
9. No Guarantee of Product Features
Features described on our website or in the app — including card products, rails, currencies, and yield options — may change, be discontinued, or never launch. Waitlist position does not guarantee access to any product. Physical card products, where offered, are subject to separate terms and issuance by licensed partners.
10. Third-Party Services
Parts of the service are provided by third parties (including banking partners, key-infrastructure providers, and blockchain networks) under their own terms. We are not responsible for the acts or omissions of third parties, including delays or failures of banking rails or blockchain networks.
11. Disclaimer of Warranties; Limitation of Liability
Our services are provided "as is" and "as available," without warranties of any kind, express or implied. To the maximum extent permitted by law, Lex and its officers, directors, employees, and partners shall not be liable for indirect, incidental, special, consequential, or punitive damages, or for loss of funds resulting from your loss of access to your passkey or recovery methods, from blockchain network behavior, or from acts of third parties. Our aggregate liability shall not exceed the greater of one hundred U.S. dollars or the fees you paid us in the twelve months before the claim.
12. Governing Law
These Terms are governed by the laws of the State of Delaware, without regard to conflict-of-law principles. Disputes shall be resolved in the state or federal courts located in Delaware, and you consent to their jurisdiction.
13. Changes; Contact
We may update these Terms from time to time; material changes will be announced through the website, the app, or by email, and continued use constitutes acceptance. Questions: support@getlex.com.