Terms of Service

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.

• Privacy Policy

2. Description of Service

Lex provides non-custodial wallet software for holding and transferring supported digital assets on public blockchain networks. Where enabled, Lex also provides a self-directed interface for users to authorize fixed-route swaps through third-party on-chain protocols. The user's wallet submits the transaction and the protocol executes it; Lex does not custody assets, maintain an exchange balance, act as principal or counterparty, or provide brokerage or investment-advisory services. Separately, the provider identified in the app — not Lex — provides virtual account numbers and executes any fiat deposit, withdrawal, fiat/USDC conversion, and settlement under that provider's terms. Lex is a financial technology company, not a bank. Digital assets are not legal tender and are not insured by the FDIC, IPAB, FGC, or any deposit-insurance scheme. Ask Lex provides AI-generated financial education, descriptive account information and user-defined calculator scenarios. It does not select investments, determine suitability or provide personalized investment, tax or legal advice. Answers can be incorrect or incomplete; cited sources and timestamps help you check them. Scenarios are illustrations based on the inputs shown, not predictions or guarantees. Ask Lex can open a standard Lex flow when you ask how to use it, but it cannot execute a transaction or authorize one for you.

3. Eligibility and Verification

Features are available only in supported jurisdictions. Creating and using the basic non-custodial wallet does not require a separate Lex identity-verification or sanctions-screening profile. Optional bank, card, or other partner programs may require the identity, age, sanctions, and other checks disclosed for that program. Buying or selling tokenized stocks requires an eligible account country and your confirmation that you are at least 18, are not a U.S. person, and are outside the United States. You agree to provide accurate, current information. We and our partners may decline, suspend, or close access 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

Any Lex fee, provider fee, exchange rate, price impact, minimum output, and network (gas) cost applicable to a transfer, conversion, or swap is shown in the app before you confirm it. Fiat providers supply and execute their own quotes under their terms. For an on-chain swap, Lex displays output from an approved protocol route and compares it with an independent reference price, but the third-party smart contract executes the transaction from your wallet. Quotes expire and prices may change before confirmation. We may change Lex fees prospectively; changes will be reflected in the app. Lex requests gas sponsorship through our wallet infrastructure provider for transactions prepared and authorized through Lex’s supported sponsored path. Sponsorship depends on the route, provider availability and successful processing; it is not a promise that every transaction or external wallet action is free. A transfer received from another wallet or handled by a bank provider does not establish Lex gas sponsorship. Sponsorship does not cover the asset amount, price impact or separate provider charges.

6. Digital Asset Risk Disclosure

Digital assets involve risk. Stablecoins, including currency-denominated stablecoins, may lose their intended value and depend on their issuer, reserves, redemption terms, and available liquidity. Tokenized stocks are blockchain tokens and are not shares held in a brokerage account; they involve issuer, price-tracking, oracle, liquidity, smart-contract, regulatory, and underlying-market-hours risk. On-chain swaps may fail or execute at the disclosed minimum output, and transactions are generally irreversible. Yield products are provided through third-party 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

Card and membership pages describe proposed products and invitation or waitlist applications. A request, waitlist position or approval for the wallet does not guarantee card issuance, a bank account, concierge benefits or a launch date. Cards and related financial services, if offered, require separate provider terms, eligibility and availability. The wallet’s transfer, trading and yield options also vary by platform, asset, country, liquidity and enabled provider route.

10. Third-Party Services

Parts of the service are provided by third parties, including banking, payment, and fiat-conversion providers, wallet key infrastructure, digital-asset issuers, on-chain liquidity and routing providers, reference-price feeds, other protocols, and blockchain networks, under their own terms. The provider identified for a fiat route is the provider and counterparty for its transaction and is responsible for any required verification, quote, conversion, and settlement. For self-directed swaps, the user's wallet interacts with the identified protocol; Lex is not the exchange, broker, custodian, principal, or settlement counterparty. Lex remains responsible for the services Lex provides. To the extent permitted by law, Lex is not responsible for third-party acts or omissions, including delays or failures of issuers, price feeds, liquidity, banking rails, protocols, or blockchain networks; nothing in these Terms limits rights that cannot lawfully be waived. Review the agreement presented for your actual route, issuer and jurisdiction.

11. User-Directed Vaults and Transferable Shares

You choose whether, when and how much to deposit into or withdraw from a supported third-party vault. Review the vault, curator, strategy, transaction and risk disclosure before authorizing. Lex integrates vaults operated and curated by third parties; Lex does not operate those vaults or control their investment outcomes. Vault shares represent a position in the relevant smart contract. Where supported, you can send or receive those shares directly or request them through a payment link. Transferring shares transfers the associated position; it is not a withdrawal into USDC or a guarantee of redemption value. Confirm the exact share token, quantity, network and recipient. The recipient must be able and eligible to hold and use it. Rates and displayed share values change. Withdrawals and redemption depend on available liquidity, borrower repayment, protocol limits and functioning contracts. They may be delayed or unavailable, and a quoted value may differ from what you can recover. Curator decisions, bad debt, smart-contract failures and market conditions can cause partial or total loss. Vaults and their shares are not bank deposits and have no deposit insurance.

12. Charts, Valuations and Returns

Portfolio and asset charts, balances, reference prices, share conversions and returns are informational estimates, not executable quotes, tax statements or advice. Historical values use available prices and blockchain evidence at particular times; they can be delayed, incomplete or unavailable. A displayed USDC value of US$1 is a valuation assumption, not a redemption guarantee. The portfolio line includes deposits and withdrawals. Where sufficient evidence exists, estimated investment returns adjust for verified external cash flows; they are not simply the change in total balance. The app may retain the latest verified return for a selected period while refreshing a live balance. Missing evidence does not mean a zero return. Market prices, fees, price impact, liquidity and execution timing can make actual proceeds differ. Review the current transaction quote and minimum output before signing.

13. Tokenized-Stock Rights and Restrictions

A tokenized stock is a separate issuer product held in your blockchain wallet, not a brokerage account at Lex or direct registration in the underlying company’s shareholder register. The tokenized stocks available in Lex are issued by third-party issuers, not by Lex. Each asset’s page on the Lex website identifies its issuer and links to the issuer’s documents. Rights differ by issuer and are set by each issuer’s documents, which describe the interest a token represents and any conditions for recognizing a holder’s rights. Possessing a token or completing Lex’s three eligibility confirmations does not itself satisfy an issuer’s conditions for recognizing those rights. Redemption, voting and other rights depend on the issuer’s verification, eligibility and procedures; rights may be unavailable until those requirements are satisfied. Restrictions can apply to acquisition, holding and transfer, including U.S.-person and geographic restrictions. Issuer controls can freeze or restrict tokens. Dividends, corporate actions, fees and taxes may affect value. Review the relevant issuer documents and supplements; Lex does not guarantee issuer performance, redemption or a liquid resale market.

• Asset pages: the issuer and documents for each asset

14. Taxes and Records

You are responsible for determining, reporting and paying taxes arising from your holdings, transfers, swaps, vault activity, share transfers and other transactions, and for keeping the records required in your jurisdiction. Lex’s charts and return estimates may not establish taxable gains, losses, income or cost basis. Obtain independent tax advice when needed. Any reporting or withholding required of Lex or a provider does not replace your own obligations.

15. Deletion and Wallet Access

Account deletion ends access to Lex and starts removal of its stored personal and portfolio history data under the Privacy Policy. It does not reverse transactions, redeem vault shares, transfer remaining assets or erase public blockchain records. Required compliance evidence and provider-held records may remain. A limited encrypted recovery locator is preserved by default; keep your own wallet and recovery information safe.

• Privacy Policy
• Account deletion
• Support

16. 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.

17. 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.

18. 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.

• Email Lex Support