# ARP Digital > The GCC partner that institutional investors, exchange houses, and global fintechs rely on to move, settle, and grow capital across the Gulf. Source: https://www.arpdigital.io ## Core ### Digital Capital in Motion URL: https://www.arpdigital.io/en The GCC partner that institutional investors, exchange houses, and global fintechs rely on to move, settle, and grow capital across the Gulf. #### Digital Capital in Motion The GCC partner that institutional investors, exchange houses, and global fintechs rely on to move, settle, and grow capital across the Gulf. One Counterparty. Multi-Licensed. Built to Be the Region's Next Financial Institution #### Digital capital is created globally. It gets trapped locally. Capital should move as freely as information. Digital assets created a new form of capital - programmable, borderless, 24/7 - but the global economy still lacks the infrastructure to deploy it where it matters. Not just to trade it. Not just to hold it. But to use it: to settle a corridor, fund a real estate purchase, clear a physical commodity trade, pay a supplier in Shenzhen. Until now. #### Numbers that move real money. - **$3.5B+** — Volume Processed - **450+** — Clients - **4+** — Extended Licenses - **4x** — Volume Growth 2025 - **99.99%** — Platform Uptime - **10+** — Currencies Supported #### ARP Flow. One platform. All your capital needs. Institutional trading, corridor settlement, and capital conversion under one integrated solution. **Convert — The GCC's deepest OTC liquidity desk.** Institutional-depth digital asset liquidity, 24/7. Bilateral settlement in fiat or stablecoin, T+0. The only CBB-licensed desk of its kind in the GCC. - LPs/market makers - Traders/arbers - Institutional clients **Send — Remittance, corridor settlement and onramp/offramp. Fiat in. Fiat out.** Your correspondent bank takes three days and charges for every leg. We replace both. International corridor rails powered by stablecoin settlement, invisible to your clients, material to your treasury. - Exchange houses - Global fintechs - SMEs Importers **Receive — Collections & payouts. Crypto-to-fiat conversion. No volatility. No custody risk.** Your bank blocks crypto-origin funds. Your clients miss margin calls waiting for wire transfers. We convert digital assets to GCC currencies, USD, or Euro, settled directly to your bank account. Your business never touches crypto. - Real Estate - FX & CFD Brokers #### Institutional service. Human scale. Every client has a named relationship manager. Direct phone. Direct WhatsApp. Full API and dashboard access for operational efficiency. - White glove services - Concierge onboarding - API, dashboard, or direct line #### Built from within the Gulf. Every credible competitor navigates GCC rails from a distance. Co-founded by Abdulaziz and Abdulla Kanoo, fifth-generation twins from GCC's 135-year Kanoo Group, ARP Digital was built from the inside, licensed here, operating here, built to stay here. #### You deserve a licensed and regulated counterparty. - **FINTRAC** (The Financial Transactions and Reports Analysis Centre of Canada) #### Put your digital capital to work Expert-managed vehicles with institutional governance and a team you can call, built for sophisticated investors and institutions seeking regulated digital asset allocation. ### Unlocking digital capital for the real economy URL: https://www.arpdigital.io/en/about The GCC's missing infrastructure for institutional-grade digital capital. Built from within the region to put digital wealth in motion. #### We Are ARP Digital #### Manifesto For centuries, capital moved through institutions you could see - banks with branches, clearinghouses with addresses, correspondents with names. Trust was built through proximity, regulation, and time. That model worked because the assets it moved were anchored to the physical world. That world has changed. Digital assets have created a new form of capital - programmable, borderless, and available twenty-four hours a day. In the years ahead, significant portions of global wealth will be held, transferred, and settled on digital rails. In the GCC, that infrastructure mostly does not exist. The region processes billions in annual remittance volume, hosts some of the world's most active real estate markets, and sits at the centre of global commodity trade flows. Yet it has almost no institutional-grade infrastructure to move digital capital through the real economy at scale. This is where ARP Digital comes in. The infrastructure was missing. We are here to build it, and unlock digital capital for the institutions that move the real economy. #### Built from within the Gulf. Every credible competitor navigates GCC rails from a distance. Co-founded by Abdulaziz and Abdulla Kanoo, fifth-generation twins from GCC's 135-year Kanoo Group, ARP Digital was built from the inside - licensed here, operating here, built to stay here. ##### Yusuf Alireza Non-Executive Chairman — ARP Digital URL: https://www.arpdigital.io/en/about/leadership/yusuf-alireza Yusuf brings two decades of institutional financial leadership to ARP's board. As President of Goldman Sachs Asia and a Partner of the firm, he was a member of the Goldman Sachs Global Management Committee. He later founded ARP Global Capital Limited, a multi-asset hedge fund that ranks in the top quartile globally and was recently recognized with the EuroHedge Awards 2025 in the Discretionary Macro category. He currently serves as a Board Member at EDB Bahrain, the Economic Development Board. ##### Abdulaziz Kanoo Co-Founder & Co-CEO — ARP Digital URL: https://www.arpdigital.io/en/about/leadership/abdulaziz-kanoo Abdulaziz is a fifth-generation member of the Kanoo Group, GCC's 135-year institutional family with deep roots in trade, shipping, and finance across the Gulf. Before co-founding ARP, he was Co-Head of MENA at Amber Group, the $3 billion Temasek-backed digital asset wealth manager and market maker, where he built institutional relationships across the GCC that now anchor ARP's client base. Prior to Amber Group, Abdulaziz worked as a venture capital investor at BECO Capital and Palm Drive Capital. The combination of institutional family network, digital asset operating experience, and VC pattern recognition shapes how ARP identifies and builds new product lines. ##### Abdulla Kanoo Co-Founder & Co-CEO — ARP Digital URL: https://www.arpdigital.io/en/about/leadership/abdulla-kanoo Abdulla co-founded ARP alongside his twin brother Abdulaziz, bringing the same fifth-generation Kanoo Group foundation and Co-Head of MENA experience at Amber Group. His technical background is distinct: a specialist in statistical arbitrage and delta-neutral strategies in the digital asset space, with an MS in Operations Research and Financial Engineering from Columbia University Fu Foundation School of Engineering. Abdulla leads ARP's product and technical architecture. The quantitative rigour behind ARP's netting engine, rate optimisation, and settlement infrastructure reflects his background in financial engineering applied to digital asset markets. #### Designed for Institutions. Trusted by banks, exchange houses, stablecoin issuers, and global fintechs across the GCC. - **FINTRAC** (The Financial Transactions and Reports Analysis Centre of Canada) ### We are ARP Digital URL: https://www.arpdigital.io/en/vision We believe in a world where digital capital moves freely across markets, borders, and economies. Built from within the Gulf to unlock digital capital for the institutions that move the real economy. #### Unlocking Digital Capital for the Real Economy #### Manifesto We believe in a world where digital capital moves freely across markets, borders, and economies. For centuries, capital moved through physical institutions, banks, clearinghouses, and correspondents, where trust was built through proximity and time. That world has changed. Digital assets have created a new form of capital that is programmable, borderless, and available around the clock. The GCC stands as a global powerhouse, processing billions in annual remittance volume and acting as a central hub for international commodity trade flows. Yet, the region has lacked the institutional-grade infrastructure required to move digital capital through the real economy at scale. The critical rails were simply missing. This is why ARP Digital exists. We are here to build that missing infrastructure, put digital wealth in motion, and unlock digital capital for the institutions that drive the real economy. #### Our culture & core values To build the future of finance, we need a team that operates with purpose. - **Urgency**: The future of finance won't wait. We are driven by a shared, relentless momentum to deliver real-world impact now. We move with agility and purpose, giving you the runway to rapidly build and deploy the groundbreaking solutions our region urgently needs today. - **Curiosity**: We are pioneers exploring the absolute frontier of digital capital. Here, your questions are the catalyst for breakthroughs. We challenge you to push boundaries, explore uncharted technological rails, and invent the innovations that will seamlessly bridge the digital and physical economies. - **Decisiveness**: In a landscape defined by complexity, bold action wins. We strip away bureaucracy to empower your expertise. You will have the true autonomy to make clear, strategic choices, and the profound trust of leadership to execute them without hesitation. - **Accountability**: We are architecting the foundation of a new financial era. With that comes deep, meaningful ownership. We trust you to build institutional-grade infrastructure that stands the test of time, taking absolute pride in delivering the uncompromising security and reliability our clients depend on. #### Join the team - **450+** — Clients - **4x** — Volume Growth 2025 - **99.99%** — Platform Uptime - **4+** — Extended Licenses - **10+** — Currencies Supported > Being part of ARP Digital's rapid growth from its early stage has been remarkable. As Head of Operations, I've built our operational framework with full autonomy. The dynamic environment and leadership's trust enables continuous innovation and meaningful impact. — Head of Operations > What I love vision working here is that no two days are the same. The challenges are real, but so is the support from the team. We're building something incredible in the digital assets space, and it feels great to be part of it. — Senior Operations Associate ### How much are you losing to bank FX fees? URL: https://www.arpdigital.io/en/rates Enter your cross-border payment details to see exactly what you're paying today - and what you'd save with ARP Flow. #### How much are you losing to bank FX fees? Enter your cross-border payment details to see exactly what you're paying today - and what you'd save with ARP Flow. #### How we calculate this - Provider FX markup and SWIFT fees use typical values for each provider category; your actual costs may be higher or lower. - ARP GPS pricing reflects published corridor fees and premiums at time of quote and is subject to volume and onboarding. - FX rates are mid-market cross-rates sourced from Yahoo Finance and refresh at most hourly. ## Products ### Move More Volume. Keep More Margins URL: https://www.arpdigital.io/en/products/send The regulated settlement layer that exchange houses, fintechs, and importers use to move capital across GCC corridors. Same-day. No pre-funding. Up to 80% cheaper than correspondent banking #### Move More Volume. Keep More Margins The regulated settlement layer that exchange houses, fintechs, and importers use to move capital across GCC corridors. Same-day. No pre-funding. Up to 80% cheaper than correspondent banking #### Metrics - **50–80%** — vs correspondent banking and MTO infrastructure. - **2–3×** — vs conventional MSB and bank channels on the same volume. - **Zero.** — Fixed costs only. Full transparency upfront. - **Same-Day** — No 2–5 day delay. Capital freed from Nostro pre-funding. - **SWIFT alternative** — Direct local rails on both ends. No SWIFT intermediary, no cut-off windows, no multi-hop latency. - **5+ corridors** — Previously inaccessible corridors. GCC → South Asia, East Africa, Intra-GCC. Live today. #### Audiences **Your MTO replacement.** Banks locked capital at every correspondent. MTOs removed the capital charge but kept the balance sheet cost. ARP Digital replaces the entire correspondent chain. **Your licensed GCC payout node.** GCC is a genuine gap in your global payout network. No licensed node that accepts stablecoins and disburses clean AED locally - compliantly, at scale. Send USDT or USDC to ARP. Your clients receive local fiat. **Settle your corridor same day.** Supplier settlements via correspondent banking take 3–5 days and charge multi-layer fees at every step. The cost is opaque. The timing disrupts your supply chain. ARP Digital settles same day with fixed costs upfront. #### Fiat in. Fiat out. We handle everything in between. Two local transactions. One invisible bridge. Your client deposits locally. We settle the cross-border leg using our own infrastructure. The recipient receives fiat through their local rails. No SWIFT. - **Better FX Rates**: Proprietary order flow netting delivers rates no bilateral correspondent can match. Margin improvement flows directly to your bottom line. - **Same-Day Settlement**: No 2–5 day delay. Working capital freed from nostro pre-funding. Faster cycles, better liquidity management. - **Corridor Reach**: GCC → South Asia, Africa, Southeast Asia. Corridors previously unavailable or only accessible via costly intermediaries. - **Regulated Counterparty**: Single MSB entity. FINTRAC registered, CBB supervised. AML/KYC built in. One relationship, full compliance coverage. - **Invisible Integration**: Your clients use the same local payment methods. ARP handles the cross-border leg. No operational disruption. - **Real-Time Visibility**: Fixed fees upfront. Transaction tracking in real time. Full reconciliation and reporting. No surprises. #### Run it yourself. Or plug it in. Whether your team operates through a dashboard or builds programmatically, ARP Digital is available the way your business works. **Platform** Log in, select your corridor, enter your amount, and submit. ARP handles the settlement leg. - No integration - Live FX quotes - Real-time tracking - Audit export **API** Embed ARP Digital directly into your platform or product. Trigger corridor settlements, receive webhook confirmations, and serve your end clients clean local fiat, without them knowing the mechanism behind it. - REST API - Webhooks - Sandbox - Days, not months #### Compare Exchange Rates See how much you're really paying. Compare your bank's rate against ARP Digital and mid-market rates. #### Designed for the corridors your clients are already sending to. - **GCC to South & Southeast Asia** (Corridor 01 - Live): AED → INR · PHP - **Intra-GCC** (Corridor 02 - Live): AED ↔ KWD ↔ BHD - **GCC - Europe** (Corridor 03 - Live): AED ↔ EUR - **GCC to East Africa** (Corridor 04 - Coming soon): AED → ETB · KES · UGX #### One regulated counterparty. No multi-jurisdiction complexity. ARP Digital operates as a single regulated counterparty. One relationship, one AML framework, one documented entity, not a chain of correspondents with gaps between them. - **FINTRAC Registered MSB - Canada**: The Group MSB is the contracting counterparty for all cross-border arrangements with GCC exchange houses. - **AML / KYC Built In**: Transaction monitoring, sanctions screening, and KYC verification embedded at no additional build cost to partners. #### Digital capital moves in multiple directions. ARP Digital handles all of them - under one licenced, fully integrated platform. - **Convert** — Swap fiat to stablecoin or crypto to local currency. 24/7. Institutional depth. - **Send** — Settle corridors in minutes. No pre-funding. No SWIFT delays. Your clients receive fiat. - **Receive** — Receive digital assets. Settle in local fiat. Automatic conversion to GCC currencies, USD, or Euro, directly to your bank account. Your business never touches crypto. #### FAQ **How does ARP Digital replace MTO infrastructure?** ARP Digital operates as a licensed netting engine. Exchange houses send local deposits through existing rails. ARP nets opposing positions across corridors and delivers local payouts at the destination, same day, no pre-funding required. **Does ARP Digital require end clients to interact with crypto?** No. ARP Digital is fiat in, fiat out. End clients send and receive in local currency through their usual payment methods. The stablecoin settlement layer is entirely within ARP's infrastructure and invisible at every point. **Which corridors does ARP Digital settle today?** Active corridors: GCC to South and Southeast Asia (AED to INR and PHP), GCC to East Africa (AED to ETB, KES, UGX), and Intra-GCC (AED, KWD, BHD). **What licences does ARP Digital operate under?** ARP Digital is Licensed as Capital Market-Crypto Assets Service Provider (Cat3) by the Central Bank of Bahrain, and operates through a FINTRAC-registered Money Services Business, which is the contracting counterparty for all cross-border arrangements with GCC partners. **How long does API integration take?** Three days. Partners with an engineering resource available integrate ARP GPS in three working days from credential issuance. No custom development required on ARP's side. ARP's integration team provides sandbox access, test transactions, and dedicated technical support. **Is a Postman collection available?** Yes. ARP provides a full Postman collection covering all GPS endpoints, initiate, track, confirm, and reconcile, available immediately on request alongside sandbox credentials. The collection covers the full transaction lifecycle and is maintained in line with API updates. Speak to the team or your named RM to receive access. ### Trade at Depth. Settle in the Gulf URL: https://www.arpdigital.io/en/products/convert Institutional-depth GCC liquidity, 24 hours a day. Multi-licensed. Direct desk access. Block trades confirmed and settled same day #### Trade at Depth. Settle in the Gulf Institutional-depth GCC liquidity, 24 hours a day. Multi-licensed. Direct desk access. Block trades confirmed and settled same day #### Metrics - **24/7** — Round-the-clock execution. No business-hours constraint. - **T+0** — Same-day settlement in fiat or stablecoin. - **10+** — AED, BHD, OMR, KWD, JOD, USD, EUR, GBP, TRY. - **Tier 1** — Backed by Tier 1 GCC banking relationships most digital asset desks cannot access. #### Why does a licensed OTC desk matter in the GCC? **Licensed, banked, and connected where it matters.** ARP's licensing and shareholding structure enables banking relationships with the majority of Tier 1 GCC banks - relationships structurally unavailable to most digital asset firms in the region. **Deep liquidity & Institutional stablecoin on/off ramp across GCC currencies.** Real inventory depth. Convert AED or BHD to USDT or USDC at rates no retail exchange can match. Settle same day. **Round-the-clock execution and dedicated support** Traders and arbitrageurs' opportunistic windows do not wait for business hours. ARP's desk operates 24/7, 7 days a week. #### Institutional service. Human scale. Every client has a named relationship manager. Direct phone. Direct WhatsApp. - White glove services - Concierge onboarding - Platform or direct line #### Fiat currencies we support ARP Digital settles across 10+ fiat currencies and major regulated stablecoins. All local currency settlement uses direct local payment rails - no correspondent bank intermediary, no SWIFT delay. - USD - AED - BHD - OMR - KWD - JOD - EUR - GBP - TRY #### The rails behind the rate ARP Digital settles through direct local payment infrastructure: no correspondent bank intermediary, no SWIFT delay, no capital idle time between execution and receipt. **01. Local Rails for On / Off-Ramp** Direct access to local payment infrastructure in BHD and AED markets. No correspondent intermediary required. **02. Local Collection** Funds collected in local currency via bank transfer, mobile money, or direct banking rails. AML-verified at point of collection. **03. Local Payouts** Settlement disbursed in local fiat directly to your bank account. Same-day. #### The only multi-licensed counterparty in the GCC operating an institutional OTC desk - **FINTRAC** (The Financial Transactions and Reports Analysis Centre of Canada) #### Earn on the relationships you already have. ARP's referral programme is built for serious introducers. You refer. ARP handles the relationship, the compliance, and the execution. You earn on every transaction your referral makes, for as long as they trade. **01. You introduce the client** Make the introduction - in person, by message, or through a warm referral. ARP handles onboarding, compliance, and everything that follows. **02. We onboard and execute** Full KYC, AML, compliance handled by us. You have no liability, no operational overhead. **03. You earn on their activity** Your referral fee is calculated as a percentage of the fee we charge the referred client, paid quarterly, by bank transfer, for the duration of your referral period. **04. It renews if they grow** If your referred client grows their trading volume significantly, your referral period renews automatically. The more they trade, the longer, and more, you earn. #### Institutional by design. Built for your business. - High-volume LPs, traders & Arbitrageurs - Family Offices & HNWI - Banks & Financial Institutions #### Digital capital moves in multiple directions. ARP Digital handles all of them - under one licenced, fully integrated platform. - **Convert** — Swap fiat to stablecoin or crypto to local currency. 24/7. Institutional depth. - **Send** — Settle corridors in minutes. No pre-funding. No SWIFT delays. Your clients receive fiat. - **Receive** — Receive digital assets. Settle in local fiat. Automatic conversion to GCC currencies, USD, or Euro, directly to your bank account. Your business never touches crypto. #### FAQ **What licence does ARP Digital hold and what does it cover?** ARP Digital is Licensed as Capital Market-Crypto Assets Service Provider (Cat3) by the Central Bank of Bahrain (CBB). This is the highest-tier digital asset licence issued in Bahrain and covers OTC trading, settlement, and custody under one regulated entity. **What is the minimum trade size for ARP Digital?** Our OTC solution is designed for institutional block trades from $100,000 and above. Below this threshold, retail exchanges are typically sufficient. Above it, ARP provides the depth, discretion, and documentation that retail channels cannot. **Can I settle in stablecoin rather than fiat?** Yes. We settle in USDT, USDC, or any of 10+ supported fiat currencies (including AED, BHD, USD, EUR, GBP, TRY, OMR, KWD, and JOD). You choose the settlement currency at the point of trade confirmation. **How long does onboarding take?** Same day. Clients who submit documentation are onboarded and trading the same day. No multi-week compliance queue, no relationship manager gatekeeping the process. ### Accept Digital Assets. Receive Local Fiat URL: https://www.arpdigital.io/en/products/receive Institutional-grade crypto-to-fiat settlement platform, built for businesses that want to accept stablecoin globally without touching digital assets, carrying volatility risk, or managing crypto compliance #### Accept Digital Assets. Receive Local Fiat Institutional-grade crypto-to-fiat settlement platform, built for businesses that want to accept stablecoin globally without touching digital assets, carrying volatility risk, or managing crypto compliance #### Metrics - **T+0/1** — Same or next day. Directly to your bank account via local rails. - **Zero.** — Your business never holds, touches, or manages digital assets. - **6+** — AED, BHD, USD, INR, PHP. Settled via local banking rails. - **Zero** — Blockchain settlement is final. No reversals. No exposure. #### Audiences **Your next buyer is holding crypto.** International crypto holders are an active buyer segment for GCC real estate. Your bank blocks crypto-origin funds. Your deals stall waiting for wire transfers. ARP Digital lets you accept digital assets from buyers anywhere, and receive BHD, AED, or USD directly in your bank account, same or next day. **Instant top-ups. Same-day payouts.** Margin calls don't wait for bank transfers. ARP Digital gives your clients an instant, low-cost way to top up margin - before the liquidation window closes. #### Stop leaving this capital on the table. - **Expand your buyer base**: Access the growing segment of international crypto holders who prefer settling large transactions in digital assets. - **Zero market risk**: You receive fiat - GCC currencies or USD - at a confirmed rate. ARP absorbs the conversion. You have no exposure to crypto price volatility at any point in the process. - **Lower cost than traditional channels**: Every correspondent bank in the chain takes a cut. Credit cards charge 2–5% and take days to settle. ARP Digital replaces the entire chain with a single, all-inclusive fee, processing, FX, and settlement included. - **Faster deal closures**: Transactions that traditionally take 2–5 days via wire transfer complete in hours. No correspondent banking delays. No documentation back-and-forth. The deal closes when it should. #### Digital assets in. Local fiat out. Your client pays in stablecoin. Your bank receives local fiat. Everything that happens in between - conversion, compliance, documentation - is our responsibility. Not yours. **1. Client Onboarding** We onboard your client, not you. Identity verified. Wallet whitelisted. AML cleared. By the time the stablecoin moves, the compliance file is already closed. **2. Conversion** Your client funds their ARP wallet by sending USDT or USDC. ARP converts to your chosen fiat currency - GCC currencies or USD - at a live rate with no hidden spread. **3. vIBAN Settlement** Fiat is settled into a named virtual IBAN issued in your client's name. This creates a clean, documented fund trail - your bank sees a standard local transfer, not a crypto origin. **4. Transfer to Your Account** Your client initiates the transfer from their named vIBAN directly to your bank account. T+0 or T+1. Full transaction statement downloadable from the ARP dashboard. #### One regulated counterparty. No multi-jurisdiction complexity. ARP Digital operates as a single regulated counterparty. One relationship, one AML framework, one documented entity, not a chain of correspondents with gaps between them. - **KYC / AML / KYT Embedded**: Wallet whitelisting, identity verification, and transaction monitoring embedded at point of collection. Your bank receives documented, screened fiat. - **Zero Chargeback Risk**: Once settled, it cannot be undone. Blockchain-based transactions are final by design. No chargebacks, no reversals, no dispute process. #### Digital capital moves in multiple directions. ARP Digital handles all of them - under one licenced, fully integrated platform. - **Convert** — Swap fiat to stablecoin or crypto to local currency. 24/7. Institutional depth. - **Send** — Settle corridors in minutes. No pre-funding. No SWIFT delays. Your clients receive fiat. - **Receive** — Receive digital assets. Settle in local fiat. Automatic conversion to GCC currencies, USD, or Euro, directly to your bank account. Your business never touches crypto. #### FAQ **Does my business need to hold or manage crypto to use ARP Digital?** No. Your business never touches crypto at any point. Your client sends USDT or USDC to ARP. ARP handles conversion and compliance. You receive GCC currencies or USD directly in your bank account. **How does ARP Digital handle compliance for incoming crypto funds?** ARP onboards and KYC-verifies the sending party - your client - not your business. Wallet whitelisting, AML screening, and KYT protocols screen every transaction against global standards before conversion. Your bank receives clean, documented fiat. **How long does settlement take?** T+0 for transactions below BHD 2,500, initiated before bank cutoff. T+1 for transactions above BHD 2,500, initiated before bank cutoff. Settlement goes directly to your bank account via local rails. ## Industry Solutions ### Your MTO. Replaced URL: https://www.arpdigital.io/en/services/exchange-house Your Nostro float locks capital. Your MTO keeps the margin. ARP Digital replaces both - same-day corridor settlement at better-than-interbank rates #### Your MTO. Replaced Your Nostro float locks capital. Your MTO keeps the margin. ARP Digital replaces both - same-day corridor settlement at better-than-interbank rates #### Metrics - **Same day** — No 2–5 day delay. Capital freed from Nostro pre-funding - available for the next transaction. - **2-3x** — Proprietary netting delivers ~0.1% above interbank rate. The margin your MTO was taking stays in your treasury. - **50-80%** — Single regulated counterparty. No intermediary chain. No hidden fees deducted in transit. - **Zero** — No Nostro balances. No corridor float. Your capital is working, not waiting. #### What your current corridor infrastructure is costing you. **Your corridor model costs more than it should - whichever model you run.** Fund directly and capital locks in Nostro accounts earning nothing. Route through an MTO and you pay their spread, carry their corridor risk, and lose access if the relationship fails. Either way, the cost compounds with volume. **Volumes are growing. Margin per transaction is shrinking.** GCC outbound remittance to India, Philippines, East Africa is high-volume and brutally competitive. Every basis point your MTO keeps is a basis point your exchange house doesn't. As volume scales, the structural cost scales with it. **Every corridor that runs through SWIFT runs through someone else's infrastructure.** SWIFT multi-hop routing adds settlement latency, FX friction, and compliance cost at every intermediary leg. Cut-off times constrain your operational window. Correspondent banking retrenchment is quietly closing corridors that were open last year. Your settlement infrastructure should not depend on a network that was not built for your market. **Every model ties up capital you could be deploying.** Fund directly and your Nostro balances sit idle, attracting regulatory capital charges. Route through an MTO and you solve the capital charge, but not the balance sheet cost. ARP Digital eliminates both: no pre-funding, no idle capital, no correspondent balance to maintain. The exchange houses that move first keep the margin everyone else is giving away. #### Fiat in. Fiat out. We handle everything in between. Your client deposits locally. We aggregate order flow across corridors, net opposing positions, and deliver local fiat at the destination - same day. Your clients see no change. The stablecoin settlement layer is entirely within our infrastructure. - **Better FX Rates**: Proprietary order flow netting delivers rates no bilateral correspondent can match. Margin improvement flows directly to your bottom line. - **Same-Day Settlement**: No 2–5 day delay. Working capital freed from nostro pre-funding. Faster cycles, better liquidity management. - **Corridor Reach**: GCC → South Asia, Africa, Southeast Asia. Corridors previously unavailable or only accessible via costly intermediaries. - **Regulated Counterparty**: Single MSB entity. FINTRAC registered, CBB supervised. AML/KYC built in. One relationship, full compliance coverage. - **Invisible Integration**: Your clients use the same local payment methods. ARP handles the cross-border leg. No operational disruption. - **Real-Time Visibility**: Fixed fees upfront. Transaction tracking in real time. Full reconciliation and reporting. No surprises. #### The corridor you're already running has a premium in it. Are you capturing it? India and East Africa carry FX dynamics that reward exchange houses who can move fast and settle same day. Slow infrastructure gives that margin to someone else. ARP Digital gives you the licensed GCC liquidity and the same-day settlement rails to capture it. #### Run it yourself. Or plug it in. Whether your team operates through a dashboard or builds programmatically, ARP Digital is available the way your business works. **Platform** Log in, select your corridor, enter your amount, and submit. ARP handles the settlement leg. - No integration - Live FX quotes - Real-time tracking - Audit export **API** Embed ARP Digital directly into your platform or product. Trigger corridor settlements, receive webhook confirmations, and serve your end clients clean local fiat, without them knowing the mechanism behind it. - REST API - Webhooks - Sandbox - Days, not months #### One regulated counterparty. No multi-jurisdiction complexity. ARP Digital operates as a single regulated counterparty. One relationship, one AML framework, one documented entity, not a chain of correspondents with gaps between them. - **FINTRAC Registered MSB - Canada**: The Group MSB is the contracting counterparty for all cross-border arrangements with GCC exchange houses. - **AML / KYC Built In**: Transaction monitoring, sanctions screening, and KYC verification embedded at no additional build cost to partners. #### Digital capital moves in multiple directions. ARP Digital handles all of them - under one licenced, fully integrated platform. - **Convert** — Swap fiat to stablecoin or crypto to local currency. 24/7. Institutional depth. - **Send** — Settle corridors in minutes. No pre-funding. No SWIFT delays. Your clients receive fiat. - **Receive** — Receive digital assets. Settle in local fiat. Automatic conversion to GCC currencies, USD, or Euro, directly to your bank account. Your business never touches crypto. #### FAQ **How does ARP Digital replace MTO infrastructure for exchange houses?** Banks locked capital at every correspondent - balance sheet maintenance plus regulatory charges held against each bilateral relationship. MTOs solved the capital charge problem but not the balance sheet cost. Stablecoin settlement eliminates both: fully funded in real time, no correspondent chain, no idle capital. ARP Digital is the licensed GCC version of that network, exchange houses send local deposits, ARP nets opposing positions across corridors, and delivers local payouts at the destination same day, with no pre-funding required. **Do exchange houses need to pre-fund corridors with ARP Digital?** No. ARP Digital requires no pre-funding on any corridor. Your capital is not locked in Nostro accounts or MTO floats. It is available for productive use from the moment you switch. **What licences does ARP Digital hold for cross-border corridor settlement?** ARP Digital is Licensed as Capital Market-Crypto Assets Service Provider (Cat3) by the Central Bank of Bahrain, and operates through a FINTRAC-registered Money Services Business, which is the contracting counterparty for all cross-border arrangements with GCC exchange houses. **How long does it take to go live on a new corridor with ARP?** The onboarding path is: introduction → compliance pre-qualification → corridor pilot → full ramp. Compliance pre-qualification is prioritised first. Once cleared, a corridor pilot can be live within weeks, not months. **How long does API integration take?** Three days. Partners with an engineering resource available integrate ARP GPS in three working days from credential issuance. No custom development required on ARP's side. ARP's integration team provides sandbox access, test transactions, and a named technical contact throughout. Most partners are running live volume within a week of signing. **Is a Postman collection available?** Yes. ARP provides a full Postman collection covering all GPS endpoints, initiate, track, confirm, and reconcile, available immediately on request alongside sandbox credentials. The collection covers the full transaction lifecycle and is maintained in line with API updates. Speak to the team or your named RM to receive access. ### Your GCC Payout Node URL: https://www.arpdigital.io/en/services/fintech One API call adds GCC to your payout network. Send stablecoin. Your clients receive local fiat #### Your GCC Payout Node One API call adds GCC to your payout network. Send stablecoin. Your clients receive local fiat #### Metrics - **Same day settlement**: Correspondent banking routes GCC payouts through multiple intermediaries, each adding latency. ARP routes through direct local payment rails. Same-day local disbursement. Not 2–5 business days. - **No GCC sourcing cost**: Sourcing AED at scale through correspondent banking means FX spread at every leg and fees at every intermediary. Send stablecoin to ARP. The local disbursement cost is a single, transparent conversion. - **Quick integration**: Sourcing, holding, and managing GCC balances at retail scale requires local banking relationships, compliance infrastructure, and a treasury team. ARP Digital replaces all of it - one API integration, one counterparty, no infrastructure to maintain. - **4+ GCC currencies**: Direct local banking rails, no SWIFT. #### Global platforms that need GCC as a payout destination. **GCC payout coverage, without building local infrastructure.** Networks seeking GCC local currency payout nodes to serve their partner ecosystem. Building GCC disbursement from scratch takes 18–24 months. ARP Digital removes that from your roadmap entirely. **GCC retail clients need same-currency withdrawals. Fast.** International trading platforms with GCC retail clients face a recurring problem: clients want to withdraw in AED, same day. Bank wires take days. Sourcing local liquidity at scale is operationally prohibitive. ARP Digital disburses locally in hours. **Disbursing AED to thousands of users should not require a treasury team.** International PSPs serving GCC markets find it operationally complex to source AED, maintain local accounts, and disburse at retail scale. ARP handles the entire local disbursement leg, compliantly, same day, via a single API integration. **Corporate Treasury & Payroll** Fund payroll, vendor payments, and settlements in stablecoin. Disburse in local fiat. Companies holding stablecoin treasury balances need a reliable, licensed channel to convert and disburse to GCC employees, vendors, and counterparties in local currency, without building local banking infrastructure or exposing payroll to FX volatility. #### Fiat in. Fiat out. We handle everything in between. Your platform sends USDT or USDC. We handle conversion, compliance, and local disbursement. AED lands in your client's account same day. The stablecoin layer never leaves ARP's infrastructure. - **Better FX Rates**: Proprietary order flow netting delivers rates no bilateral correspondent can match. Margin improvement flows directly to your bottom line. - **Same-Day Settlement**: No 2–5 day delay. Working capital freed from nostro pre-funding. Faster cycles, better liquidity management. - **Corridor Reach**: GCC → South Asia, Africa, Southeast Asia. Corridors previously unavailable or only accessible via costly intermediaries. - **Regulated Counterparty**: Single MSB entity. FINTRAC registered, CBB supervised. AML/KYC built in. One relationship, full compliance coverage. - **Invisible Integration**: Your clients use the same local payment methods. ARP handles the cross-border leg. No operational disruption. - **Real-Time Visibility**: Fixed fees upfront. Transaction tracking in real time. Full reconciliation and reporting. No surprises. #### Run it yourself. Or plug it in. Whether your team operates through a dashboard or builds programmatically, ARP Digital is available the way your business works. **Platform** Log in, select your corridor, enter your amount, and submit. ARP handles the settlement leg. - No integration - Live FX quotes - Real-time tracking - Audit export **API** Embed ARP Digital directly into your platform or product. Trigger corridor settlements, receive webhook confirmations, and serve your end clients clean local fiat, without them knowing the mechanism behind it. - REST API - Webhooks - Sandbox - Days, not months #### One regulated counterparty. No multi-jurisdiction complexity. ARP Digital operates as a single regulated counterparty. One relationship, one AML framework, one documented entity, not a chain of correspondents with gaps between them. - **FINTRAC Registered MSB - Canada**: The Group MSB is the contracting counterparty for all cross-border arrangements with GCC exchange houses. - **AML / KYC Built In**: Transaction monitoring, sanctions screening, and KYC verification embedded at no additional build cost to partners. #### Digital capital moves in multiple directions. ARP Digital handles all of them - under one licenced, fully integrated platform. - **Convert** — Swap fiat to stablecoin or crypto to local currency. 24/7. Institutional depth. - **Send** — Settle corridors in minutes. No pre-funding. No SWIFT delays. Your clients receive fiat. - **Receive** — Receive digital assets. Settle in local fiat. Automatic conversion to GCC currencies, USD, or Euro, directly to your bank account. Your business never touches crypto. #### FAQ **How does ARP GPS work as a GCC payout node for PSPs?** Your platform sends USDT or USDC to ARP Digital via API. ARP converts and disburses AED locally to your end clients through their local payment methods. Your clients see clean fiat. The stablecoin layer is entirely within ARP's infrastructure. **Does ARP Digital require our end clients to interact with crypto?** No. Your end clients send and receive in local fiat currency through their usual payment methods. The stablecoin settlement layer is invisible. Your platform handles the stablecoin leg. ARP handles the local fiat disbursement. **How quickly can a PSP integrate ARP GPS and go live?** ARP Digital offers a RESTful API with full documentation and a sandbox environment. Most PSP integrations complete within days. ### Instant top-ups. Same-day payouts. URL: https://www.arpdigital.io/en/services/fx-broker Margin calls don't wait for bank transfers. ARP Digital gives your clients an instant, low-cost way to top up margin - before the liquidation window closes. #### Instant Top-Ups. Same-Day Payouts Margin calls don't wait for bank transfers. ARP Digital gives your clients an instant, low-cost way to top up margin - before the liquidation window closes. #### Your clients' positions are at risk. Your platform's retention is too. **Your client hits a margin call. Their top-up takes 3 days. They get liquidated.** FX and CFD clients trade on leverage. Leverage means margin, and margin means constant top-up exposure. When a position moves against a client, the margin call window is tight. A card payment can take hours to clear. A bank transfer takes 1–3 business days. By the time the funds arrive, the position is already liquidated. **Your GCC clients want local bank withdrawals.** International FX platforms attract significant GCC retail and HNW client flow, particularly UAE-based traders. These clients want their profits disbursed to a local bank account in AED. **Slow funding is a retention problem.** A client who gets liquidated due to a slow top-up blames the platform, not the bank. Competitors who offer faster deposit channels retain the position, and the client. Every basis point of spread on a card deposit and every day of bank transfer delay is a structural disadvantage compounding at scale. #### Margin topped up before liquidation triggers. **Client hits a margin call** Position moves against client. Margin call window opens. **Client sends stablecoin to their ARP wallet** The client sends USDT or USDC to their unique virtual IBAN. Conversion begins immediately on confirmation. **ARP converts and credits in real time** ARP converts to fiat at a confirmed rate and credits the broker account in real time. No clearing window. No delay. **Margin topped up. Position stays open.** The broker's trading platform sees the credit. The margin call is resolved. The position survives. The client stays on the platform. #### Why stablecoin beats card and bank transfer - **Settlement speed** — Card processing: Hours; Bank transfer: 1–3 business days; ARP Flow: Real time - **Cost per deposit** — Card processing: 1.5–3.5%; Bank transfer: FX spread + fees; ARP Flow: Fixed cost - **Chargeback risk** — Card processing: High - reversible; Bank transfer: Medium; ARP Flow: Zero - final - **Available 24/7** — Card processing: Limited; Bank transfer: Banking hours; ARP Flow: Always - **Broker needs licence** — Card processing: No; Bank transfer: No; ARP Flow: No #### Instant collateral posting. The hedge is live before the market moves. Traders with directional exposure, across any asset class, need to post margin collateral for the offsetting position the moment the hedge decision is made. The window between decision and posting is live, unhedged risk. Traditional funding channels do not close that window fast enough. **Hedge decision made** Trader sizes the hedge and identifies the margin requirement. Collateral needs to post immediately to open the offsetting position. **Stablecoin sent to ARP Digital** USDT or USDC sent to the trader's virtual IBAN. ARP converts to fiat and credits the margin account in minutes. Fixed cost. No FX spread on top. **Margin posted. Hedge live.** Collateral credited. Offsetting position opens. The exposure is hedged before the market has time to move against it. #### Run it yourself. Or plug it in. Whether your team operates through a dashboard or builds programmatically, ARP Digital is available the way your business works. **Platform** Log in, select your corridor, enter your amount, and submit. ARP handles the settlement leg. - No integration - Live FX quotes - Real-time tracking - Audit export **API** Embed ARP Digital directly into your platform or product. Trigger corridor settlements, receive webhook confirmations, and serve your end clients clean local fiat, without them knowing the mechanism behind it. - REST API - Webhooks - Sandbox - Days, not months #### One regulated counterparty. No multi-jurisdiction complexity. ARP Digital operates as a single regulated counterparty. One relationship, one AML framework, one documented entity, not a chain of correspondents with gaps between them. - **FINTRAC Registered MSB - Canada**: The Group MSB is the contracting counterparty for all cross-border arrangements with GCC exchange houses. - **AML / KYC built in**: Transaction monitoring, sanctions screening, and KYC verification embedded at no additional build cost to partners. #### Digital capital moves in multiple directions. ARP Digital handles all of them - under one licenced, fully integrated platform. - **Convert** — Swap fiat to stablecoin or crypto to local currency. 24/7. Institutional depth. - **Send** — Settle corridors in minutes. No pre-funding. No SWIFT delays. Your clients receive fiat. - **Receive** — Receive digital assets. Settle in local fiat. Automatic conversion to GCC currencies, USD, or Euro, directly to your bank account. Your business never touches crypto. #### FAQ **How does ARP Digital enable instant margin top-ups for FX broker clients?** The client sends USDT or USDC from their wallet to their ARP-issued virtual IBAN. ARP converts to fiat and credits the broker's account in real time. The top-up completes before the margin call triggers liquidation - no bank transfer delays, no card processing windows. **Can an international FX broker pay out to GCC client bank accounts without a local licence?** Yes. ARP Digital handles GCC local disbursement on behalf of the broker. The broker instructs ARP, ARP disburses AED to the client's local bank account same day. The broker requires no CBB licence, no local entity, and no correspondent banking relationship in the GCC. **What is the settlement time for a stablecoin margin top-up?** Real time. From the moment the client sends stablecoin to their ARP wallet, conversion and credit to the broker account completes in minutes, not hours. This is the critical difference versus card or bank transfer, where delays of 1–3 business days create liquidation windows. **Does the broker need to hold or manage digital assets?** No. ARP Gate handles conversion on its side. The broker receives fiat. The client sends stablecoin. ARP is the counterparty in the digital asset chain. The broker's operations, balance sheet, and reporting remain entirely in fiat. ### Institutional OTC desk in the GCC URL: https://www.arpdigital.io/en/services/lp-otc Institutional-depth GCC liquidity, 24 hours a day. Multi-licensed. Direct desk access. Block trades confirmed and settled same day. #### Institutional OTC Desk in the GCC Institutional-depth GCC liquidity, 24 hours a day. Multi-licensed. Direct desk access. Block trades confirmed and settled same day. #### Metrics - **24/7** — Round-the-clock execution. No business-hours constraint. - **T+0** — Same-day settlement in fiat or stablecoin. - **10+** — AED, BHD, OMR, KWD, JOD, USD, EUR, GBP, TRY. - **Tier 1** — Backed by Tier 1 GCC banking relationships most digital asset desks cannot access. #### What every LP and market maker faces in the GCC. **Global desks quote AED. Block-size spreads tell the real story.** Any desk can quote a tight spread at $100K. At $2M, the same desk is sourcing liquidity in real time from retail pools, and the spread reflects it. ARP Digital holds real AED and BHD inventory backed by direct Tier 1 GCC banking relationships. **T+1 or T+2 settlement is not a delay. It is idle capital.** Every day between execution and settlement is capital sitting doing nothing. In a high-velocity book, T+1 or T+2 compresses the number of trades you can run, and bank wire fiat legs create clearing windows that further extend that idle period. ARP Digital settles T+0. The capital is available for the next trade the same day. **Exchange fees, spread, FX conversion, and wire charges stack on every trade.** Running large institutional volume through exchange-based execution or multi-step OTC intermediaries layers costs at every hop - exchange fees, spread, FX conversion, correspondent bank charges. ARP's single-step OTC removes the intermediary chain and replaces layered cost with one institutional rate. #### One desk. Every problem addressed directly. **Real inventory. Tight spreads at block size. Not sourced in real time.** ARP's direct Tier 1 GCC banking relationships provide AED and BHD inventory held, not sourced on demand. **Same-day settlement. Real-time confirmation. No overnight fiat exposure.** ARP settles agreed trades the same day - T+0 as standard. No bank wire clearing window on the fiat leg. Real-time settlement confirmation issued on every trade, giving your treasury team the documentation it needs without a 24-hour wait. **One institutional rate. No layered fees. No intermediary in the chain.** ARP's direct banking and stablecoin issuer relationships allow it to price as a principal, not a broker routing through a chain. One rate. One counterparty. No exchange fees, no correspondent charges, no FX conversion layers on top. #### Institutional service. Human scale. Every client has a named relationship manager. Direct phone. Direct WhatsApp. - White glove services - Concierge onboarding - Platform or direct line #### Fiat currencies we support ARP Digital settles across 10+ fiat currencies and major regulated stablecoins. All local currency settlement uses direct local payment rails - no correspondent bank intermediary, no SWIFT delay. - USD - AED - BHD - OMR - KWD - JOD - EUR - GBP - TRY #### The rails behind the rate ARP Digital settles through direct local payment infrastructure: no correspondent bank intermediary, no SWIFT delay, no capital idle time between execution and receipt. **01. Local Rails for On / Off-Ramp** Direct access to local payment infrastructure in BHD and AED markets. No correspondent intermediary required. **02. Local Collection** Funds collected in local currency via bank transfer, mobile money, or direct banking rails. AML-verified at point of collection. **03. Local Payouts** Settlement disbursed in local fiat directly to your bank account. Same-day. #### The only multi-licensed counterparty in the GCC operating an institutional OTC desk - **FINTRAC** (The Financial Transactions and Reports Analysis Centre of Canada) #### Digital capital moves in multiple directions. ARP Digital handles all of them - under one licenced, fully integrated platform. - **Convert** — Swap fiat to stablecoin or crypto to local currency. 24/7. Institutional depth. - **Send** — Settle corridors in minutes. No pre-funding. No SWIFT delays. Your clients receive fiat. - **Receive** — Receive digital assets. Settle in local fiat. Automatic conversion to GCC currencies, USD, or Euro, directly to your bank account. Your business never touches crypto. #### FAQ **What licence does ARP Digital hold and what does it cover?** ARP Digital holds a Central Bank of Bahrain (CBB) Category 3 Crypto-Asset Service Provider licence. This is a comprehensive CBB-regulated digital asset licence in Bahrain and covers OTC trading, settlement, and custody under one regulated entity. **What is the minimum trade size for ARP Digital?** Our OTC solution is designed for institutional block trades from $100,000 and above. Below this threshold, retail exchanges are typically sufficient. Above it, ARP provides the depth, discretion, and documentation that retail channels cannot. **Can I settle in stablecoin rather than fiat?** Yes. We settle in USDT, USDC, or any of 10+ supported fiat currencies (including AED, BHD, USD, EUR, GBP, TRY, OMR, KWD, and JOD). You choose the settlement currency at the point of trade confirmation. **How long does onboarding take?** Same day. Clients who submit documentation are onboarded and trading the same day. No multi-week compliance queue, no relationship manager gatekeeping the process. ### Your Next Buyer Is Holding Digital Assets URL: https://www.arpdigital.io/en/services/real-estate International crypto holders are a growing buyer segment for GCC real estate. ARP Digital lets your development accept stablecoin from buyers anywhere in the world, and receive GCC fiat directly in your bank account. Your business never touches digital assets at any point. #### Your Next Buyer Is Holding Digital Assets International crypto holders are a growing buyer segment for GCC real estate. ARP Digital lets your development accept stablecoin from buyers anywhere in the world, and receive GCC fiat directly in your bank account. Your business never touches digital assets at any point. #### Metrics - **T+0/1** — Same or next day. Directly to your bank account via local rails. - **Zero.** — Your development company never holds or manages digital assets. - **Zero.** — Rate locked at point of conversion. Volatility does not reach your account. - **Zero** — Blockchain settlement is final. No reversals. No exposure. #### The buyer is ready. Your payment infrastructure isn't. **Crypto-origin funds are flagged before they reach your account.** International buyers who hold wealth in digital assets face a consistent barrier: their bank wire gets flagged, delayed, or rejected at the receiving end. **A deal that should close in days stalls for weeks.** International wire transfers on large property transactions take 3–7 days through correspondent banking, with no transparency on fees deducted in transit. **Every crypto buyer you cannot serve is a buyer your competitor can.** The international crypto buyer segment is growing. The infrastructure gap is becoming a competitive gap. #### Stop leaving this capital on the table. - **Expand your buyer base**: Access the growing segment of international crypto holders who prefer settling large transactions in digital assets. - **Zero market risk**: You receive fiat at a confirmed rate. ARP absorbs the conversion. You have no exposure to crypto price volatility at any point in the process. - **Faster deal closures**: Transactions that traditionally take 2–5 days via wire transfer complete in hours. No correspondent banking delays. No documentation back-and-forth. The deal closes when it should. - **Lower cost than traditional channels**: Every correspondent bank in the chain takes a cut. Credit cards charge 2–5% and take days to settle. ARP Digital replaces the entire chain with a single, all-inclusive fee, processing, FX, and settlement included. #### Your buyer pays in stablecoin. You receive fiat. Your buyer sends USDT or USDC. We convert to GCC fiat and settle to your bank account via a named virtual IBAN in your buyer's name. Your bank sees a clean local wire. Your development company never touches crypto at any step. **1. Client Onboarding** We onboard your client, not you. Identity verified. Wallet whitelisted. AML cleared. By the time the stablecoin moves, the compliance file is already closed. **2. Conversion** Your client funds their ARP wallet by sending USDT or USDC. ARP converts to your chosen fiat currency - GCC currencies or USD - at a live rate with no hidden spread. **3. vIBAN Settlement** Fiat is settled into a named virtual IBAN issued in your client's name. This creates a clean, documented fund trail - your bank sees a standard local transfer, not a crypto origin. **4. Transfer to Your Account** Your client initiates the transfer from their named vIBAN directly to your bank account. T+0 or T+1. Full transaction statement downloadable from the ARP dashboard. #### One regulated counterparty. No multi-jurisdiction complexity. ARP Digital operates as a single regulated counterparty. One relationship, one AML framework, one documented entity, not a chain of correspondents with gaps between them. - **KYC / AML / KYT Embedded**: Wallet whitelisting, identity verification, and transaction monitoring embedded at point of collection. Your bank receives documented, screened fiat. - **Zero Chargeback Risk**: Once settled, it cannot be undone. Blockchain-based transactions are final by design. No chargebacks, no reversals, no dispute process. #### Provide a better experience, and earn on the deals you are already closing. If you are a real estate broker or agent introducing international buyers to GCC developers, ARP Digital has a referral structure for you. You make the introduction. We handle the payment infrastructure, the compliance, and the conversion. You earn on every transaction your referral completes. No technical knowledge required. No operational overhead. #### Digital capital moves in multiple directions. ARP Digital handles all of them - under one licenced, fully integrated platform. - **Convert** — Swap fiat to stablecoin or crypto to local currency. 24/7. Institutional depth. - **Send** — Settle corridors in minutes. No pre-funding. No SWIFT delays. Your clients receive fiat. - **Receive** — Receive digital assets. Settle in local fiat. Automatic conversion to GCC currencies, USD, or Euro, directly to your bank account. Your business never touches crypto. #### FAQ **Can a real estate developer accept crypto without holding digital assets?** Yes. ARP Digital converts your buyer's USDT or USDC to GCC currencies or USD and settles directly to your bank account. Your development company never holds, touches, or manages digital assets at any point. **How does ARP Digital handle compliance for crypto-funded property purchases?** ARP onboards and KYC-verifies the buyer, not the developer. Wallet whitelisting, AML screening, and KYT protocols screen every transaction before conversion. Your bank receives clean, documented funds from a named virtual IBAN in the buyer's name. **How long does it take to receive funds after a buyer sends stablecoin?** T+0 for smaller transactions initiated before bank cutoff. T+1 for larger transactions. Funds settle directly to your bank account via local rails, no correspondent delay. **What happens if crypto prices move after the buyer sends stablecoin?** Nothing that affects the developer. ARP Digital converts at a locked rate at the point of transaction. Your development company receives a confirmed fiat amount regardless of what happens to crypto prices after conversion. You carry zero market risk. ### Settle your supplier. Same day. URL: https://www.arpdigital.io/en/services/sme-importers Your supplier is waiting. Your bank takes 3–5 days and charges at every leg. ARP Digital settles same day, fixed costs, no SWIFT delays. #### Settle Your Supplier. Same Day Your supplier is waiting. Your bank takes 3–5 days and charges at every leg. ARP Digital settles same day, fixed costs, no SWIFT delays. #### Metrics - **Same-Day** — Your supplier receives local fiat the same day you send. - **50–80%** — vs correspondent banking - **Zero.** — Fixed costs only. Full transparency upfront. - **Zero** — No flagged payments, no restart loops, no documentation back-and-forth. - **SWIFT alternative** — Direct local rails on both ends. No SWIFT intermediary, no cut-off windows, no multi-hop latency. - **3+ corridors** — Previously inaccessible corridors. GCC → South Asia, East Africa, Intra-GCC. Live today. #### What your current bank is costing your supply chain. **3–5 days is too long when your supplier relationship depends on it.** Correspondent banking routes your payment through multiple intermediaries, each adding latency. Your supplier waits. Your shipment waits. Your relationship takes the strain. Every payment cycle repeats the same delay, and compounds the same risk. **Every correspondent bank in the chain takes a cut. None of it is disclosed upfront.** SWIFT multi-hop routing deducts fees at every correspondent leg, in transit, invisibly. The rate you were quoted at the point of sending is not the rate your supplier sees. ARP charges once, upfront, with full transparency before you confirm. **Capital sitting in transit is capital not working.** A 3–5 day settlement window means your working capital is idle every time you make a supplier payment. For businesses making weekly or monthly payments, that adds up to weeks of frozen capital per year, unavailable for inventory, operations, or growth. #### Fiat in. Fiat out. We handle everything in between. - **Better FX Rates**: Proprietary order flow netting delivers rates no bilateral correspondent can match. Margin improvement flows directly to your bottom line. - **Same-Day Settlement**: No 2–5 day delay. Faster cycles, better liquidity management. - **Corridor Reach**: GCC → South Asia, Africa, Southeast Asia. Corridors previously unavailable or only accessible via costly intermediaries. - **Regulated Counterparty**: Single MSB entity. FINTRAC registered, CBB supervised. AML/KYC built in. One relationship, full compliance coverage. - **Simple to operate**: Log in to the ARP Digital platform, select your corridor, enter your amount, and submit. We handle all the rest. - **Real-Time Visibility**: Fixed fees upfront. Transaction tracking in real time. Full reconciliation and reporting. No surprises. #### Compare Exchange Rates See how much you're really paying. Compare your bank's rate against ARP Digital and mid-market rates. #### Designed for the corridors your clients are already sending to. - **GCC to South & Southeast Asia** (Corridor 01 - Live): AED → INR · PHP - **Intra-GCC** (Corridor 02 - Live): AED ↔ KWD ↔ BHD - **GCC - Europe** (Corridor 03 - Live): AED ↔ EUR - **GCC to East Africa** (Corridor 04 - Coming soon): AED → ETB · KES · UGX #### One regulated counterparty. No multi-jurisdiction complexity. ARP Digital operates as a single regulated counterparty. One relationship, one AML framework, one documented entity, not a chain of correspondents with gaps between them. - **FINTRAC Registered MSB - Canada**: The Group MSB is the contracting counterparty for all cross-border arrangements with GCC exchange houses. - **AML / KYC Built In**: Transaction monitoring, sanctions screening, and KYC verification embedded at no additional build cost to partners. #### Digital capital moves in multiple directions. ARP Digital handles all of them - under one licenced, fully integrated platform. - **Convert** — Swap fiat to stablecoin or crypto to local currency. 24/7. Institutional depth. - **Send** — Settle corridors in minutes. No pre-funding. No SWIFT delays. Your clients receive fiat. - **Receive** — Receive digital assets. Settle in local fiat. Automatic conversion to GCC currencies, USD, or Euro, directly to your bank account. Your business never touches crypto. #### FAQ **How does ARP GPS work for GCC importers paying overseas suppliers?** Your business sends funds locally via your usual bank rails. ARP Digital settles the cross-border leg using its own infrastructure and delivers local fiat to your supplier same day. No SWIFT routing, no correspondent bank delays, no crypto visible to anyone in the chain. **Which corridors does ARP Digital support for SME supplier payments?** ARP Digital currently supports GCC to Europe (EUR and GBP) as a live corridor for SME supplier payments. Intra-GCC settlement is also live. The China corridor is coming soon. **Does ARP Digital require my suppliers to interact with crypto or stablecoin?** No. Your suppliers receive local fiat through their usual bank accounts. The stablecoin settlement layer is entirely within ARP's infrastructure and invisible to your supplier at every point. ## Wealth ### Put your digital capital to work URL: https://www.arpdigital.io/en/wealth/about ARP Digital Wealth is your access point to institutional digital asset products in the GCC. One relationship. Multiple product lines. #### Put Your Digital Capital to Work ARP Digital Wealth is your access point to institutional digital asset products in the GCC. One relationship. Multiple product lines. #### Managed with discipline. Built for performance. - **Expert-managed portfolios**: Every fund allocation is actively managed - macro insights, fundamental analysis, and quantitative research applied to every position. Your digital asset exposure is strategically managed, not passively held. - **Institutional risk management**: ARP Digital maintains a risk management framework aligned with global financial market standards. The same rigour applied to traditional portfolios is applied to every digital asset mandate. - **Bespoke structured products**: ARP Digital is the GCC-regulated firm that gives you access to structured digital asset derivatives. Direct access to tailored capital-protected and yield-generating strategies. - **Skin in the game**: ARP's team invests alongside clients, sharing the same risks, returns, and objectives. #### Bespoke digital asset structures. For investors who want digital asset market exposure with defined risk parameters. Capital-protected products, yield-generating strategies, and accumulators directly for family offices and institutional investors. #### Institutional service. Human scale. **01. Introductory call** A conversation with the ARP Digital Wealth team to understand your investment goals, existing portfolio, and objectives. **02. Onboarding & KYC** ARP guides you through a fully compliant, legally required KYC process. The team handles the documentation and keeps the process moving. **03. Risk profiling** A dedicated risk profiling conversation - your investment horizon, risk appetite, liquidity requirements, and market outlook. **04. Portfolio setup** ARP's wealth team constructs an investment solution tailored to your profile - fund allocation, structured product design, or a combination of both. #### Your ways to access digital asset markets. Every client's risk appetite, investment horizon, and objectives are different. ARP Digital Wealth offers access to different complementary structures to serve your needs. **ARP Digital Token Fund** A high-conviction, actively managed strategy with a long-biased approach to digital asset markets. ARP Global Capital invests in mid- and large-cap liquid digital assets with strong token economics, selected thematically based on prevailing market narratives. The fund is anchored by partner capital. ARP invests alongside clients, sharing the same risks and returns. The Digital Token Fund is managed by ARP Global Capital, a separate regulated entity from ARP Digital. ARP Digital Wealth introduces qualified investors to the ARP Global team. The management team, investment decisions, and fund operations are the responsibility of ARP Global Capital exclusively. ### Structured Products for Digital Assets URL: https://www.arpdigital.io/en/wealth/structured-products We give family offices and institutional investors direct access to tailored capital-protected and yield-generating strategies, without third-party intermediaries. #### Structured Products for Digital Assets We give family offices and institutional investors direct access to tailored capital-protected and yield-generating strategies, without third-party intermediaries. #### Pillars - **Fully bespoke structures**: Every product is built to the client's specific parameters - underlying asset, protection level, yield target, investment horizon, and currency. Off-the-shelf is not the offering here. - **Regulatory foundation**: ARP Digital is Licensed as Capital Market-Crypto Assets Service Provider (Cat3) by the Central Bank of Bahrain. One regulated counterparty across your entire digital asset exposure. - **Institutional risk framework**: ARP Digital maintains a risk management framework aligned with the highest standards of global financial markets. The same rigour applied to traditional portfolio management is applied to every structured product mandate. #### Multiple structures. One underlying thesis. Participation in digital asset market growth, with volatility managed rather than absorbed. Capital protected structures, yield strategies, and accumulators offer distinct ways to access markets on defined terms. #### Capital Protected Products Designed to offer market exposure with built-in downside protection. If the underlying asset's value declines during the investment period, investors are shielded from a portion of the loss. The structure enables these products to outperform direct digital asset exposure in declining markets, while participating in upside when conditions are constructive. - **Downside floor embedded at structuring.**: A defined portion of capital is protected regardless of how the underlying asset performs. The protection level is agreed at the point of investment, not subject to market conditions after entry. - **Underlying Digital assets or currencies, your choice.**: The underlying can be structured around BTC, ETH, or other major digital assets, or tailored using currency pairs. - **Flexible. Defined at inception.**: Investment horizons are defined at the time of structuring based on the client's objectives. #### Yield Strategies Yield-based structured products are income-generating instruments that capitalise on digital asset market structure and volatility to deliver attractive returns. They are designed to achieve superior risk-adjusted outcomes compared to traditional fixed income, by monetising the volatility premium embedded in digital asset markets. - **Volatility premium, not directional bet.**: Returns are generated from the structural volatility premium in digital asset markets, a source of yield that is structurally uncorrelated to whether the underlying asset appreciates or depreciates over the period. - **Lower risk than direct crypto spot. By design.**: Yield strategies are built to deliver superior risk-adjusted returns compared to traditional assets, with meaningfully lower risk than direct digital asset exposure. The structure provides defined parameters at inception. - **Outperform traditional fixed income.**: Designed to deliver superior outcomes compared to traditional fixed income instruments, leveraging the specific market structure of digital asset markets that traditional asset classes do not offer. #### Institutional service. Human scale. **01. Introductory call** A conversation with the ARP Digital Wealth team to understand your investment goals, existing portfolio, and objectives. **02. Onboarding & KYC** ARP guides you through a fully compliant, legally required KYC process. The team handles the documentation and keeps the process moving. **03. Risk profiling** A dedicated risk profiling conversation - your investment horizon, risk appetite, liquidity requirements, and market outlook. **04. Portfolio setup** ARP's wealth team constructs an investment solution tailored to your profile - fund allocation, structured product design, or a combination of both. #### Digital Token Fund Managed by ARP Global Capital A high-conviction, actively managed strategy that invests in mid- and large-cap liquid digital assets with strong token economics, selected thematically based on prevailing market narratives. ## Legal — BSC ### Disclaimer URL: https://www.arpdigital.io/en/legal/bsc/disclaimer ARP Digital — Version 1.0 — Last Updated: October 17th, 2023 #### Information Purposes Only This material is strictly for information purposes only, and does not constitute or shall not be considered as, an offer, solicitation, or recommendation, to deal in any products. The information provided is not intended to provide a sufficient basis on which to make an investment decision. It is intended only to provide observations and views of certain personnel and has not been reviewed by any regulators elsewhere, which may be different from, or inconsistent with, the observations and views ARP Digital. #### No Liability ARP Digital assumes no obligation to update or otherwise revise this material, ARP Digital does not represent or warrant its accuracy or completeness and is not responsible for losses or damages arising out of errors, omissions or changes or from the use of information presented in this material. Contents in any third party sources (if any) in this material are completely beyond the control of ARP Digital. As such, ARP Digital shall not be held responsible for the accuracy, completeness and legality of the contents of such third-party contents. Any reference to third-party contents does not imply an endorsement, representation or warranty by ARP Digital. No liability will be accepted for any loss or damage arising from or in reliance upon the contents of this material or these independent third-party contents provided here. This material is not directed to or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would subject ARP Digital to any registration or licensing requirement within such jurisdiction. #### Limitations This material does not purport to contain all of the information that an interested party may desire and, in fact, provides only a limited view. Any headings are for the convenience of reference only and shall not be deemed to modify or influence the interpretation of the information contained. #### Reproduction All rights reserved. This material is not to be reproduced, in whole or part, without the written consent of ARP Digital. ### Privacy Policy URL: https://www.arpdigital.io/en/legal/bsc/privacy-policy ARP Digital — Version 1.0 — Last Updated: 17 October 2023 #### 1. Why are you seeing this notice? You may need to provide Personal Data to us as part of your investment into a fund or other investment vehicle (as applicable, the Fund) managed or advised by investment advisers or management companies that are subsidiaries of ARP Digital Management or its affiliates (and, where applicable, the general partner of the relevant Fund) (collectively, ARP Digital). We want you to understand how and why we use, store, and otherwise process your Personal Data when you deal with us or our relevant affiliates (including under applicable data protection laws). If this notice (the Data Privacy Notice) has been made available to you, you may have certain rights with respect to your Personal Data under applicable data protection laws (including as described in this Data Privacy Notice). “Personal Data” has the meaning given to it under data protection laws that apply to our processing of your personal information, and includes any information that relates to, describes, identifies or can be used, directly or indirectly, to identify an individual (such as name, address, date of birth, personal identification numbers, sensitive personal information, and economic information). We ask that investors promptly provide the information contained in this Data Privacy Notice to any individuals whose Personal Data they provide to the Fund or its affiliates in connection with ‘know your client’/anti-money laundering requests or otherwise. Please read the information below carefully. It explains how and why Personal Data is processed by us. #### 2. Who is providing this notice? ARP Digital is committed to protecting and respecting your privacy. For transparency, the ARP Digital entities on whose behalf this privacy statement is made are (i) the Fund; and (ii) where applicable, the ARP Digital general partner, manager and/or investment adviser of the relevant Fund, in each case, with which you contract, transact or otherwise share Personal Data (together, the Fund Parties). Where we use the terms “we”, “us” and “our” in this Data Privacy Notice, we are referring to the Fund and the Fund Parties. Please consult your subscription documents, private placement memorandum or other offering documentation provided to you by or on behalf of the Fund Parties which will further specify the entities and contact details of the Fund Parties relevant to our relationship with you. We welcome investors and their representatives to contact us if they have any queries with respect to the Fund Parties (in particular, which Fund Parties are relevant to their relationship with ARP Digital). When you provide us with your Personal Data, each Fund Party that decides how and why Personal Data is processed may be acting as a “data controller”. In simple terms, this means that the Fund Party makes certain decisions on how to use and protect your Personal Data - but only to the extent that we have informed you about the use or are otherwise permitted by law. Where your Personal Data is processed by an entity controlled by, or under common control with, the ARP Digital entity/ies managing a Fund for its own purposes, this entity will also be a data controller. #### 3. What Personal Data do we collect about you? The types of Personal Data that we collect and share depends on the product or service you have with us and the nature of your investment. The Personal Data collected about you will help us to provide you with a better service and facilitate our business relationship. We may combine Personal Data that you provide to us with Personal Data that we collect from you, or about you from other sources, in some circumstances. This will include Personal Data collected in an online or offline context. As a result of our relationship with you as an investor, in the past 12 months we may have collected Personal Data concerning you in the following categories: - Identifiers - real name, alias, postal address, email address, social security or driver’s license number, government ID, signature, telephone number, education, employment, employment history, financial information (including tax-related information/codes and bank account details), information used for monitoring and background checks to comply with laws and regulations (including ‘know your client’, anti-money laundering, and sanctions checks), online registration details, and other contact information. - Sensitive/protected characteristic information - age/date of birth, nationality, citizenship, country of residence, gender, and other information used to comply with laws and regulations. - Commercial information - assets, income, transaction and investment history, accounts at other institutions, financial positions/returns, information concerning source of funds and any applicable restrictions on your investment such as political exposure or sanctions. - Internet or other network activity - browsing or search history, information regarding interaction with an internet website, application, or advertisement, online identifiers such as cookies. - Sensory and surveillance data - recordings of telephone calls where permitted or required by law, video (surveillance) recordings, closed-circuit television (CCTV) images and recordings, and other records of your interactions with us or our service providers, including electronic communications. - Professional or employment-related information - current or past job history. - Inferences drawn from other personal information - profiles reflecting preferences and trends, based on information such as assets, investment experience, risk tolerance, investment activity, and transaction history. #### 4. Where do we obtain your Personal Data? We collect, and have collected, Personal Data about you from a number of sources, including from you directly. ### Personal Data that you give us - From the forms and any associated documentation that you complete when subscribing for an investment, shares, interests, and/or opening an account with us. This can include information about your name, address, date of birth, passport details or other national identifier, driving license, your national insurance or social security number and income, employment information and details about your investment or retirement portfolio(s), and financial-related data (such as returns and financial positions). - When you provide it to us in correspondence and conversations, including electronic communications such as email and telephone calls. - When you make transactions with respect to the Fund. - When you interact with our online platforms and websites. - When you purchase securities from us and/or tell us where to send money. - From cookies, web beacons, and similar interactions when you or your devices access our sites. ### Personal Data that we obtain from others We obtain Personal Data from: - Publicly available and accessible directories and sources. - Bankruptcy registers. - Tax authorities, including those that are based outside the territory in which you are located or domiciled, including the Cayman Islands, the United Kingdom (UK) and the European Economic Area (EEA), if you are subject to tax in another jurisdiction. - Governmental and competent regulatory authorities to whom we have regulatory obligations. - Credit agencies. - Fraud prevention and detection agencies / organizations. - Transaction counterparties. #### 5. Why do we process your Personal Data? We may process or disclose your Personal Data for the following reasons: ### Contract It is necessary to perform our contract with you to: - Administer, manage and set up your investor account(s) to allow you to purchase your holding (of shares or interests) in our Funds. - Meet the resulting contractual obligations we have to you. - Facilitate the continuation or termination of the contractual relationship between you and the Fund. - Facilitate the transfer of funds, and administering and facilitating any other transaction, between you and the Fund. ### Compliance with law It is necessary for compliance with an applicable legal or regulatory obligation to which we are subject, in order to: - Undertake our client and investor due diligence, and on-boarding checks. - Carry out verification, ‘know your client’, terrorist financing, sanctions, and anti-money laundering checks. - Verify the identity and addresses of our investors (and, if applicable, their beneficial owners). - Comply with requests from regulatory, governmental, tax and law enforcement authorities. - Carry out surveillance and investigations. - Carry out audit checks. - Maintain statutory registers. - Prevent and detect fraud. - Comply with sanctions requirements. ### Legitimate Interests For our legitimate interests or those of a third party (such as a transaction counterparty or lender) to: - Manage and administer your holding in any Funds in which you are invested, and any related accounts on an ongoing basis. - Assess and process any applications or requests made by you. - Open, maintain or close accounts in connection with your investment in, or withdrawal from, the Fund scheme. - Send updates, information and notices or otherwise correspond with you in connection with your investment in the Fund scheme. - Address or investigate any complaints, claims, proceedings or disputes. - Provide you with, and inform you about, our investment products and services. - Monitor and improve our relationships with investors. - Comply with applicable prudential and regulatory obligations, including anti-money laundering, sanctions and ‘know your client’ checks. - Assist our transaction counterparties to comply with their regulatory and legal obligations (including anti-money laundering, ‘know your client’, terrorist financing, and sanctions checks). - Manage our risk and operations. - Comply with our accounting and tax-reporting requirements. - Comply with our audit requirements. - Assist with internal compliance with our policies and processes. - Ensure appropriate group management and governance. - Keep our internal records. - Prepare reports on incidents/accidents. - Protect our business against fraud, breach of confidence, theft of proprietary materials, and other financial or business crimes (to the extent that this is not required of us by law). - Analyze and manage commercial risks. - Seek professional advice, including legal advice. - Enable any actual or proposed assignee or transferee, participant or sub-participant of the partnership’s or Fund vehicles’ rights or obligations to evaluate proposed transactions. - Facilitate business asset transactions involving the Fund partnership or Fund-related vehicles. - Monitor communications to/from us using our systems. - Protect the security and integrity of our information technology systems. - Protect the security and safety of our buildings and locations where we operate. - Operate, run, and schedule online meetings, webinars and conferences (for example, using Zoom and other online meeting platforms). - Manage our financing arrangements with our financiers and financing transaction counterparties, including payment providers, intermediaries, and correspondent/agent banks. - Monitor the operation of Fund distribution platforms, where these are operated by third parties or service providers. We only rely on these interests where we have considered that, on balance, the legitimate interests are not overridden by your interests, fundamental rights or freedoms. #### 6. Who we share your Personal Data with Your Personal Data will be shared with: ### Fund Associates We share your Personal Data with our associates, related parties and members of our group. This is: - To manage our relationship with you. - For the legitimate interests of a third party in carrying out anti-money laundering, ‘know your client’, and other compliance checks required of them under applicable laws and regulations. - For the purposes set out in this Data Privacy Notice. ### Fund Managers, Depositories, Administrators, Custodians, Distributors, Investment Advisers - Delivering the services you require. - Managing your investment. - Supporting and administering investment-related activities. - Complying with applicable investment, anti-money laundering and other laws and regulations. ### Tax Authorities - To comply with applicable laws and regulations. - Where required or requested by tax authorities in the territory in which you are located or domiciled (in particular, Cayman Island or UK/EEA tax authorities) who, in turn, may share your Personal Data with foreign tax authorities. - Where required or requested by foreign tax authorities, including outside of the territory in which you are located or domiciled (including outside the Cayman Islands or UK/EEA). ### Service Providers - Delivering and facilitating the services needed to support our business relationship with you (including cloud services). - Supporting and administering investment-related activities. - Where disclosure to the service provider is considered necessary to support ARP Digital with the purposes described in section 5 of this Data Privacy Notice. ### Financing Counterparties, Lenders, Correspondent and Agent Banks - Assisting these transaction counterparties with regulatory checks, such as ‘know your client’, and anti-money laundering procedures. - Sourcing credit for Fund-related entities in the course of our transactions and fund life cycles. ### Our Lawyers, Auditors and other Professional Advisers - Providing you with investment-related services. - To comply with applicable legal and regulatory requirements. - Supporting ARP Digital with the purposes described in section 5 of this Data Privacy Notice. - Monitoring as described in ‘Legitimate Interests’ above. We monitor communications where the law requires us to do so. We will also monitor where we are required to do so to comply with regulatory rules and practices and, where we are permitted to do so, to protect our business and the security of our systems. In exceptional circumstances, we will share your Personal Data with: - Competent regulatory, prosecuting and other governmental agencies or litigation counterparties, in any country or territory. - Other organizations and agencies - where we are required to do so by law. We have not sold Personal Data in the 12 months preceding the date of this Data Privacy Notice. #### 7. Do you have to provide us with this Personal Data? Where we collect Personal Data from you, we will indicate if: - Provision of the Personal Data is necessary for our compliance with a legal obligation; or - It is purely voluntary and there are no implications for you if you do not wish to provide us with it. Unless otherwise indicated, you should assume that we require the Personal Data for business and/or compliance purposes. Some of the Personal Data that we request is necessary for us to perform our contract with you and if you do not wish to provide us with this Personal Data, it will affect our ability to provide our services to you and manage your investment. #### 8. Sending your Personal Data Internationally We may transfer your Personal Data between different countries to recipients in countries other than the country in which the information was originally collected (including to our affiliates and group members, members of the Fund’s partnership, transaction counterparties, and third-party service providers). Where you are based in the UK, the EU, or another country which imposes data transfer restrictions outside of its territory, this includes transfers outside of the UK and the European Economic Area (“EEA”) or that geographical area, to those countries in which our affiliates, group members, service providers and business partners operate. Those countries may not have the same data protection laws as the country in which you initially provided the information. Where we transfer Personal Data outside of the UK, the EEA, or other territories subject to data transfer restrictions to other members of our group, our service providers or another third party recipient, we will ensure that our arrangements with them are governed by data transfer agreements or appropriate safeguards, designed to ensure that your Personal Data is protected as required under applicable data protection law (including, where appropriate, under an agreement on terms approved for this purpose by the European Commission or by obtaining your consent). #### 9. Consent - and Your Right to Withdraw It Except as may otherwise be required by local law, we do not generally rely on obtaining your consent to process your Personal Data. In particular, we do not generally rely on obtaining your consent where our processing of your Personal Data is subject only to the data protection laws of the United Arab Emirates (in these circumstances we will usually rely on another legal basis more appropriate in the circumstances, including those set out in “Why do we process your Personal Data?” above). If we do rely on consent for processing of your Personal Data, you have the right to withdraw this consent at any time. Please contact us or send us an email at legal@arpdigital.io at any time if you wish to do so. Where required by applicable law, we will obtain your consent for the processing of your Personal Data for direct marketing purposes. If you do receive direct marketing communications from us (for example, by post, email, fax or telephone), you may opt-out by clicking the link in the relevant communication, completing the forms provided to you (where relevant), or by contacting us (see the ‘Contact’ section for details). #### 10. Retention and Deletion of your Personal Data We keep your Personal Data for as long as it is required by us for our legitimate business purposes, to perform our contractual obligations or, where longer, such longer period as is required or permitted by law or regulatory obligations which apply to us. We will generally: - Retain Personal Data about you throughout the life cycle of any investment you are involved in; and - Retain some Personal Data after your relationship with us ends. As a general principle, we do not retain your Personal Data for longer than we need it. We will usually delete your Personal Data (at the latest) after you cease to be an investor in any fund and there is no longer any legal / regulatory requirement, or business purpose, for retaining your Personal Data. #### 11. Your Rights You may, subject to certain limitations, have data protection rights depending on the data protection laws that apply to our processing of your Personal Data, including the right to: - Access your Personal Data, and some related information, including the purpose for processing the Personal Data, the categories of recipients of that Personal Data to the extent that it has been transferred internationally, and, where the Personal Data has not been collected directly from you, the source (the category information). - Restrict the use of your Personal Data in certain circumstances. - Have incomplete or inaccurate Personal Data corrected. - Ask us to stop processing your Personal Data. - Require us to delete your Personal Data in some limited circumstances. You also have the right in some circumstances to request us to “port” your Personal Data in a portable, re-usable format to other organizations (where this is possible). #### 12. Concerns or Queries We take your concerns very seriously. We encourage you to bring to our attention any concerns you have about our processing of your Personal Data. This Data Privacy Notice was drafted with simplicity and clarity in mind. We are, of course, happy to provide any further information or explanation needed. Please see the ‘Contact’ section for details. Please also contact us via any of the contact methods listed below if you have a disability and require an alternative format of this Data Privacy Notice. #### 13. Contact Us Please contact us if you have any questions about this Data Privacy Notice or the Personal Data we hold about you. Contact us by email at contact@arpdigital.io #### 14. Changes to this Data Privacy Notice We keep this Data Privacy Notice under regular review. Please check regularly for any updates at our investor portal. ### Risk Disclosure Statement URL: https://www.arpdigital.io/en/legal/bsc/risk-disclosure-statement ARP Digital — Version 1.0 — Effective 21 April 2026 #### Introduction Before trading or investing in Virtual Assets through ARP’s products and services, please carefully review this Risk Disclosure Statement. It outlines the general and specific risks associated with Virtual Assets. By accessing or using ARP’s platform, you acknowledge and accept these risks. #### General Risks of Virtual Asset Trading Trading and investing in Virtual Assets is highly speculative and complex, involving significant financial risks, including but not limited to: - Market Volatility: The value of Virtual Assets can fluctuate rapidly, potentially resulting in the loss of your entire investment. - Cybersecurity Threats: Virtual Assets and their underlying networks are vulnerable to hacking, fraud, and market manipulation. - Regulatory Uncertainty: Regulations governing Virtual Assets are evolving, and legal or regulatory changes may impact their use, transfer, exchange, or value. - Lack of Consumer Protections: Virtual Assets are not legal tender and are not backed or insured by any government or financial institution. - Personal Responsibility: You are solely responsible for understanding the risks associated with Virtual Assets and related technologies. Consult financial, legal, or tax professionals to determine whether trading or investing in Virtual Assets aligns with your financial condition and risk tolerance. #### Key Risks Associated with Virtual Assets ### Legal and Regulatory Risks - Virtual Assets are not considered legal tender and do not have the same protections as traditional financial instruments. - Regulatory actions, government restrictions, or policy changes may affect the value, liquidity, or legality of Virtual Assets. ### Market and Liquidity Risks - Virtual Asset prices are highly volatile and can experience significant gains or losses within short periods. - There is no guarantee of liquidity; you may not be able to sell or exchange Virtual Assets when desired. - Digital Asset prices on the secondary market are driven by supply and demand and may be highly volatile. Limited liquidity may make it difficult or impossible to exit a position when desired. ### Counterparty Risk - You may be exposed to counterparty risk when using ARP’s services, including market makers, liquidity providers, and payment processors. - Borrowers may default on repayment obligations, delaying the redemption of deposits in certain products. ### Security and Fraud Risks - Virtual Assets are vulnerable to hacks, cyber-attacks, fraud, and security breaches. - Loss of private keys, phishing attacks, or other security failures can result in the permanent loss of Virtual Assets. - Transactions are irreversible, and losses due to fraud, errors, or unauthorized access may not be recoverable. - Digital Assets are inherently exposed to cybersecurity risks. While ARP takes reasonable measures to safeguard assets, no system can fully eliminate security risks. ### Network and Operational Risks - Virtual Asset transactions occur on decentralized networks, which may experience congestion, delays, or failures. - ARP’s platform relies on technology that may be subject to outages, disruptions, or technical failures affecting access, trading, or transfers. - There is no guarantee that ARP’s services will always be available. Unplanned service outages, network congestion, or system failures may prevent you from buying, selling, or transferring Digital Assets when desired. ### Third-Party Risks - Third parties such as payment providers, custodians, and banking partners may be involved in the provision of ARP’s services. - You may be subject to their terms and conditions, and ARP is not responsible for any loss arising from third-party service providers. ### Transparency and Privacy Risks - Transactions may be recorded on a public ledger, affecting anonymity and privacy. - The future acceptance and adoption of Virtual Assets for transactions are not guaranteed, and different assets may have varying degrees of technological, governance, and market risks. #### Independent Investment Decisions - ARP does not provide investment advice, endorse specific Virtual Assets, or recommend trading strategies. - You are solely responsible for making investment decisions based on your personal financial objectives and risk tolerance. #### Risk Disclosures for Specific Virtual Assets ARP conducts due diligence before listing any Virtual Asset; however, risks may evolve over time. It is essential to conduct your own research and understand the risks associated with any Virtual Asset before trading or investing. This disclosure is not exhaustive, and additional risks may exist beyond those outlined in this statement. By proceeding with Virtual Asset transactions on ARP’s platform, you acknowledge and accept the risks described above. ### Terms and Conditions URL: https://www.arpdigital.io/en/legal/bsc/terms-and-conditions ARP Digital — Version 1.0 — Last Updated: 17 October 2023 #### 1. Introduction By accessing or using this website (the “Site”) of ARP Digital and its affiliates (collectively, “ARP Digital”), you hereby accept and agree to comply with these Terms and Conditions of Use. You acknowledge your understanding that these Terms and Conditions of Use constitute a binding agreement between you and ARP Digital (sometimes referred to as “we” or “us”) that governs your access and use of the Site, which includes any images, text, illustrations, designs, icons, photographs, programs, music clips, downloads, systems and methods of trading, video clips, graphics, user interfaces, visual interfaces, information, data, tools, products, written materials, services and other content (together, “Content”), including but not limited to the design, structure, selection, coordination, expression and arrangement of the Content available on or through the Site. PLEASE READ THESE TERMS AND CONDITIONS OF USE CAREFULLY BEFORE USING THE SITE. EACH TIME YOU USE THE SITE, YOUR USE INDICATES YOUR FULL ACCEPTANCE OF AND AGREEMENT TO ABIDE BY THESE TERMS AND CONDITIONS IN CURRENT FORM. IF YOU DO NOT ACCEPT THE TERMS AND CONDITIONS STATED HEREIN, DO NOT USE THE SITE. IF YOU DO NOT AGREE TO THESE TERMS AND CONDITIONS OF USE, YOU AGREE THAT YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THE SITE. YOUR COMPLIANCE WITH THESE TERMS AND CONDITIONS OF USE AND ALL OTHER RULES, PROCEDURES, POLICIES, TERMS AND CONDITIONS THAT GOVERN ALL OR ANY PORTION OF THE SITE IS A CONDITION TO YOUR RIGHT TO ACCESS THE SITE. YOUR BREACH OF ANY PROVISION OF THESE TERMS AND CONDITIONS OF USE OR OTHER RULES, PROCEDURES, POLICIES, TERMS AND CONDITIONS THAT GOVERN ALL OR ANY PORTION OF THE SITE WILL AUTOMATICALLY, WITHOUT THE REQUIREMENT OF NOTICE OR OTHER ACTION, REVOKE AND TERMINATE YOUR RIGHT TO ACCESS THE SITE AND YOU WILL BE FULLY LIABLE FOR CONVERSION, MISAPPROPRIATION, TRESPASS TO CHATTELS AND ALL OTHER CLAIMS AND CAUSES, REGARDLESS OF THE IDENTITY OF CLAIMANT OR INJURED PARTY, ARISING FROM OR RELATING TO YOUR CONTINUED USE OF THE SITE AFTER SUCH BREACH. #### 2. Limited Right to Use ARP Digital grants you a limited right to use the Site. Your right to use the Site is subject to your agreement to abide by these Terms and Conditions of Use in their entirety, as well as any other rules, procedures, policies, terms or conditions that govern all or any portion of the Site. At any time and for any reason ARP Digital may revoke your right to use all or any portion of the Site. #### 3. Updates to the Site ARP Digital reserves the right to make changes to the Site and these Terms and Conditions of Use at any time without prior notice to you. For this reason, each time you use the Site, you should visit and review the then-current Terms and Conditions of Use that apply to your use of the Site. #### 4. Site Security You may not violate or attempt to violate the security of the Site. Tampering with any portion of the Site, providing untruthful or inaccurate information, misrepresenting your identity, or conducting fraudulent activities on the Site, whether or not through the use of agents, are prohibited and constitute a breach of these Terms and Conditions of Use. You are prohibited from violating or attempting to violate the security of the Site, including, without limitation: - Accessing data not intended for you or logging onto a server or an account which you are not authorized to access; - Disabling, removing, defeating, or avoiding any security device or system, including, without limitation, any password and login functionality used to authenticate users; - Attempting to probe, scan or test the vulnerability of a system or network or to breach security or authentication measures without proper authorization; - Attempting to interfere with service to any user, host or network, including, without limitation, via means of submitting a virus to the Site, overloading, “flooding,” “spamming,” “mailbombing” or “crashing”; - Sending unsolicited email, including promotions and/or advertising of products or services; - Forging any TCP/IP packet header or any part of the header information in any email or posting; - Using or attempting to use any engine, software, tool, agent or other device or mechanism (including, without limitation, browsers, spiders, robots, avatars or intelligent agents) to navigate or search the Site other than the search engine and search agents available on the Site and other than generally available third party web browsers; - Reverse engineering, decompiling or disassembling the underlying software; - Removing any notices, warnings, labels, annotations or instructions from any portion of the Site or any related material, including, without limitation, any patent, trademark, copyright, or other proprietary notices or license provisions; or - Otherwise invading the privacy of, obtaining the identity of, or obtaining any personal information about any user of the Site. Any violations of system or network security, including attempts to intentionally access a computer without authorization or exceed your authorized access level, may result in civil and criminal charges, including but not limited to charges under the Computer Fraud and Abuse Act (18 U.S.C. §1030). ARP Digital may investigate occurrences that might involve such violations and may involve, and cooperate with, law enforcement authorities in prosecuting users who are involved in such violations. We may, without prior notice or warning of any kind, restrict or terminate the access of any and all users to the Site if we reasonably conclude that such restriction or termination is necessary to prevent, or prevent the further spread, of a virus, security breach or system malfunction. #### 5. Ownership of Materials on Site You may download or copy Content only to the extent such download is expressly permitted in writing on the Site. No right, title or interest in any downloaded materials or software is transferred to you as a result of any such downloading or copying. You may not reproduce (except as noted above), publish, transmit, distribute, display, modify, create derivative works from, sell or participate in any sale of or exploit in any way, in whole or in part, any of the Content, the Site or any related software. Anything transmitted to the Site by you becomes ARP Digital’s property and may be used by us for any lawful purpose. ARP Digital reserves all rights with respect to copyright and trademark ownership of all material on the Site, and will enforce such rights to the full extent of the law. Unless otherwise noted, all Contents are copyrights, trademarks, trade dress and/or other intellectual property owned, controlled or licensed by ARP Digital or by third parties who have licensed their materials to ARP Digital and are protected by U.S. and international copyright laws. The compilation of all Contents on the Site is the exclusive property of ARP Digital BH and is also protected by U.S. and international copyright laws. #### 6. Cookies We may collect certain aggregate and non-personal information when you visit the Site. We may collect this information through “cookie” technology. Cookies are bits of text that can be placed on your computer’s hard drive when you visit certain websites. Cookies may enhance your online experience by saving your preferences while you are visiting a particular site. The “help” portion of the toolbar on most browsers will tell you how to stop accepting new cookies, how to be notified when you receive a new cookie, and how to disable existing cookies. Remember, though, without cookies, you may not be able to take full advantage of all of the Site features. #### 7. No Offers or Reliance The information on this website is provided for informational purposes only. No Content or other material on the Site shall be used or considered as an offer to sell or a solicitation of any offer to buy the securities or services of ARP Digital or any other issuer. Offers can only be made where lawful under, and in compliance with, applicable law. ARP Digital makes no representations that transactions, products or services discussed on the Site are available or appropriate for sale or use in all jurisdictions or by all investors. Those who access the Site do so at their own initiative and are responsible for compliance with local laws or regulations. While ARP Digital uses reasonable efforts to obtain information from reliable sources, ARP Digital makes no representations or warranties as to the accuracy, reliability or completeness of any information or document at the Site obtained outside of ARP Digital. Certain information on the Site may contain forward-looking statements, which reflect our views with respect to, among other things, our operations and financial performance. Such forward-looking statements are subject to various risks and uncertainties and speak only as of the date on which they are made. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from this indicated in these statements. You can identify these forward-looking statements by the use of words such as “outlook,” “indicator,” “believe,” “expect,” “potential,” “continue,” “may,” “should,” “seek,” “approximately,” “predict,” “anticipate,” “optimistic,” “intend,” “plan,” “estimate,” “aim,” “will” or the negative version of these words or similar expressions. ARP Digital undertakes no obligation to update publicly or revise any information on the Site, whether as a result of new information, future developments or otherwise. Opinions and any other Contents at the Site are subject to change without notice. ARP Digital is not utilizing the Site to provide investment or other advice, and no information or material at the Site is to be deemed a recommendation to buy or sell any securities or is to be relied upon for the purpose of making or communicating investment or other decisions. In addition, no information, Content or other materials contained on the Site should be construed or relied upon as investment, legal, accounting, tax or other professional advice or in connection with any offer or sale of securities. Any transactions listed on the Site are included as representative transactions and are not necessarily reflective of overall performance. ARP Digital does not advise on the tax consequences of any investment. #### 8. Past Performance Past performance is not indicative of future results; no representation is being made that any investment will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided. #### 9. No Warranty; Limitation on Liability BY USING THE SITE, YOU EXPRESSLY AGREE THAT SUCH USE IS AT YOUR SOLE RISK. THE SITE AND RELATED SERVICES ARE PROVIDED ON AN “AS IS”, “AS AVAILABLE” AND “WITH ALL FAULTS” BASIS. NEITHER ARP DIGITAL BH NOR ANY OF ITS RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, THIRD-PARTY CONTENT PROVIDERS, DESIGNERS, CONTRACTORS, DISTRIBUTORS, MERCHANTS, SPONSORS, LICENSORS OR THE LIKE (COLLECTIVELY, “ASSOCIATES”) WARRANT THAT USE OF THE SITE OR RELATED SERVICES WILL BE UNINTERRUPTED OR ERROR-FREE. NEITHER ARP DIGITAL BH NOR ITS ASSOCIATES WARRANT THE ACCURACY, INTEGRITY, COMPLETENESS, AVAILABILITY OR TIMELINESS OF THE CONTENT PROVIDED IN THE SITE OR THE MATERIALS OR SERVICES OFFERED IN THE SITE NOW OR IN THE FUTURE. ARP DIGITAL BH AND ITS ASSOCIATES SPECIFICALLY DISCLAIM ALL WARRANTIES, WHETHER EXPRESSED OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF TITLE, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT OF THE SITE, INFORMATION ON THE SITE OR THE RESULTS OBTAINED FROM USE OF THE SITE OR RELATED SERVICES. UNDER NO CIRCUMSTANCES WILL ARP DIGITAL BH OR ITS ASSOCIATES BE LIABLE TO YOU OR ANYONE ELSE FOR ANY DIRECT, CONSEQUENTIAL, INCIDENTAL, SPECIAL, EXEMPLARY, PUNITIVE OR OTHER INDIRECT DAMAGES, INCLUDING BUT NOT LIMITED TO LOST PROFITS, TRADING LOSSES, UNAUTHORIZED ACCESS, SYSTEMS FAILURE, COMMUNICATIONS LINE FAILURE, INTERNET FAILURE OR DAMAGES THAT RESULT FROM USE OR LOSS OF USE OF THE SITE, CONTENT, INCONVENIENCE OR DELAY. THIS IS TRUE EVEN IF ARP DIGITAL BH HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES OR LOSSES. Any Content downloaded or otherwise obtained through the Site is done at your own discretion and risk and you are solely responsible for any damage to your computer or other electronic system or loss of data that results from the download of any such Content. The foregoing limitation of liability will apply in any action, whether in contract, tort or any other claim, even if an authorized representative of ARP Digital has been advised of or should have knowledge of the possibility of such damages. #### 10. Warning Regarding Web Fraud and Phishing Our name, brands and reputation may be misused by imposters and frauds publishing fake websites and engaging in “phishing” scams seeking personal or confidential information. When communicating with ARP Digital through digital media, please: - Confirm you are visiting an ARP Digital authorized web site. - Do not share your password and login ID with anyone, including anyone from ARP Digital BH. Certain ARP Digital web sites are private, available only to clients through secure log-in procedures. Apart from allowing you to use your password and log-in to enter an authorized web site, ARP Digital will never ask you for your password or log in information. (If you forget your password or login, we will issue you new ones.) - Do not send e-mails to anyone with an address other than authorized ARP Digital e-mail addresses. ARP Digital only uses “@arpdigital.io” for e-mail addresses. ARP Digital does not permit our employees and authorized representatives to send or receive work related e-mails from personal accounts or any other address. If you have any questions about the above, please contact ARP Digital using our Contact page. #### 11. Termination of Use These Terms and Conditions of Use are effective unless and until terminated by either you or ARP Digital. You may terminate these Terms and Conditions of Use at any time, provided that you discontinue any further use of the Site. We also may terminate these Terms and Conditions of Use, in our sole discretion, at any time and may do so immediately without notice, and accordingly deny you access to the Site. Upon any termination of these Terms and Conditions of Use by either you or us, you must promptly destroy all materials downloaded or otherwise obtained from the Site, as well as all copies of such materials, whether made under these Terms and Conditions of Use or otherwise. #### 12. Indemnification As a condition of your use of the Site, you agree to indemnify and hold ARP Digital and its Associates harmless from and against any and all claims, losses, liability, costs and expenses (including, but not limited, to attorney’s fees), as incurred, arising from your use of the Site or related services or from your violation of these Terms and Conditions of Use. #### 13. Representations and Warranties You represent and warrant that: (i) you have full authority and all rights necessary to enter into and fully perform all of your obligations pursuant to these Terms and Conditions of Use; (ii) you have not and you will not enter into any agreement or perform any act which might contravene the purposes and/or effects of these Terms and Conditions of Use; and (iii) you will not delete any Content. #### 14. Effect on Other Agreements Nothing contained in these Terms and Conditions of Use is intended to modify or amend any other written agreement you may have with ARP Digital (including without limitation any customer agreement, participation agreement or account agreement) (collectively, “Other Agreements”), if any, that may currently be in effect. In the event of any inconsistency between these Terms and Conditions of Use and any Other Agreement, the Other Agreement will govern. Some pages within the Site contain supplemental terms and conditions and additional disclosure and disclaimers, which are in addition to these Terms and Conditions of Use. In the event of a conflict, such supplemental terms and conditions and additional disclosures and disclaimers will govern for those sections or pages. #### 15. Governing Law These Terms and Conditions of Use are governed by the laws of Dubai (except for conflict of law provisions). Any claim related to any dispute arising as a result of the Site or under these Terms and Conditions of Use will be made before a court of competent jurisdiction located in Dubai. If any provision of these Terms and Conditions of Use is held to be unenforceable, such provision will be reformed only to the extent necessary to make it enforceable. The failure of ARP Digital to act with respect to a breach of these Terms and Conditions of Use by you or others does not constitute a waiver and will not limit ARP Digital’s rights with respect to such breach or any subsequent breaches. #### 16. Arbitration By using the Site, you agree that ARP Digital, at its sole discretion, may require you to submit any disputes arising from the use of the Site, related services or these Terms and Conditions of Use concerning or, including disputes arising from or concerning their interpretation, violation, nullity, invalidity, non-performance or termination, as well as disputes about filling gaps in this contract or its adaptation to newly arisen circumstances, to final and binding arbitration under the International Rules of Arbitration of the American Arbitration Association, by one or more arbitrators appointed in accordance with the said rules. Notwithstanding these rules, however, such proceeding shall be governed by the laws of the state as set forth in the previous section. ### Cookies Policy URL: https://www.arpdigital.io/en/legal/bsc/cookies ARP Digital Bahrain B.S.C. (c) — Version 1.0 — Effective 21 April 2026 #### 1. Introduction This Cookies Policy (the “Policy”) is issued by ARP Digital Bahrain B.S.C. (c), Commercial Registration No. 157134, Licensed as Capital Market-Crypto Assets Service Provider (Cat3) and regulated by the Central Bank of Bahrain under licence reference OG/438/2023 (“ARP Digital,” “we,” “us,” or “our”). This Policy explains how ARP Digital uses cookies and similar technologies on our websites, platforms, and digital services (collectively, the “Sites”). It describes the categories of cookies we deploy, the purposes for which we use them, the third parties involved, and the rights available to you to control how your personal data is processed through these technologies. ARP Digital is committed to protecting personal data and to complying with all applicable data protection and privacy laws. Where the legal frameworks governing our activities impose differing or overlapping requirements, ARP Digital applies the stricter standard in favour of the data subject. #### 2. Scope and Application This Policy applies to all visitors to and users of the Sites, including prospective clients, existing clients, counterparties, and members of the public. This Policy does not apply to: - Third-party websites or applications accessed through links from the Sites, which are governed by their own privacy and cookie policies; - Offline processing of personal data by ARP Digital, which is governed by the ARP Digital Privacy Notice; or - Internal processing of employee and contractor personal data, which is governed by the Human Resources Privacy Notice. This Policy should be read together with the ARP Digital Privacy Notice and the Terms of Use of the Sites. #### 3. What Are Cookies Cookies are small text files placed on your device (computer, tablet, or mobile) when you visit a website. They enable the website to recognise your device, remember information about your visit, and provide functionality tailored to you. Cookies may be classified as: - First-party cookies - set directly by ARP Digital. - Third-party cookies - set by external service providers engaged by ARP Digital. - Session cookies - temporary cookies deleted when you close your browser. - Persistent cookies - cookies that remain on your device for a defined retention period. ARP Digital also uses technologies that operate in a manner similar to cookies, including pixels, tags, web beacons, local storage, and software development kit (SDK) identifiers. References to “cookies” in this Policy include these similar technologies. #### 4. Legal and Regulatory Framework This Policy is issued in compliance with the following frameworks: - Kingdom of Bahrain - Personal Data Protection Law No. (30) of 2018 and Ministerial Order No. (48) of 2022 regarding Data Subject Rights. - European Union (where processing is subject to EU law) - Regulation (EU) 2016/679 (the General Data Protection Regulation, the “GDPR”) and Directive 2002/58/EC as amended (the “ePrivacy Directive”). Where the requirements of Bahraini and European law differ, ARP Digital applies the higher standard of protection. In particular: - Explicit, prior, and informed consent is obtained before any non-essential cookie is placed on your device. - ARP Digital does not operate a “cookie wall”: access to the Sites is not conditional upon the acceptance of non-essential cookies. - Consent can be withdrawn at any time, free of charge, and through the same mechanism by which it was given. Detailed regulatory references are set out in Annex A. #### 5. Categories of Cookies We Use ARP Digital groups cookies into four categories. ### 5.1 Strictly Necessary Cookies Required for the Sites to function. They enable core features such as secure log-in, session management, cross-site request forgery (CSRF) protection, load balancing, security, and recording of your consent preferences. These cookies are placed without consent because the Sites cannot operate without them. They do not collect information used for marketing. ### 5.2 Functional Cookies Enable enhanced functionality, such as remembering your language, region, or display preferences. Functional cookies are deployed only with your prior consent. ### 5.3 Analytics and Performance Cookies Collect aggregated and, where possible, anonymised information about how visitors use the Sites (pages visited, time spent, navigation paths, errors encountered). This allows ARP Digital to improve performance and user experience. Analytics cookies are deployed only with your prior consent. ### 5.4 Marketing and Advertising Cookies Used to measure the effectiveness of ARP Digital’s marketing activities, deliver relevant content, and prevent repeated delivery of the same information. Marketing cookies are deployed only with your prior consent and are never used in connection with profiling that has legal or similarly significant effects on you. #### 6. Cookie Inventory The table below sets out the specific cookies currently deployed on the Sites. The inventory is reviewed and updated periodically. The up-to-date list is always available through the cookie preference centre on the Sites. CategoryCookie NameProviderPurposeTypeRetentionStrictly NecessaryARPSESSIONARP Digital (first-party)Session identifier for authenticated browsingSessionUntil browser closeStrictly Necessaryarp_csrfARP Digital (first-party)Cross-site request forgery protectionSessionUntil browser closeStrictly Necessaryarp_consentARP Digital (first-party)Records cookie consent preferencesPersistent12 monthsStrictly Necessary__cf_bm, cf_clearanceCloudflare, Inc.Bot management, security, rate limitingSession / PersistentUp to 30 daysAnalytics_ga, _ga_*, _gidGoogle LLC (Google Analytics 4)Website usage analyticsPersistentUp to 2 yearsMarketingli_sugr, bcookie, lidcLinkedIn Ireland Unlimited CompanyCampaign measurement and attributionPersistentUp to 2 years > This inventory is indicative pending confirmation by ARP Digital’s IT function. Items marked [Verify] must be validated against live site deployment before publication. #### 7. Third-Party Cookies and Processors ARP Digital engages the following categories of third parties whose cookies may be placed on your device: - Security and infrastructure - Cloudflare, Inc. (web application firewall, bot management, content delivery). - Analytics - Google LLC (Google Analytics 4). - Marketing and advertising - LinkedIn Ireland Unlimited Company. Each third party processes personal data in accordance with its own privacy notice. Direct links to those notices are available through the cookie preference centre on the Sites. ARP Digital ensures that all third-party processors engaged for cookie-related processing are bound by written data processing agreements and apply appropriate technical and organisational safeguards consistent with the frameworks referenced in this Policy. #### 8. Consent ### 8.1 When Consent is Required ARP Digital obtains your prior, explicit, and informed consent before placing any cookie on your device other than a Strictly Necessary cookie. ### 8.2 How Consent is Obtained On your first visit to the Sites, and periodically thereafter, you will be presented with a cookie banner. The banner: - Clearly identifies ARP Digital as the data controller; - Describes the categories of cookies used and their purposes; - Offers granular choices by category, with all non-essential categories set to “off” by default; - Presents “Accept All” and “Reject All” options with equal prominence; and - Provides access to further information and to the cookie preference centre. ### 8.3 No Cookie Wall Access to the Sites is not conditioned on the acceptance of non-essential cookies. Selecting “Reject All” or dismissing the banner does not prevent you from using the Sites. ### 8.4 Record of Consent ARP Digital maintains a record of consent decisions, including the date, scope of consent, and the version of this Policy in force at the time of consent. These records are retained for the period set out in Section 14. #### 9. Managing Your Preferences You may manage your cookie preferences at any time through: - The cookie preference centre accessible via the “Cookie Settings” link in the footer of the Sites. - Your browser settings - most browsers allow you to block, delete, or restrict cookies. Please note that disabling Strictly Necessary cookies may prevent certain features of the Sites from functioning. - Industry opt-out mechanisms for online advertising, including the Digital Advertising Alliance (aboutads.info), the Network Advertising Initiative (networkadvertising.org), and, for EU users, Your Online Choices (youronlinechoices.eu). #### 10. Withdrawing Consent You may withdraw your consent to non-essential cookies at any time, free of charge, through the cookie preference centre. Withdrawal is as straightforward as giving consent. Once withdrawn, ARP Digital will cease the relevant processing without undue delay. Withdrawal of consent does not affect the lawfulness of processing carried out on the basis of consent before its withdrawal. Where ARP Digital is permitted or required by law to retain certain data following withdrawal (for example, for record-keeping, regulatory, or legal-defence purposes), that data will be retained only for the period prescribed by law and subject to appropriate security and privacy safeguards. #### 11. Your Rights as a Data Subject Subject to applicable law, you have the right to: - Access - obtain confirmation of whether ARP Digital processes your personal data and receive a copy of that data. - Rectification - have inaccurate or incomplete personal data corrected. - Erasure - request deletion of your personal data where no longer necessary for the purposes for which it was collected, where consent is withdrawn and no other lawful basis applies, or as otherwise permitted by law. - Restriction - request that processing be limited in defined circumstances. - Objection - object to processing, including for direct marketing purposes and, where applicable, profiling. - Data Portability - receive your personal data in a structured, commonly used, machine-readable format and have it transmitted to another controller where technically feasible. - Withdraw Consent - as set out in Section 10. - Not Be Subject to Solely Automated Decisions - as set out in Section 12. - Lodge a Complaint - with the competent supervisory authority (see Section 19). To exercise any of these rights, please contact the Data Protection Officer using the details in Section 18. ARP Digital will respond within the timeframes prescribed by applicable law. A request will not be refused or charged for unless it is manifestly unfounded or excessive, in which case ARP Digital will explain the basis for any such determination. #### 12. Automated Decision-Making ARP Digital does not use cookies to carry out decisions based solely on automated processing that produce legal or similarly significant effects concerning you. Where any such processing is introduced in future, ARP Digital will: - Inform you in advance of the processing, the logic involved, and the significance and envisaged consequences; - Provide a clear electronic mechanism enabling you to raise objections and to request human review; and - Notify you of the outcome of any objection within a reasonable period. #### 13. International Data Transfers Personal data collected through cookies may be transferred to and processed in jurisdictions outside the Kingdom of Bahrain, including the European Economic Area, the United Kingdom, and the United States. Where such transfers occur, ARP Digital ensures that: - The destination jurisdiction provides an adequate level of protection as recognised under applicable law; - Appropriate safeguards are in place (including standard contractual clauses or equivalent mechanisms); or - The transfer is otherwise permitted under an applicable statutory derogation. Details of active transfers and the safeguards in place are available on request from the Data Protection Officer. #### 14. Retention of Data Collected via Cookies Cookie-specific retention periods are set out in Section 6. Data collected through cookies is retained for no longer than is necessary for the purposes described in this Policy, unless a longer retention period is required or permitted by law. Consent records are retained for twenty-four (24) months from the date of the most recent consent action, or for such longer period as required by applicable law. #### 15. Children’s Data The Sites are not directed at persons under the age of eighteen (18). ARP Digital does not knowingly collect personal data from minors through cookies. If ARP Digital becomes aware that personal data of a minor has been collected, that data will be deleted promptly. #### 16. Security ARP Digital maintains appropriate technical and organisational measures to protect personal data collected through cookies against unauthorised access, alteration, disclosure, loss, or destruction. These measures are aligned with the ARP Digital Information Security Framework and are reviewed periodically. #### 17. Changes to This Policy ARP Digital may update this Policy from time to time to reflect changes in its practices, the cookies used, or applicable law. Material changes will be notified through the Sites and, where required, by requesting fresh consent. The version number and effective date appear at the beginning of this Policy. #### 18. Contact - Data Protection Officer To exercise any of the rights described in this Policy, to raise an objection, or to contact ARP Digital on any matter relating to this Policy, please contact: Data Protection Officer Pratik Mohite Lead Infrastructure Engineer & Data Protection Officer ARP Digital Bahrain B.S.C. (c) Flat 1106, Building 155, Road 1703, Block 317 Diplomatic Area, Kingdom of Bahrain Email: pratik@arpdigital.io ARP Digital will acknowledge your request within a reasonable period and respond within the timeframes prescribed by applicable law. #### 19. Supervisory Authorities You have the right to lodge a complaint with the competent supervisory authority if you believe that ARP Digital’s processing of your personal data infringes applicable law. - Kingdom of Bahrain - Personal Data Protection Authority (the administrative functions of which are exercised by the Ministry of Justice, Islamic Affairs and Waqf pursuant to Decree No. 78 of 2019). - European Union - the supervisory authority in your Member State of habitual residence, place of work, or the place of the alleged infringement. Exercising your right to lodge a complaint does not affect any other legal remedy available to you. #### Annex A - Regulatory References FrameworkReferenceRelevanceBahrain PDPLLaw No. (30) of 2018 - Sections 1, 4, 5, 22, 24Lawful bases for processing, consent, data subject rights, automated processingBahrain Data Subject Rights OrderMinisterial Order No. (48) of 2022 - Articles 3, 4, 5, 6, 7Consent format, cookie-wall prohibition, withdrawal of consent, procedures for objection, automated-processing proceduresBahrain PDPA DesignationDecree No. (78) of 2019Designation of administrative authority for data protectionEU GDPRRegulation (EU) 2016/679 - Articles 6, 7, 12–23, 44–49Lawful bases, consent, data subject rights, automated decision-making, international transfersEU ePrivacyDirective 2002/58/EC (as amended) - Article 5(3)Consent requirement for access to information stored on the user’s device ## Legal — FZCO ### Data Privacy & Protection Policy URL: https://www.arpdigital.io/en/legal/fzco/privacy-policy ARP Digital FZCO — Version 1.0 — Last Updated: 14 May 2026 #### 1. Introduction and Policy Statement ARP Digital FZCO (the "Firm") is committed to maintaining the highest standards of data privacy and security. This Data Privacy Policy (the "Policy") establishes the framework for how the Firm collects, processes, stores, and protects Personal Data in the course of its Virtual Asset activities. This Policy is designed to ensure strict compliance with: - VARA Technology and Information Rulebook, specifically Rule II.B (Compliance Programme). - UAE Federal Decree-Law No. (45) of 2021 on the Protection of Personal Data (the "PDPL"). - Applicable international data protection standards where the Firm operates globally. #### 2. Scope and Applicability This Policy applies to all "Personal Data" processed by ARP Digital FZCO regarding: - Clients: Individuals and institutional representatives using the Firm’s services. - Employees: All full-time, part-time, and temporary staff. - Associated Persons: Agents, consultants, and third-party intermediaries. #### 3. Governance and DPO Appointment In accordance with Rule II.B of the VARA Technology and Information Rulebook, ARP Digital FZCO has established a formal Data Protection Compliance Programme: #### 3.1 Data Protection Officer (DPO) The Firm has appointed a Data Protection Officer (DPO) who possesses the requisite competencies and experience to perform statutory duties under Article 11 of the UAE PDPL. - Role: The DPO acts as the primary point of contact for VARA and data subjects regarding data privacy matters. - Independence: The DPO reports directly to Senior Management to ensure independence in monitoring compliance. - As permitted by VARA, this role may be held by the Chief Information Security Officer (CISO) if appropriate. #### 3.2 Data Protection Function The Firm has established a dedicated function responsible for the management and protection of Personal Data. This function is integrated into the Firm's broader Risk and Compliance framework and is responsible for: - Implementing technical and organizational measures to protect data. - Conducting Data Protection Impact Assessments (DPIAs) for high-risk processing activities. - Maintaining the Record of Processing Activities (ROPA). #### 4. Data Collection and Processing The Firm collects and processes Personal Data only for specified, clear, and legitimate purposes, including: - Client Onboarding (KYC/KYB): Collecting identity documents (passports, IDs), biometric data, and corporate affiliations to comply with AML/CFT laws. - Service Provision: Processing wallet addresses, transaction history, and settlement details to execute Virtual Asset transfers. - Regulatory Compliance: Retaining records to satisfy VARA, UAE Financial Intelligence Unit (FIU), and other regulatory reporting obligations. #### 5. Data Security and Storage To comply with VARA Rule I.L regarding client data privacy, the Firm employs a "defense-in-depth" approach to security: - Encryption: All Personal Data is encrypted both in transit (using TLS 1.2+) and at rest (using AES-256 standard). - Access Control: Access to Personal Data is restricted on a "need-to-know" basis, managed via strict Role-Based Access Controls (RBAC) and Multi-Factor Authentication (MFA). - Data Localization: Personal Data is stored on secure servers adhering to UAE data sovereignty requirements where applicable. #### 6. Data Sharing and Transfers The Firm does not sell Personal Data. Data is only shared with: - Service Providers: Third-party processors (e.g., eKYC providers, cloud hosts) who are contractually bound to equivalent data protection standards. - Regulatory Authorities: VARA, Law Enforcement, and other competent authorities upon lawful request. - Cross-Border Transfers: Transfers of data outside the UAE are only conducted to jurisdictions with an adequate level of protection or under standard contractual clauses (SCCs) ensuring safeguards equivalent to the UAE PDPL. #### 7. Data Subject Rights Under the UAE PDPL, individuals have the following rights regarding their Personal Data: - Right to Access: Request a copy of the Personal Data held by the Firm. - Right to Correction: Request correction of inaccurate or incomplete data. - Right to Erasure: Request deletion of data ("Right to be Forgotten"), subject to the Firm’s regulatory record-keeping obligations (e.g., 8-year retention for AML/VARA records). - Right to Restriction: Request the limitation of processing in certain disputes. #### 8. Data Breach Notification In the event of a Personal Data breach (accidental or unlawful destruction, loss, alteration, or unauthorized disclosure), the Firm adheres to strict reporting timelines: 1. Internal Escalation: Any employee who suspects a breach must immediately report it to the DPO. 2. VARA Notification: The DPO shall notify VARA within 24 hours of becoming aware of any incident affecting Personal Data. 3. Regulator Notification: The UAE Data Office will be notified as required under the PDPL. 4. Client Notification: Affected clients will be notified without undue delay if the breach is likely to result in a high risk to their rights and freedoms. #### 9. Contact Information For any inquiries regarding this Policy or to exercise data subject rights, please contact: Data Protection Officer (DPO) Name: Pratik Mohite Email: pratik@arpdigital.io Address: Al Furjan, Dubai, UAE ### Disclaimer URL: https://www.arpdigital.io/en/legal/fzco/disclaimer ARP Digital — Version 1.0 — Last Updated: October 17th, 2023 #### Information Purposes Only This material is strictly for information purposes only, and does not constitute or shall not be considered as, an offer, solicitation, or recommendation, to deal in any products. The information provided is not intended to provide a sufficient basis on which to make an investment decision. It is intended only to provide observations and views of certain personnel and has not been reviewed by any regulators elsewhere, which may be different from, or inconsistent with, the observations and views ARP Digital. #### No Liability ARP Digital assumes no obligation to update or otherwise revise this material, ARP Digital does not represent or warrant its accuracy or completeness and is not responsible for losses or damages arising out of errors, omissions or changes or from the use of information presented in this material. Contents in any third party sources (if any) in this material are completely beyond the control of ARP Digital. As such, ARP Digital shall not be held responsible for the accuracy, completeness and legality of the contents of such third-party contents. Any reference to third-party contents does not imply an endorsement, representation or warranty by ARP Digital. No liability will be accepted for any loss or damage arising from or in reliance upon the contents of this material or these independent third-party contents provided here. This material is not directed to or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would subject ARP Digital to any registration or licensing requirement within such jurisdiction. #### Limitations This material does not purport to contain all of the information that an interested party may desire and, in fact, provides only a limited view. Any headings are for the convenience of reference only and shall not be deemed to modify or influence the interpretation of the information contained. #### Reproduction All rights reserved. This material is not to be reproduced, in whole or part, without the written consent of ARP Digital. ### Risk Disclosure Statement URL: https://www.arpdigital.io/en/legal/fzco/risk-disclosure-statement ARP Digital — Version 1.0 — Effective 21 April 2026 #### Introduction Before trading or investing in Virtual Assets through ARP’s products and services, please carefully review this Risk Disclosure Statement. It outlines the general and specific risks associated with Virtual Assets. By accessing or using ARP’s platform, you acknowledge and accept these risks. #### General Risks of Virtual Asset Trading Trading and investing in Virtual Assets is highly speculative and complex, involving significant financial risks, including but not limited to: - Market Volatility: The value of Virtual Assets can fluctuate rapidly, potentially resulting in the loss of your entire investment. - Cybersecurity Threats: Virtual Assets and their underlying networks are vulnerable to hacking, fraud, and market manipulation. - Regulatory Uncertainty: Regulations governing Virtual Assets are evolving, and legal or regulatory changes may impact their use, transfer, exchange, or value. - Lack of Consumer Protections: Virtual Assets are not legal tender and are not backed or insured by any government or financial institution. - Personal Responsibility: You are solely responsible for understanding the risks associated with Virtual Assets and related technologies. Consult financial, legal, or tax professionals to determine whether trading or investing in Virtual Assets aligns with your financial condition and risk tolerance. #### Key Risks Associated with Virtual Assets ### Legal and Regulatory Risks - Virtual Assets are not considered legal tender and do not have the same protections as traditional financial instruments. - Regulatory actions, government restrictions, or policy changes may affect the value, liquidity, or legality of Virtual Assets. ### Market and Liquidity Risks - Virtual Asset prices are highly volatile and can experience significant gains or losses within short periods. - There is no guarantee of liquidity; you may not be able to sell or exchange Virtual Assets when desired. - Digital Asset prices on the secondary market are driven by supply and demand and may be highly volatile. Limited liquidity may make it difficult or impossible to exit a position when desired. ### Counterparty Risk - You may be exposed to counterparty risk when using ARP’s services, including market makers, liquidity providers, and payment processors. - Borrowers may default on repayment obligations, delaying the redemption of deposits in certain products. ### Security and Fraud Risks - Virtual Assets are vulnerable to hacks, cyber-attacks, fraud, and security breaches. - Loss of private keys, phishing attacks, or other security failures can result in the permanent loss of Virtual Assets. - Transactions are irreversible, and losses due to fraud, errors, or unauthorized access may not be recoverable. - Digital Assets are inherently exposed to cybersecurity risks. While ARP takes reasonable measures to safeguard assets, no system can fully eliminate security risks. ### Network and Operational Risks - Virtual Asset transactions occur on decentralized networks, which may experience congestion, delays, or failures. - ARP’s platform relies on technology that may be subject to outages, disruptions, or technical failures affecting access, trading, or transfers. - There is no guarantee that ARP’s services will always be available. Unplanned service outages, network congestion, or system failures may prevent you from buying, selling, or transferring Digital Assets when desired. ### Third-Party Risks - Third parties such as payment providers, custodians, and banking partners may be involved in the provision of ARP’s services. - You may be subject to their terms and conditions, and ARP is not responsible for any loss arising from third-party service providers. ### Transparency and Privacy Risks - Transactions may be recorded on a public ledger, affecting anonymity and privacy. - The future acceptance and adoption of Virtual Assets for transactions are not guaranteed, and different assets may have varying degrees of technological, governance, and market risks. #### Independent Investment Decisions - ARP does not provide investment advice, endorse specific Virtual Assets, or recommend trading strategies. - You are solely responsible for making investment decisions based on your personal financial objectives and risk tolerance. #### Risk Disclosures for Specific Virtual Assets ARP conducts due diligence before listing any Virtual Asset; however, risks may evolve over time. It is essential to conduct your own research and understand the risks associated with any Virtual Asset before trading or investing. This disclosure is not exhaustive, and additional risks may exist beyond those outlined in this statement. By proceeding with Virtual Asset transactions on ARP’s platform, you acknowledge and accept the risks described above. ## Recent Insights ### How UAE and Bahrain Corporates Convert Digital Assets to Local Currency URL: https://www.arpdigital.io/en/resources/news-insights/convert-digital-assets-aed-bhd Published: 2026-10-07T12:00:00.000Z Converting stablecoins to dirhams or dinars is a trade, not a transfer. How institutional conversion works, what moves the rate, and what the UAE permits. Converting digital assets to local currency is a trade executed by a licensed counterparty, not a funds transfer. The rate a business receives depends on when the quote is refreshed, how the counterparty sources liquidity at the stated size, and where the two separate clocks, trade execution and bank settlement, sit when confirmation arrives. Those three variables are what most content about digital asset conversion leaves out. ## What does converting digital assets to local currency actually involve? Three activities that are routinely conflated: conversion, settlement and custody. Each is distinct, separately licensed, and may involve different parties within a single transaction. Conversion is a trade. A licensed counterparty buys the digital asset at an agreed rate and delivers the fiat equivalent. Arranging and executing that exchange is what a VARA Broker-Dealer licence covers in the UAE. Completing a conversion does not mean fiat has moved. Settlement is the movement of fiat proceeds to the beneficiary account. It depends on the destination banking system's operating schedule, not on how quickly the trade executed. A conversion confirmed in minutes can still settle the following business day if it lands after the destination bank's processing window has closed. Custody is holding the digital asset before or after a trade. It may be provided by the conversion counterparty, by a separate regulated custodian, or not involved at all where the conversion is spot - the client sends the asset, the counterparty converts and settles. Institutional conversion at material size happens over the counter rather than on a public exchange. The reason is operational: an exchange order book fills large orders by consuming successive price levels, moving the price against the buyer as the order is absorbed. That cost - slippage - compounds on large tickets. For the mechanics at institutional scale, see What Exchange Slippage Actually Costs a GCC Business. ## How does an institutional conversion actually execute? Five stages. Understanding where the rate is set, and where it can move, separates a buyer who knows what they are booking from one who is surprised by the result. Stage 1 - Indicative quote. The desk calculates a rate against current market conditions, before the client has stated an amount. This is market information, not an offer the desk is committed to executing at an unstated size. Stage 2 - Size confirmation. The client states the amount. This matters because size determines the sourcing route available, whether the desk can fill from its own inventory at that moment or needs to source externally, and therefore what the executable rate will be. Stage 3 - Refreshed quote. The desk re-prices at the confirmed size, reflecting the market at that instant and the sourcing route that applies. This is the rate that will be booked. On a large ticket the gap between indicative and refreshed can be material, not because the desk moved its margin, but because the market moved and a different route now applies. A desk that holds the indicative quote through to execution without refreshing is pricing a rate it may not be able to execute. The refresh is what makes the quote real. Stage 4 - Confirmation and booking. The client confirms; the desk books at the refreshed rate. The rate is locked, and market movement after this point does not affect the conversion price. Stage 5 - Settlement. Fiat proceeds move to the beneficiary account on the destination banking system's schedule. StageWhat happensWhat the client controlsWhat moves the rateIndicative quoteA rate calculated against current market conditions, before size is confirmedNothing - this is market information, not a committed offerMarket price at the moment of quotingSize confirmationThe client states the amount to convertAmount, which determines the applicable sourcing routeNothing at this stageRefreshed quoteThe desk re-prices at the confirmed size, reflecting the market at that momentWhether to proceed at the refreshed rateMarket movement since the indicative, and the route required at the confirmed sizeConfirmation and bookingThe trade is struck at the refreshed rateAccept or declineNothing - the rate is locked at confirmationSettlementFiat proceeds reach the beneficiary accountBeneficiary account details, which must match the verified entity on fileDestination banking system cut-off times and operating windows Lifecycle stages reflect standard institutional OTC conversion structure. AED and BHD settlement characteristics are documented at docs.platform.arpdigital.io. ## Why does the same conversion get different rates? Two mechanisms account for the variation. Sourcing route. A desk either fills from its own fiat inventory, held against anticipated demand, or sources liquidity externally from a counterparty willing to take the other side. Inventory fills execute against a rate the desk controls and can do so immediately. External sourcing takes time and carries the cost of obtaining that liquidity. Which route applies depends on the size of the trade, the currency pair, and what the desk is holding when the order arrives. A business submitting the same size and currency on two different days may receive different rates, not because the desk changed its approach, but because the available route changed. Size. A large trade may be filled across more than one route: part from inventory, part sourced externally. The effective rate is a weighted average of those routes. This is the same mix principle that governs corridor costs in cross-border payments, the quoted rate is a forecast of the routes that will be taken, not a fixed price detached from sourcing reality. See What a GCC Cross-Border Payment Actually Costs. The practical implication: a business converting regularly at size should ask a counterparty how that size is sourced, what inventory capacity exists in the relevant currency, and whether the rate locks at the indicative or at the refresh. Those questions reveal whether the desk understands its own constraints or is pricing a rate it will need to revise when the full ticket arrives. ## What determines how quickly funds arrive? Execution and settlement run on different clocks, and conflating them is the most common source of unmet expectations. The execution clock runs from size confirmation to booking. On a small ticket filled from inventory this can be minutes. On a large ticket requiring external sourcing, the sourcing step adds time before the desk can present a refreshed quote at all. That is not a delay, it is what pricing a large ticket correctly requires. The settlement clock starts after booking and depends entirely on the destination banking system. A conversion confirmed before the destination bank's cut-off processes on the same value date. One confirmed after the cut-off settles the following business day, regardless of how quickly the trade executed. On a Friday afternoon, that is a three-day difference rather than a one-day difference. Cut-off times and settlement characteristics for AED and BHD corridors are published in ARP's API documentation at docs.platform.arpdigital.io. These are documented corridor features, not service commitments, and the receiving bank's own schedule is a separate variable. The total time from submitting digital assets to fiat landing is the sum of both clocks. A business that measures only one of them will find the other one waiting. ## What will a counterparty ask for before releasing funds? Five requirements determine whether a first payout moves or stalls at the documentation stage. Verified beneficiary bank details. The account submitted for payout must match the entity verified during onboarding. The most common cause of first-payout delay is a mismatch between what the client submits and what the counterparty holds on file, an account in a trading name rather than the registered name, or a branch code differing from the verified record. This stops the payout until resolved, and it is a documentation problem rather than a settlement one. Entity name matching. The account holder at the destination bank must match the onboarded entity. Where a corporate onboarded under its registered legal name sends funds to an account held under a trading name, an abbreviated form or a related entity, the payout is at risk. Most counterparties cannot release funds to a destination that does not match verification records. Source-of-funds documentation. The counterparty must be able to document the origin of the digital assets being converted. A corporate converting proceeds from a commercial operation needs to trace the chain from business activity to wallet balance. The more unusual the origin or the size, the more detail will be required. Wallet screening. Where the client sends digital assets from a specific address, that wallet must be verified and screened before funds are accepted. Wallets held at regulated VASPs can be verified programmatically. Self-hosted wallets require manual review, and the timeline depends on the counterparty's operational capacity at the time. Business verification. KYB must be complete before any payout is released. A counterparty cannot release fiat to an entity it has not fully onboarded, and initiating a large conversion before verification is finalised will not accelerate it. ## What does the UAE framework permit? Under the CBUAE's Payment Token Services Regulation, foreign payment tokens, including USDT and USDC, are not currently registered with the Central Bank. Foreign payment tokens are not permitted for general commercial payments in the UAE. The compliant structure for a commercial transaction denominated in dirhams is therefore conversion to AED by a licensed counterparty before value enters the commercial transaction. Registration status changes as issuers seek approval; confirm the current position before structuring any flow involving a foreign payment token, and take your own compliance advice. For a comparison of USDT and USDC for GCC business use, see USDT vs USDC: Which Stablecoin Should GCC Businesses Accept?. For the scope and boundaries of each licence type, see What Is a VARA Broker-Dealer Licence? and CBB Category 3 vs VARA. ## How should a business choose a conversion counterparty? Five questions that distinguish a counterparty that can deliver from one that will revise terms when the trade arrives. What licence does the counterparty hold, and for which activity? Verify the reference on the VARA public register for UAE activity, or the CBB register for Bahrain. VARA licences are categorised by activity — Broker-Dealer Services is the category covering conversion — and the category must match what is being offered, not merely that a licence exists. Does the desk refresh the quote at execution? A counterparty that presents an indicative rate and holds it through to booking without refreshing is pricing a rate it may be unable to execute at the stated size. Ask explicitly whether the rate quoted at initiation is the rate that will be booked. Does the desk fill from inventory or source externally, and what does that mean at your size? For a business converting regularly at institutional size, inventory capacity and the external sourcing model determine whether same-day execution is realistic or a best case. What are the cut-off times on the destination currency? The answer determines whether a conversion initiated in the afternoon settles the same day or the next business day. What is the resolution process when submitted bank details do not match onboarding records? Most first-payout problems are documentation problems rather than settlement problems, and a counterparty with a clear escalation path resolves them faster. ARP Digital FZCO converts digital assets to AED under its VARA Broker-Dealer licence (VASP Reference VL/26/07/03, Broker-Dealer Services). Settlement to the beneficiary account is performed through ARP's regulated group structure. ARP Digital Bahrain B.S.C. (Closed) holds a CBB Category 3 licence — Capital Markets Crypto-Asset Service Provider, per Rule CRA-1.1.13 of the CBB Rulebook. For ARP's institutional conversion service, see ARP Convert. #### Frequently Asked Questions **What is the difference between digital asset conversion and a funds transfer?** Conversion is a trade: a licensed counterparty buys the digital asset at an agreed rate and delivers the fiat equivalent. A transfer moves value that already exists in the relevant currency. Conversion requires a licensed trading counterparty; transfer requires a licensed payment institution. They are separately regulated activities that may involve different parties. **What is an indicative quote, and how does it differ from an executable rate?** An indicative quote is a rate calculated against current market conditions before the client confirms size. The executable rate is refreshed at the point of execution, reflecting the market at that instant and the sourcing route available for the confirmed amount. On large tickets the two can differ materially, and the refreshed rate is the one booked. **Why does a large conversion get a different rate than a small one?** At larger sizes a desk may need to source liquidity externally rather than filling from inventory. External sourcing carries the cost of obtaining that liquidity and may span more than one route. The effective rate reflects where liquidity is available at that size and moment, rather than a fixed markup above mid-market. **What is OTC conversion, and why do institutions use it rather than an exchange?** An exchange fills orders against a public order book, and a large order moves the price against the buyer as it consumes successive price levels, a cost called slippage. OTC conversion executes against a counterparty at an agreed rate without moving the public book, which at institutional size typically produces a better effective rate. **How does the CBUAE Payment Token Services Regulation affect USDT-to-AED conversion?** Foreign payment tokens, including USDT and USDC, are not currently registered with the Central Bank and are not permitted for general commercial payments in the UAE. The compliant structure is conversion to AED by a licensed counterparty before value enters a commercial transaction. Registration status changes, confirm the current position before structuring a flow. **What documents does a corporate need before its first conversion payout?** Company registration and beneficial ownership documentation, source-of-funds documentation for the digital assets, verified beneficiary bank details matching the onboarded entity, and completed business verification. A mismatch between submitted bank details and onboarding records is the most common cause of first-payout delay. **How do banking cut-off times affect when a conversion settles?** Settlement depends on the destination banking system's processing windows rather than trade execution speed. A conversion confirmed before the cut-off processes on the same value date; one confirmed after settles the following business day. On a Friday that is a three-day difference. **How should a business verify that a conversion counterparty is properly licensed?** Check the licence on the VARA public register for UAE activity or the CBB register for Bahrain. VARA licences are categorised by activity, and the category must match the service being provided. A licence reference without a matching public register entry should not be accepted as verification. ### Why GCC Payment Providers Are Adding Local Payout Rails URL: https://www.arpdigital.io/en/resources/news-insights/gcc-local-payout-rails Published: 2026-09-30T12:00:00.000Z Correspondent routes are contracting while corridor demand grows. What local payout rails give a payment provider, and what each destination market allows. Correspondent banking routes are contracting while the number of corridors providers are expected to serve has grown. A provider wanting to reach a new destination market has historically had three options: find a correspondent willing to carry the corridor, open a local banking relationship in that market, or not serve it. Local payout rails are a fourth, reaching the destination market's domestic clearing system without building a banking presence there. For the infrastructure a payment provider integrates when adding digital asset rails, see Digital Asset Infrastructure for GCC Payment Providers. ## What is a local payout rail? A local payout rail is a domestic clearing system in the destination market, the same infrastructure local banks use to move funds between domestic accounts. Reaching one means the final leg of a cross-border payment settles through domestic clearing rather than arriving through a correspondent chain. The distinction matters because the correspondent chain is where most of the cost, complexity and uncertainty in a cross-border payment accumulates. A lifting fee is deducted at each hop. The exchange rate is typically applied downstream, after commitment. Operating hours are constrained by banking days at each institution in the chain. Reaching the destination's domestic clearing system directly changes all three on the final leg. ## Why is correspondent coverage getting harder? The contraction of correspondent banking is a documented, structural trend. BIS CPMI data shows the number of active correspondent banking relationships fell approximately 22% between 2011 and 2019, over a period when cross-border payment volumes continued to grow. The mechanism is economic. Maintaining a correspondent relationship requires continuous compliance investment: transaction monitoring, sanctions screening, due diligence on the counterparty institution, and reporting. Where a relationship carries low volume or serves a higher-scrutiny corridor, that cost has come to exceed the fee revenue it generates. The bank closes the relationship. The consequence for a payment provider is direct. Fewer correspondent relationships mean fewer available routes, more volume concentrated through those that remain, and a longer, more expensive conversation every time the provider wants to add a corridor it cannot currently serve. A provider relying solely on correspondent routes is building on infrastructure that has been shrinking for over a decade. The question is not whether to diversify route options, but which routes are available and what each requires. ## What does a provider actually gain from local rails? Three things, stated as accurately as the evidence supports. Corridor coverage without local incorporation. The alternative to a correspondent for reaching a new destination market is usually a local banking relationship, which means an entity in that jurisdiction, a regulatory conversation, a compliance programme, and the time and cost to establish all three. Local payout rails reached through a licensed counterparty provide corridor access without that investment. A provider can serve a market where it holds no local presence. Better authorisation outcomes on local routing. Payment industry analysis consistently indicates that routing through local clearing infrastructure produces higher payment success rates than equivalent flows routed cross-border through a correspondent chain. The size of the improvement varies substantially by corridor, payment type and destination bank, so it is worth measuring on your own flow rather than assuming a headline figure. A shorter cost stack. Each correspondent hop carries a lifting fee deducted from the principal in transit. Removing a hop removes that deduction: a payment reaching the destination via local clearing rather than through two correspondent hops arrives with less of the principal eroded. For the full cost breakdown, see What a GCC Cross-Border Payment Actually Costs. ## What do the destination markets actually allow? Local rails are not one thing. Each destination market operates its own domestic clearing infrastructure, with its own value thresholds, operating windows and scheme rules, published by the relevant scheme regulators, and determining what a provider can actually offer its customers on each corridor. MarketRailAvailabilityValue thresholdsIndia (INR)IMPS24/7, instant, including weekends and public holidaysUp to ₹5 lakh per transaction; banks may set lower capsIndia (INR)RTGS24/7 since December 2020Minimum ₹2 lakh; no RBI-set ceiling, though individual banks set their ownPhilippines (PHP)Instapay24/7, instantUp to PHP 50,000 per transactionPhilippines (PHP)PesonetWeekdays, within clearing windowsNo published upper limitEurope (EUR)SEPA Instant24/7, within secondsPer current scheme rules; not all banks participateEurope (EUR)SEPA Credit TransferBusiness daysPer current scheme rules Sources: Reserve Bank of India and NPCI for IMPS and RTGS; Bangko Sentral ng Pilipinas for Instapay and Pesonet; European Payments Council for the SEPA schemes. Scheme rules change and individual banks may apply lower limits than the scheme permits, confirm current parameters with the relevant scheme regulator before operational planning. Corridor availability through ARP is documented at docs.platform.arpdigital.io/fees-and-processing. Two observations the table makes legible. First, India's two rails overlap rather than sit end to end. A payment between ₹2 lakh and ₹5 lakh is eligible for either. Below ₹2 lakh, RTGS cannot be used. Above ₹5 lakh, IMPS cannot. A provider serving the corridor is choosing between rails in the overlap and constrained outside it. Second, a PHP payment of 49,000 and one of 51,000 take different rails with different timing, not because anything changed in the payment instruction, but because a threshold was crossed. ## What does this mean for the provider's own product? Rail characteristics become product characteristics. A provider who has not mapped thresholds and operating windows into its own customer-facing product will quote one delivery expectation and occasionally deliver another. The common version: a customer submits a large payment expecting instant settlement and receives it the following business day, because the instant rail was capped below the payment amount. From the outside, that is indistinguishable from a failure. The customer cannot tell a deliberate product decision from something going wrong. The correction is straightforward. Map each corridor's thresholds and windows before going live, and surface the applicable limits in the product - in the amount field, the payment confirmation, or the delivery estimate - so expectations are set at initiation rather than corrected afterwards. ARP Digital FZCO converts digital assets to AED under its VARA Broker-Dealer licence (VASP Reference VL/26/07/03, Broker-Dealer Services). Settlement to the beneficiary account is performed through ARP's regulated group structure. ARP Digital Bahrain B.S.C. (Closed) holds a CBB Category 3 licence — Capital Markets Crypto-Asset Service Provider, per Rule CRA-1.1.13 of the CBB Rulebook. ## What should a payment provider ask when evaluating local rail coverage? Four questions that determine whether the corridor coverage is usable. Which corridors are covered, and which domestic rails within each? A provider wanting Instapay coverage in the Philippines may find a counterparty offering only Pesonet — technically the same corridor, practically a different product. What value thresholds apply, and what happens to a payment that exceeds them? Rejected, queued, or routed to the next available rail — each produces a different customer experience. What reporting shows which rail each payment took, and what the delivery outcome was? Rail-level reporting is what allows a provider to manage its own quality and answer a customer asking why a transfer was delayed. What is the process when a rail is unavailable, maintenance windows, public holidays, unscheduled outages? The provider needs to know whether the fallback is queuing, rejection, or an alternative rail. For the integration specification, including authentication, webhook handling and the sandbox environment, see ARP Digital's services for fintechs and payment providers. #### Frequently Asked Questions **What is a local payout rail?** A domestic clearing system in the destination market, the same infrastructure local banks use to move funds between domestic accounts. Reaching one means the final leg of a cross-border payment settles through domestic clearing rather than arriving through a correspondent chain with a lifting fee at each hop. **Why do correspondent banking relationships matter to a payment provider?** They are the intermediary infrastructure for cross-border payments. When their number declines - as BIS CPMI data shows happened between 2011 and 2019 - providers face fewer route options, more concentration through the correspondents that remain, and a harder conversation each time they want to add a corridor. **What is the IMPS limit for payments to India, and what happens above it?** IMPS processes transfers instantly, 24/7, up to ₹5 lakh per transaction, though banks may set lower caps. Above that ceiling a payment must use RTGS, which has operated 24/7 since December 2020 with a minimum of ₹2 lakh and no RBI-set upper limit (RBI / NPCI). **What is the Instapay cap for the Philippines, and what happens above it?** The BSP's Instapay scheme processes transfers instantly, 24/7, capped at PHP 50,000. Above the cap, payments use Pesonet — a batch clearing scheme operating on weekdays within clearing windows. A provider serving the corridor needs to design for both. **What is SEPA Instant, and how does it differ from SEPA Credit Transfer?** SEPA Instant processes euro transfers in seconds, 24/7, across participating SEPA-zone banks. SEPA Credit Transfer processes on business days. Not all European banks participate in SEPA Instant, so recipient-bank participation should be confirmed before routing a time-sensitive transfer to it. **Why do rail value thresholds matter to a payment provider's product design?** A payment above a threshold uses a different scheme with different timing and availability. A provider that has not designed for this will quote one delivery profile and deliver another. Thresholds should be surfaced in the product - in the amount field, the confirmation, or the delivery estimate - before customers encounter them. **What should a payment provider ask when evaluating local payout rail coverage?** Which domestic rails are available in each corridor; what value thresholds apply and how above-threshold payments are handled; what reporting shows which rail a payment took; and what the fallback is when a rail is unavailable. **What is the difference between local payout rails and a correspondent chain?** What is the difference between local payout rails and a correspondent chain? A correspondent chain routes a payment through intermediary banks before it reaches the destination. Local rails clear through the destination market's own domestic system. Fewer intermediaries means fewer lifting fees deducted from principal and no post-commitment FX applied at an intermediary hop. ### AX Coin, a Subsidiary of Solowin Holdings (AXG), partners with ARP Digital on institutional liquidity and settlement URL: https://www.arpdigital.io/en/resources/news-insights/arp-digital-ax-coin-stablecoin-partnership Published: 2026-09-29T12:00:00.000Z ARP Digital and AX Coin, the first CBB-licensed stablecoin issuer, will connect regulated stablecoin issuance with OTC liquidity and GCC settlement rails. MANAMA, Bahrain / DUBAI, UAE - AX COIN BAHRAIN B.S.C. Closed (“AX Coin”), the regulated stablecoin issuer of Solowin Holdings (Nasdaq: AXG), and ARP Digital, a regulated digital capital infrastructure platform, today announced a strategic global collaboration to connect regulated stablecoin infrastructure with institutional OTC liquidity, payment and settlement rails across the GCC and international markets. As the first licensed stablecoin issuer regulated by the Central Bank of Bahrain (CBB) and the world's first Sharia-compliant stablecoin, AX Coin brings a fully regulated issuance and reserve infrastructure to the partnership. ARP Digital contributes its institutional OTC desk, on- and off-ramp conversion capabilities, and international corridor settlement rails. Together, the collaboration aims to bring AX Coin on-chain, enable greater interoperability with other stablecoin ecosystems, and deliver faster, more efficient, and compliant cross-border value movement for corporates, financial institutions, payment fintechs, and payment service providers. The partnership will initially focus on Bahrain and the UAE, with plans to expand across additional markets and continents. Together, AX Coin and ARP Digital will support corporates, financial institutions, payment fintechs, PSPs and other institutional participants seeking faster, more efficient and compliant ways to move and settle value across borders. > Xavier George, Managing Director of AXG and CEO of AX Coin, said: “This collaboration brings together two critical pieces of the stablecoin ecosystem — regulated digital money and real-world payment and liquidity infrastructure. Our objective is to make AX Coin usable across the flows that corporates and payment fintechs already depend on, while enabling faster, more transparent and more cost-efficient cross-border settlement.” > Abdulla Kanoo, Co-Founder & Co-CEO of ARP Digital, commented: “ARP Digital was built to connect global digital capital with the financial rails of the GCC. Working with AX Coin allows us to combine our institutional liquidity and settlement capabilities with regulated stablecoin infrastructure and create practical use cases for businesses and payment providers. Together, we can help accelerate the adoption of stablecoins as a more efficient way to move value globally.” --- #### About SOLOWIN HOLDINGS SOLOWIN HOLDINGS (Nasdaq: AXG) is a leading global regulated fintech company. Established in 2016, AXG combines blockchain and artificial intelligence technologies to operate a fully compliant dual-token digital economy super platform. Guided by the mission “Mobilizing Tokens 24/7”, the Company operates two core business pillars: Digital Asset Tokens and AI Tokens. Its offerings span stablecoin issuance and payments, asset tokenization, securities trading and asset management, as well as AI-powered services including cloud infrastructure, Know-Your-Agent verification, and token router. Through its integrated ecosystem, including AX COIN, AX ONE, FERION, SOLOMON, AGENTX, and KOVAR, AXG empowers global institutions and investors to capitalize on the rapid growth of the dual-token economy. For more information, visit www.alloyx.com and follow us on LinkedIn at AXG (Solowin Holdings). #### About AX Coin AX Coin Bahrain BSC Closed (AX Coin), a key subsidiary of SOLOWIN HOLDINGS (Nasdaq: AXG), has secured a Stablecoin Issuer license from the Central Bank of Bahrain. As the world's first Sharia-compliant stablecoin, AX Coin aims to build a global digital currency infrastructure to serve the $6 trillion Islamic finance market. #### About ARP Digital ARP Digital is a regulated digital capital infrastructure platform headquartered in Bahrain. The firm operates an integrated suite of institutional services, including an OTC liquidity desk, international corridor settlement rails, on- and off-ramp conversion infrastructure, and regulated wealth management services. ARP Digital Bahrain is licensed as a Category 3 Capital Markets – Crypto Assets Service Provider by the Central Bank of Bahrain (CBB), and ARP Digital FZCO has secured a Broker-Dealer licence from Dubai’s Virtual Assets Regulatory Authority (VARA). The firm was founded by Abdulla Kanoo, CEO (ARP Digital Bahrain), and Abdulaziz Kanoo, CEO (ARP Digital FZCO) – fifth-generation members of the GCC's 135-year-old Kanoo Group. ARP Digital serves institutional investors, exchange houses, global payment companies, and high-net-worth individuals across the Gulf Cooperation Council and international markets. To learn more about ARP Digital, visit: https://arpdigital.io/ ### Where Working Capital Gets Trapped in Cross-Border Payments URL: https://www.arpdigital.io/en/resources/news-insights/working-capital-trapped-cross-border-payments Published: 2026-09-24T12:00:00.000Z Cross-border float is not idle by choice. Funding cutoffs, peak-sized floats and slow repatriation immobilise working capital across every corridor. Working capital in cross-border payments is not idle by choice. Three structural mechanisms immobilise it: payout partners operate daily funding cutoffs that lock capital in time rather than only in accounts; floats are deliberately sized to peak demand rather than average demand to prevent failures; and repatriation runs on a slower, more constrained clock than outbound funding. Each is operational rather than incidental. For the full cost stack, see What a GCC Cross-Border Payment Actually Costs. ## Why does cross-border payment require pre-funded capital at all? Payout partners debit a funded position. They do not extend credit against expected volume, and they do not release payments against a promise to fund. Capital must be in place before the first payment moves, and the position must be replenished before the next funding window closes. The scale of that requirement is measurable. ARP Digital's research in The Cost of Dead Capital estimates that a mid-size GCC exchange house running several corridors holds $15–20 million in pre-funded positions at any given moment, generating annual financing drag exceeding $1.4 million at a GCC weighted average cost of capital of 7–8%. That drag is embedded in corridor pricing rather than disclosed as a fee. That figure describes how much capital is tied up. It does not explain why the capital cannot be moved when and where it is needed, which is the more useful question, and the subject of this article. For the full analysis, see What Nostro Pre-Funding Is Costing Your Exchange House. For how corridor differences affect cost, see Why Corridor Costs Vary So Much Between GCC Markets. ## Why can't a provider hold one pool of capital and move it where needed? The intuitive answer is that capital is fungible, that a surplus in one corridor could cover a shortfall in another in real time. That is not how partner settlement works. Each payout partner requires its own funded position, with its own minimum balance, replenishment schedule and operating calendar. Some corridors are served by more than one partner, each holding a position independently. The multiplication is direct. A provider covering ten active corridors may be maintaining a dozen or more separate float positions simultaneously. A surplus in one does not become available in another without a funding transfer, which takes time and is itself subject to cutoff deadlines. This is why the working capital requirement for a multi-corridor provider is substantially larger than the requirement for any single corridor in isolation. The positions are held separately because they must be. ## What do funding cutoffs actually do to working capital? A daily funding cutoff is the deadline by which a payout partner must receive funds for them to move that day. This is the mechanism that traps capital in time rather than only in accounts. Funds arriving before the cutoff process normally. Funds arriving after it are held until the next operating window, which may be the following business day. A shortfall discovered after the cutoff cannot be corrected that day, the position stays short, and payments are constrained accordingly, until the window reopens. Three factors compound the effect. Partners operate on different schedules. Some process seven days a week; others weekdays only. A shortfall on a Friday against a weekday-only partner waits until Monday, three calendar days during which the position is constrained regardless of what the provider does. Some corridors settle on multi-day cycles. A partner settling on a two-day cycle requires the position to be sized against volume two business days ahead rather than today's. A forecast error in one direction leaves the position short before settlement completes; an error in the other leaves capital over-deployed and unavailable elsewhere. Cutoffs differ across partners. A provider is managing several deadlines across a single working day, each with a different consequence for missing it. The practical consequence for a business is direct. Where a provider's float has reached its floor, a payment is queued or fails, not because of any problem with the payment instruction, but because the provider's position is short. The sender usually has no visibility into the cause, and no way to distinguish a payment rejected on its own merits from one stalled by a funding condition. That is why a buyer evaluating a payment provider should ask about funding operations and corridor schedules, not only about rates and processing times. ## Why is float sized to peak demand rather than average? A float sized to average volume is short on above-average days. When it runs dry, payments fail, and while the payment instruction is valid, the failure lands with the end customer. To prevent that, float positions are set against an upper percentile of recent volume rather than the mean. A position sized to handle the busiest days in a recent window will handle ordinary days with room to spare. The consequence is deliberate over-funding. On most days the float exceeds what that day's volume requires, and the excess is structurally immobilised, it cannot be redeployed, because it may be needed before the next replenishment cycle runs. This reframes over-funding as a trade-off rather than inefficiency. A tighter float costs less to hold and fails more often; a larger float holds reliably and ties up more working capital. Where that line is drawn is a treasury decision with direct service-quality consequences. ## Why is getting capital back slower than sending it out? Funding a corridor partner is outbound: the provider transfers to a counterparty, which receives and credits the position. That process is built for speed, because payments cannot wait. Repatriation moves in the opposite direction and runs more slowly, for two reasons. The sequencing differs. Outbound funding is proactive, the provider controls the timing and can optimise around cutoff deadlines. Repatriation begins with identifying a surplus, which requires position visibility, and may require partner-side initiation rather than a simple pull. Destination rules can constrain it. In some jurisdictions, regulation limits how much can be repatriated and how often. Capital that arrived under one framework may need to return under a different set of rules. The result is that capital accumulates at the far end of the payment chain. When a corridor sees lower volume than anticipated, surplus builds, and it returns more slowly than it was deployed. In the interim it sits at the partner: not available for other corridors, and not earning a return commensurate with the cost of holding it. ## What does the capital structure look like across a payment programme? The table below sets out the forms in which working capital is immobilised across a cross-border payment programme, and the mechanism that keeps each in place. FormWhere it sitsMechanism that immobilises itPre-positioned partner floatIn the partner's account, before payments movePartners debit a funded position; no credit is extended against volume, so capital must precede the first paymentCutoff-window reserveAt the partner, past the daily funding deadlineFunds received after the cutoff cannot be redeployed until the next operating window, which may be days away for weekday-only partnersMulti-day cycle pre-fundAt the partner, against future settlementPartners settling on a two-day or longer cycle require funding sized for volume days ahead; capital is committed before the demand it covers is certainPeak-sizing bufferExcess above average demand, permanently fundedFloat sized to an upper volume percentile — on most days the buffer exceeds actual demand but cannot be withdrawn without risking a shortfallRepatriation lagReturning from partner to provider after surplus is identifiedReturn transfers move on a slower clock than outbound funding; regulatory limits in some jurisdictions constrain timing and amount Sources: capital structure taxonomy derived from published correspondent banking mechanics; pre-funding estimates from ARP Digital, The Cost of Dead Capital. One structural trend compounds all of this. BIS CPMI data shows the number of active correspondent banking relationships fell by approximately 22% between 2011 and 2019 while payment volumes continued to grow. Fewer relationships mean fewer routes, but the pre-funding requirement per remaining relationship does not fall. The same volume concentrates through less infrastructure, each piece of which still has to be funded in advance. ## What changes when the correspondent chain is removed? Direct settlement - routes that do not pass through a correspondent banking chain - changes where capital must be pre-positioned. A correspondent chain requires the provider to pre-fund a nostro account at the correspondent bank, which then funds onward to the destination. Removing the correspondent removes the pre-funding requirement for that hop: the provider funds directly into local destination rails rather than into an intermediary position. The limit should be stated honestly. Removing the correspondent does not eliminate every funding requirement. Capital still moves ahead of payments, and partners on the destination side still operate on schedules. Float sizing and repatriation lag remain. What changes is the number of positions to be pre-funded and the number of cutoff calendars to be managed, proportional to the number of intermediary hops removed. For exchange houses evaluating what to do with released capital, see How GCC Exchange Houses Redeploy Released Nostro Capital. FLOW Send provides cross-border corridor settlement on direct AED and BHD rails, with corridor parameters documented at docs.platform.arpdigital.io. ## What should a business ask a provider about working capital? Four questions that reveal whether a provider has designed its treasury for reliability. How is the float for each corridor sized - against average volume, an upper percentile, or a fixed minimum? The answer determines how often the position is likely to run short. What happens to a payment submitted after the funding cutoff? Is it queued automatically for the next window, or does the sender need to resubmit and what are they told at the time? Which corridors run on weekday-only or multi-day settlement cycles? A payment submitted on a Friday to a weekday-only corridor is not the same product as one submitted on a Tuesday. What is the process when a payment stalls for a funding reason rather than an instruction error? If the provider does not distinguish between the two, the sender cannot understand what happened or when to expect resolution. ARP Digital FZCO holds a VARA Broker-Dealer licence (Dubai), VASP Reference VL/26/07/03, granted 11 August 2026, covering digital asset and stablecoin conversion into AED for UAE-domiciled corporates, capital markets participants and qualified investors. ARP Digital Bahrain B.S.C. (Closed) holds a CBB Category 3 licence -Capital Markets Crypto-Asset Service Provider, per Rule CRA-1.1.13 of the CBB Rulebook. #### Frequently Asked Questions **What is pre-funded capital in cross-border payments?** Capital placed in advance with a payout partner before any payment moves. Partners debit a funded position rather than extending credit against expected volume. The float must be in place before the first transaction is released and replenished before demand exceeds it, with timing governed by the partner's operating calendar. **Why can't a provider hold one pool of capital across all corridors?** Each payout partner requires its own funded position, with its own minimum, replenishment schedule and operating calendar. A shortfall in one corridor cannot be covered in real time by surplus in another, moving capital between positions requires a transfer, which takes time and is itself subject to cutoff deadlines. **What is a funding cutoff in cross-border payments?** The daily deadline by which a payout partner must receive funds for them to move that day. Funds arriving afterwards are held until the next operating window, which may be the following business day. A shortfall discovered after the cutoff cannot be corrected until that window reopens. **Why is float sized to peak demand rather than average volume?** A float sized to average volume runs dry on above-average days, causing failures unrelated to the sender or the instruction. Setting it against an upper percentile of recent volume means it exceeds average demand on most days. The excess is the structural cost of reliability rather than poor treasury management. **What happens to a payment when a provider's float runs dry?** Outgoing payments halt until the position is replenished. The payment is queued or fails for reasons unconnected to the instruction itself. Senders typically cannot distinguish a payment rejected on its merits from one stalled by a funding condition, because that information is not surfaced. **Why does repatriation take longer than outbound funding?** Returning surplus from a payout partner runs on different processes and timelines. It begins with identifying a surplus rather than being initiated proactively, and in some jurisdictions regulation limits how much can be returned and how often. Capital accumulates at the far end of the chain. **What should a business ask about a payment provider's funding operations?** How float is sized; what happens to a payment submitted after the funding cutoff; which corridors run weekday-only or multi-day settlement cycles; and what the process is when a payment stalls for a funding reason rather than an instruction error. **How much does pre-funded nostro capital cost a GCC exchange house?** ARP Digital's research estimates a mid-size GCC exchange house holds $15–20 million in pre-funded positions across its corridors, generating annual drag exceeding $1.4 million at a GCC weighted average cost of capital of 7–8%. That cost is embedded in corridor pricing rather than invoiced separately (ARP Digital, The Cost of Dead Capital).