Is my money protected?
In shortOrtix is a registered money services business, not a bank. Balances are held with regulated banking partners. They are not covered by a bank deposit insurance scheme.
This is a fair question and it deserves a plain answer.
Ortix is operated by Davila Financial Ltd, registered with FINTRAC in Canada as a Money Services Business. Ortix is not a bank. Your cash balances are held with regulated banking partners, and your crypto is held with a regulated custody provider.
Balances are not covered by a bank deposit insurance scheme. The protections that apply to a bank account in your country do not automatically apply here, and we would rather say that clearly than let you assume otherwise.
What protects your money in practice
- Every partner that holds balances is regulated in its own jurisdiction.
- Your balance is tracked to you in our ledger, separately from everyone else’s and from Ortix’s own money.
- Nothing leaves your account without your authenticator code, and nothing leaves a company account without the roles you set.
Crypto carries its own risk on top: its value can fall, and a confirmed send cannot be undone by anyone. Hold only what you are prepared to see move.
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