Aryze

About Aryze

Aryze is a Danish company that manages funds and builds technology for issuing E assets, such as digital cash (E dollars, E euros, etc.) and potentially eGOLD. Here's a summary of Aryze's licensing and processes as discussed in the meeting: • Licensing and Structure: Aryze operates through a Danish company and a BVI (British Virgin Islands) based company. The BVI company issues the tokens and enters listing agreements, while the Danish company focuses on technology development and fund management. The BVI company is not required to hold a license for the assets it issues because they are not considered cash, investments, or securities under BVI laws. However, the Danish company holds a VASP (Virtual Asset Service Provider) registration, allowing it to manage the funds behind the products and perform crypto-to-crypto conversions for market-making purposes.

• Compliance and Audits: Aryze conducts monthly audits to ensure asset segregation and compliance with regulations. These audits are part of their commitment to maintaining transparency and regulatory compliance.

• Processes: Aryze's process involves managing the funds received from issuing E assets under a fund management agreement with their BVI company. This setup allows Aryze to operate within the regulatory frameworks of both Denmark and the BVI, ensuring their operations comply with relevant laws and regulations.