Yes, BasedApp securely holds custody of your funds. We operate under an exemption granted by the Monetary Authority of Singapore (MAS) from holding a Major Payment Institution License, allowing us to legally provide these services in Singapore.

We utilize Fireblocks, a leading custody technology provider trusted by major financial institutions, including Revolut, Robinhood, eToro, and BNP Paribas. Through Fireblocks and our robust internal security practices, we ensure your funds are protected by industry-leading standards.