Welcome to RealFin Blockchain  – RealFin is the first fully decentralised and permissionless L1 Blockchain that offers NATIVE tokenisation of Real-World Assets (RWA)!
These Terms of Use shall apply between the users and the administrator of RealFin Blockcain in relation to the use of its functionalities, resources and services. The main services offered through the blockchain include, without limitation, tokenization, insurance and scoring and doing secondary market digital financial assets transactions.
By accessing, viewing or using in any manner this blockchain and its services, you confirm that you are at the minimal age of 18 years old or at the respective age of majority as defined by your nationality and have full legal capacity, experience, knowledge and ability to access and use RealFin Blockchain, and are aware of and accept unconditionally to be bound by these Terms. If you disagree on these Terms, please do not use this Blockchain and its services.

“Website”, “Site”, “Blockchain” – the website with address (URL) https://realfin.io/ in addition to any sub-pages, APIs, mobile and other related software applications.

“Administrator”, “We”, “Us” – the company, RealFin International, duly incorporated and operating under the laws of the Republic of Bulgaria, entered into the Commercial Register at the Registry Agency, with UIC 206396291, having its seat and address of management at: 1124 Sofia, Bulgaria, Yavorov District, 7 Boicho Voivoda Str., that owns and maintains the Blockchain.

“User”, “You” – any person that uses the Blockchain and its Services.

“Lender” – a Blockchain User that enters into a Loan Agreement as a Lender.

“Borrower” – a Blockchain User that creates a loan request on the Blockchain and enters into a Loan Agreement as a Borrower.

“User account” – the set of data associated with any registered User using the Services of the Blockchain.

“Services” – any and all services that are offered on the Blockchain and can be accessed by the Users.

“Virtual currencies”, “Cryptocurrencies” – a digital representation of value that is not issued or guaranteed by a central bank or a public authority, is not necessarily attached to a legal tender and does not possess a legal status of currency or money, but is accepted by persons as a means of exchange and which can be transferred, stored and traded electronically.

“Tokens” – digital units that provide exclusive access to a product or Service of the Blockchain.

“RFC” – an inflationary Token used for rewards on the Blockchain.

“Stable coins” – a type of virtual currency that can be pegged to virtual currency, fiat money or exchange-traded commodities of legal tender.

“Blockchain” – a decentralized, distributed and public digital ledger consisting of records called blocks that is used to record transactions across many computers so that any involved block cannot be altered retroactively.

“Partner Financial Institution” – an undertaking other than a Credit institution and an investment firm that performs payment services and others specifically listed in the RFCt Institutions Act.

“Restricted Jurisdiction” – any jurisdiction that restricts and/or bans its residents from participating in blockchain projects and/or other projects related to cryptocurrencies.

1.1. RealFin Blockchain is not a financial institution within the meaning of Article 3 of the Bulgarian Credit Institutions Act and Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for Credit institutions and investment firms and its amendments, nor is an investment fund and/or a financial intermediary. The Blockchain is solely an enabler between Dapps and users.

1.2. RealFin Blockchain is a decentralised and permissionless L1 Blockchain. When using and transacting via the Blockchain and its Services, Users enter into an agreement at their own risk and responsibility.

1.3. Nothing on the Blockchain, including but not limited to information and/or other published content, and/or Services constitutes investment advice, financial advice, trading advice or any other form of advice or recommendation by Us. Users acknowledge and agree that neither We nor any of the information providers, their affiliates nor any third parties will advise Users personally regarding the nature, potential, advisability, value or suitability of any particular investment. Users should conduct their own due diligence and consult a qualified financial advisor so as to make an informed investment decision.

1.4. Investing into Cryptocurrencies and Tokens generally involve a high degree of risk. There are various risk factors that may be involved such as, including, but not limited to, high volatility, new and unproven technology, software and protocols used, cyber attacks and other malicious activity, including fraud, regulatory changes, etc. The following risks entail circumstances under which our business, financial condition, results of operations and prospects could suffer. Purchasers agree and warrant that they shall engage in using the Blockchain and its Services at their own wish, risk and responsibility.

1.5. The volatility of Cryptocurrencies and their price bear risks for your investments and may result in significant losses, including over a short period of time. RealFin Blockchain does not warrant any profitability using the Services. There is no guarantee that Users will get a certain amount of funds or any funds, or not lose money as a result of using the Blockchain and its Services and functionalities due to any such possible value fluctuations, market irregularities or any other unforeseeable events at present.

1.6. The regulatory regime governing Blockchain, Cryptocurrencies, Tokens and other crypto assets is presently uncertain, fragmented and not uniform in the various jurisdictions. Any legislative and regulatory changes whatsoever might materially and adversely affect the value, structure, rights, use and transferability of the Tokens. Additionally, should a dispute arise, due to all of the above, Users might have limited or no legal remedies and recourses against the Administrator, other purchasers and holders of the Tokens, and/or any other natural person or entity that may interfere with the Administrator, its Website, the Tokens or your digital wallet/s.

1.7. The RealFin blockchain on which RFC Tokens are built might be subject to cyber attacks and/or any such other malicious activity, which may present a risk to the Blockchain, its Tokens, Services and functionalities and lead to harmful consequences, including, but not limited to, decrease and elimination of the value of the Tokens and a partial or complete loss of funds.

1.8. Despite our best efforts, RealFin Blockchain cannot and does not warrant accuracy, applicability, fitness for a particular purpose, including merchantability, reliability, quality or completeness of the information provided on the Website nor that the Services offered through the Blockchain will be at all times uninterrupted and error-free.

2.1. These Terms shall be considered a legal agreement that is binding for the Users and the Administrator. By accessing, viewing, registering or using in any manner this Blockchain and its Services, You confirm that You have been aware of and accept unconditionally to be bound by these Terms, the Privacy Policy, the AML/KYC Policy and all other rules and terms of the Administrator in writing, published on the Blockchain, which constitute an integral part of these Terms and are mandatory and binding as them.

2.2. These Terms do not govern any matters stemming from or relating to the provision of links to other websites, ads, services, products and software of third parties so long as they are not provided and thereby controlled by the Administrator.

2.3. The Administrator reserves the right to amend or edit these Terms at any time. Users will be notified for such amendments by the publication of the most lately updated Terms on the Blockchain as well as by direct communication with the Users when required by law. Any amendment shall enter into force and become valid from the moment of its announcement. If the User disagrees on the new updated version of these Terms, they shall not continue using the Blockchain and its Services. If the User continues using the Blockchain and its Services, it will be considered that they have agreed with the latest published version of these Terms.

2.4. The Administrator provides correct and complete information on the Blockchain with all due care. However, it is possible to experience certain deficiencies and/or imprecisions when using the Blockchain due to human or technical error.

2.5. In case You have any doubts about the quality of the Services or the Blockchain’s content or reliability, You should not continue using the Blockchain and its Services. In all other cases and despite the said doubts and reservations, if You continue using the Blockchain and its Services, the full responsibility for this decision is on You.

3.1. Registered and unregistered Users can access and view the Blockchain and its content.

3.4. The User is responsible for providing true, correct and complete information. The User is also responsible for maintaining the confidentiality of their account details, including password, and any activities that occur under their account. By agreeing with these Terms, the User shall bear the responsibility for any actions and/or inactions whatsoever referring to the use of their User account on the Blockchain.

3.5. Upon creating a User account, the User is not allowed to: (a) use another person’s email or user name with the intention of claiming to be that person; (b) use a user name, subject to another person’s rights, without explicit permission; (c) use an email or a user name that is indecent, insulting or otherwise inappropriate.

3.6. Your registration at RealFin Blockchain will be deemed your agreement to provide required personal information for identity verification. If You fail to provide information when required for the KYC/AML rules and procedures accessible here, your registration might be rejected and the access to your User account might be restricted and/or terminated. 

3.9. Users who are residents of and/or are currently located in a Restricted Jurisdiction and/or are on any sanctions lists by governmental authorities, international organizations and other competent entities shall not register on the Blockchain, create a User account and use the Blockchain’s Services. By agreeing with these Terms of Use, You hereby declare that You do not reside or are not currently located in a Restricted Jurisdiction; You are not placed on any such sanctions lists; and You shall not attempt to circumvent the said bans and restrictions.

3.10. Upon your breaching the provision of p. 3.9. above, including concealing relevant information thereof, the Blockchain reserves the right to stop rendering the Services to You and to block your User account.

4.1. use the Blockchain in such a way that would or could unreasonably and disproportionally interfere with other Users’ or any third parties’ rights, or that is or may be against and/or infringing applicable laws (including, but not limited to countering money laundering, financing of terrorism and fraud) or any persons’ rights under applicable laws (including, but not limited to IP rights);

4.2. promote any illegal activity or advocate, promote or assist any unlawful act;

4.3. decompile, disassemble, reverse engineer, copy, transfer or otherwise use the Blockchain’s Services and content, except as permitted by these Terms;

4.4. use the Services in a manner that: (a) is likely to interrupt, suspend, slow down or hinder the continuity of the Services, (b) constitutes an intrusion or attempt to break into the Services or the Blockchain’s networking systems, (c) will divert of the Services' system resources, (d) may place a disproportionate load on the infrastructure of the Services, and (e) constitutes an attack on security and authentication measures of the Services or the Blockchain computer or networking systems.

4.5. post, upload to, transmit, distribute or otherwise make available and use any content on the Blockchain in any manner that: (a) infringes the copyright, trademark, trade secret or other intellectual property or proprietary right of others, (b) violates the privacy, publicity or other rights of third parties, (c) is discriminatory, defamatory, obscene, threatening, abusive, unlawful, harassing or hateful, (d) is false or inaccurate and/or attempts to falsely state or otherwise misrepresent your identity or affiliation with a person or entity, (e) violates any law, civil or criminal; or (f) violates our Terms, policies and all other written rules on our Blockchain;

4.6. use any automated or not automated or other processes for: a) extracting, collecting, storing, archiving or retrieval of information or other content for other Users of the Services and the Blockchain; b) interfering with the proper functioning of the Blockchain or any transactions being conducted through the Blockchain;

4.7. bypass, remove, manipulate any elements of the security features and the implemented measures and technical means for protection of the Services and the Blockchain from unauthorized access and other destructive, malicious attacks and actions, including but not limited to any actions which aim to or result in blocking the access to the Blockchain and its Services, loading and distribution of illegal content, theft and loss of data from the Services and the Blockchain;

4.8. engage in any activity that aims at misusing and/or attacking the Blockchain and its Services via introducing viruses and other malicious components and material.

Any attempt to defraud RealFin Blockchain may entail the application of appropriate measures of applicable AML rules and regulations and/or criminal law.

5.1. The Blockchain’s operational funds include only crypto assets, in particular Stable coins and Tokens. A full list of available funds usable on the Blockchain will be on
display in the User account in the relevant section before any loan requests or investments can be made or any other Service accessible through the Blockchain.

5.2. The RFC Token is the main token of the Blockchain used thereby, with the following main functions: a) serves as a rewards distribution token for transactions, validators and coputations, liquidity provision and staking in the security module; b) an additional security layer of the Blockchain (RFC Tokens available in the Blockchain security module can be used as a means for compensation in case of default and/or insufficient funds); c) enables Blockchain Users to participate in the investment opportunities (any RFC Token holder has the right to lend on the Blockchain).

a) Use the Blockchain and its Services lawfully, according to their purpose and in compliance with these Terms;

b) Provide information which is true, accurate, up to date and not misleading in any respect upon registration on the Blockchain and when using the Blockchain and its Services and shall not use other person's identity or create User accounts through automatic means, shall not mislead or delude about the origin of any file, message
or other communication originating from the User. The User shall immediately notify the Administrator of any unauthorized use of their User account. Upon User’s submitting false, wrong, misleading and/or not up-to-date information and documents, the Blockchain reserves the right to stop rendering Services. The Blockchain shall block the User’s funds in his or her User account upon a legitimate request by the competent authorities;

c) Deliver any and all documents required for identification and verification purposes pursuant to our AML/KYC Policy;

d) Have access to the Services and resources of the Blockchain through the technologies and the means provided by the Administrator, realized through the normal functionality of the Blockchain;

e) Not use, reproduce, copy or distribute, in whole or individual parts of, the Blockchain, its resources, content and/or functionalities for any purpose whatsoever (commercial or non-commercial), except the permitted use explicitly specified in these Terms;

f) Not use the Administrator’s trade mark and shall not infringe other Administrator’s or third parties’ intellectual property rights;

g) The User shall not have the right to withdraw from the Loan Agreement after it is signed and enters into force following the acceptance of the respective loan proposal provided by the Blockchain. The User is not entitled to the right of withdrawal pursuant to the respective exception as provided in the provision of Art. 57, p. 13 of the Consumer Protection Act.

a) To use the Blockchain and its Services lawfully, according to their purpose and in compliance with these Terms of Use;

b) To create his or her own User account and make changes to it in compliance with these Terms of Use;

c) To request deletion of his or her account as set forth in p. 3.8. of these Terms;

d) To report any and all kinds of infringements committed by Blockchain Users of, including, but not limited to, these Terms, all other policies on the Website as well as applicable laws via a contact form on the Blockchain or email: team@RealFin.finance

a) At any time and at its sole discretion, to make amendments of the Services and the Blockchain in relation to developing and improving the quality of the Services as well as to offer new Services or cease offering some of the Services, without prior written notification to the User and without bearing responsibility thereby;

d) To require from the User to deliver data and/or documents necessary for identification and verification purposes as set forth in the AML/KYC policies;

e) To seek all remedies permitted by law for protection and compensation for committed or allegedly committed violations of the Terms of Use, Privacy Policy and all other written conditions, which are an integral part of these Terms;

f) In case of suspicious transactions, the Blockchain has the right and obligation to notify the relevant government authorities pursuant to the applicable AML laws and regulations (for further review see our AML Policy available on the Blockchain). This may lead to, including, without limitation, freezing of funds and closing of the User account.

a) any damages, claims or expenses (including but not limited to legal costs) whether in contract, tort (including negligence), breach of statutory duty or otherwise which directly or indirectly are caused by or arise from or in connection with your use of or reliance on the Blockchain, its content, resources and functionalities;

b) any loss of profit, loss of business, loss in value, loss of data, of Tokens, hardware or software resulting from any types of failures, theft or hacking, or any other loss;

c) the quality of the related services, provided by other entities and organizations in connection with the functioning of the Internet, the social networks, hosting and other services, in case of disturbances in the traffic due to reasons which are within the liability of the Internet provider or the companies providing online and other services accessible through this Blockchain;

d) the quality of the Services resulting from the use of faulty technical means, devices and/or incorrectly configured software by the User, as well as for reasons which the User’s Internet provider is liable for as well as for any direct, indirect, specific or incidental damages related to the use of software programs installed on the User’s devices;

e) the quality and reliability of the Ethereum network, computer protocols, software applications, etc.

f) the Blockchain being unavailable or inaccessible at any time or for any period; and/or delays or interruptions, beyond the Administrator’s reasonable control, to the delivery of the Blockchain’s Services.

g) to the maximum extent permitted by law, for the accuracy and completeness of the Blockchain and its content and Services and for whether it is up-to-date and does not infringe the rights of any third party;

h) The Blockchain shall not make any tax withholdings or filings unless required by law to do so. The Blockchain shall not be liable for administering taxes, namely determining whether taxes apply to Users’ transactions or for collecting, reporting or remitting any taxes arising from such transactions. Users are solely responsible for complying with applicable tax law, reporting and paying any taxes arising from their transactions on the Blockchain

7.2. The cumulative liability of the Blockchain to the User or anyone else for any loss or damages resulting from any claims, demands or actions arising out of or relating to these Terms or use of the Blockchain, its content, Services and functionalities shall be to the minimum extent required by law.

7.3. The User shall indemnify RealFin Blockchain in full in respect of any liability sustained by Us for any loss, cost, damage or expense as a result of the User’s breach of these Terms. Upon inappropriate and/or malicious use and/or other prohibited use under p. 4 of these Terms, Users agree to indemnify Us against any losses suffered by Us or any third parties as a result of or in connection with such use.

7.4. All limitations of liability as set out in these Terms shall apply to the fullest extent permissible under the applicable law.

8.1. The Blockchain contains images, signs, graphic logos, pictures, drawings, schemes, algorithms, formulas, graphics, trademark logos, databases and software which are property of or are licensed by the Administrator or third parties, holders of IP rights, and are protected by the Bulgarian, European and other applicable laws and conventions on copyrights and other intellectual property rights. The reproduction of the Services and the Blockchain and/or any elements thereof, which are subject to intellectual property rights, may be done only with the Administrator’s or the respective rights’ holders written consent.

8.2. The use of the Blockchain and its Services does not grant to Users any rights on the objects of intellectual property in whole or any part thereof.

9.1. By accessing the Blockchain and using its Services, You agree that your personal data might be collected, processed and stored by the Administrator for the purposes of correct and full use of the Blockchain and its Services in compliance with these Terms and the Privacy and Cookie Policy accessible here, which is an integral part of these Terms. Your personal data shall also be duly handled in the form and manner as required by our AML/KYC Policy accessible here and any and all applicable AML/CFT laws.

9.2. The Administrator processes Users’ personal data in the capacity of data controller within the meaning of § 1, point 2 of the Additional provisions under the Consumer Protection Act. The Administrator is not liable for the provision of incorrect or false data or data relating to third parties.

9.3. Regulation (EU) 2016/679 of the European Parliament and the Council of 27 April 2016 (General Data Protection Regulation) shall be applicable to matters relating to data processing and data privacy.

9.4. The Administrator shall ensure measures for data protection in compliance with the Consumer Protection Act, the GDPR and other applicable rules and regulations under Bulgarian and European legislation.

Controlling authority for consumer protection in Bulgaria is the Commission for Consumer Protection at address: 1000 Sofia, 4A Slaveykov Square, floor 3, 4 and 6; tel.: 0700 111 22, web address: www.kzp.bg. Further information on alternative dispute resolution for consumer disputes can be found on the website of the controlling authority – the Commission for Consumer Protection, at www.kzp.bg, and the Blockchain for online dispute resolution - ODR.

To all cases not explicitly specified in these Terms, the rules and regulations of the Bulgarian legislation shall be applicable. Any dispute arising from the use of the Blockchain and its Services, which cannot be amicably resolved through negotiations and/or by an authority for alternative dispute resolution, shall be referred to the Bulgarian competent court.