Public Disclosures
Public Disclosures
Date: 25 October 2025
Version: 1.0
Public Disclosures
Nova Digital FZE (“Nova Digital”) is licensed by the Dubai Virtual Assets Regulatory Authority (VARA) to provide Virtual Asset Management and Investment Services. In accordance with the VARA Management and Investment Services Rulebook, Nova Digital maintains the following public disclosures regarding its governance, risk management, and client protection arrangements.
Conflicts of Interest
Nova Digital maintains a comprehensive Conflicts of Interest Policy designed to identify, manage, and mitigate any actual or potential conflicts that may arise in the course of its activities. Conflicts may occur where Nova Digital, its employees, or related entities have interests that diverge from those of clients.
These conflicts are managed through governance controls including independent oversight, segregation of duties, personal account dealing restrictions, and disclosure protocols. Where conflicts cannot be fully mitigated, Nova Digital will disclose them to clients in a timely and transparent manner.
Data Privacy, Whistleblowing, and Complaints Handling
Nova Digital upholds strict standards of confidentiality and data protection in line with UAE data protection laws and VARA’s requirements. Personal data collected from clients is processed only for lawful business purposes and safeguarded through technical and organisational measures.
Nova Digital maintains a Whistleblowing Policy that enables employees and third parties to report concerns confidentially and without fear of retaliation.
A Complaints Handling Policy is also in place to ensure client complaints are acknowledged, investigated, and resolved promptly, with outcomes recorded and reported in line with regulatory obligations. For information on how to make a complaint and details of our complaints-handling procedures, please refer to the Complaints section of our website.
Client Access and Withdrawal of Virtual Asset
Nova Digital does not hold client or fund assets. As the appointed Investment Manager under an Investment Management Agreement, Nova Digital manages portfolios and executes investment strategies on behalf of regulated funds.
All Virtual Assets are held in the name of the respective fund with its appointed custodian or administrator. Accordingly, any client access to or withdrawal of Virtual Assets is governed by the terms of the relevant fund documentation and administered directly by the fund or its custodian.
Nova Digital has no authority or operational control over the custody, transfer, or withdrawal of client Virtual Assets and does not take possession of or title to such assets at any time.
Safeguarding and Use of Client Assets
Nova Digital does not hold or safeguard client Virtual Assets. As Investment Manager, Nova Digital acts under the terms of an Investment Management Agreement with each regulated fund and provides portfolio management and investment services only.
All client and fund assets are held in the name of the respective fund with its appointed, regulated custodian or administrator. The safeguarding, custody, and segregation of Virtual Assets are the responsibility of the custodian, which maintains institutional-grade controls, including secure wallet infrastructure and segregation from firm assets.
Nova Digital does not have authority to transfer, pledge, or otherwise use client or fund Virtual Assets. All investment activity conducted by Nova Digital is carried out strictly within the mandate and parameters set by the fund documentation and subject to ongoing governance and oversight by the fund’s governing body and relevant regulator.
Counterparty Risk Management
Nova Digital employs rigorous counterparty due diligence and risk assessments prior to engaging with any trading venue, liquidity provider, or third-party service.
Exposure limits are monitored through a formal risk management framework to ensure that client Virtual Assets are protected from counterparty default or insolvency.
Use of Client Virtual Assets and Client Interests
In providing Management and Investment Services, Nova Digital may deploy client Virtual Assets in investment strategies consistent with the mandate agreed with each client or fund.
Such activities are undertaken solely in the interests of clients and in accordance with the stated investment objectives, ensuring that any benefits or returns accrue proportionately to the clients whose assets are used.
Risk Statement
Investment in and use of Virtual Assets involves significant risks, including but not limited to market volatility, technological vulnerabilities, and counterparty exposure.
Client Virtual Assets used in the course of Nova Digital’s management and investment activities may be subject to loss in whole or in part.
Nova Digital continuously monitors risk exposures and employs robust risk management controls to mitigate the likelihood and severity of such losses; however, no assurance can be given that losses will not occur.
Order Execution
Nova Digital seeks to achieve best execution in all transactions involving client Virtual Assets, taking into account price, cost, speed, and likelihood of execution.
Orders are routed through approved venues and liquidity providers, and Nova Digital’s Order Execution Policy ensures that execution arrangements are monitored and reviewed regularly for fairness and efficiency.
Liquidity Risk Management
Nova Digital monitors liquidity across all managed funds and portfolios to ensure that redemption obligations can be met and positions can be adjusted without undue market impact.
Liquidity risk is managed through portfolio diversification, pre-trade liquidity screening, and continuous monitoring of exchange and counterparty withdrawal conditions.
Additional Disclosures
Nova Digital may publish additional information or disclosures as required by VARA from time to time, including updates relating to risks, material changes to operations, or regulatory developments.
All such updates will be made available through Nova Digital’s official website or other publicly accessible channels.
Date: 25 October 2025
Version: 1.0
Public Disclosures
Nova Digital FZE (“Nova Digital”) is licensed by the Dubai Virtual Assets Regulatory Authority (VARA) to provide Virtual Asset Management and Investment Services. In accordance with the VARA Management and Investment Services Rulebook, Nova Digital maintains the following public disclosures regarding its governance, risk management, and client protection arrangements.
Conflicts of Interest
Nova Digital maintains a comprehensive Conflicts of Interest Policy designed to identify, manage, and mitigate any actual or potential conflicts that may arise in the course of its activities. Conflicts may occur where Nova Digital, its employees, or related entities have interests that diverge from those of clients.
These conflicts are managed through governance controls including independent oversight, segregation of duties, personal account dealing restrictions, and disclosure protocols. Where conflicts cannot be fully mitigated, Nova Digital will disclose them to clients in a timely and transparent manner.
Data Privacy, Whistleblowing, and Complaints Handling
Nova Digital upholds strict standards of confidentiality and data protection in line with UAE data protection laws and VARA’s requirements. Personal data collected from clients is processed only for lawful business purposes and safeguarded through technical and organisational measures.
Nova Digital maintains a Whistleblowing Policy that enables employees and third parties to report concerns confidentially and without fear of retaliation.
A Complaints Handling Policy is also in place to ensure client complaints are acknowledged, investigated, and resolved promptly, with outcomes recorded and reported in line with regulatory obligations. For information on how to make a complaint and details of our complaints-handling procedures, please refer to the Complaints section of our website.
Client Access and Withdrawal of Virtual Asset
Nova Digital does not hold client or fund assets. As the appointed Investment Manager under an Investment Management Agreement, Nova Digital manages portfolios and executes investment strategies on behalf of regulated funds.
All Virtual Assets are held in the name of the respective fund with its appointed custodian or administrator. Accordingly, any client access to or withdrawal of Virtual Assets is governed by the terms of the relevant fund documentation and administered directly by the fund or its custodian.
Nova Digital has no authority or operational control over the custody, transfer, or withdrawal of client Virtual Assets and does not take possession of or title to such assets at any time.
Safeguarding and Use of Client Assets
Nova Digital does not hold or safeguard client Virtual Assets. As Investment Manager, Nova Digital acts under the terms of an Investment Management Agreement with each regulated fund and provides portfolio management and investment services only.
All client and fund assets are held in the name of the respective fund with its appointed, regulated custodian or administrator. The safeguarding, custody, and segregation of Virtual Assets are the responsibility of the custodian, which maintains institutional-grade controls, including secure wallet infrastructure and segregation from firm assets.
Nova Digital does not have authority to transfer, pledge, or otherwise use client or fund Virtual Assets. All investment activity conducted by Nova Digital is carried out strictly within the mandate and parameters set by the fund documentation and subject to ongoing governance and oversight by the fund’s governing body and relevant regulator.
Counterparty Risk Management
Nova Digital employs rigorous counterparty due diligence and risk assessments prior to engaging with any trading venue, liquidity provider, or third-party service.
Exposure limits are monitored through a formal risk management framework to ensure that client Virtual Assets are protected from counterparty default or insolvency.
Use of Client Virtual Assets and Client Interests
In providing Management and Investment Services, Nova Digital may deploy client Virtual Assets in investment strategies consistent with the mandate agreed with each client or fund.
Such activities are undertaken solely in the interests of clients and in accordance with the stated investment objectives, ensuring that any benefits or returns accrue proportionately to the clients whose assets are used.
Risk Statement
Investment in and use of Virtual Assets involves significant risks, including but not limited to market volatility, technological vulnerabilities, and counterparty exposure.
Client Virtual Assets used in the course of Nova Digital’s management and investment activities may be subject to loss in whole or in part.
Nova Digital continuously monitors risk exposures and employs robust risk management controls to mitigate the likelihood and severity of such losses; however, no assurance can be given that losses will not occur.
Order Execution
Nova Digital seeks to achieve best execution in all transactions involving client Virtual Assets, taking into account price, cost, speed, and likelihood of execution.
Orders are routed through approved venues and liquidity providers, and Nova Digital’s Order Execution Policy ensures that execution arrangements are monitored and reviewed regularly for fairness and efficiency.
Liquidity Risk Management
Nova Digital monitors liquidity across all managed funds and portfolios to ensure that redemption obligations can be met and positions can be adjusted without undue market impact.
Liquidity risk is managed through portfolio diversification, pre-trade liquidity screening, and continuous monitoring of exchange and counterparty withdrawal conditions.
Additional Disclosures
Nova Digital may publish additional information or disclosures as required by VARA from time to time, including updates relating to risks, material changes to operations, or regulatory developments.
All such updates will be made available through Nova Digital’s official website or other publicly accessible channels.