Legal Structure

Legal Structure of Delta Institutional

Delta Institutional operates as the regulated institutional gateway of the Delta Money ecosystem, providing secure, compliant, and structured access to decentralized financial products for professional investors, asset managers, and financial institutions. Headquartered in Switzerland, Delta Institutional leverages the country’s robust legal framework, financial stability, and regulatory clarity to provide a globally trusted platform for digital asset exposure.

Jurisdiction and Regulatory Oversight

Delta Institutional is incorporated and domiciled in Switzerland, a globally recognized hub for financial innovation and regulatory best practices. The entity is subject to oversight by the Swiss Financial Market Supervisory Authority (FINMA), Switzerland’s independent financial markets regulator.

Operating under Swiss law, Delta Institutional is authorized to act as a custodial and financial intermediary, managing client assets in a transparent and fully compliant manner. FINMA’s regulatory framework ensures that Delta Institutional adheres to strict standards in the areas of:

• Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance

• Asset segregation and client fund protection

• Corporate governance and fiduciary responsibility

• Transparency, risk disclosure, and regulatory reporting

This regulatory status allows Delta Institutional to act as a trusted custodian and asset manager for clients participating in the Delta Money ecosystem through off-chain structures such as SPVs (Special Purpose Vehicles).

Legal Entity Function and Responsibilities

Delta Institutional is responsible for the custody and administration of sDUSD on behalf of clients, primarily institutions and sophisticated investors. The legal framework permits Delta Institutional to structure indirect exposure to yield-bearing decentralized products through fully compliant vehicles, while ensuring that client assets remain ring-fenced and auditable.

Under this framework, investors may choose to receive swDUSD — an ERC-20 token that represents their pro-rata share of the underlying sDUSD exposure — or alternatively, may opt to have their position held in custody by Delta Institutional. This flexibility is governed by contractual agreements and legal documentation tailored to each client’s regulatory and operational profile.

All legal agreements, operational procedures, and custody arrangements are executed under Swiss law and subject to FINMA’s supervisory regime.

Structured Access via SPVs

In line with institutional requirements, Delta Institutional provides exposure to Delta Money’s yield strategies through Special Purpose Vehicles. These SPVs are legally distinct entities that serve as wrappers for sDUSD holdings and associated token rights. The use of SPVs ensures legal clarity, facilitates tax and accounting treatment, and supports jurisdiction-specific structuring for global clients.

This model enables institutions to benefit from Delta Money’s yield generation capabilities, including both on-chain and off-chain sources, without assuming the legal or operational burdens of direct DeFi interaction.

Commitment to Compliance and Institutional Standards

Delta Institutional’s legal structure is designed to align with the highest standards of financial integrity, transparency, and investor protection. By operating under a clearly defined legal and regulatory framework, Delta Institutional ensures that client interests are safeguarded while enabling seamless access to innovative, yield-generating digital assets.

Through Swiss jurisdiction, FINMA regulation, and institutional-grade legal architecture, Delta Institutional bridges the gap between decentralized finance and the global financial system — securely, compliantly, and at scale.