Version: 0.1
Effective Date: Apr 10, 2026
These Interface Terms of Service (these “Interface Terms”) govern your access to and use of the website at wstgbp.com and any related front-end provided by us (the “Interface”). The Interface is operated by Wren Spire (BVI) Ltd, a BVI business company, registered number 2209465, of Intershore Chambers, P.O. Box 4342, Road Town, Tortola, British Virgin Islands (the “Operator”, “we”, “us”, or “our”).
The Interface is one optional way to interact with the wstGBP smart contracts (the “Protocol”). The Protocol is permissionless software that anyone can reach directly on-chain, with or without the Interface. Your interaction with the Protocol itself is governed by a separate set of terms (the “Protocol Terms”), published at the Protocol’s on-chain setTerms() pointer (IPFS). Where you use the Interface to interact with the Protocol, both these Interface Terms and the Protocol Terms apply. On any matter concerning the Protocol or the tokens, the Protocol Terms govern.
BY ACCESSING OR USING THE INTERFACE, YOU AGREE TO THESE INTERFACE TERMS. IF YOU DO NOT AGREE, DO NOT ACCESS OR USE THE INTERFACE.
THESE INTERFACE TERMS CONTAIN A BINDING ARBITRATION AGREEMENT AND A CLASS-ACTION WAIVER (SECTION 18), WHICH AFFECT HOW DISPUTES BETWEEN YOU AND THE OPERATOR ARE RESOLVED.
1. About the Interface and the Protocol
TL;DR: The Interface is just a website that shows you information and helps you build a transaction that you sign yourself. The Protocol is open-source software you can use without us. We provide software; we do not act on your behalf, hold your assets, or take the other side of your transactions.
1.1 The Interface is informational and a convenience. The Interface displays publicly available information about the Protocol and provides a graphical way to construct a blockchain transaction message, which you then sign and broadcast yourself using your own wallet. The Interface does not execute transactions for you, does not take possession of your tokens, and is not required in order to use the Protocol.
1.2 The Protocol is permissionless. The Protocol consists of smart contracts deployed on Ethereum mainnet that allow a holder of tGBP (a GBP-referenced token issued by BCP Technologies Ltd, an unaffiliated third party) to deposit tGBP and receive wstGBP, and to redeem wstGBP for tGBP. Anyone with a compatible wallet can interact with these contracts directly, and we have no ability to prevent direct on-chain access.
1.3 We are a technology provider. We provide and maintain software and operate a network. We do not, by providing the Interface, act as your agent, broker, fiduciary, intermediary, custodian, or counterparty, and no such relationship arises between you and us by reason of your use of the Interface.
2. Eligibility: Restricted Persons and Jurisdictions
TL;DR: You must be 18+ and legally able to agree to these terms. You may not use the Interface if you are a US person, a UK resident, in a sanctioned or high-risk jurisdiction, or on a sanctions list. Do not use a VPN to get around our geo-block.
2.1 You may use the Interface only if you are at least 18 years old and have the legal capacity to agree to these Interface Terms in your home jurisdiction.
2.2 You may NOT access or use the Interface if you are:
(a) a U.S. person as defined in Rule 902 of Regulation S under the U.S. Securities Act of 1933, or otherwise resident or domiciled in the United States;
(b) resident or domiciled in the United Kingdom;
(c) resident or domiciled in, or a citizen, national, or agent of, any jurisdiction subject to comprehensive sanctions imposed by the United States, the United Nations, the European Union, or H.M. Treasury (including, as of the Effective Date, Cuba, Iran, North Korea, Syria, and the Crimea, Donetsk, and Luhansk regions of Ukraine);
(d) a person on any sanctions list maintained by OFAC, the United Nations, the European Union, or H.M. Treasury, or owned or controlled by, or acting on behalf of, any such person;
(e) resident in any jurisdiction on the FATF lists of high-risk jurisdictions or jurisdictions under increased monitoring, as updated from time to time; or
(f) otherwise prohibited from using the Interface under the laws applicable to you (each of (a) to (f), a “Restricted Person”).
2.3 Geo-blocking and non-circumvention. The Interface applies IP-based geo-blocking against restricted jurisdictions. This is a reasonable best-effort measure and is not, and cannot be, a complete bar to access. You are solely responsible for verifying that you are not a Restricted Person and for complying with the laws of your home jurisdiction. You must not use a VPN, proxy, or any other technique to disguise your location or to circumvent the geo-block. Circumventing the geo-block, or otherwise accessing the Interface as a Restricted Person, is a breach of these Interface Terms and does not alter your legal status under the law applicable to you.
3. KYC is performed at the tGBP layer
TL;DR: We do not run identity checks on you. To hold tGBP you must already have been onboarded by BCP. The Interface only screens by location and wallet, not identity.
3.1 To acquire tGBP, you must have been onboarded and verified by BCP Technologies Ltd or one of its distribution partners. We perform no identity verification, sanctions screening, or source-of-funds check on you at the wstGBP layer, and we are entitled to assume that any person holding tGBP has been onboarded at the tGBP layer.
3.2 We have no role in, and no responsibility for, BCP’s onboarding procedures, the issuance or redemption of tGBP, or BCP’s compliance with applicable law.
4. Compliance Checks and Wallet Risk Assessment
TL;DR: The Interface may check your IP and screen your wallet using third-party tools, and may block or restrict access. These checks are informational, we do not guarantee them, and we may cooperate with lawful requests from authorities.
4.1 The Interface may run IP geo-location checks and may use third-party wallet-screening services (for example, sanctions and illicit-funds screening) to assess whether a wallet should be allowed to use the Interface. We may block, restrict, or decline to serve any wallet or session at our discretion.
4.2 These checks are provided for compliance and risk-management purposes only. We do not warrant the accuracy, completeness, or availability of any third-party screening, and we are not liable for the results of any third-party screening.
4.3 We may disclose information and cooperate with lawful requests from regulators, law-enforcement, or other competent authorities, and may take such action as we reasonably consider necessary to comply with applicable law.
5. Access to the Interface; Suspension; Pause
TL;DR: We can change, suspend, or shut down the Interface at any time. We may also pause the Protocol within our limited admin authority. The Protocol itself stays reachable on-chain even if the website is down.
5.1 We may modify, suspend, restrict, or discontinue the Interface, in whole or in part, at any time and for any reason, with or without notice. We are not liable for any unavailability of, or inability to access, the Interface.
5.2 Limited admin authority over the Protocol. Our administrative authority over the Protocol is limited to: (a) publishing the Protocol’s price via the oracle; (b) maintaining a sanctions blocklist; (c) pausing minting or redemption; and (d) setting market parameters (such as fees, windows, and supply caps). Minting and redemption operate against the Protocol’s own token balances, not against our address, and our address is not in the mint or redeem path. This limited authority does not make us a custodian of, or give us control over, any user’s assets. The risks associated with this authority, and with the Protocol’s upgradeable modules, are addressed in the Protocol Terms.
5.3 Suspension or discontinuation of the Interface does not affect the permissionless availability of the Protocol on-chain, which you may continue to access directly subject to the Protocol Terms.
6. Your Use of the Interface; Non-Custodial; You Control Your Keys
TL;DR: You sign your own transactions with your own wallet. We never hold your keys or your assets, we cannot reverse anything on-chain, and we are not your agent.
6.1 You are solely responsible for your wallet, your private keys, and your seed phrase. We never hold, control, or have access to your wallet, your keys, or your tokens. Loss of access to your wallet is your sole responsibility and is not a basis for any claim against us.
6.2 You are solely responsible for the transactions you construct and sign through the Interface. Once a transaction is confirmed on Ethereum it is irreversible. We cannot cancel, reverse, refund, or recover any confirmed transaction, any tokens sent in error, or any tokens sent to an incorrect address.
6.3 We do not act as your agent and have no discretion over, and no obligation to take, any action with respect to your wallet or tokens.
7. Prohibited Uses
TL;DR: Do not use the Interface to break the law, commit fraud, manipulate markets, infringe IP, attack the system, launder money, evade sanctions, or run bots against it.
You must not, directly or indirectly, in connection with the Interface:
(a) use the Interface where any representation you make under these Interface Terms is untrue, or while you are a Restricted Person;
(b) employ any device, scheme, or artifice to defraud or mislead any person, engage in market manipulation, or use the Interface in connection with any offering of securities or derivatives;
(c) disguise or attempt to disguise the origin or location of your traffic, including by using a VPN or proxy to circumvent the geo-block;
(d) infringe any intellectual property or other right of any person;
(e) use any bot, scraper, or other automated means to access the Interface, or attempt to interfere with, compromise, or attack the Interface, the Protocol, or any user’s wallet;
(f) use the Interface to transact with the proceeds of criminal or fraudulent activity, to launder money, or to evade sanctions or export controls; or
(g) contribute to or facilitate any of the foregoing.
8. What wstGBP Is, and What It Is NOT
TL;DR: wstGBP is a wrapped representation of tGBP locked in the Protocol. It is not equity, not debt, not a deposit, not an investment, and not a claim on us. We do not promise any yield, return, or appreciation. The binding token terms are in the Protocol Terms.
8.1 When you deposit tGBP, the Protocol mints wstGBP to your wallet at the then-current exchange rate, net of any fee set in the contract. When you redeem, the Protocol returns tGBP at the then-current exchange rate, net of any fee set in the contract.
8.2 The exchange rate. The exchange rate is the on-chain price reference published by us through the oracle. Whether and how we update it is our own commercial decision. Any change in the exchange rate, including any increase, is not guaranteed, not promised, and not predicted, and is not interest, yield, a net interest margin, a dividend, a distribution, or a share of any income earned by any person. Holding wstGBP gives you no contractual claim, right, or recourse against us for any yield, return, appreciation, redemption, or payment of any kind.
8.3 What wstGBP is not. wstGBP is not, and does not represent or confer, any equity or ownership interest, any debt or money, any deposit, any investment, collective investment scheme interest, or derivative, any profit or income share, or any asset that any person is obliged to repurchase or redeem from you. wstGBP and tGBP are not bank deposits and are not covered by any deposit-protection or investor-compensation scheme.
8.4 “Staked” is descriptive only. The “st” in wstGBP is a naming convention. There is no staking, lock-up, validation duty, slashing, or staking reward associated with holding wstGBP.
8.5 The full and binding description of wstGBP, the mint and redeem mechanics, the exchange rate, and the fees is set out in the Protocol Terms. This Section 8 is a summary for the convenience of Interface users and does not vary the Protocol Terms.
9. Fees
TL;DR: The Interface charges you nothing. We earn no fee from you or from inside the Protocol. Any mint or redeem fee stays in the Protocol. You pay your own network gas to third parties.
9.1 We charge no fee for use of the Interface.
9.2 We earn no fee from you and take no fee out of your deposits. Any mint or redemption fee is set in the Protocol’s contracts and remains within the Protocol; it is not routed to us. Our own commercial revenue comes from a separate business-to-business arrangement to which you are not a party, in which you have no interest, and which confers no claim on you against us.
9.3 Transacting on Ethereum requires payment of network gas fees to third-party validators. Gas fees are not paid to us, are outside our control, and are non-refundable, including for failed transactions.
10. Risk Disclosures
TL;DR: Using the Protocol carries real risks, including loss of everything. Read this and the fuller risk section in the Protocol Terms before you use it.
You acknowledge that you have read and accept the following non-exhaustive risks, and that the fuller risk disclosures in the Protocol Terms also apply:
10.1 Smart-contract risk. The contracts have been independently audited, but no software is risk-free. A previously undiscovered vulnerability could result in partial or total loss of tGBP held in the Protocol.
10.2 tGBP and peg risk. wstGBP wraps tGBP. If tGBP loses its peg, becomes illiquid, is suspended by BCP, or otherwise loses value, wstGBP loses value to the same extent.
10.3 Counterparty risk (BCP). tGBP is issued by BCP Technologies Ltd, an unaffiliated third party, and is backed by reserve assets (UK gilts and cash-equivalent instruments) managed by BCP. If BCP fails to perform, becomes insolvent, or loses a required authorisation, tGBP and therefore wstGBP may be adversely affected.
10.4 Rate and reserve risk. Any appreciation of the exchange rate is discretionary and depends on factors outside your and our control, including prevailing interest rates and the performance of the tGBP reserves. The exchange rate may not increase at all.
10.5 Regulatory risk. Regulation of stablecoins, wrapped tokens, and DeFi protocols is evolving. Future rules could restrict or prohibit your ability to hold or transact in wstGBP.
10.6 Admin, upgrade, and operational risk. Our limited admin authority and the Protocol’s upgradeable modules carry risk, as described in the Protocol Terms. The Protocol depends on Ethereum mainnet, your wallet, tGBP and BCP, and our continued operation as a technology firm.
10.7 No backstop. We are a technology firm. We do not, and are not required to, hold capital reserves, provide insurance, or financially backstop the Protocol.
11. No Advice; Non-Reliance; No Fiduciary Duty
TL;DR: Nothing here is advice or a recommendation. Do your own research. We owe you no fiduciary duty.
11.1 Nothing on the Interface, in any documentation, or in any communication from us is investment, financial, tax, or legal advice, or a solicitation or recommendation to enter into any transaction. You are solely responsible for your own decisions and for determining and paying your own taxes.
11.2 You represent that you have conducted your own independent investigation of the Protocol and the Interface and that you have not relied on any statement of ours except as expressly set out in these Interface Terms.
11.3 These Interface Terms do not create, and we do not owe you, any fiduciary duty. To the fullest extent permitted by law, any fiduciary duty or liability that might otherwise exist at law or in equity is disclaimed, waived, and eliminated. The only duties we owe you are those expressly set out in these Interface Terms.
12. Disclaimers
TL;DR: The Interface is provided “as is”, with no warranties. We are not registered with or supervised by any financial regulator.
THE INTERFACE IS PROVIDED “AS IS” AND “AS AVAILABLE” WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, AND ANY WARRANTY ARISING FROM COURSE OF DEALING OR USAGE OF TRADE. WE DO NOT WARRANT THAT THE INTERFACE WILL BE UNINTERRUPTED, ERROR-FREE, OR SECURE, OR THAT ANY INFORMATION DISPLAYED ON THE INTERFACE IS ACCURATE, COMPLETE, OR CURRENT. THE INTERFACE, THE PROTOCOL, AND THE OPERATOR ARE NOT REGISTERED WITH, LICENSED BY, OR SUPERVISED BY ANY FINANCIAL OR SECURITIES REGULATORY AUTHORITY.
13. Limitation of Liability
TL;DR: Our total liability to you is capped at US$100, and we are not liable for indirect or consequential losses. This does not cover fraud or anything that cannot be excluded by law.
13.1 TO THE MAXIMUM EXTENT PERMITTED BY LAW, OUR AGGREGATE LIABILITY TO ANY USER ARISING OUT OF OR RELATING TO THESE INTERFACE TERMS OR THE INTERFACE IS LIMITED TO ONE HUNDRED U.S. DOLLARS (US$100). WE ARE NOT LIABLE FOR INDIRECT, CONSEQUENTIAL, INCIDENTAL, SPECIAL, EXEMPLARY, OR PUNITIVE DAMAGES, LOST PROFITS, OR DIMINUTION IN VALUE, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
13.2 The limitations in Sections 12 and 13 do not apply to liability for fraud or wilful misconduct, or to any liability that cannot be excluded under applicable law.
14. Indemnification
TL;DR: If your misuse of the Interface causes us loss, you cover it.
You will indemnify, defend, and hold harmless the Operator, its affiliates, and their respective directors, officers, employees, and agents from any claim, loss, liability, damage, fine, penalty, or expense (including reasonable legal fees) arising out of (a) your use of the Interface in breach of these Interface Terms; (b) your breach of any representation or warranty in these Interface Terms; or (c) your violation of any law in connection with your use of the Interface.
15. Intellectual Property
TL;DR: We own the Interface and its content. The “wstGBP” ticker includes the “tGBP” mark, which BCP owns and licenses to us. You get a limited, revocable licence to use the Interface.
15.1 We own or have the rights to use all intellectual property in the Interface, including its design, look and feel, text, graphics, and documentation. We grant you a limited, revocable, non-exclusive, non-transferable licence to access and use the Interface for its intended purpose, subject to these Interface Terms.
15.2 The “tGBP” trademark is owned by BCP Technologies Ltd. The “wstGBP” ticker incorporates the “tGBP” mark and is used by us under a licence from BCP, solely in connection with the Protocol and the wrapped token. Nothing in these Interface Terms grants you any right in the “tGBP” mark, the “wstGBP” ticker, or any of our marks.
15.3 To the extent the Protocol’s smart-contract source code is released under an open-source licence, that licence governs your rights in the code. These Interface Terms govern your use of the Interface.
16. Third-Party Services and Dependencies
TL;DR: Wallets, node providers, tGBP, BCP, and block explorers are third parties we do not control. Using them is at your own risk.
16.1 The Interface relies on, and you may access through it, third-party services and software, including wallet providers, RPC and node providers, block explorers, screening providers, and tGBP (issued by BCP Technologies Ltd, an unaffiliated third party). We do not own or control these third parties, do not endorse them, and are not responsible for their availability, accuracy, security, or conduct.
16.2 Your use of any third-party service is governed by that third party’s terms, and is at your own risk.
17. Modifications, Suspension, and Termination
TL;DR: We can change these terms by posting an update. Keep using the Interface and you accept the change. On-chain transactions cannot be reversed.
17.1 We may amend these Interface Terms at any time by posting an updated version on the Interface. The amended Interface Terms take effect when posted, and your continued use of the Interface after that constitutes acceptance. If you do not agree, you must stop using the Interface.
17.2 We may suspend, restrict, or terminate your access to the Interface at any time, in particular in response to legal or regulatory developments, security incidents, or breach of these Interface Terms.
17.3 Confirmed on-chain transactions are immutable and cannot be reversed by us.
18. Governing Law and Disputes
TL;DR: BVI law governs. Disputes go to confidential arbitration in the BVI before a single arbitrator. You waive class actions and jury trials. We can still seek injunctions in court.
18.1 Governing law. These Interface Terms are governed by and construed in accordance with the laws of the British Virgin Islands, without regard to conflict-of-laws principles.
18.2 Arbitration. Any dispute arising out of or relating to these Interface Terms or your use of the Interface is to be finally resolved by arbitration administered by the BVI International Arbitration Centre (BVI IAC) in Tortola, British Virgin Islands, under its rules, before a sole arbitrator, in the English language, on a confidential basis. Any award may be entered in any court of competent jurisdiction.
18.3 Class-action and jury waiver. You agree to bring any dispute in your individual capacity only, and not as a plaintiff in or member of any class, collective, or representative proceeding. You waive any right to a trial by jury.
18.4 Equitable relief. Nothing in this Section prevents us from seeking interim or equitable relief from any court of competent jurisdiction.
19. General
TL;DR: Standard boilerplate: whole agreement, severability, no waiver, we can assign and you cannot, no third-party rights, English controls.
19.1 Entire agreement. These Interface Terms, together with the Protocol Terms and the Privacy Notice referenced here, are the entire agreement between you and us concerning the Interface and supersede all prior agreements and understandings.
19.2 Relationship to the Protocol Terms. These Interface Terms govern your use of the Interface. The Protocol Terms govern your interaction with the Protocol. On any matter concerning the Protocol or the tokens, the Protocol Terms govern.
19.3 Severability. If any provision is held unenforceable, the remainder remains in effect and the unenforceable provision is reformed to the minimum extent necessary while preserving the parties’ intent.
19.4 No waiver. A failure to enforce any provision does not waive it.
19.5 Assignment. You may not assign your rights under these Interface Terms. We may assign these Interface Terms to a member of our corporate group or in connection with a bona fide reorganisation or sale.
19.6 No third-party beneficiaries. No person other than you and us has any right to enforce any provision of these Interface Terms.
19.7 Notices. We provide notices through the Interface. You may contact us at team@arb.capital.
19.8 Language. These Interface Terms are in English. Any translation is for convenience only; the English version controls.
20. Privacy
TL;DR: We collect your IP address and wallet address to run geo-blocking and sanctions screening. See the Privacy Notice for details.
We collect and process limited personal data, including your IP address and wallet address, for the purposes of geo-blocking, sanctions and wallet screening, security, and compliance with applicable law. Our handling of personal data is described in the Privacy Notice available on the Interface, which forms part of these Interface Terms.
By accessing or using the Interface, you confirm that you have read, understood, and agree to be bound by these Interface Terms.
Wren Spire (BVI) Ltd | Intershore Chambers, P.O. Box 4342, Road Town, Tortola, British Virgin Islands | Last updated: 2026-06-18