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Official Delchain Statement On Unsubstantiated Complaint Filing

We are aware of the recent news regarding a complaint that was filed against Delchain Limited (Delchain) with allegations related a token launch and issuance by Dreamr that are unfounded and unsubstantiated.

Projects in this space are not always successful. At Delchain we work to support our clients with a compliant launch strategy and then to provide regulated custody and conversion services. Delchain does not operate any cryptocurrency exchange and cannot control the decision or timing to list any token.

Over one month after the token listing, a press release was issued by Dreamr on Yahoo Finance where Dreamr’s CEO commented; “Thanks to the help of our partners at Delchain we were successful in reaching our pre listing capital goal”, and confirmed the listing was, in fact, successful; “Having the right partners on our project has made all the difference and resulted in a successful tier-one exchange listing that has provided the company a strong foundation to build upon”.

As a licensed and regulated entity, Delchain must provide the top-level standard of custodial services. Our clients are the ones who look for the highest level of safety and security. This means having in place processes and procedures to safeguard against cyber security threats, validate Identities, and continuously monitor account activities. Delchain provided its services in line with these compliance procedures and policies.

Delchain will continue to vigorously defend itself in this matter, including as to the proper forum for any such claims to be heard, and will assert any and all legal rights and remedies afforded to us under the law.

No further comments will be provided at this time as it is a legal matter, which will be taken forward by Delchain’s legal team.

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The information, tools and material presented in this report are provided to you by Delchain Limited for information purposes only and are not to be used or considered as an offer or the solicitation of an offer to sell or to buy or subscribe for securities or other financial instruments.  Delchain Limited may not have taken any steps to ensure that the securities or financial instruments referred to in this report are suitable for any particular investor.  Delchain Limited will not treat recipients of this report as its customers by virtue of their receiving this report. The investments and services contained or referred to in this document may not be suitable for you and it is recommended that you consult an independent investment advisor if you are in doubt about such investments or investment services. Nothing in this report constitutes investment, legal, accounting or tax advice, or a representation that any investment or strategy is suitable or appropriate to your individual circumstances, or otherwise constitutes a personal recommendation to you.  Delchain Limited does not advise on the tax consequences of investments and you are advised to contact an independent tax adviser.

Information and opinions presented in this document have been obtained or derived from sources believed by Delchain Limited to be reliable, but Delchain Limited makes no representation as to their accuracy or completeness.  Delchain Limited accepts no liability for loss arising from the use of the material presented in this document, except that this exclusion of liability does not apply to the extent that such liability arises under specific statutes or regulations applicable to Delchain Limited. This report is not to be relied upon in substitution for the exercise of independent judgment.  Delchain Limited may have issued, and may in the future issue, other communications that are inconsistent with, and reach different conclusions from, the information presented in this report.  Those communications reflect the different assumptions, views and analytical methods of the analysts who prepared them and Delchain Limited is under no obligation to ensure that such other communications are brought to the attention of any recipient of this document.

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