Terms of use
Effective date: 25 October 2026.
1. Who we are
MUZA Capital is operated by Morency & Co., a company incorporated in Hong Kong with its registered address at 728 King's Rd, Tsat Tsz Mui, Hong Kong Island, Hong Kong. In these terms, “we” and “us” mean Morency & Co. These terms are an agreement between you and Morency & Co. By creating an account or using the site you accept them.
2. Eligibility
You must be at least 18 and legally able to enter this agreement. You may not use the services if you are subject to sanctions, or where using them is against the law where you live.
3. Your account
Give accurate information and keep your password secure. You are responsible for activity on your account. Tell us at once at support@muzacapital.com if you think someone else has accessed it.
4. The services
MUZA Capital is a non-custodial interface. It lets you swap tokens from your own wallet on Ethereum, Arbitrum, Base, Polygon and BNB Chain, bridge assets to MUZA Chain and trade MUZA markets there, swap crypto with other users on the P2P swap board, practise trading and use the Leviathan wallet. We never hold the crypto in your wallet.
Limit orders are not available yet. We do not offer fiat banking (fiat P2P, where you trade crypto for local currency directly with another user, is described below); any earlier banking history in your account was a simulation and no real money moved. Current service states are on the status page. We may add, change or withdraw features.
5. Swaps
You sign every swap in your wallet, and it settles on-chain. A quote shows the expected amount you will receive, the MUZA fee and the network. Prices can move between the quote and confirmation; if the price moves beyond the slippage limit shown in the quote, the transaction fails and you still pay network gas. A confirmed transaction is final: we cannot cancel, reverse or refund it.
Swaps on public networks are filled by third-party liquidity providers. On those swaps MUZA provides the interface and does not act as your counterparty.
6. Bridge
The bridge is operated by MUZA. When you bridge in, you send tokens to a MUZA contract on their original network and the matching tokens are released to your wallet on MUZA Chain. MUZA holds the tokens you sent while the matching tokens are on MUZA Chain. This is the one part of the service in which MUZA holds assets. The bridge may be paused; do not send funds while the status page shows it paused.
7. P2P swap board
The P2P swap board lets you swap crypto for crypto with another user through an on-chain escrow contract on MUZA Chain. Both sides settle in one transaction, or neither does. The other user is your counterparty; MUZA is not. There is no MUZA fee at launch. Fiat P2P lets you trade crypto for local currency with another user: the other user pays you directly, the crypto is held in an on-chain escrow until the seller confirms payment, and MUZA never holds the fiat. Fiat P2P needs a verified identity.
8. Identity verification and limits
Identity verification is provided through Morency & Co.. If you have not completed identity verification, you may swap up to USD 1,000 per day through MUZA's interface. Identity verification may be required for a higher limit or for particular services. We may change limits and will show the current limit in the app.
9. Practice and simulations
Practice and paper-trading balances have no value, cannot be withdrawn or exchanged for money, and may be reset. Do not pay anyone for them.
10. Leviathan wallet
The Leviathan wallet is self-custody software. Keys are generated in your browser and are never sent to us. We do not hold your keys or your recovery phrase and cannot recover, freeze or reverse wallet transactions. You are responsible for backing up your recovery phrase.
11. Fees
MUZA charges a fee on swaps, taken on-chain in the swap transaction and shown before you sign, and a fee on the bridge. Current rates are on the fees page. We will post changes there before they take effect. Network gas is paid to the network, not to us.
12. Prohibited use
- Market manipulation, wash trading or spoofing.
- Money laundering, fraud, sanctions evasion or funding illegal activity.
- Accessing other people's accounts or data, or interfering with the service.
- Using automated tools in a way that degrades the service for others.
12A. MUZA Markets and MUZA Terminal
No advice
MUZA Markets, MUZA Terminal, Vesper outputs, market data, alerts, news summaries and related materials are provided for general information only. They are not investment, legal, tax, accounting or financial advice, and they are not a recommendation, offer, solicitation or inducement to buy or sell any security, virtual asset, tokenized instrument or other financial product. Vesper provides explanations and citations; it does not recommend buying or selling and does not provide automated trading. No advisory or fiduciary relationship is created. Assess your own objectives, experience, risk appetite, costs and legal/tax position, and obtain independent advice before acting.
Market data attribution and disclaimer
Prices are provided by third parties and may include Chainlink price feeds, Uniswap pool prices, Ondo tokenized-stock quotes and European Central Bank reference rates. Each displayed price shows its age and source class. These prices are indicative only, may be delayed, stale, inaccurate, incomplete or unavailable, and are not MUZA valuations or official market prices. No affiliation, endorsement or sponsorship by Chainlink, Uniswap, Ondo or the European Central Bank is implied. Do not use any displayed price as the sole basis for a transaction.
Data delays and accuracy
Market data may be delayed, cached, stale, inaccurate, incomplete, duplicated, unavailable or based on on-chain or third-party sources that can change, fail or be manipulated. The displayed age and source class are informational only and may not reflect official exchange, issuer, index or benchmark data. MUZA and its data providers disclaim all liability, to the maximum extent permitted by law, for errors, omissions, delays, outages or losses arising from reliance on market data. Verify prices with the relevant official or execution venue before taking action.
Tokenized stocks and US-person restriction
Tokenized stock/ETF features relate to third-party issued blockchain tokens, not MUZA-issued securities. MUZA does not issue, hold, custody or settle these instruments; trades are prepared for signature in your own non-custodial wallet and executed through a third-party swap-routing service. Tokenized stock features are not available to US persons. A US person includes anyone who declares US status, has US nationality or citizenship, is resident or tax resident in the United States, or uses a US sign-in address. MUZA applies this restriction fail-closed and may block, suspend or reverse access where any US indicator exists or cannot be ruled out. Your eligibility does not mean the product is suitable for you.
Price alerts
Price alerts are convenience notifications only. MUZA does not guarantee that an alert will be created, delivered, received, ordered, accurate or timely. Alerts may be delayed, duplicated, missed, suppressed or triggered by delayed or inaccurate data. Do not rely on alerts for trading, risk management, execution or compliance. MUZA is not liable for loss caused by any failure, delay or inaccuracy in alerts, to the maximum extent permitted by law.
MUZA Terminal Pro – mzUSDT/OYO Payment Notice
Pro costs 79 mzUSDT per month or 790 mzUSDT per year (mzUSDT is MUZA’s $1 token), or, where offered, the OYO amount equal to the USD plan price less 15% (US$67.15 monthly/US$671.50 yearly), converted at MUZA’s own current mid-market price for OYO on MUZA’s OYO market and billed in advance from your custodial MUZA mzUSDT or OYO balance. OYO is MUZA’s volatile native token. The exact OYO amount is shown and held for 5 minutes before confirmation; without a fresh MUZA mid-market price for OYO on MUZA’s OYO market, OYO payment is unavailable. Institutional plans are sold separately. Not available to US persons or restricted jurisdictions. Renewal is optional at checkout: if switched on, renewal occurs each payment anniversary with a 3-day email reminder; OYO renewals are re-priced at MUZA’s mid-market price for OYO on MUZA’s OYO market on the renewal date, so amounts vary and the reminder shows an estimate. Switch off anytime in Plans; access continues to the paid-period end. If your balance cannot cover renewal, Pro stays available 7 days while we retry daily and email you; if unpaid, it returns to Free and nothing is owed. No part-period refunds except where law requires; full refunds are discretionary, and OYO refunds return the same OYO amount, not USD value. Pay only via Plans. Prices may change with 30 days’ notice. Pro is not investment advice.
Trade dock notice
The trade dock only prepares transaction data for signature in your own non-custodial wallet. MUZA does not execute, clear, settle, custody or hold customer funds for these trades. You are solely responsible for verifying the transaction and signing it.
Restricted access
You must not access or use MUZA Markets or MUZA Terminal from, or on behalf of, any jurisdiction where such access is unlawful or requires a licence, registration or approval that MUZA does not hold. You must not use the products if you are a sanctioned person or owned or controlled by a sanctioned person.
AI notice
Vesper and other AI features are supported by third-party AI providers. Do not enter passwords, private keys, seed phrases or identity documents. AI outputs may be inaccurate and are for information only.
Risk warning
Digital assets and tokenized instruments are high-risk, volatile and may become illiquid or lose all value. Blockchain transactions may be irreversible. You may have no recourse against MUZA for third-party issuer, protocol, swap-routing service or data failures.
Notices version 2026-10-25.r4.
13. Suspension and closure
You can close your account at any time by contacting support. We may suspend or close an account, or restrict access to the interface, if these terms are broken, if the law requires it, or to protect users. Where we can, we will tell you why. Closing an account does not affect the crypto in your own wallet.
14. Liability
The services are provided as they are. To the extent the law allows, we are not liable for losses caused by market movements, smart-contract, blockchain or third-party failures, your loss of keys or credentials, or events outside our reasonable control. Nothing in these terms limits liability that cannot be limited by law.
15. Changes
We may update these terms. We will post the new version here and, for material changes, notify you by email or in the app before they apply.
16. Governing law and contact
These terms and any non-contractual dispute arising from them are governed by Hong Kong law. The courts of Hong Kong have non-exclusive jurisdiction. If you are a consumer, this clause does not deprive you of any mandatory protection or right to bring proceedings that the law of your home country gives you.
Questions or complaints may be sent to support@muzacapital.com. Please describe the issue and the outcome you are seeking. We will acknowledge and investigate your complaint and respond within the time required by applicable law. You may also have the right to complain to a court, regulator or dispute-resolution body in your country.