Your Safety and Security at Stake: Protecting Your Investments with Confidence
At Stake, we understand that when it comes to investing your hard-earned money, trust, security, and safety are of paramount importance. We take our role as a global digital real estate investment platform seriously, and we want to assure you that your investments are protected by robust measures and stringent regulations. In this blog post, we will walk you through the security and safety practices we have implemented to provide you with peace of mind.
Regulated by the Dubai Financial Services Authority (DFSA)
Stake is proud to be regulated by the Dubai Financial Services Authority (DFSA). This regulatory body sets and enforces high standards to ensure that financial services in Dubai operate with integrity, transparency, and accountability. As part of our commitment to compliance, we adhere to the DFSA standards, which means that your assets are kept separate from Stake’s business operations. They are securely held by protected holding companies, known as Special Purpose Vehicles (SPVs), within the Dubai International Financial Centre (DIFC). This segregation provides an extra layer of security, ensuring that your investments are safeguarded even in the unlikely event of Stake facing financial challenges.
Ownership Protection with Title Deeds and Share Certificates
When you invest through Stake, you receive a Title Deed from the Dubai Land Department (DLD) in the name of the SPV and Share Certificates in your name, both serving as proof of your ownership in the property. All of our SPVs are registered with the DIFC, allowing you to verify your name and ownership through their online Public Register portal. Importantly, these SPVs hold investments in property assets free from any debt, lien, or encumbrance, ensuring that no banks, financial institutions, or other creditors can make claims on your assets.
Business Cessation Plan for Complete Protection
We have implemented a DFSA-regulated Business Cessation Plan to ensure the complete protection of your investments in the unlikely event that Stake ceases its operations. This plan outlines the steps we will take to ensure the orderly transition of your investments to alternative service providers. In such a situation, an administrator will be appointed to find a suitable party to take over the management of the SPVs and, if possible, the platform itself. This process will be supervised by the DFSA to minimize any operational disruption. Our priority is to safeguard your interests and ensure a smooth continuation of your investment journey.
Industry Best Practices for Account Security
We understand that maintaining the security of your account is crucial. Stake employs industry best practices to protect your sensitive information and prevent unauthorized access. Our team is continuously working to enhance the security measures, including the implementation of a Two-Factor Authentication (2FA) feature. With 2FA, you will have an additional layer of protection, requiring a unique verification code alongside your password. We are also actively improving our biometric authentication systems, such as fingerprint or facial recognition, to provide a seamless yet secure user experience.
Your Trust Matters to Us
We are committed to building a platform that instills trust and confidence in our users. We value the security and safety of your investments, and we continuously strive to exceed industry standards in these areas. Our adherence to the DFSA Client Money provisions, the use of protected holding companies (SPVs) within the DIFC, and the provision of ownership documents all reinforce our dedication to your financial well-being.
To dive deeper into the technical details of our SPV structure and the legal protections it provides, we invite you to read our blog post: “The Benefits and Legal Protections of Our SPV Structure” at https://blog.getstake.com/2023/04/07/the-benefits-and-legal-pro.
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4 replies on “Your Safety and Security at Stake: Protecting Your Investments with Confidence”
Hi Saran,
Your post doesn’t match with below,
https://getstake.com/static/key-risks
If you think it’s matches please amend the key risk thanks
Hello Amal, can you please let us know what exactly you think is inconsistent with the Key Risks page?
Hello. sir, how to verify my stuck account and deposit money. And I want know that how to draw money how many process.
Hi Mohammed, please contact our team at contact@getstake.com with your inquiries to further support. Thank you.