Five-Bank Custody · Ring-Fenced SPV · Multi-Signature Release · Human Override · MAS + SEC Regulated
This agreement governs the custody, safekeeping, and release of all client assets managed by the PG-AI platform. The agreement is tripartite: between the custodian banks, PG-AI (via its regulated SPV), and an independent compliance officer.
All client assets are held by the SPV (PG-AI Custody Holdings Pte. Ltd.) as nominee on behalf of the beneficial owners (clients). In the event of PG-AI Inc.'s insolvency, liquidation, or cessation of operations, client assets held by the SPV shall not form part of PG-AI Inc.'s bankruptcy estate and shall not be available to PG-AI's creditors.
Any transfer of assets with value exceeding USD $50,000 (or equivalent) requires the concurrent digital signatures of all three parties:
(a) The custodian bank's treasury operations desk;
(b) The PG-AI LLM orchestrator (automated, mandate-bounded);
(c) The independent compliance officer.
No two parties acting together can authorize a release without the third. The compliance officer retains unilateral veto power over any transfer.
The independent compliance officer, appointed by MAS and the custodian consortium, has the authority to:
(a) Veto any AI-initiated transfer that exceeds mandate parameters;
(b) Freeze all outbound fund movements for up to 72 hours pending investigation;
(c) Escalate to MAS for immediate regulatory intervention;
(d) Request a full forensic audit of any skill's execution history.
In the event of platform failure, the MAS (for APAC assets) and SEC (for US assets) jointly ensure 100% asset recovery. The custodian banks are contractually obligated to release all client assets directly to beneficial owners upon receiving a joint instruction from MAS and SEC — bypassing the defunct PG-AI entity entirely.
Disputes between PG-AI and clients regarding asset custody, mandate execution, or fee calculation shall first be submitted to a pre-registered on-chain arbitration protocol. If the dispute cannot be resolved within 30 days, it escalates to the Singapore International Arbitration Centre (SIAC) under UNCITRAL rules.
| Custodian | Asset Type | Jurisdiction | Max Allocation |
|---|---|---|---|
| JPMorgan | US Treasuries, IG credit, equities | US / Singapore | 35% |
| Goldman Sachs | Equities, prime brokerage, derivatives | US / UK | 25% |
| UBS | Global equities, cross-border wealth | Switzerland / SG | 20% |
| BNY Mellon | Fixed income, gold, infrastructure | US / UK | 15% |
| DBS Bank | Operational, APAC settlement | Singapore | 10% |
No single custodian may hold more than 35% of total client assets. This diversification eliminates single-custodian risk.
This agreement may only be amended with the written consent of all three parties (custodian consortium, PG-AI SPV, and independent compliance officer) plus prior approval from both MAS and SEC. Any amendment affecting client asset protection terms requires 90 days advance notice to all affected clients.
Governing law: Laws of Singapore (for APAC operations) and State of Delaware (for US operations). Arbitration: SIAC under UNCITRAL rules.