LGO Markets has partnered with established third party custodians and clearing firms who hold our clients’ funds. Your fiat funds will be held in a segregated bank account under your name which you will open with one of our banking partners of your choice. LGO Markets is never holding your fiat funds - you always are. Your digital assets will be held in a dedicated 2-of-3 multi-signature wallet. There is one wallet per client, which means that your funds are segregated from other clients’ funds in order to eliminate commingling risk.
The use of 2-of-3 multi-signature wallets for each client requires 2 of the 3 existing private keys to authorize a movement of digital assets for withdrawal or settlement purposes, ensuring a high level of safety for our clients. The three keys are stored in three distinct physical hardware devices, respectively; one held by us, one held by a partnered third party clearing firm, and one held by you. LGO Markets cannot unilaterally move the funds in your wallet.