Public Statement 4 of 2025 - XM Defi Financial Ltd

XM Defi Financial Ltd

Tortola, British Virgin Islands – 23 January  2025 - The British Virgin Islands Financial Services Commission (the FSC) considers it necessary to issue this Public Statement in order to protect the customers,  creditors or persons who may have been solicited to conduct business by XM Defi Financial Ltd and to make the general public aware that the entity has never been licensed or regulated by the FSC to carry on any type of financial services business.

The details are:

XM Defi Financial Ltd is falsely purporting to be conducting business with the FSC for the purpose of offshore financial services.

The FSC hereby informs the public that XM Defi Financial Ltd is not a BVI company and has never been licensed or regulated by the FSC to carry on investment business or any financial services business in or from within the Territory.

Members of the public are advised to exercise extreme caution and to avoid conducting any business on the basis that XM Defi Financial Ltd operates in collaboration with the FSC. The public is invited to provide the FSC with any relevant information on any questionable entities that are purportedly operating in or from within the Territory of the British Virgin Islands, and on any improper activities engaged in by such entities.

The FSC has issued this Public Statement pursuant to Section 37A of the Financial Services Commission Act, 2001.