Legal & regulatory
Terms of service, grievance redressal, and disclosures for participanttechnologies.com. These are working drafts to be finalized with counsel before public launch.
Terms of Service
Nature of the token — read this first
The Participant platform is being designed so that any token represents a unit of a regulated fund structure — a security under the applicable IFSCA framework — once that structure is established and authorized. Tokens are not cryptocurrencies, and are not Virtual Digital Assets (VDAs), and are not intended for speculative trading.
This characterisation is expressly and entirely subject to a formal legal opinion confirming that the token constitutes a unit of an Alternative Investment Fund (AIF) under the applicable IFSCA framework and not a Virtual Digital Asset. Until that opinion is obtained and the relevant authorizations are in place, no token will be issued, offered, sold, or transferred, and no statement on this site should be read as offering one.
1. Informational purpose only
This website and its prototypes (including the dashboard and investor app) are provided for information and demonstration. Nothing on the site constitutes an offer, solicitation, invitation, or recommendation to buy or subscribe to any security, fund unit, or token, in any jurisdiction.
2. No advice
Nothing on this site is investment, legal, tax, or financial advice. Prospective investors must obtain their own independent professional advice. Any decision to invest, if and when investments are offered, would be made solely on the basis of the official offering documents.
3. Eligibility
Any future investments would be made available only to eligible investors (as defined under the applicable IFSCA framework), through official offering documents, and subject to KYC/AML and applicable law. Certain jurisdictions may be excluded.
4. Prototype data
The pilot dashboard and investor app use survey-based, unverified market data and simulated scheme histories. All schemes, figures, NAVs, yields, and distributions shown are illustrative constructs, are not promises, and do not represent any real security or transaction.
5. No warranty
The site is provided "as is" and "as available" without warranties of any kind, express or implied. We may change, suspend, or withdraw any part of the site at any time without notice.
6. Limitation of liability
To the maximum extent permitted by law, Participant Technologies shall not be liable for any loss or damage arising from use of, or reliance on, this website or its prototypes.
7. Intellectual property
All content, branding, and design on this site belong to Participant Technologies and may not be reproduced without permission. Third-party names, developer names, and project names are referenced for identification only and remain the property of their respective owners.
8. Governing law
[Governing law and dispute-resolution forum to be set with counsel — India, with IFSC-specific carve-outs as applicable.]
Last updated: [date to be set on publication].
Grievance Redressal Policy
Participant Technologies is committed to addressing concerns promptly and fairly, in line with the spirit of Indian and IFSCA grievance-redressal norms. This policy will be formalized, and timelines confirmed, before any regulated activity commences.
How to raise a grievance
Send an email describing your concern, with any relevant details, via the contact page. Please include your name, contact details, and a clear description of the issue.
Acknowledgement & resolution
- We aim to acknowledge each grievance within a short, defined period of receipt.
- We aim to resolve or substantively respond within a reasonable, defined period, keeping you informed of progress.
- If a grievance requires more time, we will explain why and provide an expected timeline.
Escalation
If you are not satisfied with the response, you may request escalation to a senior member of the team. Once Participant is authorized and operating within the IFSCA framework, the applicable regulatory escalation channels and any ombudsman mechanism will be published here.
Grievance officer, contact address, and statutory timelines to be appointed and published with counsel before launch.
Disclosures
Regulatory status
Participant Technologies is an early-stage technology company building a platform designed to operate within the IFSCA regulatory framework, including the IFSCA FinTech Regulatory Sandbox. It is not currently registered, authorized, or licensed as a fund manager or financial-services provider. Any authorizations referenced are intended or in process and are described as such. No FME or scheme is authorized as of the date of this site.
No offer or solicitation
Nothing on this website constitutes an offer, solicitation, invitation, or recommendation to buy or subscribe to any security, fund unit, or token, in any jurisdiction.
Asset & market data
References to third-party developers, projects, tenants, prices, rents, and leasing status are market intelligence from Participant's internal GIFT City survey (June 2026), are unverified, may be inaccurate or outdated, and do not imply any agreement, mandate, listing, or relationship with any developer or tenant. No asset shown is under contract unless expressly stated in offering documents. Developer and project names are used for identification only.
Illustrative figures
Any yields, returns, NAVs, or appreciation estimates shown anywhere on this site or in the prototypes are illustrative only, are not promises, and may not be achieved. Past performance is not indicative of future results.
Service providers
Custody, valuation, audit, banking, and technology services are or will be provided by third parties, named only where engagements are confirmed. References to categories of provider do not imply a contracted relationship.
Forward-looking statements
This site contains forward-looking statements about intended structures, features, and timelines. These are subject to regulatory authorization, legal opinion, market conditions, and execution, and may change materially.
Last updated: [date to be set on publication].
Risk factors
Any future investment in a scheme on the Participant platform would carry significant risk, including the loss of all capital. Summary risks include:
- Real-estate & market risk — property values, rents, and occupancy can fall; commercial and residential cycles are unpredictable.
- Illiquidity — units may be difficult or impossible to sell; secondary transfers are a proposed, restricted, sandbox feature and not a guarantee of liquidity.
- No guaranteed income or appreciation — distributions and NAV growth are not promised and may not occur.
- Concentration — a single-asset scheme is exposed to one property, tenant base, and location.
- Valuation / NAV risk — periodic valuations are estimates and may not reflect realisable value.
- Technology, smart-contract & custody risk — tokenization, wallets, and custody introduce operational and security risks.
- Regulatory, legal & tax risk — including the risk that the token is not confirmed as an AIF unit, changes in IFSCA or Indian law, and tax treatment changes.
- Currency / FX risk — USD-denominated exposure to Indian assets carries currency risk.
This is a summary only and not a substitute for the full risk factors in the offering documents.