First learn what a trust is and most importantly what is not.Right now, I’m starting an AI SaaS Hopefully, I’ll be in a position to go for the trust option later!
Yes, though only for the crypto card spend and that works well. I tried the other features but I do not have a utilisation for them.Are you a client? Or do you base this opinion just on their website?
UniTrust = UTGL, I presume?Lol.
I must give it to you, you're good at bringing down a business, but this analysis is not really reasonable.
UniTrust is not a tiny company (albeit only about 5 years old). They raised over $11M USD for launching and expanding the trust solution throughout their Seed and Series A. If OP was the owner, I'd congratulate them on their skills at dealing with VCs.
How exactly are you getting fooled by a guy asking for reviews of a regulated trust company?
Unlike the other members, I will give you a reasonable analysis.
It is a decent service but not effective for all applications. Do not except to use it to hide your assets away because this company is participating in the CRS scheme.
It is likely to be useful for:
- getting a virtual bank account in Hong Kong, Singapore, and the US (you choose which, and you can get all of them)
- getting a good quality credit card (either MC World or MC World Elite) which can also be linked to digital assets
- custodying your crypto (this is not for everyone but may have some reason for it) at an institutional trustee
- investing your fiat and crypto into bonds, staking, lending, some assets they offer
- deciding who will get your assets when you pass
It will not be useful for avoiding taxes in your home country (well, theoretically, it can be but this depends on your exact scenario) and it will not really protect you from lawsuits/courts in the traditional sense of a trust - for that, you'd need to lose practically all access to transaction-making, and you wouldn't be able to spend from your asset-linked card.
Nevertheless, it is not a particularly bad option. Just be careful with any service you use. Don't put all your eggs in one basket.
New user, first post with an embedded link using a keyword! If you rely on backlinks and Google ranking to run your business, be assured I wouldn’t touch you with a ten-foot pole!
Lol.
I must give it to you, you're good at bringing down a business, but this analysis is not really reasonable.
UniTrust is not a tiny company (albeit only about 5 years old). They raised over $11M USD for launching and expanding the trust solution throughout their Seed and Series A. If OP was the owner, I'd congratulate them on their skills at dealing with VCs.
How exactly are you getting fooled by a guy asking for reviews of a regulated trust company?
Unlike the other members, I will give you a reasonable analysis.
Correct, UTGL stands for UniTrust Global Limited; they have a trust license and money lender license in HK and they are working with a few banks for the accounts. As I understood, crypto is custodied with Fireblocks and fiat is in a safeguarding account at DBS.UniTrust = UTGL, I presume?
There is info about them on Company and on the UniTrust site.Unfortunately, there really is a very little amount of information about this company at https://www.utgl.net/.
What do you refer to exactly?Legal section missing completely (if I see well); and it really looks suspicious.
This is a fair point, yes, there are cases when advertising is disguised as a good faith request for reviews. I don't think this is the case here.I understand both positions. It is true, unfortunately, that from time to time we can see here similar posts – formally being questions or calls for advice but really just intending to promote a service. I, personally, tend rather to believe people in such cases; but anyone's mileage may vary. @ilke had apparently an advantage of the knowledge of the compay mentioned
Anyway, I am glad to see that this case proved to be well meant / in a good faith.
Good to know.Correct, UTGL stands for UniTrust Global Limited; they have a trust license and money lender license in HK and they are working with a few banks for the accounts. As I understood, crypto is custodied with Fireblocks and fiat is in a safeguarding account at DBS.
Good to know, tooI must admit I do not have enough experience to provide an overall review but I did not detect any problems except a few bugs on the dashboard
See below...and I think it is unfair to completely knock them down without testing or seeing something inherently negative.
I went through this before posting. To be honest, I see there something that just resembles a standard marketing BS with a (FMPOV) suspicious LICENSE AND REGULATORY section (UTGL Trust Platform is powered by UTGL Network – no company names, addresses...) Also The executives section is, say, specificThere is info about them on Company
May be – but I see literally no information that UTGL is somehow linked to UniTrust; and I am just a simple countryman, lacking the background knowledge...and on the UniTrust site.
Well, I am accustomed to see some section offering the legal documents, beginning with TOS and going through company address etc. e.g. to company licences. Missing. There are Terms & Conditions at https://www.utgl.net/terms-and-conditions but this is looking rather like a joke – no legal name of the other party (just UTGL), no jurisdiction, etc. As I have said, quite suspicious from my perspective (probably unfortunatelyWhat do you refer to exactly?
TBH, neither did I even from the beginning. In this case..This is a fair point, yes, there are cases when advertising is disguised as a good faith request for reviews. I don't think this is the case here.
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