Last updated: 20/08/2026
1. Corporate & Regulatory Status
Scintilla Network FZE (“Scintilla”, “we”, or “us”) is a Virtual Asset Service Provider (“VASP”) incorporated in Dubai, United Arab Emirates (License No. L-2465).
Scintilla is licensed and regulated by the Dubai Virtual Assets Regulatory Authority (VARA) under VARA Licence Reference Number: VL/23/07/003 to provide Virtual Asset Broker-Dealer Services.
Please note: Scintilla is currently operating exclusively under its VA Broker-Dealer Licence. VA Exchange Services disclosures and operational features will be published upon future activation of the Exchange licence. No Virtual Assets are currently admitted/brokered.
2. Designated Responsible Individuals (RIs) & Contact Information
In accordance with VARA requirements, Scintilla’s approved Responsible Individuals are:
• Tim Popplewell – Executive Director & CEO | Email: tim@scintillanetwork.com
• Roland Danielczyk – Chief Compliance Officer & MLRO | Email: roland@scintillanetwork.com
General & Regulatory Inquiries:
Email: compliance@scintillanetwork.com
Phone: +971047700495
3. Virtual Asset Assessment & Information Framework
Prior to offering broker-dealer services, providing quotes, or executing orders for any Virtual Asset (VA), Scintilla conducts comprehensive due diligence examining market capitalization, liquidity, tokenomics, smart contract security audits, issuer background, and regulatory status.
Status: Scintilla is currently in a pre-operational setup phase. No Virtual Assets are actively offered, quoted, or brokered as of the date of this disclosure.
Upon operational activation of any Virtual Asset, a dedicated asset profile containing the mandatory disclosures required under VARA Broker-Dealer Rulebook I.B.1.c will be published prior to client trade execution:
4. Pricing Methodology & Order Routing Practices
Quotes provided to clients for Broker-Dealer transactions are derived from real-time aggregated liquidity from primary market venues. Quoted prices reflect fair market value, including any applicable spreads and fees disclosed prior to transaction execution.
Orders are executed in line with Scintilla’s Best Execution Policy. If 20% or more of client order volume is routed to any single external liquidity venue or provider, Scintilla will explicitly identify such provider on its platform.
5. Client Asset Safeguarding & Inter-VASP Disclosures
Client fiat funds and Virtual Assets are held strictly segregated from Scintilla’s proprietary capital and operational accounts. Client balances are reconciled daily.
Fiat reserves are held with Central Bank of the UAE (CBUAE) licensed banking partners (Zand Bank), and Virtual Asset custody is facilitated via VARA-regulated custody partners (HEX Trust).
Scintilla does not hold client funds or Virtual Assets or provide clearing services on behalf of other VASPs, unless explicitly disclosed under a separate regulatory agreement.
6. Conflicts of Interest & Referral Fees
Scintilla maintains robust arrangements to identify, monitor, and manage conflicts of interest. Any material conflicts are disclosed to clients prior to service execution.
Details of any referral arrangements, placement fees, commissions, or non-monetary benefits received by Scintilla in connection with broker-dealer services are transparently disclosed to impacted clients.
7. Client Complaints Handling Policy
Scintilla is committed to resolving client concerns fairly and transparently:
Complaints are formally acknowledged within 2 business days of receipt.
A detailed response or resolution status is provided within 30 calendar days.
If a client remains unsatisfied with the final resolution, they retain the right to escalate the matter directly to VARA.
Submissions:
Email: compliance@scintillanetwork.com
Phone: +971047700495
8. Official Risk Disclosure & Warning Statement
RISK WARNING: Virtual assets are highly volatile, speculative, and carry a high degree of financial risk. Prices can fluctuate wildly and rapidly, and assets may lose their entire value.
Virtual asset products and services offered by Scintilla are not covered by any central bank deposit protection scheme, compensation scheme, or government investor protection fund in the UAE or any other jurisdiction.
Trading or holding virtual assets may not be suitable for all individuals. You should carefully consider your risk tolerance, financial position, and investment objectives before engaging in virtual asset transactions. Independent financial, tax, and legal advice should be sought where appropriate. Scintilla does not provide investment advice.
