Terms & Conditions

These Terms of Service (“Terms”) are an agreement between you (“you”) and the team operating Pipeshift (“Pipeshift,” “we,” “us”).

Pipeshift is not an incorporated company and holds no company registration number. If that changes, this page will name the entity and its number. Anyone telling you otherwise, including an earlier version of this page, was wrong.

These Terms cover the Pipeshift website, its documentation, its dashboard, its published SDK and the smart contracts it points at (together, the “Services”). Using any of them means you accept these Terms. If you do not accept them, do not use the Services.

1. What Pipeshift actually is

Pipeshift is settlement infrastructure for tokenized equities on Robinhood Chain. It consists of:

• a canonical asset registry, which records which token represents which security;
• a settlement engine, which moves a security leg and a cash leg in the same transaction or moves neither;
• a netting engine, which collapses many trades between the same parties into one net movement each;
• a direct settlement desk, on which two parties agree terms and settle between themselves with no venue in the middle;
• a read-only dashboard that reads all of the above from the chain, and an open-source SDK.

2. What Pipeshift is not

Pipeshift is not an exchange, a broker, a custodian, a wallet, a trading assistant or an investment manager. It does not match orders, quote prices, hold your assets, execute strategies on your behalf, offer subscriptions, or make recommendations of any kind.

Nothing on the Services is financial, investment, legal or tax advice.

3. Non-custodial by construction

Pipeshift never takes custody of your assets. The contracts move value directly between the parties to a settlement and hold no balance between calls. We cannot move your funds, freeze them, reverse a settlement or recover a transaction you have signed.

You keep sole control of your wallet and your keys. We never ask for a private key or a seed phrase, and any message that does is not from us.

4. The dashboard reads, it does not act

The dashboard queries public chain data and displays it. Connecting a wallet lets it show your own balances and mark your own rows; it grants us nothing and signs nothing.

Two actions ask your wallet to send a transaction: switching to the correct network, and submitting a settlement you have built and reviewed yourself. Each one is shown to you in your wallet before you approve it, and you can decline.

5. The contracts are permissionless

The smart contracts are deployed on a public chain. Once deployed, we cannot stop you or anyone else from using them, and we cannot stop anyone else from doing so either. The direct settlement desk has no owner and no privileged role at all.

The registry has an owner who can list, halt and delist securities. That is the only administrative power in the system, it affects which securities can settle, and it can never move anyone’s assets.

6. Your responsibilities

• Check the terms of a settlement before you approve it. An executed transaction is final.
• Verify contract addresses against the addresses published on this site and on the block explorer.
• Understand that granting a token allowance lets a contract move that token on your behalf, up to the amount you allowed, until you revoke it.
• Comply with the laws that apply to you, including any restriction on trading tokenized securities in your jurisdiction.

7. Risks you accept

Using the Services carries risk that we cannot remove:

• smart contracts can contain defects, including in code that has been tested and reviewed;
• tokenized equities depend on an issuer and a custodian we neither control nor vouch for;
• a counterparty may fail to deliver, in which case a settlement reverts and you pay gas for nothing;
• chains can halt, reorganise or change their rules;
• the value of any asset can fall, including to zero.

You use the Services at your own risk and only with what you can afford to lose.

8. Third parties

The Services display data from parties we do not control, including block explorers, price aggregators and token issuers. We do not warrant that this data is accurate or current, and their terms govern their own services.

9. Fees

Pipeshift charges nothing for the Services. You pay network gas for any transaction you send, directly to the network.

10. Intellectual property

The Pipeshift name and mark belong to us. The source code we publish is licensed under the terms stated in its repository. Third-party marks shown on the Services, including the marks of issuers whose securities are listed, belong to their owners and appear only to identify those securities.

Some visual material on this site arrived with a website template and is not ours. It is being replaced with our own material.

11. Availability

The Services are provided as they are. We may change or discontinue the website, the dashboard or the SDK at any time and without notice. The deployed contracts are not ours to withdraw and will keep running whether or not this website does.

12. Disclaimers

To the fullest extent the law allows, the Services are provided “as is” and “as available” without warranty of any kind, express or implied, including fitness for a particular purpose, merchantability, accuracy and non-infringement.

We do not warrant that the Services will be uninterrupted, error-free or free of defects, or that any figure they display is accurate.

13. Limitation of liability

To the fullest extent the law allows, we are not liable for any indirect, incidental, special, consequential or exemplary loss, or for lost profits, lost assets, lost opportunity or data loss, arising from your use of the Services.

Nothing here excludes liability that cannot lawfully be excluded, including liability for fraud, for fraudulent misrepresentation, or for death or personal injury caused by negligence.

14. Prohibited use

Do not use the Services to break the law, to evade sanctions, to launder money, to attack the Services or their users, to misrepresent yourself as us, or to interfere with anyone else’s use of them.

15. Changes to these Terms

We may update these Terms. The date at the top of this page shows when they last changed. Continuing to use the Services after a change means you accept it.

16. Governing law

These Terms are governed by the laws of England and Wales, and the courts of England and Wales have non-exclusive jurisdiction over disputes arising from them. This is a choice of law only and does not mean Pipeshift is established, incorporated or registered anywhere.

If you are a consumer, nothing here removes any mandatory protection or any right to bring proceedings where you live.

17. General

If any provision is unenforceable, the rest stands. Failing to enforce a provision does not waive it. You may not assign these Terms; we may assign them to a successor. Nothing here creates a partnership, agency or employment relationship. Communications with you may be electronic.

18. Contact

Write to hello@pipeshift.trade.