Company: FLDDW
Filing Date: 2025-07-28
Form Type: S-1/A
Source: 0001213900-25-068264
Chunk: 178

Company: Fold Holdings, Inc.
Filing Date: 2025-07-28
Form: S-1/A
Chunk 178
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 Fold Card can be used on the Visa Network (“Payment Network”) to spend funds wherever Visa is accepted. Sutton Bank— USD funds deposited in the Fold Checking Account and available to fund purchases using the Fold Card are held at Sutton Bank, an FDIC -insuredbank. As long as specific deposit insurance requirements are met, Fold customer funds held at Sutton Bank are insured up to $250,000 by the FDIC in the event Sutton Bank fails. Fold does not directly hold or control any of its customers’ USD funds. Bitcoin Service Providers —Fold partners with Fortress Trust LLC, a Nevada -charteredtrust company (“Fortress”), and BitGo Trust Company, Inc., a South Dakota -charteredtrust company (“BitGo”) (collectively, the “Bitcoin Service Providers”), to offer eligible customers the ability to buy, sell, store, and withdraw Bitcoin through Fold. These Bitcoin Service Providers are both qualified custodians, meaning they are qualified under applicable state banking, payments or trust laws to custody digital assets, that offer institutional -gradecustody, liquidity, and security solutions for digital assets, specializing in multi -signaturewallets and cold storage services for bitcoin. Additional information with respect to the Bitcoin Service Providers’ respective qualifications under applicable law can be found online at https://fortresstrust.com/licenses, with respect to Fortress, and https://www.bitgo.com/company/licenses, with respect to BitGo. Fold does not directly hold or control any of its customers’ digital assets. Merchant Networks— Fold partners with a number of merchant offer wholesalers and direct merchant relationships to offer gift cards, card -linkedoffers, and other affiliate offers from time to time. Fold has established an extensive partnership network across multiple vendors to provide customers with an extensive number and quality of merchant offers, and we regularly review new and existing partnerships to optimize our offers network. Our Strategy First Mover Advantage Fold has identified what we believe to be a unique opportunity in the market to provide bitcoin -nativespecialty financial services that are currently underrepresented by incumbent financial service providers. Fold’s products are built on bitcoin, for bitcoiners, by bitcoiners. In contrast to exchanges with hundreds of cryptocurrencies, capital -intensivemining businesses, and high -feeETFs, Fold provides a user -friendly, low -barrierentry point to bitcoin via financial products that users are already familiar with. Our product offerings are also diverse, offering customers more utility than just an exchange product. As an early entrant to this space and the first company