Vaultz Capital PLC - Registration with Xapo Bank for Custody Services

Press release

24 November 2025

Vaultz Capital plc

("Vaultz Capital", "Vaultz" or the "Company")

Registration with Xapo Bank for Custody Services

Vaultz Capital plc (AQSE: V3TC | FRA: VJ2 | OTCQB: VZTCF), a digital asset operating company, is pleased to announce it has completed onboarding with Xapo Bank ("Xapo"), the Bitcoin-first financial institution, one of the world's earliest and most established Bitcoin custodians and a fully licensed bank offering secure, growth-oriented financial services. The Company will utilise Xapo's institutional-grade custody for the Company's Bitcoin Treasury.

Founded in 2013 and regulated in Gibraltar, Xapo combines institutional banking standards with a proven Bitcoin custody platform. Its custody architecture incorporates segregated vault infrastructure, stringent operational controls and rigorous compliance oversight designed to safeguard client assets with exceptional integrity.

The onboarding with Xapo follows the Company's registration with the digital asset infrastructure company BitGo, announced on 25 September 2025. Distributing digital asset custody among several regulated, insured institutions is recognised as an institutional best practice. This multi-custodian strategy materially mitigates concentration risk while bolstering the protection and durability of the Company's Treasury assets. The framework reflects guidance from prominent institutional investors and underscores the Board's dedication to institutional-quality operational safeguards.

Eric Benz, CEO of Vaultz Capital, commented: "Xapo brings a unique blend of regulated banking discipline and deep Bitcoin custody expertise. Utilising Xapo's platform enhances the strength of our digital asset treasury and supports our long-term strategy to manage our bitcoin reserves with the highest level of security and institutional oversight."

This announcement contains inside information for the purposes of the UK Market Abuse Regulation. The Directors take responsibility for its release.

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About Vaultz Capital plc

The Company is an operating company and intends to build a scalable, revenue-generating business through participation in the Bitcoin network infrastructure. Initially this will focus on acquiring exposure to Bitcoin hashrate via Bitcoin cloud mining.  The Company is exploring multiple routes to access hashrate, including the direct acquisition of mining hardware and indirect arrangements with established operators. These mechanisms are intended to provide the Company with ongoing exposure to Bitcoin block rewards and transaction fees, forming the core of the Company's commercial activity. While the Company also maintains a Bitcoin treasury policy, its primary business is operational in nature, centred around infrastructure participation within the Bitcoin ecosystem.

About Xapo Bank

Xapo Bank is a Gibraltar regulated digital banking app specializing in banking and investment services for Bitcoin and USD. The Xapo Bank app seamlessly combines institutional-grade infrastructure with consumer-friendly technology, enabling clients worldwide to hold, send, and earn yield on their USD and digital-asset portfolios.

Important Notices

The Company intends to hold treasury reserves and surplus cash in Bitcoin. Bitcoin is a type of cryptocurrency or cryptoassets. Whilst the Board of Directors of the Company considers holding Bitcoin to be in the best interests of the Company, the Board remains aware that the financial regulator in the UK (the Financial Conduct Authority or FCA) considers investment in Bitcoin to be high risk. At the outset, it is important to note that an investment in the Company is not an investment in Bitcoin, either directly or by proxy and shareholders will have no direct access to the Company's holdings. However, the Board of Directors of the Company consider Bitcoin to be an appropriate store of value and potential growth and therefore appropriate for the Company's reserves. Accordingly, the Company is and intends to continue to be materially exposed to Bitcoin. Such an approach is innovative, and the Board of Directors of the Company wish to be clear and transparent with prospective and actual investors in the Company on the Company's position in this regard.

The Company is neither authorised nor regulated by the FCA, and the purchase of certain cryptocurrencies (such as Bitcoin) are generally unregulated in the UK. As with most other investments, the value of Bitcoin can go down as well as up, and therefore the value of the Company's Bitcoin holdings can fluctuate. The Company may not be able to realise its Bitcoin holdings for the same as it paid to acquire them or even for the value the Company currently ascribes to its Bitcoin positions due to  market movements. Neither the Company nor investors in the Company's shares are protected by the UK's Financial Ombudsman Service or the Financial Services Compensation Scheme.

Nevertheless, the Board of Directors of the Company has taken the decision to invest in Bitcoin, and in doing so is mindful of the special risks Bitcoin presents to the Company's financial position. These risks include (but are not limited to): (i) the value of Bitcoin can be highly volatile, with value dropping as quickly as it can rise. Investors in Bitcoin must be prepared to lose all money invested in Bitcoin; (ii) the Bitcoin market is largely unregulated. There is a risk of losing money due to risks such as cyber-attacks, financial crime and counterparty failure; (iii) the Company may not be able to sell its Bitcoin at will. The ability to sell Bitcoin depends on various factors, including the supply and demand in the market at the relevant time. Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay; and (iv) cryptoassets are characterised in some quarters by high degrees of fraud, money laundering and financial crime. In addition, there is a perception in some quarters that cyber-attacks are prominent which can lead to theft of holdings or ransom demands. Prospective investors in the Company are encouraged to do your own research before investing.

Forward-looking statements

Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Company's current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions are intended to identify forward-looking statements. These statements are not a guarantee of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company's control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. The Company cautions security holders and prospective security holders not to place undue reliance on these forward-looking statements, which reflect the view of the Company only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.