Updated February 2026
These Terms and Conditions ("Terms") govern your use of the Lomalo digital wallet application ("Lomalo" or "the App"). By downloading, installing, or using Lomalo, you agree to be bound by these Terms. If you do not agree, do not use the App.
"Lomalo" or "the App" means the Lomalo digital wallet application, a brand and marketing name operated by Lomalo Labs.
"Lomalo Labs" is a doing-business-as (dba) entity of MIBOND Global LLC, a Delaware limited liability company. MIBOND Global LLC is the sole legal entity responsible for the App, its data, and its operations.
"We," "Us," and "Our" means Lomalo Labs, the operator of Lomalo.
"You" or "Your" means the individual user who downloads, registers, or uses Lomalo.
"USDM1" means the sovereign digital bond issued by the Government of the Republic of the Marshall Islands, fully collateralized by short-term U.S. Treasury securities. Each USDM1 token represents a claim on the underlying portfolio of U.S. Treasury securities. USDM1 is classified as a security and is subject to applicable securities laws.
"Supported Assets" means U.S. dollar-denominated digital assets supported by the App, which may include USDM1 or third-party issued dollar-denominated stablecoins like USDC. The types of Supported Assets may change from time to time at Our discretion.
Lomalo is a technology platform that provides a non-custodial digital wallet for managing Supported Assets. Lomalo is a technology service provider and does not itself hold, transmit, custody, or exercise control over Your funds or digital assets. You retain sole ownership of and responsibility for all assets held in Your wallet at all times.
Because Lomalo is non-custodial, You are solely responsible for maintaining the security of Your private keys, recovery phrases, and access credentials. If You lose access to these, We cannot recover Your funds. There is no mechanism for Us to reverse, cancel, or modify transactions once they have been submitted to the applicable network.
Lomalo does not provide financial, investment, legal, or tax advice. Nothing in the App or these Terms should be construed as such.
These Terms govern Your use of Lomalo only. They do not replace or alter any agreement You have with Your bank, payment provider, or any government entity. Certain services or features accessible through Lomalo may be subject to additional terms, eligibility requirements, or agreements imposed by third parties, including government agencies. Those additional terms govern the applicable service and are independent of these Terms.
Lomalo is available to individuals aged 13 and older worldwide. Users between the ages of 13 and 18 must have consent from a parent or legal guardian to use the App. When registering, You must accurately specify Your country of origin and provide truthful information.
Certain features, services, or programs accessible through Lomalo may have additional eligibility requirements established by third parties, including government agencies. Eligibility for such features is determined solely by the applicable third party and not by Lomalo.
You may not use Lomalo for any unlawful activity, including money laundering, terrorism financing, fraud, sanctions evasion, or any other prohibited conduct under applicable law.
Certain features of Lomalo may require identity verification, including know-your-customer (KYC), anti-money laundering (AML), and customer due diligence (CDD) checks. These checks are performed by third-party service providers on Our behalf or on behalf of the applicable service provider. By using features that require identity verification, You consent to the collection, processing, and sharing of Your personal information with such third-party verification providers for these purposes.
Lomalo does not directly perform identity verification. We are not responsible for the accuracy, completeness, or security of verification processes conducted by third-party providers, though We take reasonable steps to engage reputable providers.
6.1 General Risks. Lomalo may support third-party digital assets, including stablecoins such as USDC. Third-party digital assets involve risk. You acknowledge and accept the following risks with respect to third-party digital assets:
6.2 USDM1 Specific Disclosures. USDM1 is a sovereign digital bond issued by the Government of the Republic of the Marshall Islands. Each USDM1 token represents a claim on an underlying portfolio of short-dated U.S. Treasury securities. USDM1 is contractually redeemable at 100% of its principal amount plus accrued interest, and in the event of a collateral shortfall, the Republic of the Marshall Islands is obligated to deposit additional funds to cover the difference. USDM1 is classified as a security under applicable law. You acknowledge and agree that:
You agree to:
We may suspend, restrict, or terminate Your access to Lomalo at Our discretion, including for reasons of fraud or suspected fraud, misuse of the App, compliance or technical risks, or failure to comply with these Terms. Because Lomalo is non-custodial, suspension or termination of Your account does not affect Your ownership of assets held in Your wallet, though it may affect Your ability to access certain features of the App.
You may stop using Lomalo at any time by deleting the App. Deletion of the App does not affect digital assets held in Your wallet, which remain accessible through Your private keys or recovery phrase.
Lomalo is currently provided free of charge. We reserve the right to introduce service fees in the future, with advance notice provided to You in accordance with applicable law. Network transaction fees (such as blockchain gas fees) may apply to certain transactions and are not charged by or paid to Lomalo.
By using Lomalo, You agree that We may collect and process the following: usage data tied to Your account and transaction history, and device and technical data needed to operate the App. We may share this information with government authorities in the Republic of the Marshall Islands, international agencies as required by Marshall Islands law (including for AML, CFT, and CDD purposes), and third-party identity verification providers as described in Section 5.
We take reasonable measures to protect Your information. However, You acknowledge that transmission over digital networks carries inherent risk, and We cannot guarantee complete security. Our data practices are further described in Our Privacy Policy, which is incorporated into these Terms by reference.
Lomalo and all related trademarks, logos, software, designs, and content are the property of MIBOND Global LLC or its licensors. We grant You a limited, non-exclusive, non-transferable, revocable license to use the App for its intended purpose, subject to these Terms.
You may not copy, modify, distribute, reverse engineer, decompile, or create derivative works from the App or any of its components without Our prior written consent.
Lomalo may experience interruptions due to scheduled maintenance, software updates, blockchain network congestion or outages, third-party service provider failures, or events beyond Our reasonable control, including natural disasters, acts of government, cyberattacks, or infrastructure failures. We are not liable for losses or damages resulting from such interruptions. Because Lomalo is non-custodial, service interruptions do not affect the existence or ownership of Your digital assets, only Your ability to access them through the App.
LOMALO IS PROVIDED "AS IS" AND "AS AVAILABLE." WE MAKE NO WARRANTY THAT THE APP WILL BE ERROR-FREE, UNINTERRUPTED, SECURE, OR THAT IT WILL MEET YOUR REQUIREMENTS. WE DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, WE ARE NOT LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING LOST PROFITS, LOST DATA, OR LOSS OF DIGITAL ASSETS, ARISING FROM OR RELATED TO YOUR USE OF LOMALO.
OUR TOTAL AGGREGATE LIABILITY TO YOU FOR ANY CLAIM RELATING TO LOMALO SHALL NOT EXCEED THE GREATER OF (A) THE AMOUNT OF FEES YOU PAID US IN THE 12 MONTHS PRIOR TO THE CLAIM, OR (B) ONE HUNDRED U.S. DOLLARS ($100).
You agree to indemnify, defend, and hold harmless MIBOND Global LLC, Lomalo Labs, and their respective officers, directors, employees, and agents from any claims, damages, losses, liabilities, and expenses (including reasonable legal fees) arising from Your use of Lomalo, Your violation of these Terms, or Your violation of any applicable law.
These Terms are governed by and construed in accordance with the laws of the Republic of the Marshall Islands, without regard to conflict of law principles. Any dispute arising from or relating to these Terms or Your use of Lomalo shall be resolved exclusively in the courts of the Republic of the Marshall Islands. You consent to the personal jurisdiction and venue of such courts.
We may update these Terms from time to time. If We make material changes, We will provide reasonable notice within the App or by other means permitted by law. Continued use of Lomalo after changes take effect constitutes acceptance of the revised Terms. If You do not agree to the revised Terms, You must stop using the App.
If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.
These Terms, together with Our Privacy Policy, constitute the entire agreement between You and Lomalo Labs regarding Your use of the App and supersede any prior agreements or understandings.
For questions, disputes, cancellation requests, or other matters, You may contact Us at: