1. What happens to my PRYPCO Blocks investments in the event of death or inheritance?
PRYPCO Blocks follows applicable DIFC and DFSA regulatory requirements and relevant UAE laws when managing investments affected by life events, including inheritance, investor passing, and beneficiary considerations.
2. Can I add beneficiaries to my PRYPCO Blocks account?
At this time, it is not possible to add beneficiaries (such as a spouse, son, or daughter) directly to a PRYPCO Blocks account.
Under DFSA regulatory requirements, each investor must hold an approved individual account. As a result, PRYPCO Blocks does not currently support beneficiary designations or direct transfers between accounts, including to family members or heirs.
3. What happens to my investments if I pass away?
In the event of an investor’s passing, investments held on PRYPCO Blocks are governed by the inheritance laws determined by the competent court or authority, which may depend on the investor’s nationality, domicile, religion, or applicable DIFC and UAE laws.
PRYPCO Blocks does not determine or override inheritance outcomes. Instead, the process follows:
Local inheritance and estate laws
Official legal documentation issued by the relevant authorities (e.g. court orders, inheritance certificates)
Instructions from the legally appointed executor or representative
4. Can my investments be transferred to my heirs?
Direct transfers of investments between PRYPCO Blocks accounts are not permitted, even for inheritance purposes.
Any actions taken on the investment (such as liquidation, continuation, or distribution of proceeds) must comply with:
DFSA regulatory requirements
Applicable inheritance laws
Approved legal documentation
PRYPCO Blocks will support the process procedurally, subject to regulatory and legal requirements, once the required documents are provided and verified.
Legal and tax disclaimer
PRYPCO Blocks is not permitted to provide legal or tax advice.
We strongly advise all investors to consult qualified legal and tax professionals to:
Understand how their investments would be treated in the event of death
Ensure inheritance planning complies with local laws and regulations