Multi-currency at Splint Invest: How does it work?

Your base currency is fixed

When you sign up, you choose one base currency for your account: EUR, CHF or GBP. All your top-ups, investments, trades and withdrawals are then handled exclusively in that currency.

Please note that changing the base currency later isn’t possible.

Impact of multiple currencies for new releases

All assets are available to all investors, independently of the base currency of their account. However, when we release a new asset on the primary market, we use EUR as the base to define how many Splints are issued.

Example:

• Total asset value = 100,000 EUR
• 2,000 Splints with a price of 50.00 EUR per Splint are issued.
• Then, we set the Splint price in each currency based on the interbank spot exchange rate of the acquisition date of the asset, for example:
  • EUR 50.00
  • CHF 48.60
  • GBP 43.10

As long as Splints are sold on the primary market, these prices are fixed and don’t change.

Monthly valuation of Splints in multiple currencies

Key understanding: In principle, the assets themselves don’t have a specific currency exposure — they are simply physical assets.

Once you have invested, there is no fixed correlation with the purchase currency of the asset anymore. Instead, your investment depends on the currency in which the underlying asset is ultimately sold at the exit.

Each month, we update the asset’s valuation based on the latest market data. FX changes are not part of the valuation mechanics — we treat the exchange rate as unchanged for the valuation.

Example:

If the value of the asset rises by +10%, the displayed Splint value in each currency also moves +10% from its issuance-day level. We are using the same FX basis as at issuance, since the sale currency will only be determined at the asset’s exit and therefore does not change before then.

Trading on the marketplace

For each trading window, we set the FX rates based on the interbank spot exchange rates.

Sellers create offers in their own base currency; we then show the corresponding amount in the other currencies so buyers can purchase in the currency of their accounts.

Offer boundaries (min/max) are based on the seller’s currency. Because of FX, some offers may appear outside a buyer’s threshold.

Exit: When the underlying asset is sold

When we sell the underlying physical asset, the sale happens in one currency, the currency of the sale. Important: This can be any currency and depends on the buyer on the market.

We then translate proceeds based on the interbank spot FX rates into the other currencies. Because FX at the exit date can differ from issuance or past trading windows, performance shown across currencies may differ.

Example:

• The asset gets exited e.g. in 120,000 USD
• Example for CHF, given that USD/CHF exchange rate is 0.90:
  • Sale amount at exit is 108,000 CHF divided by 2,000 Splints
  • → 54.00 CHF per Splint

Top-ups and withdrawals

Payment instructions can differ by currency; you’ll see the right details in the app based on the currency of your account. Withdrawals are always paid out in the base currency of your account.

Tip: Using a receiving bank account in the same currency usually avoids FX or charges which your bank may apply.

A quick end-to-end example

Release day:

• A watch is launched at 100,000 EUR total → 2,000 Splints at EUR 50.00.
• The issue prices of a Splint are set using that day’s FX: EUR 50.00, CHF 48.60, GBP 43.10

Monthly valuation:

• The watch appreciates +10%. Displayed values become EUR 55.00, CHF 53.45, GBP 47.41 (+10% across all currencies).
• FX basis remains unchanged for the valuation step as the asset can be sold in any currency at the exit.

Marketplace:

• Sellers create the offer in their own currency.
• The system then shows the offer converted to the currency of the buyer.

Exit:

• We sell the underlying asset e.g. for 120,000 USD.
• The proceeds are then converted and paid out in your base currency.
• Example for CHF, given that USD/CHF exchange rate is 0.90: Sale amount at exit is 108,000 CHF divided by 2,000 Splints → 54.00 CHF per Splint

What to remember:

• Choose EUR, CHF or GBP at sign-up; everything you do uses that currency.
• All assets will be available to you, your account currency does not matter.
• New assets are released in EUR, then priced across currencies using the FX on release day and kept fixed until all Splints are sold out on the primary market.
• Monthly valuation updates ignore FX changes as the underlying asset can be sold in any currency at the exit.
• On the marketplace, sellers list in their currency; buyers buy in their currency.
• At exit, proceeds are converted using interbank spot FX rates of the selling date.

If you would like to use another base-currency for investing, we will soon share details of the upcoming migration option with you. In the meantime, you can create a support request with the subject “change currency” through the app, and we will register your interest accordingly.

We wish you lots of fun investing in your preferred currency!