Roxom is a licensed DASP regulated by the CNAD in El Salvador under LEAD. Collateral is held in segregated accounts, legally separated from Roxomâs balance sheet. Liquidations are automatic and non-appealable by design, to protect the user in 24/7 markets. If collateral doesnât cover the debt in an extreme event, Roxom absorbs the shortfall. The user is never left with residual debt.
Quick facts
| Item | Value |
|---|
| Regulatory license | DASP (CNAD, El Salvador) |
| Regulatory framework | LEAD, Article 19(a) |
| Collateral segregation | Yes |
| Lent out or rehypothecated | No |
| Liquidation | Automatic, non-appealable |
| Residual debt for user | None. Roxom absorbs shortfall. |
| Bank-deposit-equivalent insurance | No |
What happens if Roxom goes under? Do I get my BTC back?
Collateral is held in segregated accounts, which are not part of Roxomâs general balance sheet. In an insolvency event, treatment of segregated collateral is governed by applicable law and the Terms and Conditions.
This is not the same as a bank deposit and carries no equivalent guarantee. Segregation exists precisely to separate the userâs asset from the companyâs. This is a real risk, documented in product disclaimers, that users must understand before opening a loan.
Liquidation is automatic and non-appealable. Isnât that too aggressive?
It is a deliberate design choice.
In 24/7 digital asset markets, execution speed protects the user. Liquidating sooner returns more residual collateral than liquidating after a deeper drop.
The escalation system (margin call at 70% LTV, then partial liquidation at 80% LTV) provides multiple intervention points. Automation eliminates the risk of delayed or discretionary human intervention.
The user accepts this logic explicitly in the Terms and Conditions.
What does it mean that collateral can be placed with institutional partners? Does my BTC leave Roxom?
Your BTC may be held with one of Roxomâs regulated institutional liquidity partners as part of the funding structure.
What does not change:
- Your collateral is held in a segregated account, legally isolated from the partnerâs own assets.
- Neither Roxom nor the partner can lend your collateral out or use it to generate yield.
- Segregation means your BTC is protected even if the partner faces financial difficulty.
Does this product have regulatory backing in El Salvador?
Yes. Roxom is a licensed DASP regulated by the CNAD under LEAD. The product was formally notified to the CNAD with complete documentation.
Regulatory basis: Article 19(a) of the LEAD, which authorizes DASPs to conduct digital asset operations using their own capital. Active dialogue with the Commission is ongoing.
What if BTC crashes and the collateral isnât enough to cover the debt?
You are not left with residual debt. If in an extreme event the liquidated collateral doesnât cover the total debt, Roxom absorbs that loss.
This content is for informational purposes only and does not constitute investment advice. Trading digital assets involves significant risk, including the potential loss of your entire investment. Please review our Risk Notice before trading. Last modified on June 10, 2026
