Ematia Limited owns two operating brands and governs them at arm's length. This page sets out how ownership works, where each brand stands with its regulators, how client funds are treated, and the conditions a brand has to meet before it moves forward.
Ematia Limited is a private company registered in England and Wales under number 14798473. It holds Pegasus Alfa and Serafim Global outright. The parent allocates capital, appoints management and sets the rules below. It does not trade, does not hold client money, and is not itself a regulated firm.
Funds each brand, approves its mandate and scope, appoints and removes its management, and holds the authority to stop a launch. Group-level policy on separation, safeguarding and disclosure is set here and is not negotiable at brand level.
Does not itself operate client banking or e-money services or hold customer funds. Pegasus Alfa's account and card services are subject to the terms of the relevant regulated partner banks and EMIs. Ematia Limited is not the regulated account or card provider.
They are numbered because the order matters. Separation is a precondition for authorisation, and authorisation is a precondition for launch. A brand cannot pass the third by arguing about the first.
Pegasus Alfa and Serafim Global share an owner and nothing else. Different clients, different regulators, different ledgers, different terms.
Neither brand trades on the other's name, is presented as part of the other, or relies on the other's permissions. Client data does not move between them. Ematia Limited's other interests are not associated with either brand.
Regulated activities require the appropriate permissions. Pegasus Alfa makes its Burgundy Virtual Mastercard and account offering available in collaboration with regulated bank and EMI partners, while its own FCA application remains pending. The legal provider and applicable terms depend on the product and jurisdiction.
Moving a system from test to live is treated as a regulatory event with its own approval, not as a configuration change an engineer can make.
Each phase of a rollout opens only when the conditions for it have been verified. A launch date is the outcome of passing a gate, never a reason to skip one.
Commercial pressure is not a condition. If a gate is not met, the phase waits, and the parent expects to be told rather than managed around.
Stated plainly, including where permission has not yet been granted. Nothing below should be read as a claim to hold a permission that is still pending.
Customer money must remain separate from group operating funds. The protections applying to a particular account or payment product depend on the regulated bank or EMI providing it and the governing terms.
The responsible regulated provider applies the safeguarding or deposit protection regime appropriate to the product and jurisdiction. Customer balances are not treated as Ematia Limited operating cash; provider terms identify the applicable arrangements and protections.
Fees are recorded distinctly from customer balances and are handled under the applicable account and service terms. A fee entry is not treated as money available for general operating use until it is properly earned and settled.
A Serafim Proof Record attests that a verified trade event occurred. It is non-fungible, non-transferable and has no market. It is evidence, not an asset, and is not offered as one.
SERA is capped at 1,000,000,000 units, earned against verified attestation and transferable only between approved counterparties. Founder allocation is 10%: half a non-transferable, slashable operating bond, half held in treasury under external co-signature.
The pattern below governs Serafim Global's rollout and is applied to Pegasus Alfa in the same spirit. A phase is a state the business is in, not a quarter in a plan.
Build and verify in a closed environment. Counterparties are named, volumes are bounded, and nothing settles for value.
Live attestation with a limited set of verified counterparties. Records are created against real trade events; the utility layer stays closed.
Utility opens to approved counterparties under permissioned transfer, once the attestation record has held up in production.
Wider counterparty admission, subject to the regulatory position in each jurisdiction being settled rather than assumed.
Group governance, regulatory and compliance enquiries reach the parent directly. Complaints about a service reach the brand that provides it, under that brand's own complaints procedure.