What Nova is today

Version 1.3 · Effective 8 October 2026 · Applies to novacard.us and the Nova iOS app preview

This disclosure is published by Nova Finance LLC (in formation), a New Jersey limited liability company whose formation filing is in progress, which operates under the brand name Nova (“Nova”, “we”, “us”). It sets out what exists today, what is simulated, and the risks you should understand before relying on anything you read about Nova. If any other page, message or screen conflicts with this one, this page governs.

1. Status of each capability

The table below is complete as of the effective date above. If a capability is not listed, it does not exist.

Capability	Status today
Legal entity	Nova Finance LLC, New Jersey. In formation: the filing has not yet completed.
Banking charter	None
Money-transmission license	None
Card issuer	None under contract. A provider has been selected, but no agreement has been signed. In the app, the card runs on a simulated implementation.
Custodian for cryptoassets	None under contract. A provider has been selected, but no agreement has been signed. Custody is simulated.
Identity verification (KYC)	None. The verification screens exist, but the checks are simulated.
Real money movement	None. No real money has ever moved.
Real crypto custody	None. We have never held a customer asset.
Billing and subscriptions	Not live. Plans are published as proposals only. Nothing is charged and no payment method is collected.
Deposit insurance	None, and none applies, because there are no deposits.
Accounts and sign-in	Live. Email address and password, with a six-digit code to confirm the account. Two-factor authentication is available.
Waitlist	Live. We store the following, solely so that we can write to you: your email address, the plan you selected, your referral codes, and the campaign parameters in the link you followed. If you used the cost calculator, we also store the spend, stablecoin mix and plan it suggested, together with your device class and browser timezone. We collect no IP address, no location, no advertising identifiers, and no analytics or tracking of any kind. We will delete any of it on request.
Market prices in the app	Live market data, shown for information only. These are not executable quotes.
iOS app	Working preview. The complete product experience, with simulated financials throughout.

2. What “simulated” means

Simulated does not mean a mock-up. The app runs a complete working model: a card that authorises and settles, an event-sourced ledger, cost-basis accounting, and fee and rate-guard logic. The calculations are real. What is not real is the money they are applied to. Every service that would touch an actual asset sits behind a defined software boundary with a simulated implementation in its place. That covers the card issuer, the custodian, the liquidity venue and the identity provider.

This architecture is deliberate. It lets us replace each simulated service with a regulated provider without rebuilding the product, and it lets us show you exactly how Nova will work before any real money is involved.

3. Risk disclosures

3.1 Nova is at an early stage

Nova is a pre-launch company. It is funded by its founders and has no outside investors. There is no assurance that Nova will launch, or that it will continue to operate. Joining the waitlist costs you nothing beyond your email address, and that is all it should be taken to involve.

3.2 Nothing described on this site is a commitment

Prices, plans, fees, card designs, supported assets and features describe a product in development. Several fundamental decisions remain open, including the custody model, the licensing jurisdiction and the card-issuing arrangement. Any of them could change the product materially.

3.3 Cryptoassets are volatile and may be unregulated

If Nova launches, the product will involve cryptoassets. Their value can fall sharply and you could lose money. Cryptoassets are not covered by deposit-protection schemes such as FDIC insurance in the United States or the FSCS in the United Kingdom. In many jurisdictions they are not regulated at all. Past performance is not a guide to future performance.

3.4 Nothing here is advice

Nothing on this site or in the app is investment, tax, legal or financial advice, or a recommendation to buy, sell or hold any asset. The tax figures in the app illustrate a calculation. They are not a tax return and must not be relied on as one.

3.5 Simulated data is stored on your device only

Your simulated history is held on your device. We keep no backup and cannot restore it, and deleting the app deletes it.

4. Our standard for public statements

Every public statement we make must be accurate. We do not describe Nova as “FDIC insured”, “licensed”, “regulated”, “chartered”, “guaranteed” or “protected”. We do not publish invented user numbers, investors or partnerships, and we do not name any provider as a partner until a contract is signed. Anything not yet live is labelled as such, using Simulated, Demo balance, Preview rate, Planned or Not live yet.

If you find a statement on this site that falls short of that standard, please tell us at hello@novacard.us and we will correct it.

5. Milestones before Nova operates

1. A card issuer and a custodian under contract, so that money can move.
2. The first customers onboarded onto a live card with real funds.
3. A registered entity, a chosen jurisdiction and a decided licensing path.

None of these milestones has been met yet. We will update this page as each one is met. We will not describe Nova as licensed, or offer a live financial service, until the required authorisations are in place.

6. Contact

We welcome questions about this page, or about what Nova is and is not. Please write to hello@novacard.us. A member of the Nova team reads every message and replies directly. Security matters should go to security@novacard.us and are covered by our Security & disclosure policy.

7. Changes to this page

This page is versioned and dated at the top. We update it whenever a fact it describes changes, so that it always matches the product.