Spring is non-custodial: investor funds are held in an on-chain escrow account controlled by the raise's smart-contract rules, not by Spring. Escrowed funds never sit in Spring's operating bank account or a general-purpose company wallet.
Funds can move only through actions the protocol and the agreed raise terms explicitly permit — issuing a refund or releasing the scheduled monthly allowance, for example. Spring's role is limited to administrative functions such as approving listings and reviewing governance proposals; Spring cannot direct escrowed funds toward any other purpose.
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