(Updated on 29th January 2026)
Lquid Pay is a payment service provider that operated in New Zealand without complying with New Zealand financial markets legislation.
During an online meeting with members, the Chief Executive of Lquid Pay made several false and misleading statements, including claims that:
- It was fully compliant with New Zealand’s laws, which was not true;
- It held a registered New Zealand trademark when in fact no such trademark existed at the time. Marida Limited obtained a trademark only recently in September 2025.
Although Lquid Pay has since confirmed to the FMA that it has suspended its operations in New Zealand, we remain concerned about the intent behind making these false and misleading statements. A related entity, Protocol Yield, also operated by the same Chief Executive, has made similar misrepresentations on its website, including incorrectly stating that its parent company, Marida Limited, is licensed in Hong Kong. Misrepresentations of regulatory status of this nature are commonly associated with scam operations.
Other entities previously or currently linked to Lquid Pay and Protocol Yield have also been the subjects of public warnings issued by the FMA and other overseas regulators.
Website: lquid.finance (inactive); lquidpay.finance (current)
Email addresses: [email protected] ; [email protected]; [email protected]
Associated entities: Protocol Yield (py.xyz); We Are All Satoshi (weareallsatoshi.org)
Related warning
We Are All Satoshi (WAAS) - Offering financial services without registration
Boomerang Trade (Boomerang) - Offering financial services without registration
