Risk Disclosure

1. Important Notice

Assetiko is not a broker, dealer, investment adviser, financial adviser, exchange, crowdfunding portal, multilateral trading facility, securities exchange, regulated market, bank, custodian or tax adviser.

Nothing on the Assetiko website or within Assetiko documentation constitutes investment, legal, tax, accounting or financial planning advice; a recommendation; a solicitation; an offer to sell or buy; a promise of liquidity; or a guarantee of future performance, value or legal treatment.

Each user is solely responsible for evaluating whether any digital asset, document, issuer, structure or opportunity is appropriate for that user's circumstances. Assetiko does not make suitability determinations for users.

2. Nature of Assetiko Digital Assets

Assetiko digital assets are structured digital assets linked to selected private technology companies or related commercial opportunities. A digital asset published by Assetiko is not automatically the same as a share, stock, bond, fund interest, partnership interest, deposit, note, derivative, contract for difference or other traditional financial instrument.

The legal nature of each digital asset depends entirely on the documentation published for that specific issuance. A digital asset may represent or be linked to a contractual right, economic interest, indirect exposure, SPV interest, revenue or profit participation arrangement, commercial agreement, right to receive certain proceeds or another documented legal or economic arrangement.

No user should assume that a digital asset represents direct equity ownership, shareholder rights, voting rights, dividend rights, inspection rights, pre-emption rights, information rights, redemption rights, liquidation rights or direct claims against an underlying company unless the applicable documentation expressly states this.

3. Documentation Prevails

General information published by Assetiko supports understanding of the platform and its framework. Each digital asset, however, is governed by its own documentation.

• Issuer information
• SPV information
• Asset description
• Legal terms
• Risk disclosures
• Token specifications
• Transfer restrictions
• Eligibility requirements
• Commercial arrangements
• Issuer and vehicle information
• Supporting documents
• Important notices

Where there is any inconsistency between general website information and documentation published for a specific digital asset, the specific asset documentation shall prevail. Users must not rely solely on homepage summaries, marketing descriptions, educational materials or general framework pages.

4. Private Company Risk

Many digital assets published by Assetiko may relate to private companies. Private company exposure is generally more uncertain than exposure to listed public companies and may result in partial or total loss.

• Limited operating history
• Limited publicly available information
• Loss-making operations
• Need for additional capital
• Dependence on key founders, employees, suppliers or customers
• Competitive markets
• Uncertain demand
• Product commercialization failure
• Technology failure
• Regulatory barriers
• Unfavorable acquisition or no public listing
• Cessation of operations

5. No Assurance of Company Approval

A digital asset linked to a private company may not be issued, approved, endorsed, sponsored, authorized or supported by that company unless expressly stated in the applicable documentation.

Private companies may object to or dispute third-party references, economic exposure structures, valuation references, branding, implied association or perceived transfer of interests. Unless expressly stated, publication of a digital asset by Assetiko does not mean the underlying company has approved the digital asset, verified the documentation, consented to the structure or accepted any obligation to digital asset holders.

6. No Direct Ownership Risk

Digital assets linked to private companies may not provide direct ownership of shares or securities in the underlying company. Depending on the structure, users may hold only an indirect or contractual economic exposure.

• No assumed voting rights
• No assumed board observation rights
• No assumed information rights
• No assumed dividend rights
• No assumed inspection rights
• No assumed shareholder meeting rights
• No assumed approval rights over company actions
• No assumed right to transfer underlying shares
• No assumed direct enforcement claim against the company

Any rights associated with a digital asset are only those expressly described in the applicable documentation.

7. Economic Exposure Risk

A digital asset may be designed to provide economic exposure to an underlying opportunity rather than direct ownership. Economic exposure may not perfectly track the value, performance or outcome of the underlying company or commercial arrangement.

• Legal structure
• Fees and expenses
• Taxes
• SPV obligations
• Counterparty performance
• Valuation methodology
• Liquidity conditions
• Transfer restrictions
• Corporate actions
• Currency movements
• Documentation terms

Users should not assume that the price or value of a digital asset will equal the value of any underlying asset, security, company interest or reference asset.

8. SPV Risk

Some digital assets may be associated with Special Purpose Vehicles. An SPV is a separate legal entity established for a defined purpose. Use of an SPV does not eliminate risk.

• Administration risk
• Governance risk
• Legal interpretation risk
• Jurisdiction risk
• Counterparty risk
• Funding risk
• Expense risk
• Record keeping risk
• Regulatory risk
• Tax risk
• Operational failure
• Insolvency risk

The SPV may have obligations, liabilities, expenses or restrictions that affect the value or operation of the digital asset. Users should review all SPV documentation before making any decision.

9. Issuer Risk

Every digital asset has an issuer or issuing structure. Users are exposed to risks relating to financial condition, governance, operational capacity, compliance, record keeping, administration, technical execution, legal obligations, update processes and ability to enforce rights.

The issuer may fail to perform its obligations. Issuer failure may materially affect the digital asset.

10. Counterparty Risk

Digital assets may depend on SPVs, issuers, underlying companies, service providers, administrators, custodians, technology providers, legal counterparties, commercial partners, liquidity providers, wallet providers or payment processors.

A counterparty may fail to perform, become insolvent, breach contractual obligations, experience regulatory restrictions or become unable to continue its role. Counterparty failure may result in loss of value, operational disruption, delayed updates, restricted transferability or inability to enforce rights.

11. Legal Structure Risk

The legal structure for each digital asset may be complex and may involve multiple entities, multiple jurisdictions, contractual rights, SPVs, economic participation arrangements, issuer obligations, transfer restrictions, eligibility requirements, compliance requirements and tax considerations.

Users may misunderstand the structure or overestimate the rights associated with a digital asset. Users should obtain independent legal advice before relying on any legal interpretation.

12. Securities Law Risk

Certain digital assets may be treated as securities, financial instruments, investment contracts, derivatives, collective investment interests or other regulated products in one or more jurisdictions. Regulatory treatment may vary by jurisdiction, and a digital asset may be lawful in one jurisdiction and restricted or prohibited in another.

• Registration
• Disclosure
• Licensing
• Transfer restrictions
• Investor eligibility
• Marketing
• Custody
• Trading
• Reporting
• Resale
• Settlement

Compliance obligations may change over time. Users are responsible for ensuring that their participation is lawful in their jurisdiction.

13. Transfer Restriction Risk

Digital assets may be subject to transfer restrictions arising from securities laws, contractual terms, issuer policies, KYC requirements, AML requirements, sanctions restrictions, jurisdictional restrictions, holding period requirements, eligibility requirements or technology controls.

Transfer restrictions may prevent a user from transferring or selling a digital asset even when the user wishes to do so. A blockchain transfer may be technically possible but legally prohibited. A legally permissible transfer may be technically restricted. Users should review the transfer rules for each digital asset.

14. Liquidity Risk

Digital assets linked to private companies may have limited liquidity or no liquidity. There may be no active secondary market, buyers, market makers, available pricing, exchange listing, redemption option or mechanism to exit a position.

The existence of blockchain infrastructure does not guarantee liquidity. Users should be prepared to hold digital assets for an indefinite period.

15. Valuation Risk

Private company valuation is uncertain. Valuations may be based on limited information, historic funding rounds, internal estimates, comparable companies, third-party reports, contractual arrangements or other assumptions.

Valuation information may be incomplete, outdated or unreliable. A private company's perceived value may differ materially from the value of any related digital asset. Digital assets may trade, if at all, at prices significantly above or below any referenced valuation. Users should not treat any displayed valuation, reference price, implied valuation or market data as a guarantee of realizable value.

16. Pricing Risk

The price of a digital asset may not reflect the economic value of the underlying opportunity. Pricing may be affected by low liquidity, limited supply, speculation, market sentiment, information gaps, transfer restrictions, concentrated holders, external market conditions, platform visibility, rumors, announcements or token-specific demand.

A digital asset may become overpriced or underpriced relative to any underlying asset or reference value.

17. Market Risk

If a digital asset becomes transferable or tradable, market conditions may affect its price. Digital asset markets may be volatile, and prices may move rapidly and unpredictably.

• Investor sentiment
• Macroeconomic events
• Interest rates
• Inflation
• Geopolitical events
• Sector trends
• Regulatory announcements
• Technology failures
• Cyber incidents
• Liquidity changes

Users may lose some or all of the value associated with a digital asset.

18. Private Market Information Risk

Private companies are not generally subject to the same public reporting requirements as listed companies. Information may be limited, delayed or unavailable.

Underlying companies may not provide financial statements, operating metrics, shareholder updates or other information to Assetiko or digital asset holders. Information asymmetry may be significant, and users may be making decisions with incomplete information.

19. Third Party Information Risk

Assetiko may rely on information from underlying companies, public websites, registries, professional advisers, data providers, news sources, commercial counterparties, blockchain explorers and service providers.

Third-party information may be inaccurate, incomplete, outdated, misleading or unavailable. Assetiko does not guarantee that all third-party information is complete, accurate or current.

20. Documentation Risk

Documentation may contain errors, omissions, assumptions or limitations. Documentation may change over time and may be updated, supplemented, amended, corrected or withdrawn.

Some documentation may be based on information available at the time of publication. Users must verify the latest available documents before relying on any information.

21. Forward Looking Statement Risk

Assetiko materials may contain forward-looking statements, including expectations regarding business growth, technology development, commercial milestones, market opportunity, future funding, potential exits, potential listings, industry adoption or financial performance.

Forward-looking statements are uncertain and involve assumptions. Actual outcomes may differ materially. Forward-looking statements are not guarantees.

22. Technology Company Risk

Many underlying opportunities may involve technology companies. Technology businesses can fail even when their products appear innovative.

• Product failure
• Engineering delays
• Intellectual property disputes
• Cybersecurity incidents
• Regulatory changes
• Customer concentration
• Supplier concentration
• Talent shortages
• Capital intensity
• Obsolescence
• Competition from larger companies
• Failure to commercialize technology
• Rapid market shifts

23. Early Stage and Growth Company Risk

Some companies may be early stage, growth stage or expansion stage. These companies may have limited revenue, negative cash flow, dependence on future financing, unproven business models, high burn rates, no profitability, dependence on a small team, execution risk, dilution from future financing or failure to achieve scale.

Such companies may never become profitable.

24. Dilution Risk

If a digital asset is linked to an underlying equity interest or economic arrangement, future funding rounds or corporate actions may dilute the relevant interest unless specific anti-dilution protections exist.

Dilution may reduce economic value. Users should not assume anti-dilution protection exists unless expressly stated in the documentation.

25. Exit Risk

Private company exposure may depend on uncertain exit events, including acquisition, merger, public offering, secondary sale, buyback, liquidation or contractual settlement.

No exit may occur. Exit timing is uncertain. Exit terms may be unfavorable. A digital asset holder may not control the timing, structure or outcome of any exit.

26. Corporate Action Risk

Corporate actions may affect the underlying opportunity or the digital asset. These may include mergers, acquisitions, reorganizations, share splits, recapitalizations, financing rounds, asset sales, liquidations, name changes, legal restructurings or contract amendments.

Corporate actions may affect rights, value, transferability, documentation or administration.

27. Conflict of Interest Risk

Assetiko, its affiliates, issuers, SPVs, managers, directors, officers, shareholders, advisers or service providers may have interests that differ from those of users.

• Fees
• Ownership interests
• Issuer relationships
• Service provider arrangements
• Transaction selection
• Documentation control
• Information access
• Commercial partnerships
• Treasury arrangements
• Strategic incentives

Conflicts may not always be eliminated. Assetiko may disclose conflicts where appropriate, but users should independently consider whether conflicts may affect an issuance.

28. Fee and Expense Risk

Fees and expenses may affect the economic value of a digital asset and may be borne directly or indirectly.

• Structuring fees
• Administration fees
• Legal fees
• Service provider fees
• Technology costs
• Blockchain transaction costs
• Compliance costs
• Tax costs
• Professional adviser fees
• Treasury costs
• Transfer costs

Users should review the documentation for each issuance to understand applicable fees and expenses.

29. Tax Risk

Digital assets may have tax consequences. Tax treatment may differ by jurisdiction and user status.

• Income tax
• Capital gains tax
• Withholding tax
• Stamp duty
• Transfer tax
• VAT or GST
• Reporting obligations
• Foreign asset reporting
• Controlled foreign corporation rules
• Passive foreign investment company rules
• Estate tax
• Gift tax

Users are solely responsible for their tax affairs. Assetiko does not provide tax advice.

30. Jurisdiction Risk

Assetiko, issuers, SPVs, underlying companies, service providers and users may be located in different jurisdictions. Different laws may apply.

• Conflicting laws
• Different disclosure standards
• Different tax rules
• Different insolvency rules
• Different enforcement procedures
• Different investor protection regimes
• Cross-border transfer restrictions
• Sanctions exposure
• Legal uncertainty

Users should understand the jurisdictional aspects of each issuance before making any decision.

31. Regulatory Change Risk

Digital asset regulation continues to evolve. Future laws, rules, guidance or enforcement actions may affect issuance, transferability, custody, access, documentation, reporting, KYC, AML, taxation, sanctions compliance, trading and valuation.

Regulatory changes may be sudden and material. Assetiko cannot predict future regulatory developments.

32. Eligibility Risk

Access to certain digital assets may be limited to eligible users. Eligibility may depend on jurisdiction, accredited investor status, professional investor status, qualified purchaser status, sophistication, KYC completion, AML review, sanctions screening, transfer restrictions or legal exemptions.

A user may be denied access, restricted, blocked or unable to participate. Eligibility criteria may change.

33. KYC, AML and Sanctions Risk

Assetiko, issuers or service providers may require identity verification, anti-money laundering checks and sanctions screening. Users may be required to provide documentation.

Failure to provide satisfactory information may result in restricted access. Users may be blocked, rejected, suspended or restricted. Transactions involving sanctioned persons, prohibited jurisdictions or illegal activity may be refused or reported. Compliance requirements may delay or prevent transfers.

34. Platform Access Risk

Access to the Assetiko website or related services may be interrupted, restricted or unavailable due to maintenance, cyber incidents, hosting failures, domain issues, network outages, regulatory restrictions, service provider disruptions, technical upgrades or force majeure events.

Assetiko does not guarantee uninterrupted access.

35. Blockchain Infrastructure Risk

Assetiko currently uses, or may use, blockchain infrastructure to publish digital assets. Blockchain infrastructure is not risk-free.

• Network congestion
• Network interruption
• Protocol changes
• Validator issues
• Software defects
• Ledger forks
• Transaction delays
• Transaction failures
• Unexpected technical events
• Reduced network adoption
• Changes in network fees

36. XRP Ledger Risk

Assetiko digital assets may be issued on the XRP Ledger. The XRP Ledger is public blockchain infrastructure, and Assetiko does not control it.

• Protocol changes
• Validator behavior
• Network outages
• Amendment adoption
• Fee changes
• Unexpected bugs
• Wallet compatibility issues
• Exchange or interface limitations
• Ledger congestion
• Infrastructure dependency

Users should understand the technical risks of using public blockchain infrastructure.

37. Wallet Risk

Users may be responsible for maintaining their own wallets. Wallet risks include loss of private keys, loss of seed phrases, phishing, malware, unauthorized access, incorrect destination tags, incorrect addresses, device failure, user error and incompatible wallets.

Loss of access may be permanent. Assetiko may not be able to recover digital assets lost through wallet error or credential loss.

38. Irreversible Transaction Risk

Blockchain transactions may be irreversible. A transfer sent to the wrong address may not be recoverable. A transaction executed by mistake may not be reversible. A transfer caused by fraud, phishing or malware may not be recoverable.

Users are responsible for verifying transaction details before signing or submitting any transaction.

39. Custody Risk

If digital assets are held through a custodian, wallet provider, exchange, administrator or other third party, users may face custody risk.

• Custodian insolvency
• Operational failure
• Unauthorized access
• Regulatory action
• Withdrawal delays
• Account freezes
• Internal controls failure
• Loss of assets
• Cybersecurity events

Users should understand whether they are using self-custody or third-party custody.

40. Smart Contract and Software Risk

Digital assets may rely on software, smart contracts, scripts, wallet tools, APIs or other technical systems. Software may contain defects.

• Bugs
• Vulnerabilities
• Incorrect implementation
• Unexpected behavior
• Integration failures
• Interface errors
• Data errors
• Unsupported updates

Software risk may result in loss, delay, incorrect records or inability to interact with a digital asset.

41. Cybersecurity Risk

Digital asset ecosystems are frequent targets for cyber attacks. Users should maintain strong cybersecurity practices and verify all official Assetiko communications.

• Phishing
• Social engineering
• Malware
• Credential theft
• Domain spoofing
• Fake support channels
• Wallet draining attacks
• Compromised devices
• Man in the middle attacks
• API compromise

42. Oracle and Data Risk

If an issuance uses external data, reference values, third-party feeds, valuation data or other off-chain information, errors or manipulation may occur.

Data may be delayed, incomplete, incorrect, unavailable, manipulated or disputed. No data source should be assumed to be perfect.

43. Concentration Risk

Ownership of a digital asset may be concentrated among a limited number of holders. Concentration may affect liquidity, price stability, governance, transferability and market confidence.

Large holders may sell, transfer or otherwise act in ways that affect other holders.

44. No Public Market Protections

Digital assets linked to private companies may not provide protections associated with public securities markets.

• No assumed public company reporting
• No assumed exchange oversight
• No assumed market surveillance
• No assumed regulated price discovery
• No assumed continuous disclosure
• No assumed audited financials
• No assumed public filings
• No assumed shareholder meetings
• No assumed analyst coverage

Private market participation involves different and often greater risks.

45. No Deposit Protection

Digital assets are not bank deposits. They are not insured by any deposit insurance scheme. They are not guaranteed by any government, central bank, regulator or financial institution unless expressly stated in the relevant documentation.

Users may lose the entire value of a digital asset.

46. No Guarantee of Returns

Assetiko does not guarantee returns, appreciation, income, liquidity, exit opportunities, underlying company success or that any digital asset will retain value.

47. Suspension, Removal and Modification Risk

Assetiko may suspend, remove, modify, correct, restrict or update digital asset information, asset pages, documentation, access features or platform functionality.

Reasons may include legal requirements, regulatory concerns, errors, issuer request, service provider issues, security concerns, documentation updates, technical issues or corporate actions. Suspension or removal may affect user access to information.

48. Communication Risk

Notices may be published through the Assetiko website, email, issuer pages or other channels. Users are responsible for monitoring official sources.

Assetiko cannot guarantee that every user will receive, read or understand every notice. Failure to review notices may result in missed information.

49. Force Majeure Risk

Events beyond Assetiko's control may affect the platform or digital assets, including war, terrorism, civil unrest, natural disasters, pandemics, government action, sanctions, cyber attacks, power failures, internet outages, banking disruption, blockchain disruption or legal prohibitions.

Force majeure events may materially affect operations, access, value and administration.

50. User Responsibility

Users are responsible for reading all relevant documentation, understanding risks, complying with applicable laws, maintaining wallet security, determining tax obligations, obtaining professional advice, verifying official communications, avoiding scams and evaluating suitability.

No user should participate in any digital asset unless the user fully understands and accepts the associated risks.

51. Independent Advice

Users should obtain independent advice from qualified legal advisers, tax advisers, financial advisers, accountants, technology specialists and compliance professionals before making any decision involving a digital asset.

Assetiko does not replace independent professional advice.

52. Amendments to This Risk Disclosure

Assetiko may update this Risk Disclosure at any time to reflect business changes, legal developments, regulatory changes, platform changes, technology changes, new risk categories or operational experience.

The version published on the Assetiko website supersedes prior versions. Users should review this page periodically.

53. Acknowledgement of Risk

By accessing the Assetiko website, reviewing documentation or interacting with any digital asset, users acknowledge that digital assets involve significant risk; private company exposure involves significant uncertainty; legal structures may be complex; liquidity may be limited or nonexistent; documentation may change; regulatory treatment may change; technology may fail; losses may be substantial; and users remain solely responsible for their own decisions.

54. Contact

Questions regarding this Risk Disclosure may be directed to Assetiko through the contact information available on the Assetiko website.

Assetiko may not be able to provide legal, investment, tax or financial advice in response to user inquiries.