Risk Disclosure Statement

HomeProductsTransparencyResourcesLaunch AppRisk Disclosure StatementAnchored Capital Ltd Hello!a business company incorporated in the British Virgin IslandsPLEASE READ THIS RISK DISCLOSURE STATEMENT CAREFULLY.By accepting the terms and conditions for the issue, holding and redemption of Tokens issued by Anchored Capital Ltd (the "Terms and Conditions"), you acknowledge and agree that you fully understand and assume the following risks, as well as all risks not specifically described herein, any of which could result in Tokens becoming worthless or of little value. Acquisition, holding, transfer, or Redemption of Tokens does not constitute or represent an investment, nor does it constitute ownership, membership, equity participation, or provide any right to participate in the management, income, capital, or profits of the Company or Underlying Fund. Nothing contained herein constitutes, or should be relied upon as, investment, legal, tax, or other advice, and you should consult your own advisors before acquiring or dealing in Tokens. NOTHING IN THIS RISK DISCLOSURE STATEMENT OR ANY OTHER DOCUMENTATION ISSUED BY THE ISSUER SHALL CONSTITUTE AN OFFER OF SECURITIES OR AN INVESTMENT, OR BE DEEMED TO CREATE AN INVESTMENT CONTRACT IN ANY JURISDICTION.Notice to Residents of Restricted Jurisdictions: Tokens are not offered or sold, and may not be offered or sold, directly or indirectly, to citizens, residents, or entities of the United States of America, the People's Republic of China (for these purposes, excluding Hong Kong, Macau, and Taiwan), or any jurisdiction in which Token holding or transfer is prohibited or requires registration.In this Risk Disclosure Statement, references to "Company" mean Anchored Capital Ltd, and where the context permits include the Technology Service Provider, their service providers, affiliates and partners, as applicable, and capitalised terms shall have the meanings given in the Terms and Conditions.Nature of Tokens: Tokens do not constitute, and should not be construed as, securities, certificates representing investments, rights and interests in investments or financial instruments under any applicable law. Tokens are intended solely as trust receipts or acknowledgments: each Token serves only as a digital receipt or evidence of a potential beneficial entitlement under a bare trust declared by the Company in respect of specified Underlying Fund Shares, which in turn seek exposure to the relevant Reference Underlying Asset. Tokens do not represent, and are not intended to constitute, negotiable instruments, regulated securities, certificates representing investments, or other regulated investments. The holding or transfer of Tokens on-chain alone does not create or transfer any trust or property rights, except as and when the holding is registered by the Company in its internal register of beneficiaries in accordance with the Instrument and subject to the Company's compliance procedures. The Company's register of beneficiaries (not the blockchain record or Token itself) is conclusive for recognition of any beneficial entitlement or any exercise of rights in respect of the trust property or distributions.NO INVESTOR PROTECTION, REGULATORY OR INSURANCE COVERAGETransactions involving the issuance, delivery, purchase, subscription, redemption or other disposal of or dealings in Tokens and any other transactions effected under or pursuant to the Terms and Conditions ("Transactions") do not benefit from any protection provided under statutory investor compensation schemes established in the British Virgin Islands, irrespective of the nature of Tokens involved. Tokens and Transactions relating to the same are not covered by, or subject to, the Securities and Investment Business Act (as amended) ("SIBA") or any regulatory or governmental insurance or compensation scheme in the British Virgin Islands.The Company does not provide investment management, safekeeping, or custodial services for the public or for any person other than as expressly set out under the administration of the bare trust. Tokenholders should not assume that the Company will monitor, manage, or safeguard investments beyond its limited role as bare trustee. Any misunderstanding of this limitation may result in expectations that cannot be met, including assumptions of fiduciary oversight, discretionary investment decisions, or protection against market or operational risks. Tokenholders bear all risks associated with the performance of the Underlying Fund Shares and the Reference Underlying Asset.Tokens held in accounts are not considered protected deposits and are not covered by any deposit insurance scheme in the British Virgin Islands.The classification of Tokens and other digital tokens under British Virgin Islands laws may vary, introducing legal uncertainties that could impact the nature and enforceability of your interests in Tokens. Transactions and Tokens may not receive the same protection as other asset classes governed by British Virgin Islands law, such as securities or "investments" under SIBA or other relevant regulations.Acquiring, holding or redeeming Tokens does not create any direct or indirect legal or beneficial interest in the Company or Underlying Fund, nor does it constitute ownership, membership, equity participation, or provide any right to participate in the management, income, capital, or profits of the Company or Underlying Fund. The Tokenholder's rights (if any) are limited to a beneficial entitlement, as a beneficiary of a bare trust, in the specific Underlying Fund Shares (or proceeds thereof) held by the Company in respect of your Token(s) strictly in accordance with the Terms and Conditions. The Tokenholder has no recourse to any other assets or property of the Company, or to any Underlying Fund Shares held for other Tokens or Tokenholders. Except otherwise provided for in the Terms and Conditions, Tokenholders are not entitled to vote, receive dividends, attend meetings, or otherwise participate as members or shareholders of the Company, the Underlying Fund, or any other entity by virtue of holding Tokens.You are not entitled to compensation or regulatory protection in respect of any direct or indirect loss, including (but not limited to) loss resulting from ineligibility, suspension or loss of access, default, liquidation, or system failure, except to the extent that such liability cannot be lawfully excluded or limited.RISKS RELATING TO BLOCKCHAIN TECHNOLOGY AND TOKENSCryptographic and Consensus Risks: Transactions involving Tokens rely on blockchain and smart contract technology, which carry inherent risks of software bugs, coding errors, and vulnerabilities. Tokens are susceptible to validator attacks and consensus failures—these include, but are not limited to: double-spend, 51%/majority, selfish-miner, network reorganisation, "bribery", or denial-of-service attacks. Any successful exploitation could affect the operation, transfer, redemption or functionality of Tokens, and may lead to permanent loss or invalidity.Fork Risk: The blockchain or protocol underlying Tokens may be subject to community-led changes ("forks"). Forks can lead to multiple, conflicting versions of a blockchain or asset. In the event of a blockchain fork, copy, or wrapper, the Company will, in its sole discretion, determine which (if any) version of the Protocol, Token, or related blockchain it recognises for rights of Tokenholders. The Company is under no obligation to support any specific fork, and only Tokens recognised by the Company as supported shall be considered valid. Forks may disrupt or delay functionality, transfer, or redemption of Tokens. The Company accepts no liability for any loss arising out of use of unsupported or forked chains, tokens, or protocols.Network and Protocol Events: Network issues, congestion, protocol changes, or other "Network Events" may disrupt the functionality or cause irretrievable loss of Tokens or failure to process Transfers or Redemptions, all outside the Company's control.RISK OF LOSING ACCESS TO TOKENSWallet and Private Key Risks: Access to Tokens depends on your ability to securely store your private keys, wallet credentials, and back-up phrases. Loss or compromise of such credentials—whether through hacking, technical failure, carelessness, or the misconduct of third parties—will result in permanent and irretrievable loss of access to Tokens. Neither the Company nor any Technology Service Provider can recover, replace or reimburse lost Tokens.Invalid or Incompatible Wallets: It is solely your responsibility to ensure compatibility of your digital wallet with Tokens and Protocol. The Company is not responsible for losses resulting from use of incompatible wallets.Use of Third-party Platforms: Use of Tokens through third-party platforms, wallets or exchanges is at your sole risk. The Company assumes no responsibility for loss or misdelivery of Tokens, or for operational, regulatory, technological or fraud risks, when Tokens are held, transferred or redeemed using any third-party service.No Insurance: Unlike regulated financial products, Tokens are not insured by any public compensation scheme or private arrangement. The Company does not provide insurance for any loss relating to Tokens under any circumstance.CYBERSECURITY AND FRAUD RISKSMalicious Attacks: The Protocol, Tokens, and associated software and platforms may be subject to cyberattacks including, but not limited to, phishing, hacking, malware, distributed denial-of-service, or other forms of malicious behaviour. The Company does not guarantee that security measures will be sufficient at all times.Fraud and Impersonation: The risk of fraud, including impersonation, phishing, and scam websites, is significant. You should take all reasonable measures to independently verify communications and avoid providing credentials to unauthorised parties. The Company disclaims all liability for losses resulting from fraud or your failure to verify legitimacy.TRANSACTION, TRANSFERABILITY AND LIQUIDITY RISKSToken Issue Risk: Tokens are only minted after, and in respect of, the acquisition by the Company of corresponding Underlying Fund Shares for the account of the Tokenholder. If, for any reason, underlying assets are not acquired when expected, the Company's maximum liability is limited as set out in the Terms and Conditions.Irrevocability of Transfer: Transactions in Tokens on the blockchain are generally irreversible. Errors or unauthorised transactions, including as a result of mistake, theft or fraud, cannot be rectified or cancelled by the Company, the Technology Service Provider or any other third party.No Guarantee of Liquidity or Value: Tokens are intended to serve as digital proof of the beneficial interest (as beneficiary of the relevant bare trust) corresponding to the Underlying Fund Shares and are not designed or marketed as an investment product. The value of Tokens is indirectly linked to the performance of the Reference Underlying Asset, and adverse market movements in that asset may result in significant loss or complete devaluation. There may be limited or no secondary market or trading venue for Tokens, and their liquidity or value may at any time be substantially diminished or nil. The Company does not undertake to provide, support, or otherwise ensure the existence of any secondary market, liquidity, or value for Tokens.No Investment Characteristics: Tokens do not constitute "investments", securities, or regulated financial products under British Virgin Islands law or any other applicable law, and no expectation of profit or other investment return should be attached to holding Tokens.UNDERLYING INTEREST, REDEMPTION, AND ISSUER RISKSRedemption Proceeds Contingent on Underlying Fund Shares and Reference Underlying Asset: The value (if any) and ability to redeem Tokens depend solely on the performance, value and liquidity of the Underlying Fund Shares (as held by the Company as bare trustee), and the value of Tokens is indirectly linked to the performance of the Reference Underlying Asset. Market fluctuations, volatility, or adverse events affecting the Reference Underlying Asset may result in significant loss or complete devaluation of Tokens. There is no guarantee or assurance that Underlying Fund Shares will be redeemable or capable of realisation, or that any value or proceeds will be received or passed on to any Tokenholder. In particular, redemption and payment of proceeds are at all times subject to the actual receipt by the Company of redemption, distribution, or other proceeds from the relevant Underlying Fund Shares. The Company does not guarantee the timing or amount of any proceeds. Liquidity constraints at the Underlying Fund level may delay or prevent redemption of Underlying Fund Shares, which could result in delays or inability to redeem Tokens.Counterparty and Default Risk: Any act, omission, insolvency, winding-up, or other default by or affecting the Underlying Fund may result in some or all of your Tokens becoming worthless, irredeemable or non-transferable, and may eliminate any indirect exposure to the Reference Underlying Asset. The Company bears no liability for such outcomes.Third-Party and Service Provider Risks: Service providers (including the Technology Service Provider) or counterparties may themselves face technical or insolvency events, causing loss or disruption to holders of Tokens, outside the control of the Company. The Company shall not be liable for the acts or omissions of service providers, counterparty platforms, exchanges or third parties, or for the results of any regulatory action, government policy change, or force majeure event affecting Tokens or Underlying Fund Shares.REGULATORY AND TAX RISKSChanging Law and Regulation: The regulatory regime and tax treatment applicable to Tokens is evolving and may change without notice. Laws and regulations (including restrictions, reporting requirements or outright prohibitions) can impact the holding, transfer, or redemption of Tokens, or may require actions such as suspension or cancellation of Token access by the Company or Technology Service Providers. Changes in law or regulation may also impact the ability of the Underlying Fund to maintain exposure to the Reference Underlying Asset, which could adversely affect the value or redemption of Tokens. For the avoidance of doubt, the Token is not being offered as, nor is it intended to constitute, a security or investment as defined under the SIBA and is not subject to regulation by the British Virgin Islands Financial Services Commission.Eligibility and Sanctions: The Company may suspend, refuse or terminate access to Tokens for compliance reasons, including where you or any beneficial owner is a Prohibited Person or subject to any applicable sanctions regime.Tax Treatment: The tax treatment of Tokens (including their redemption and transfer) varies by jurisdiction and is highly uncertain. You are solely responsible for all tax obligations and reporting arising from your Transactions and should obtain independent tax advice. No representation is made with regard to the tax treatment of Tokens under British Virgin Islands law or under the law of any other jurisdiction.OPERATIONAL AND SYSTEM RISKSService Interruptions: Transactions and services involving Tokens may be interrupted or delayed due to system failures, cyberattacks, overload, service provider failure, force majeure or other unforeseen events. This may delay or prevent the redemption, transfer, or usability of your Tokens.UNANTICIPATED/UNKNOWN RISKSNovel Asset and Technology Risks: Tokens are a novel, technology-based product and are not intended as an investment. Additional risks, combinations of risks, or unforeseen developments may arise, including through regulatory, technological or market changes, that could render Tokens worthless or unusable, result in loss of access, or otherwise adversely affect your interests.No Guarantee of Value, Return, or Redemption: Neither the Company nor any Technology Service Provider, Underlying Fund or third party represents or warrants any return, performance, value, or redemption for Tokens, or that any proceeds will be or can be paid.Limited Duties of the Company: The Company acts as bare trustee in relation to the Underlying Fund Shares held for the benefit of Tokenholders, strictly in accordance with the Terms and Conditions and applicable British Virgin Islands law. The Company does not owe, and shall not be deemed to owe, any duty other than as strictly provided under the laws of the British Virgin Islands or as expressly set out in the Terms and Conditions. No arrangement is offered, or held out, to safeguard or administer investments for the public or for any person other than as expressly set out under the administration of the bare trust. To the fullest extent permitted by law, the Company has no fiduciary or advisory duty to Tokenholders. The Company's total aggregate liability to any Tokenholder is limited as set out in the Terms and Conditions, including a cap at the value or proceeds of the Underlying Fund Shares held as bare trustee, or the amount of subscription monies as applicable. Nothing herein or in the Terms and Conditions shall operate to exclude or limit liability for fraud, wilful misconduct, or any liability that cannot, as a matter of British Virgin Islands law, be excluded or limited.Potential for Cross-Liability: The Company establishes a separate bare trust for each Token and limits your recourse as a Tokenholder to the Underlying Fund Shares (or proceeds thereof) corresponding to your Token(s), as detailed in the Terms and Conditions. These arrangements are intended to ensure that the assets held on trust for each Tokenholder are segregated and are not available to satisfy the claims of other Tokenholders or general creditors of the Company. Although the Company will maintain its records (including, where applicable, by attaching metadata to Tokens or using "colouring" to identify the Underlying Fund Shares corresponding to each Token) to facilitate the identification and allocation of trust assets, in practice, assets may be held in commingled or omnibus accounts alongside other trust assets for operational, technological or custodial reasons. As a result, the Company cannot guarantee that the assets and proceeds attributable to one trust will always be factually segregated from those held for other Tokenholders, trusts, or third parties. If the Company fails to maintain adequate identification, segregation, or administration of trust assets, or in the event of insolvency, court order, or administrative or operational error, there remains a risk that assets or proceeds held on trust for one Tokenholder could, in exceptional circumstances, be exposed to the claims or liabilities of other Tokenholders, creditors of the Company, or be commingled or applied to obligations beyond the intended trust. The Company seeks to mitigate this risk through diligent record-keeping and operational processes, but this risk cannot be entirely eliminated by contract, trust declaration, or the use of metadata.No Advice: This Risk Disclosure Statement and the Terms and Conditions do not constitute investment, legal, tax, or other advice and should not be relied upon as such. You are strongly encouraged to seek independent legal, financial and tax advice, taking your own circumstances and jurisdiction into account, before acquiring, holding, or redeeming Tokens.The digital operating layer for global capital markets, making issuance, access, trading, and settlement programmable, compliant, and always open.info@anchored.financeSubscribeProductTokenized StocksTokenized FundsIPO AccessResourcesDocsNewsFAQDisclaimerThis website is operated by Anchored Labs Ltd and provides general information about Anchored and products that may be made available through the gated Anchored application operated by Anchored Capital Ltd. Anchored Labs Ltd is a technology services provider and does not itself make offers to sell, or solicitations of offers to acquire, any token, security, fund interest or other product through this website.Nothing on this website constitutes an offer to sell, or a solicitation of an offer to acquire, any token, security, fund interest or other product. Any offer will be made only through the gated Anchored application operated by Anchored Capital Ltd, to eligible investors who have completed the required onboarding and verification checks, and on the terms of the applicable governing documents.The products described are intended only for professional, accredited, sophisticated or other qualified investors, as applicable, and may not be available in all jurisdictions. They are not directed at US Persons, persons in mainland China or any person to whom an offer would be unlawful. It is your responsibility to ensure that you may lawfully access this website and, separately, acquire, hold, transfer or redeem any product under the laws that apply to you.Tokens are not the underlying shares, securities, fund interests or other assets. The rights attaching to each token are set out in the applicable governing documents. Acquiring or holding a product involves significant risk, including market, liquidity, counterparty and technology risk, and the possible loss of some or all of the amount invested. Any performance or return shown may be historical, indicative, estimated, simulated or targeted and is not a reliable indicator of future results.Nothing on this website is investment, legal, tax or other professional advice. You must review the applicable governing documents and should obtain your own advice before acquiring any product. Those documents will prevail over this website if there is any inconsistency. 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