PRODUCT DISCLOSURES

Tokenized stocks may not be available in all jurisdictions. These products are high risk and may result in loss of principal.

A tokenized stock may not track the market price of the referenced underlying share, may not be backed one-to-one by actual shares, and may not give you ownership, voting rights, dividend rights, inspection rights, or other shareholder rights.

References to any tokenized stock, issuer, ticker, or underlying company are provided for informational purposes only. They are not investment advice, an offer, a solicitation, or a recommendation to buy, sell, or hold any asset.

Perpetual futures functionality may not be available in all jurisdictions. Perps tickers refer to perpetual contracts, not equities, securities, or ownership interests in any underlying asset.

Trading perpetual futures involves substantial risk, including leverage risk, liquidation risk, funding rate risk, market volatility, protocol risk, and the risk of total loss.

Any content, market data, ticker, or reference to a specific perpetual contract is provided for informational purposes only. It is not investment advice, an offer, a solicitation, or a recommendation to trade.

Pre-IPO perpetual contracts, sometimes referred to as IPOP markets, are synthetic derivative products only. They do not represent shares, equity interests, IPO allocations, rights to acquire securities, or any ownership interest in the referenced company.

IPOP markets do not provide voting rights, dividend rights, information rights, or other rights of shareholders. No referenced company is affiliated with, endorses, sponsors, approves, or is responsible for any IPOP market unless expressly stated otherwise.

Prices for IPOP markets are based on order book activity, market participant expectations, and publicly available information. They are not official valuations and may differ materially from any IPO price range, final listing price, private market transaction, or other valuation.

Offering terms, share counts, timing, listing venue, and other information about a referenced company may change without notice. An anticipated listing may be delayed, cancelled, restructured, or may never occur.

If no listing occurs or no reliable reference price becomes available, trading may be halted and positions may be settled at a price that differs materially from your entry price or expected exit price.

IPOP markets may have higher volatility, lower liquidity, and wider spreads than standard perpetual futures markets. You may be unable to open, adjust, or close a position at the price you expect. Mark price transitions around a listing event may trigger immediate liquidations.