🔋Composition of Supporting Assets

The Supporting Assets are comprised of an actively managed portfolio.

Composition

• Tokenized Money Market Funds (MMFs): A significant portion of the Supporting Assets consist of tokenized MMFs, which invest in short-term, highly liquid debt instruments (U.S. Treasuries, cash equivalents, etc.). MMFs offer a high liquidity and low-risk profile and typically have stable net asset value.

• Tokenized Private Credit Funds: These funds provide private debt financing to companies, potentially offering higher yields. Strategies of these funds may include direct lending or senior debt.

• High-Quality Debt Instruments: Includes government bonds and high-quality corporate bonds. These instruments contribute to diversification of the portfolio.

• USDC: IssuerCo will include USDC in the Supporting Asset pool to deal with redemption surges and market volatility.

This strategic diversification requires active management and continuous risk assessment by R25. Transparent reporting on the Supporting Assets' composition, performance, and risk metrics is crucial.

Asset Management

At project launch, IssuerCo will manage the Supporting Assets. In due course, IssuerCo will engage an asset management company who will be responsible for the holistic management of the Supporting Assets, including for portfolio construction, investment execution, due diligence, and risk management.