primeUSD

Instant

1 USDC

0%

Subscription to primeUSD is permissioned and processed onchain. Prospective investors first complete the Company's onboarding and eligibility verification (KYC/AML and sanctions screening; U.S. Persons, Canadian Persons, and persons in sanctioned jurisdictions are excluded), after which their wallet address is added to the whitelist. Whitelisted investors subscribe by depositing USDC — the sole accepted subscription asset — into the primeUSD Vault smart contract on Ethereum mainnet. Upon deposit, the Protocol mints Receipt Tokens (primeUSD) directly to the subscriber's wallet, representing a pro-rata claim on the Vault Pool, including accrued net yield. Minting is instant upon onchain confirmation of the deposit; there is no subscription fee, no minimum subscription amount, and no subscription window or cut-off. Deposited USDC is deployed by the Vault into its collateral basket of tokenised T-Bill money market funds and investment-grade fixed income funds in accordance with the strategy. Receipt Tokens are transfer-restricted and may only be held by or transferred to whitelisted addresses.

Weekly

1 USDC

0%

Redemptions are processed onchain in USDC, the sole redemption currency. A holder submits a redemption request through the Platform; Receipt Tokens are burned and the holder receives their pro-rata share of the primeUSD Vault Pool, including accrued net yield, net of any applicable costs. The standard processing target is 5 business days from receipt of a valid request, extendable to up to 20 business days during periods of elevated redemption volumes, market stress, or force majeure. An express path is available for aggregate redemptions not exceeding 10% of Vault Pool NAV at the time of request: these are processed on a best-efforts basis by the next business day, subject to available Vault liquidity. There is no redemption fee and no minimum redemption amount. Processing timelines are operational targets rather than binding commitments, and actual timing may depend on the liquidity of underlying positions (tokenised fund redemptions and orderly unwinding of leveraged positions). All redemption obligations are limited-recourse, payable solely from the primeUSD Vault Pool: holders receive their pro-rata share of the Vault Pool at the time of processing, which may be less than the amount originally deposited. The Company may also compel redemption of a holder's tokens at any time (e.g., for compliance reasons), and redeems all outstanding tokens in an orderly manner if it ceases operating the Vault.

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Vault Street

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