What is JasmyCoin?

JasmyCoin is an ERC-20 token launched in October 2021 by Jasmy Corporation, a Tokyo-based company founded by former Sony executives. Jasmy aims to restore data sovereignty through the use of blockchain and IoT technologies. It functions as the native utility token within the Jasmy ecosystem, where users store personal data securely in "Personal Data Lockers" and are compensated with JASMY when granting access to businesses under their control. The platform employs components like the Secure Knowledge Communicator (SKC) for identity management and Smart Guardian (SG) for authenticating IoT devices. Jasmy's vision centers on "data democracy," offering individuals a decentralized, consent-driven data marketplace as an alternative to traditional, centralized data control.

What is JASMY?

The native token of the protocol is JASMY, which operates on the Ethereum blockchain. The token's primary role is to enable users to securely store, manage, and selectively share personal data, often generated by IoT devices, in exchange for compensation. As such, JASMY can be used for transferring tokens between devices and as payment for network services. There is a maximum supply of 50 billion units of JASMY, and at the time of this publication, there are ~49.44 billion JASMY currently in circulation.

Risk Statement

Before trading any crypto assets it is important to understand the risks. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

No securities regulatory authority or regulator in Canada has evaluated or endorsed the Crypto Contracts or any of the crypto assets made available through the platform.

Wealthsimple has performed an assessment of whether JASMY can be supported by Wealthsimple's platform, including whether JASMY is a security and/or a derivative and is being offered in compliance with securities and derivatives laws.

We evaluated JASMY based on publicly available information, including (but not limited to):

• The creation, governance, usage and design of JASMY, including the source code, security and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that first created JASMY;
• The supply, demand, maturity, utility and liquidity of JASMY;
• Material technical risks associated with JASMY, including any code defects, security breaches and other threats concerning JASMY and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them;
• Legal and regulatory risks associated with JASMY, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of JASMY; and
• Statements made by regulators or securities regulatory authorities in Canada and other jurisdictions regarding whether JASMY, or generally about whether the type of crypto asset, is a security and/or a derivative.

Wealthsimple monitors ongoing developments related to crypto assets available on its platform for significant changes that may affect Wealthsimple's original assessment of those assets, including Wealthsimple's assessment of the application of securities and derivatives laws. Any significant changes relating to JASMY may result in changes to this Crypto Asset Statement and/or Wealthsimple's ability to support JASMY.

Like all other crypto assets, there are some general risks to investing in JASMY. These include short history risk, volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk, electronic trading risk and cyber security risk. Please review the Wealthsimple Crypto Product Risk Disclosure for additional discussion of general risks associated with the crypto assets made available through the platform.

We emphasize that this Crypto Asset Statement is not exhaustive of all risks associated with trading JASMY. Investors should perform their own assessment to determine the appropriate level of risk for their personal circumstances.

Wealthsimple is offering Crypto Contracts in reliance on a prospectus exemption contained in the exemptive relief decision Re Wealthsimple Investments Inc. dated December 18, 2023 (the Decision).

The statutory rights of action for damages and rescission in section 130.1 of the Securities Act (Ontario), and, if applicable, similar statutory rights under securities legislation of other jurisdictions of Canada, do not apply in respect of this Crypto Asset Statement to the extent a Crypto Contract is distributed under the prospectus relief in the Decision.

Last Updated: August 26, 2025