What is Numeraire?

Launched in 2017, Numeraire (NMR) is the native token of Numerai, a hedge fund that leverages crowdsourced machine learning models to make stock market predictions. Numerai organizes data science tournaments in which participants submit models trained on anonymized financial data. To back their predictions, participants must stake NMR tokens, with rewards or penalties tied to model performance. Successful models earn additional NMR. This staking mechanism is designed to align incentives by rewarding accurate forecasts and discouraging low-quality submissions.

What is NMR?

NMR is the platform’s native token, built on the Ethereum blockchain. It is used for a variety of functions, including staking in tournaments and participating in governance. Token holders can use NMR to support their models in Numerai’s competitions and to vote on platform initiatives. The token has a capped supply of 11 million, with approximately 7.58 million in circulation at the time of this publication.

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 NMR can be supported by Wealthsimple's platform, including whether NMR is a security and/or a derivative and is being offered in compliance with securities and derivatives laws.

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

• The creation, governance, usage and design of NMR, 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 NMR;
• The supply, demand, maturity, utility and liquidity of NMR;
• Material technical risks associated with NMR, including any code defects, security breaches and other threats concerning NMR 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 NMR, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of NMR; and
• Statements made by regulators or securities regulatory authorities in Canada and other jurisdictions regarding whether NMR, 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 NMR may result in changes to this Crypto Asset Statement and/or Wealthsimple's ability to support NMR.

Like all other crypto assets, there are some general risks to investing in NMR. 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 NMR. 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: October 2, 2025