What is Reserve Rights?

Reserve is a permissionless protocol that allows users and organizations to create and govern on-chain indexes known as Decentralized Token Folios (DTFs). Each DTF is backed 1:1 by a basket of digital assets and can be minted or redeemed at any time. There are two primary types: Yield DTFs, which generate yield from collateral and are secured by RSR over-collateralization, and Index DTFs, which provide diversified exposure without complex collateral mechanisms. The long-term vision of Reserve is to support diversified, inflation-resistant currencies by anchoring them to baskets of assets, including tokenized real-world assets. The protocol’s native token is Reserve Rights (RSR).

What is RSR?

The native token of the protocol is RSR, which operates on the Ethereum blockchain. RSR functions as both a governance and utility asset within the Reserve ecosystem. Holders can vote on proposals that influence the configuration and operation of Decentralized Token Folios (DTFs). RSR also contributes to stability and security by being staked on Yield DTFs to provide over-collateralization, protecting against collateral shortfalls while allowing stakers to earn a share of generated yield. In Index DTFs, RSR can be vote-locked to guide governance decisions. The token has a fixed supply of 100 billion, with approximately 59.98 billion RSR currently 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 RSR can be supported by Wealthsimple's platform, including whether RSR is a security and/or a derivative and is being offered in compliance with securities and derivatives laws.

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

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

Like all other crypto assets, there are some general risks to investing in RSR. 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 RSR. 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