What is Pundi X?

Pundi X is a blockchain-based platform designed to bring cryptocurrency payments to physical retail environments through point-of-sale (POS) devices that enable merchants to accept digital assets such as Bitcoin, Ethereum, and PUNDIX alongside fiat currencies. The ecosystem also includes complementary tools such as XWallet, a mobile wallet application, and XPASS, a contactless payment card, both of which help connect users and merchants within the Pundi X network.

What is PUNDIX?

The native token of the platform, PUNDIX, operates on the Ethereum blockchain and serves as the primary utility token within the Pundi X ecosystem. It is used to pay for transactions and network fees, participate in governance, and stake with validators to help secure the network. Holders who stake PUNDIX can earn rewards distributed through network participation and validator incentives. The token has a total supply of 258.52 million PUNDIX, with approximately 258.38 million tokens 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 PUNDIX can be supported by Wealthsimple’s platform, including whether PUNDIX is a security and/or a derivative and is being offered in compliance with securities and derivatives laws.

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

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

Like all other crypto assets, there are some general risks to investing in PUNDIX. 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 PUNDIX. 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 20, 2025