What is Internet Computer?

Internet Computer is a blockchain protocol and decentralized computing platform designed to extend blockchain functionality to full-scale web and cloud applications. It operates through a network of independent data centers organized into subnets, enabling scalable computation, storage, and web services without relying on centralized cloud providers. Applications on the network are deployed as “canisters,” which can serve web content and interact via HTTP, creating a developer experience similar to traditional software environments. The protocol uses a reverse gas model, where developers convert ICP into “cycles” to pay for computation and storage, shifting costs away from end users and enabling more seamless application interactions.

What is ICP?

The native token of the protocol is ICP, which operates on the Internet Computer network. ICP is used for governance, network staking, and paying for computation, as well as rewarding node operators and contributors who support network operations. The token has a total supply of 539.21 million ICP, all of which are 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 ICP can be supported by Wealthsimple’s platform, including whether ICP is a security and/or a derivative and is being offered in compliance with securities and derivatives laws.

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

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

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