What is OpenLedger?

OpenLedger is a blockchain-based protocol designed to support decentralized infrastructure for artificial intelligence (AI). The platform enables the creation, sharing, and monetization of data, models, and AI agents through a transparent, on-chain system. By introducing a decentralized framework for data coordination and attribution, OpenLedger aims to address the concentration of data and value within centralized AI systems. The protocol allows contributors to be credited and compensated for their contributions, supporting a more transparent and incentive-aligned AI ecosystem.

What is OPEN?

The native token of the protocol is OPEN, which operates on the Ethereum network and serves as the utility and governance token of the OpenLedger ecosystem. OPEN is used for transaction processing, governance, and coordinating activity across the network. The token enables payment for network fees and AI-related services (e.g., model training and inference), provides incentives for contributors supplying datasets and participating in AI workflows, and supports governance participation, including voting on protocol upgrades and ecosystem initiatives. The token has a total supply of 1 billion units, with approximately 215.5 million OPEN 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 OPEN can be supported by Wealthsimple's platform, including whether OPEN is a security and/or a derivative and is being offered in compliance with securities and derivatives laws.

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

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

Like all other crypto assets, there are some general risks to investing in OPEN. 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 OPEN. 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: May 11, 2026