What is Enso?

Enso is a blockchain-based protocol designed to simplify on-chain interactions by abstracting complex transaction execution into a unified interface. It functions as an execution layer that enables developers and users to perform multi-step, cross-protocol actions through a single transaction. By aggregating interactions across decentralized applications and smart contracts, Enso reduces the need for users to manually coordinate multiple transactions. This approach allows applications to bundle complex workflows, such as swaps, staking, and liquidity provision, into streamlined execution paths.

What is ENSO?

The native token of the protocol is ENSO, which operates on the Ethereum network. ENSO serves as the utility and governance token of the Enso ecosystem. ENSO is used to support network operations, including governance participation and coordination of execution services across the platform. It may be used to pay for execution services, incentivize network participants, and enable access to features within the protocol. The token has a total supply of 100 million units, with approximately 20.59 million ENSO 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 ENSO can be supported by Wealthsimple's platform, including whether ENSO is a security and/or a derivative and is being offered in compliance with securities and derivatives laws.

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

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

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