What is zkPass?

zkPass is a decentralized, privacy-preserving oracle protocol designed to transform private internet data into verifiable proofs on-chain. It enables users and applications to prove facts derived from Web2 data, such as identity, financial records, or credentials, without revealing the underlying sensitive information. The protocol acts as a bridge between traditional internet data and blockchain applications, allowing users to selectively verify attributes from any HTTPS website without relying on APIs, OAuth integrations, or trusted intermediaries. It is built on a cryptographic framework known as zkTLS, which combines three-party TLS (3P-TLS) with zero-knowledge proofs to ensure that data remains private while still being verifiable.

What is ZKP?

The native token of the protocol, ZKP, operates on the Ethereum network and serves as the governance and utility token of the zkPass ecosystem. It enables holders to participate in governance, stake tokens to support validator operations, and facilitate proof settlement. It supports core functions, including serving as collateral for validators, enabling DAO governance decisions, and acting as the settlement medium for generating and verifying privacy-preserving proofs. The token has a total supply of 1 billion units, with approximately 261.66 million ZKP 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 ZKP can be supported by Wealthsimple's platform, including whether ZKP is a security and/or a derivative and is being offered in compliance with securities and derivatives laws.

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

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

Like all other crypto assets, there are some general risks to investing in ZKP. 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 ZKP. 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 15, 2026