What is DoubleZero?

DoubleZero is a decentralized infrastructure protocol designed to provide high-performance networking for distributed systems, including blockchains and real-time applications. The protocol focuses on optimizing data transmission by leveraging dedicated bandwidth and specialized networking hardware, rather than relying on the public internet.

What is 2Z?

The native token of the protocol, 2Z, operates on the Solana network. 2Z serves as the utility token of the DoubleZero ecosystem, enabling users to access network services and participate in the protocol’s economic model. 2Z supports core functions including rewarding contributors who provide bandwidth and infrastructure, facilitating payments for network usage, and supporting staking mechanisms that help secure network operations. The token has a total supply of 10 billion units, with approximately 3.47 billion 2Z 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 2Z can be supported by Wealthsimple's platform, including whether 2Z is a security and/or a derivative and is being offered in compliance with securities and derivatives laws.

We evaluated 2Z based on publicly available information, including (but not limited to):

• The creation, governance, usage and design of 2Z, 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 2Z;
• The supply, demand, maturity, utility and liquidity of 2Z;
• Material technical risks associated with 2Z, including any code defects, security breaches and other threats concerning 2Z 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 2Z, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of 2Z; and
• Statements made by regulators or securities regulatory authorities in Canada and other jurisdictions regarding whether 2Z, 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 2Z may result in changes to this Crypto Asset Statement and/or Wealthsimple's ability to support 2Z.

Like all other crypto assets, there are some general risks to investing in 2Z. 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 2Z. 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