What is Zebec Network?

Zebec Network is a decentralized payment and financial infrastructure protocol designed to enable real-time, programmable money flows. The protocol focuses on streamlining payroll, payments, and financial transactions through blockchain-based solutions, allowing continuous settlement rather than traditional batch processing. It provides a suite of products, including payroll streaming, crypto-enabled debit cards, and payment infrastructure tools.

What is ZBCN?

The native token of the protocol, ZBCN, operates on the Solana network and serves as the governance and utility token of the Zebec Network. It enables participation in governance and supports its payment infrastructure. It is used to pay for product and payroll-related fees, incentivize ecosystem participation, and support staking mechanisms, while aligning incentives across users, businesses, and infrastructure providers. The token has a total supply of 100 billion units, with approximately 99.99 billion ZBCN 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 ZBCN can be supported by Wealthsimple's platform, including whether ZBCN is a security and/or a derivative and is being offered in compliance with securities and derivatives laws.

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

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

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