Issuer and Stock Token risk

Stock Tokens are not stock

They are tokens issued against shares, with the issuer's terms. The issuer can pause transfers, block addresses or burn tokens.

Eligibility

Stock Tokens are not available to US persons.

Where the protocol touches this risk

If BarrierCore were blocked, escrowed stock could not move. Settlement would wait and the event would be disclosed.

Delisting or issuer wind-down

New series for that underlying stop; live series settle under the issuer's redemption terms.

Stablecoin risk

Cash legs are USDG. A depeg affects every USDG amount in escrow.

Concentration

All underlyings share one issuer and one chain.