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Disclosure Statements

1. Introduction​

1.1. Welcome to Bondi Technology Inc. (“Bondi”, “we”, “us”, or “our”). We are a technology company providing a platform that enables the tokenization of existing, publicly traded bonds into digital assets known as "Bond Tokens."

1.2. Bondi is a company domiciled in the Republic of Panama and operates the software platform (frontend, backend, and smart contracts). Bond Tokens are legally issued in Bermuda by Ensuro Re Ltd., acting through a segregated account established under Bermuda law (the "Cell"), under regulatory oversight of the Bermuda Monetary Authority. The legal framework for digital assets continues to evolve. Platform access and use are governed by our Terms of Service and applicable laws of Panama, while matters relating to the issuance, custody, and administration of Bond Tokens by the Cell are subject to applicable Bermuda law and regulation.

1.3. This Disclosure Statement provides essential information about Bondi Finance and our platform for all users and participants (“you” or “your”).

1.4. Please read this Statement carefully. A glossary of defined terms is provided at the end of this Statement.

2. Our Platform​

2.1. Bondi Finance operates a smart-contract-based platform on the Base, Plume, Mantle, and Injective blockchains. The platform facilitates the creation (minting) and management of Bond Tokens, which represent a fractional economic interest in real-world, underlying corporate bonds.

2.2. Capital Providers deposit funds (typically stablecoins like USDC) to mint Bond Tokens corresponding to a specific underlying bond.

2.3. Holders of Bond Tokens are entitled to receive periodic payments equivalent to the coupon payments of the underlying bond and the principal upon its maturity, subject to the fees and risks outlined in our legal documentation.

2.4. The underlying bond assets are acquired and held to the credit of the Cell. Bond Tokens are issued by the Cell and constitute limited-recourse obligations of the Cell only.

2.5. Bondi Technology Inc. does not issue Bond Tokens or hold underlying assets. Bondi provides and maintains the technology through which Users interact with the smart contracts administered under authorization from the Issuer (Ensuro Re Ltd.). To mint or hold Bond Tokens, you may be required to review and accept the Issuer’s applicable terms and token‑holder participation agreement, which govern your rights as a holder and include dispute‑resolution procedures under Bermuda law.

3. Disclaimer​

3.1. Except as expressly provided in a written agreement between you and Bondi, we disclaim and exclude, to the fullest extent permitted by applicable law, all liability for any losses or damages arising from your use of the Platform.

3.2. Bondi does not provide investment, legal, or tax advice. We make no recommendation as to the suitability, legality, or appropriateness of any Bond Token or transaction. You should seek independent advice from qualified professionals before participating in our platform.

4. Material Risks​

The Bondi Finance platform involves significant risks. By participating, you confirm that you understand and accept the following material risks, which may result in partial or total loss of capital.

A. Capital and Financial Risks​

4.1. Market Risk: The value of Bond Tokens can fluctuate due to changes in interest rates, market sentiment, inflation, and general economic conditions that affect the price of the underlying bonds.

4.2. Credit & Issuer Risk: The value and performance of Bond Tokens are directly linked to the creditworthiness of the issuer of the underlying bond. In the event of an issuer default, you could lose your entire principal and any accrued interest. Bondi is not responsible for the solvency or performance of any bond issuer.

4.3. Bond Token-Specific Risks: Bond Tokens:

  • May lose all value due to issuer default, protocol failure, or adverse market events.
  • Are not legal tender and are not insured by any government authority.
  • Are not protected by deposit insurance.
  • Do not confer any equity or voting rights in Bondi Technology Inc.
  • May be subject to taxation, depending on your jurisdiction.
  • Constitute limited-recourse obligations of a segregated account (Cell) of the Issuer. Your recourse is limited to the assets of that Cell. Although the segregated-accounts regime is designed to achieve bankruptcy remoteness, its effectiveness may be impacted by applicable law, court orders, regulatory actions, fraud, misappropriation, operational error, commingling, or extraordinary intervention, and courts in all jurisdictions may not give effect to segregation in all circumstances.

4.4. Liquidity Risk: The ability to buy or sell Bond Tokens on secondary markets may be limited. There is no guarantee of a liquid secondary market, which could prevent you from selling your tokens on demand.

4.5. Forced Transfers, Freezing & Token Burns: Bond Token smart contracts may include controls that can freeze, forcibly transfer, and/or burn Bond Tokens in limited circumstances, including:

  • Compliance actions required to comply with binding legal or regulatory obligations (including sanctions programmes and court orders) or authenticated instructions of competent authorities; and/or
  • Bond Token lifecycle and issuer-directed operational events consistent with the Bond Tokens’ governing documents (for example, maturity redemptions, issuer calls/partial calls that require burning all or a pro‑rata portion of Bond Tokens and distributing the related proceeds to Bond Token holders, or other required settlement mechanics).

These controls are not intended to be used for unilateral commercial reasons unrelated to the above.

B. Operational, Technical, and Cyber Risks​

4.6. Smart Contract and Platform Risks: Despite rigorous testing and audits, smart contracts may contain unknown bugs or vulnerabilities that could be exploited, potentially resulting in a loss of funds.

4.7. Cybersecurity Threats: Bondi applies advanced security protocols, but risks persist, including phishing, malware, and other attacks that could compromise the platform or user wallets.

4.8. Loss of Private Keys: You are solely responsible for securing your wallet credentials (private keys or seed phrases). If they are lost or compromised, your Bond Tokens cannot be recovered by Bondi. This risk also applies to the security of social accounts used for in-app wallets.

4.9. System Failures and Accounting Risks: Due to the platform's complexity, there may be:

  • Misstatements in financial reporting or token valuations
  • Operational errors due to technology or human oversight
  • Delays in coupon distributions or redemptions

4.10. Data Handling and Privacy Risk: KYC/AML data is stored securely and may be shared with the Issuer and its service providers as necessary to satisfy regulatory and compliance obligations, but remains vulnerable to data breaches despite best practices.

4.11. Legal Uncertainty: The legal landscape governing blockchain and tokenized assets is rapidly evolving and varies across jurisdictions. Abrupt regulatory changes could restrict or alter Bondi's services.

4.12. Jurisdictional and Sanction Risks: Services are restricted in certain jurisdictions (e.g., the U.S., sanctioned countries). You must ensure your participation does not violate any local laws.

4.13. Regulatory Change Impact: Changes in Bermuda, Panama, or other jurisdictions may:

  • Force Bondi to restrict, suspend, or cease services (including Bond Token issuance or redemptions)
  • Alter Bondi's business model, investment strategy, or compliance obligations
  • Cause financial losses due to asset lock-up, token devaluation, or forced shutdown, without recourse or compensation

D. Force Majeure and Service Availability Risks​

4.14. Platform Disruption or Shutdown Risk: In cases of regulatory intervention, technical failure, insolvency, or force majeure events, Bondi's platform and related services may become temporarily or permanently inaccessible, and funds may be delayed or inaccessible.

E. User Responsibility​

4.15. Independent Evaluation Required:

  • Bondi provides no financial, legal, or tax advice
  • You must evaluate all aspects of participation independently and consult your own advisors as needed
  • Past performance of underlying bonds is not indicative of future results

5. Matters Applicable to Our Services​

Regulatory Status​

5.1. Bondi Technology Inc. is a corporation registered in the Republic of Panama and operates as a technology platform provider. Bond Tokens are legally issued by Ensuro Re Ltd., acting through a segregated account established under Bermuda law (the "Cell"), under regulatory oversight of the Bermuda Monetary Authority. Disputes regarding issuance, custody, and token‑holder rights are subject to the Issuer’s dispute‑resolution terms and Bermuda law.

Schedule of Fees​

  • Minting Fee: 1% (0.5% service fee + 0.5% Bondi platform fee) of the total value of the tokens minted, charged upon the issuance of new Bond Tokens.
  • Redemption Fee: 0.5% of the redemption value, charged upon the redemption of Bond Tokens at maturity.
  • Early Redemption Fee: 0.5% of the redemption value, charged upon the early redemption of Bond Tokens before maturity.
  • Coupon Fee: 0.5% of the gross coupon payment, charged on each coupon payment processed by the Platform.
  • Blockchain Transaction (Gas) Fees: Variable fees paid by the user for interacting with smart contracts, dependent on network congestion on the respective blockchain (Base, Plume, Mantle, or Injective).

Any material changes to our fee structure will be communicated via the Platform in advance.

Eligibility​

5.2. All participants must complete Bondi's Know Your Customer (KYC) and Anti-Money Laundering (AML) onboarding process (implemented via idenfy or a substantially similar service) prior to engaging in any platform activity. You authorize Bondi to collect, process, and verify your identification information and to share such information and results with the Issuer for compliance purposes.

Irrevocability of Blockchain Transactions​

5.3. Once confirmed on the blockchain, all Bond Token transactions are final and cannot be reversed by Bondi or any third party.

Governance and Voting​

5.4. Bond Token holders do not receive any governance or voting rights in Bondi Technology Inc.

General Rights and Obligations​

5.5. Bondi disclaims all liability to the extent permitted by law for any mistaken, unauthorized, or unintended token transfers. While we may, at our sole discretion, attempt to recover such assets, there is no obligation to do so.

5.6. You are responsible for ensuring that your contact and compliance details remain accurate and up to date for regulatory and operational communications.

5.7. A submitted transaction may only be cancelled if the instruction has not yet been processed onchain.

5.8. Bondi may decline to execute a transaction if doing so would violate applicable laws, AML rules, sanctions restrictions, or regulatory orders.

5.9. You may request a formal receipt of any on-platform transaction, which will be provided within 14 business days via email.

5.10. Where permitted under a governing agreement, we will notify you of changes to service terms or policies at least 30 days prior to effect via email or the platform interface.

Information Rights​

5.11. At the conclusion of any transaction, you will have access to the following information through the Bondi Platform or upon written request:

  • Bondi Technology Inc.'s name and contact details
  • Contact information to access and manage your account, inquire about our operations, or submit a complaint through our formal complaint-handling procedures
  • A record of each transaction, including type, value, date, time, and the on‑chain transaction hash (which serves as your immutable receipt) or a reference ID
  • A breakdown of any fees or commissions associated with the transaction

Our Structure​

5.12. Bondi Technology Inc. operates the technology platform (frontend, backend, and smart contracts). Bond Tokens are legally issued in Bermuda by Ensuro Re Ltd., acting through a segregated account (the "Cell").

5.13. The underlying bond assets are acquired and held to the credit of the Cell. Holders of Bond Tokens and other creditors in respect of the Bond Tokens have recourse solely to the assets of the Cell and have no recourse to the assets of the Issuer’s general account, any other segregated account, or Bondi Technology Inc.

5.14. Holders of Bond Tokens have no ownership interest in Bondi Technology Inc. or its affiliates. Their rights are strictly contractual and linked to the performance of the underlying bonds and the terms governing the Cell.

5.15. As an innovative entity operating at the intersection of traditional finance and blockchain technology, Bondi has limited operating history. The rapidly evolving nature of blockchain and digital asset markets, as well as evolving regulation in Bermuda and Panama, may impact our capacity to scale operations or respond to market and regulatory shifts.

6. Cyber Reporting​

Bondi shall notify affected clients without undue delay if a significant cybersecurity event occurs that involves unauthorized access to personal or transactional client data. Notifications will include a summary of the breach, remedial actions taken, and guidance for affected users. The Issuer may also provide notifications in accordance with the Bermuda Digital Asset Business Act and other applicable Bermuda regulations.

7. Privacy​

For details on how Bondi Technology Inc. collects, uses, stores, and shares your personal data, please refer to our full Privacy Policy.

8. Glossary​

  • Blockchain: A distributed ledger technology that enables peer-to-peer electronic transactions. The Bondi Platform operates on public Blockchains, including Base, Plume, Mantle, and Injective.
  • Bond Token: A digital token issued on the Platform representing a fractional economic interest in an underlying real-world bond.
  • Capital Provider: An investor who provides capital to mint Bond Tokens.
  • Coupon: The periodic interest payment made by the issuer of the underlying bond, which is distributed to Bond Token holders (net of fees).
  • Gas Fee: A fee required to conduct a transaction on a blockchain.
  • Issuer: The entity (e.g., a corporation) that originally issued the underlying bond.
  • KYC: “Know Your Customer”; a compliance process used to verify the identity of clients.
  • Minting: The process of creating new Bond Tokens on the platform.
  • Platform: The smart-contract-based infrastructure developed and operated by Bondi Technology Inc.
  • Redemption: The process of returning Bond Tokens at the maturity of the underlying bond to receive the principal value.
  • Smart Contracts: Computer programs deployed on a blockchain that automatically execute the terms of an agreement.
  • Stablecoin: A type of cryptocurrency designed to maintain a stable value, such as USDC, which is pegged to the US Dollar.
  • Underlying Bond: The real-world corporate bond that a Bond Token represents economic exposure to.
  • Profile: A user's verified account configuration on the Platform, containing permissions, wallet addresses, transactional data, and preferences.
  • Force Majeure: Extraordinary circumstances beyond Bondi's control, including but not limited to natural disasters, war, terrorism, government actions, or technical failures of third-party infrastructure.