Compliance

Regulatory status of the protocol entities

The RealFi protocol operates through a multi-entity offshore architecture designed to separate governance, issuance, and operational functions.

RealFi Foundation is a Cayman Islands foundation company that governs the protocol. The Foundation is the steward of the protocol's long-term direction and is responsible for protocol-level decision-making in accordance with its governing documents.

RealFi Reserve Ltd. is the British Virgin Islands business company that issues USDr. USDr is not classified as a regulated financial instrument under current BVI virtual asset guidelines at launch.

RealFi Yield Ltd. is the British Virgin Islands business company that issues sUSDr. sUSDr is characterized as a debenture under the BVI Securities and Investment Business Act 2010 and is issued in reliance on the own-issuance exemption.

RealFi Protocol Ltd. is the British Virgin Islands business company that will issue RFG, the protocol's governance token. RFG has not yet been issued.

Each entity's regulatory status is subject to ongoing monitoring as global stablecoin, digital asset, and securities regulation evolves. Classification under any jurisdiction's framework may change in response to regulatory developments.