Subscription Flow
- KYC Verification: Complete verification via Sumsub (1-5 business days)
- Wallet Whitelisting: Your Ethereum address is whitelisted
- BTC Deposit: Transfer BTC to custody (native BTC recommended, 0% fee)
- 6h Cooling-Off: Cancel for full refund during this window
- Instant Mint: iBTCY minted for buffer portion (up to 32% of NAV)
- Queue Processing: Excess amounts deployed at monthly SSBAF window
- Wrap to BTCY: Optional 1:1 conversion for DeFi access
Full Subscription Details
Accepted assets, pricing, queue mechanics, and more
Redemption Paths
| Path | Timeline | Fee | Best For |
|---|---|---|---|
| Instant | T+0 to T+2 | 10 bps | Quick exit (up to buffer capacity) |
| Primary | 30-45 days | None | Larger amounts, no fee |
| Secondary | Instant | DEX fees | Market exit via BTCY (planned) |
Full Redemption Details
Limits, pricing, settlement, and worst-case timelines
Worst-Case Exit
| Scenario | Timeline |
|---|---|
| Normal (buffer available) | T+0 to T+2 |
| Buffer depleted | 30-45 days |
| SSBAF gate triggered (80%) | 60-90 days typical when gate applies |
| Extreme circumstances | 90+ days; may exceed 180 days |
| Suspension (market disruption, force majeure, regulatory order) | Indefinite; no maximum |
Liquidity Framework
Buffer mechanics and gating rules
Fees
Complete fee breakdown
Available only to eligible professional/qualified investors on an invite-only basis, subject to onboarding and compliance approval. For informational purposes only and not investment advice. Not an offer to the public or a solicitation where unlawful. No retail distribution. Not available to US Persons.Disclaimers · Platform and issuer