Tritemius Ethena sUSDe Market Neutral

The Tritemius Ethena sUSDe Market Neutral is a tracker certificate that provides exposure to sUSDe, the staked version of USDe. USDe is a synthetic USD-pegged stablecoin backed by crypto collateral and short futures. sUSDe may increase in value when the underlying strategy captures positive funding rates in derivatives markets, though returns are not guaranteed and may decline under adverse conditions. The certificate is fully collateralized and issued by Helveteq AG under its base prospectus. The underlying is held in segregated accounts with Copper Markets (Switzerland) AG and secured in favour of an independent Security Agent, ADEXAS Rechtsanwälte AG.

Due to protocol-level mechanics, such as a 7-day unstaking period for sUSDe, redemptions may experience delays.
 This product is designed for informed investors seeking access to a rule-based digital asset strategy designed to achieve total return through value accumulation in sUSDe.

Key risks include smart contract failure, market volatility, negative funding environments, illiquidity, and regulatory changes. Investors may lose part or all of their investment in adverse scenarios. This product is a tracker security under Swiss law, not subject to CISA.Subscription requests may be accepted daily; redemption settlements are subject to protocol-level mechanics and may be delayed. The term ‘Market Neutral’ refers to the design of the underlying strategy and does not imply risk-free, capital-protected or stable returns.