Company: DEFI
Filing Date: 2025-02-21
Form Type: POS AM
Source: 0001839882-25-010345
Chunk: 122

Company: Tidal Commodities Trust I
Filing Date: 2025-02-21
Form: POS AM
Chunk 122
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 the estate should have no rights to the clients’ assets.                  |

| 2. | Offers segregated accounts and stores the Fund’s bitcoin in separated individual accounts and not in omnibus accounts.   
 That means that The Fund’s bitcoin shall be held in segregated wallets and therefore are not commingled with the Bitcoin 
 Custodian’s or other customer assets.                                                                                    |

| 3. | Generates account-segregated private keys for digital assets using high entropy random number generation methods and employing 
 advanced security practices.                                                                                                   |

| 4. | Utilizes technology for storing private keys in offline digital vaults and applies secure processes, such as private key segmentation, 
 multi-signature authorization, and geographic distribution of stored assets, to limit access to private keys. The Bitcoin Custodian    
 should use security technology for storing private keys aiming to avoid theft or misappropriation of assets due to online attacks,     
 collusion of agents managing the storage services, or any other threat.                                                                |

| 5. | Has a comprehensive risk management policy and formalized framework of managing operational and custody risks, including a         
 disaster recovery program that ensures continuity of operations in the event of a system failure. The Bitcoin Custodian shall have 
 a business continuity plan to help ensure continued access to the Fund’s assets.                                                   |

| 6. | Has an insurance policy that covers, at least partially, risks such as the loss of client assets held in cold storage, including 
 from employee collusion or fraud, physical loss including theft, damage of key material, security breach or hack, and fraudulent 
 transfer.                                                                                                                        |

| 7. | Complies with higher standards of government oversight, external audits, and security, and as such, Bitcoin Custodian is able      
 to offer better legal guarantees that safekeep asset ownership. The Bitcoin Custodian may be licensed or registered as a custodian 
 by a reputable and independent governing body (e.g., the New York State Department of Financial Services, or other state, national 
 or international regulators), as can be ascertained by certain public data sources.                                                |

| 8. | Provides third-party audit reports at least annually on operational and security processes. This audit may be completed by     
 having a Systems and Organizational Control certification (“SOC”) issued. Auditors provide reasonable assurance that           
 the Bitcoin Custodian operational processes and private key management controls are in accordance with the expected standards. |

<div align='center'>72</div>

A custodian may lose its eligibility as
a Bitcoin Custodian if it fails