Company: DEFI
Filing Date: 2025-03-27
Form Type: 424B3
Source: 0001999371-25-003249
Chunk: 145

Company: Tidal Commodities Trust I
Filing Date: 2025-03-27
Form: 424B3
Chunk 145
---
 the complex illicit financing risks and
vulnerabilities present in the digital asset markets. If such risks eventuate, the Trust, the Sponsor or the Trustee or their affiliates
could face civil or criminal liability, fines, penalties, or other punishments, be subject to investigation, have their assets
frozen, lose access to banking services or services provided by other service providers, or suffer disruptions to their operations,
any of which could negatively affect the Trust’s ability to operate or cause losses in value of the Shares.

The Trust, the Sponsor and its affiliates
have adopted and implemented policies and procedures that are designed to comply with applicable anti-money laundering laws and
sanctions laws and regulations, including applicable know your customer (“KYC”) laws and regulations. The Sponsor and
the Trust will only interact with known third-party service providers with respect to whom the Sponsor or its affiliates have engaged
in a due diligence process to ensure a thorough KYC process, such as the Authorized Purchasers, LPs, market makers, FCMs and Bitcoin
Custodian. Each Authorized Purchaser, LP, and market maker must undergo onboarding by the Sponsor prior to placing creation or
redemption orders with respect to the Fund. As a result, the Sponsor and the Trust have instituted procedures designed to ensure
that a situation would not arise where the Trust would engage in transactions with a counterparty whose identity the Sponsor and
the Trust did not know.

Furthermore, Authorized Purchasers, as broker-dealers,
FCMs, and Bitcoin Custodian, as an entity licensed to conduct virtual currency business activity by the New York Department of
Financial Services and a limited purpose trust company subject to New York Banking Law, respectively, are “financial institutions”
subject to the U.S. Bank Secrecy Act, as amended (“BSA”), and U.S. economic sanctions laws. The Trust will only accept
creation and redemption requests from Authorized Purchasers, LPs, and market makers who have represented to the Trust that they
have implemented compliance programs that are designed to ensure compliance with applicable sanctions and anti-money laundering
laws. The Cash Custodian and Bitcoin Custodian have adopted and implemented anti-money laundering and sanctions compliance programs,
which provides additional protections to ensure that the Sponsor and the Trust do not transact with a sanctioned party.

Legal Counsel

Eversheds Sutherland (US) LLP serves as
legal counsel to the Fund and the Trust.

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Litigation disclosure for StoneX

Listed below are