Company: DEFI
Filing Date: 2025-03-27
Form Type: 424B3
Source: 0001999371-25-003249
Chunk: 121

Company: Tidal Commodities Trust I
Filing Date: 2025-03-27
Form: 424B3
Chunk 121
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 under § 51A-6A-1(12A) of the South Dakota Banking Law, is the Bitcoin Custodian for the Fund (as of
the date of this prospectus). BitGo is a wholly owned subsidiary of BitGo Holdings, Inc., a Delaware corporation headquartered
in Palo Alto.

The Sponsor has entered a custodial services
agreement with BitGo (“Bitcoin Custody Agreement”), and BitGo is also authorized to safeguard the Fund’s bitcoin
holdings. BitGo maintains one or more custody accounts on its books, pursuant to the terms of the Bitcoin Custody Agreement, for
the receipt, safekeeping, and maintenance of bitcoin.

BitGo and its affiliates, including their
officers, directors, agents, and employees, are not liable for any lost profits, special, incidental, indirect, intangible, or
consequential damages resulting from authorized or unauthorized use of the Fund or Sponsor’s site or services. This includes
damages arising from any contract, tort, negligence, strict liability, or other legal grounds, even if BitGo was previously advised
of, knew, or should have known about the possibility of such damages. However, this exclusion of liability does not extend to cases
of BitGo’s fraud, willful misconduct, or gross negligence. In situations of gross negligence, BitGo’s liability is
specifically limited to the value of the digital assets or fiat currency that were affected by the negligence. Additionally, the
total liability of BitGo for direct damages is capped at the fees paid or payable to them under the relevant agreement during the
three-month period immediately preceding the first incident that caused the liability.

As a regulated custodian, BitGo is subject
to a detailed statutory and regulatory framework, including holding customer assets in segregated client accounts on behalf of
customers. 100% of Fund assets and private keys safekeeped by BitGo will be held in cold storage (Custodial Wallets) in segregated
accounts and are never commingled with BitGo or other client assets. BitGo applies industry standards, such as CryptoCurrency Security
Standard (CCSS) and SOC1 and SOC2, while also working with the most trusted brands in the industry and offering clients comprehensive
insurance solutions.

The BitGo ecosystem and architecture for
Private Key management includes the BitGo Platform, HSMs and modular services. The BitGo cold custody solution is built on BitGo’s
security to manage keys on behalf of customers. BitGo only signs transactions that have