Company: DEFI
Filing Date: 2025-03-27
Form Type: 424B3
Source: 0001999371-25-003249
Chunk: 119

Company: Tidal Commodities Trust I
Filing Date: 2025-03-27
Form: 424B3
Chunk 119
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 Rights and any IR Virtual Currency associated with such event and the
only crypto asset to be held by the Fund will be bitcoin.

The Sponsor will periodically
check the existence of the bitcoin held by the Fund by analyzing the blockchain.

The Bitcoin Custodian

The “Bitcoin Custodian” for
the Fund’s bitcoin holdings is BitGo Trust Company, Inc. The Sponsor has entered into a custodial services agreement with
the Bitcoin Custodian. The Sponsor may, in its sole discretion, add or terminate bitcoin custodians at any time.

In designating a custodian as a Bitcoin
Custodian for the Fund, the Sponsor considers whether the custodian provides protection against theft and loss and ensures that
the transactions and trades are secure. The Sponsor may consider whether a custodian:

| 1. | Provides custody accounts whose holders are the legal beneficiaries of the assets held in the account. In case of bankruptcy 
 or insolvency of a Bitcoin Custodian, creditors or 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