Company: DEFI
Filing Date: 2025-03-25
Form Type: POS AM
Source: 0001999371-25-003118
Chunk: 125

Company: Tidal Commodities Trust I
Filing Date: 2025-03-25
Form: POS AM
Chunk 125
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 is
done, the key is no longer available in memory. The OVC is run in a read-only disk, so once the laptop is powered off there is
no non-volatile storage of any kind to write back to disk. The OVC operates using a RAM disk, where it simulates a real hard disk,
but it’s completely ephemeral and wiped as soon as the machine is power cycled or rebooted thus wiping the reconstituted
private key preventing it from being copied or compromised.

BitGo is a South Dakota trust company and
the private keys are strategically distributed across various geographic locations within the United States. In order to enhance
security measures, BitGo refrains from disclosing the exact locations of these keys.

At time of wallet creation, BitGo creates
a unique key pair within its HSM in order to give each client a unique wallet on-chain. These online keys are wrapped by the BitGo
HSM and stored within BitGo’s data vault for the BitGo Platform keys used to sign transactions.

As all custody wallets are segregated, the
existence of bitcoin held by the Fund can be verified on-chain by the Sponsor or any other authorized party.

BitGo cold wallets are supported by a $250
million insurance policy issued by Lloyd’s of London. The specific of the policy include: Cyber Insurance, E&O, General
specie. Any copying and theft of private keys, insider theft or dishonest acts by BitGo employees or executives, and loss of keys
directly related to BitGo custody of key would be covered by this amount at minimum. This insurance policy is shared among all
Bitcoin Custodian’s clients and is not specific to the Fund or to customers holding bitcoin and may not be available or sufficient
to protect the Fund from all possible losses or sources of losses. The Sponsor may purchase additional insurance coverage through
BitGo’s underwriter, though the Sponsor has not purchased such additional insurance cover as of the date of this prospectus.
BitGo is not FDIC-insured. BitGo has established a business continuity plan that will support its ability to conduct business in
the event of a significant business disruption. This plan is reviewed and updated annually, and can be updated more frequently,
if deemed necessary by BitGo in its sole discretion. Should BitGo be impacted by a significant business disruption, BitGo aims
to minimize business interruption as quickly and efficiently as possible.

BitGo’s fork policy determines that
in the event of an upcoming modification to the Bitcoin Network that could