Company: DEFI
Filing Date: 2025-03-27
Form Type: 424B3
Source: 0001999371-25-003249
Chunk: 120

Company: Tidal Commodities Trust I
Filing Date: 2025-03-27
Form: 424B3
Chunk 120
---
 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 to comply with the above requirements, but the Sponsor has no obligation whatsoever to change the
Bitcoin Custodian for the Fund’s bitcoin holdings.

The Bitcoin Custodian may also employ advanced
blockchain monitoring tools and services to ensure the security and compliance of incoming transactions, including:

| ● | Transaction Validation: When a transaction is initiated, these monitoring tools immediately validate it against predefined     
 criteria, including sender addresses, transaction amounts, and transaction details, to ensure they comply with the custodian’s 
 policies and regulatory requirements.                                                                                          |

| ● | Real-time Alerts: These monitoring tools offer real-time alerting capabilities, using advanced algorithms to identify               
 suspicious or potentially fraudulent transactions. They detect patterns that may indicate money laundering, fraud, or other illicit 
 activities.                                                                                                                         |

| ● | AML/KYC Compliance: To comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations, custodians               
 integrate these solutions to verify sender and receiver identities, ensuring transactions are conducted by legitimate parties and 
 meeting regulatory requirements.                                                                                                  |

Bitcoin Custody Agreement with BitGo

BitGo Trust Company, Inc. (“BitGo”)is
a trust company incorporated on 14 September 2018 under the laws of the State of South Dakota with LEI 254900QXDWGM1T0HGF47 and
with its registered office located at 6216 S Pinnacle Pl #101, Sioux Falls, SD 57108, United States. BitGo, a trust company duly
organized and chartered