Company: DEFI
Filing Date: 2025-03-25
Form Type: POS AM
Source: 0001999371-25-003118
Chunk: 147

Company: Tidal Commodities Trust I
Filing Date: 2025-03-25
Form: POS AM
Chunk 147
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 the Merger, including the expenses associated with preparing and
filing this prospectus and the cost of copying, printing and mailing this prospectus.

Clearing Brokers

StoneX Financial Inc. – FCM Division
(f/k/a INTL FCStone Financial Inc. - FCM Division) (“StoneX”), and Phillip Capital Inc. (“Phillip Capital”)
serve as the Fund’s clearing brokers (the “Clearing Brokers”) to execute and clear the Fund’s futures transactions
and provide other futures brokerage-related services. The Clearing Brokers are each registered as an FCM with the CFTC, are members
of the National Futures Association (“NFA”) and are clearing members of all major U.S. futures exchanges. The Clearing
Brokers are also registered as broker-dealers (“BDs”) with the U.S. Securities and Exchange Commission (“SEC”)
and are each a member of the Financial Industry Regulatory Authority, Inc. (“FINRA”).

Except as indicated below, there have been
no material civil, administrative, or criminal proceedings pending, on appeal, or concluded against the Clearing Brokers or their
principals in the past five (5) years.

AML/KYC

The Trust takes measures with the objective
of reducing illicit financing risks in connection with the Trust’s activities. However, illicit financing risks are present
in the digital asset markets, including markets for bitcoin. There can be no assurance that the measures employed by the Trust
will prove successful in reducing illicit financing risks, and the Trust is subject to 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