TITAN4 represents equity in a Guernsey protected cell company (a form of special purpose vehicle) invested in financing claims through equity-linked notes held by Titan IV Cell in a private Lux SPV.
The underlying investment will fund the claims recovery process pursued by a law firm on behalf of claimants by subscribing to the private Lux SPV’s Secured Limited Recourse Notes.
For more information: https://capital.bitfinex.com/titan4
Useful links
USTBL (USTBL) — Frequently Asked Questions (FAQ)
1. Who is the issuer?
Ctrl Alt PCC Ltd. Under the Bitfinex Securities Business Rules, the Issuer is responsible for the offering documents relating to the Underlying Asset and undertakes ongoing obligations relating to the tokens.
2. What is the role of the Trust and the Trustee?
The Trustee will issue the TITAN4 tokens which represent an economic interest in the Underlying Asset pursuant to the terms of the Trust, the Bitfinex Securities Business Rules and agreement with Ctrl Alt PCC Ltd. The Trustee will also hold in its capacity as trustee (or appoint a nominee to hold) the Underlying Assets in accordance with trust documents and agreement with Ctrl Alt PCC Ltd. The Trust is established in the British Virgin Islands for the purposes of entering into trust documents and related agreements, to hold the trust fund on trust to perform the obligations under these agreements, and use the trust fund to satisfy any fees and expenses not otherwise paid.
3. Who can invest in TITAN4?
Investor participation in secondary market trading will be limited to (1) corporate investors, (2) individual investors able to make a minimum $100K USD equivalent purchase, or (3) investors that have been assessed as professional.
Learn how to become assessed as an Individual Accredited Investor on the Bitfinex Securities platform.
The offering is not open to Prohibited Persons and/or Prohibited Jurisdictions, including US investors.
4. What is the Underlying Asset?
TITAN4 represents equity in a Guernsey protected cell company (a form of special purpose vehicle) invested in financing claims through equity-linked notes held in a private Lux SPV.
The underlying investment will fund the claims recovery process pursued by a law firm on behalf of claimants by subscribing to the private Lux SPV’s Secured Limited Recourse Notes.
5. When does TITAN4 mature?
Up to 3 years with 1-year extensions at the discretion of the Issuer.
6. What are the economics of the investment?
The Underlying Asset attracts a return comprised of a 50% share of the success fee on claim recovery proceeds after costs.
7. What blockchain will TITAN4 be issued on?
The Token will be issued on the Liquid Network using Blockstream AMP, which enables sending, receiving, and storing digital tokens that require authorization from the token issuer to move funds. The issuer maintains a whitelist of accounts that have passed KYC/AML compliance and jurisdiction requirements. Accounts that are not included in the whitelist are not able to send, receive, or store tokens.
8. Are there any other restrictions?
In accordance with Guernsey regulatory requirements, investors cannot acquire a >= 25% position without first completing additional KYC checks.
9. Can I withdraw TITAN4 to my wallet?
Withdrawals may be enabled at a later date.
10. What are the risks associated with TITAN4?
Please see the risk factors outlined in the offering documents.
11. Who is the regulator overseeing this listing?
The Astana Financial Services Authority (AFSA)
12. What is the difference between Titan2 and Titan4?
Titan4 represents an additional tranche of investment into the same underlying asset as Titan2, structured through a separate issuance vehicle.