This product is designed to offer investors a means of investing in Tezos without having to acquire Tezos themselves and to enable investors to buy and sell exposure to Tezos and to participate in - at the discretion of and to the extent deemed possible by the Issuer - staking rewards associated with holding Tezos, by the trading of a security on a regulated European stock exchange. The Digital Security is backed and secured by Tezos. The product is intended for investors who intend to form and / or optimize assets in general and have an investment horizon in line with the recommended holding period stated below. The product is designed for investors with informed knowledge and / or experience with financial products who are able to bear a total loss of their investment and do not attach any importance to capital protection.