What vault tokens entitle you to

Token holders are entitled to the following:

NAV-linked return on redemption: Each Token carries a pro-rata interest in the net asset value (NAV) of the relevant segregated account at the point of redemption. NAV is calculated by reference to the fair market value of the portfolio companies held in the account, rising as companies achieve geological milestones such as JORC-compliant resource upgrades, feasibility completions or trade sales.

Distributions on exit events: When a portfolio company is acquired or completes an IPO, sale proceeds flow to the SAC's segregated account and are distributed to token holders on a pro-rata basis. Returns are a function of underlying asset performance.

Statutory priority over general SAC creditors: By virtue of the statutory ring-fencing under the SAC Act, assets linked to each segregated account are held exclusively for the benefit of the account owners of that account. Creditors of the SAC's general account and creditors of every other Vault have no claims over your Vault's assets.

Secondary market liquidity: Token holders can transfer or sell their position to other KYC-verified participants on the permissioned AMM without requiring a project-level exit or formal NAV redemption.