Glossary

A trading strategy whereby the same financial instrument is simultaneously bought and sold on different exchanges, to profit from temporary price differences. While arbitrage seeks to capture short-term opportunities arising from market volatility, it does not entirely eliminate the risks associated with trading these financial instruments.

Market capitalization refers to the aggregate value of a cryptocurrency's circulating supply (calculated as current price multiplied by the number of

tokens in circulation), which is commonly used as a key metric to weight and allocate assets within the bundle, ensuring larger, more established

cryptos receive proportionally greater representation to mirror market dynamics and reduce risk through diversification.

Volatility is a statistical measure of the dispersion of returns for a given bundle. It quantifies the degree of price fluctuation, and a higher volatility

generally indicates a greater level of risk.

A rules-based basket of individual crypto assets held via direct indexing (that is, clients own the underlying assets, not units in a pooled vehicle), constructed and maintained per the Crypto bundle methodology.

Maximum drawdown (MDD) is a key risk metric measuring the largest peak-to-trough percentage decline in an investment’s value over a specific period before a new peak is achieved. It represents the maximum potential loss an investor could have experienced, helping to assess downside risk, volatility, and capital preservation.

Dooya’s crypto asset investment service that provides a platform for clients to invest into individual crypto assets, or bundles of crypto assets, either on a discretionary basis (Category II), where authorised under the client mandate, or on a non-discretionary basis (Category I), where the client provides specific instructions, as applicable.

The rules-based framework governing bundle eligibility, construction, pricing sources, rebalancing/reconstitution frequency, buffer rules, and treatment of forks and distributions.

Dooya’s policy setting out best-execution standards, execution factors/criteria, and execution processes for arbitrage trading and the wealth management platform.