TX positions itself as an “operating system for tokenization” focused on tokenized U.S. stocks and real-world assets (RWAs), offering an end-to-end stack for issuance, compliant distribution, and secondary trading (marketplace).

Project Function

Key products/services include:

• Tokenized U.S. Stocks & RWAs: End-to-end stack for issuing, distributing, and trading tokenized real-world assets and U.S. equities.

• Wallet-Native Marketplace: A secondary trading venue with a native order book (TX Order Book).

• White-Label Issuance Stack: Tools for issuers with built-in compliance and access to a network of regulated financial intermediaries (e.g., Texture Capital as a U.S. broker-dealer partner).

Token Utility

TX is the result of a governance-proposed unification of the Coreum and Sologenic ecosystems:

• Transaction Fees: Used to pay for on-chain transactions across the TX network.

• Governance Participation: Token holders can participate in protocol governance (e.g., the Coreum on-chain proposal to merge ecosystems was governance-driven).

• Staking & Validator Incentives: Native staking rewards funded by protocol inflation compensate validators and delegators for securing the network.

About the Founders

Michael McCluskey — CEO, TX

• Appointed CEO of Sologenic in January 2025, now leading TX post-merger. Michael has a background in traditional finance and fintech, brought on to steer the project through its next growth phase and navigate the regulatory landscape.

Bob Ras — Co-Founder of Sologenic, Coreum & CoreNest Capital; Advisory Board, TX

• Investor and serial entrepreneur with influence in technology, blockchain, and manufacturing. Bob was also the Co-Founder & GP at CoreNest Capital and co-founded both Sologenic and Coreum. He also founded manufacturing ventures including Hardex, with multiple successful exits.

Risks of TX

Like an investment in other crypto assets, there are some general risks to investing in TX. These include: (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in TX is subject to the following specific risks:

• TX operates using smart contracts, which have an association with vulnerabilities and security breaches. Despite undergoing successful audits by well-regarded third-party entities, it is essential to acknowledge the existence of inherent risks.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with TX. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The TX community and TX founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of TX have no recourse to the TX community, TX founding team, or Uphold if TX declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing TX on the Uphold Platform, Uphold performed due diligence on TX and determined that TX is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following:

• The creation, governance, usage, and design of TX, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community.

• The supply, demand, maturity, utility, and liquidity of TX.

• Any marketing materials put forward by the TX social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.

• Material technical risks associated with TX, including any code defects, security breaches and other threats concerning TX and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.

• Legal and regulatory risks associated with TX, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of TX.