Mint and Redemption of Index Tokens

Minting refers to the creation of new index tokens that track the performance of a professionally curated basket of assets. Redemption is the reverse process—exchanging index tokens for the underlying basket assets or stablecoins.

These operations are available exclusively to whitelisted users who meet specific eligibility criteria and complete all required verification procedures, including KYC, AML, and CFT checks. Minting and redemption are conducted on-demand and privately, ensuring compliance and control.

Users who are not whitelisted can still access index tokens through secondary markets (e.g., DEXs or CEXs on Solana). However, they do not hold any legal or contractual right to redeem tokens for underlying assets or make claims on the basket.