Ownify Risk Disclosure
LEGALLY APPROVED — reviewed and confirmed by Rita, acting as an authorized legal/counsel representative for Redge Inc. — 2026-10-04. Version 2026-10-04-legally-approved-1.
Read this before you list, buy, hold a fraction, stake or otherwise use Ownify with anything of value. It states plainly what the Service does not do and what can go wrong. It is not exhaustive.
1. The beta has no value, and previews have no value
Until a feature is marked Live on /launch-status, every amount you see is a simulated ledger entry or a test-network token. It cannot be withdrawn, sold or redeemed. Trust scores on sample listings are illustrative. Nothing you do in the beta or a preview entitles you to anything later.
2. Ownify verifies signatures, not the world
A signature proves who said something and that it has not been altered. It does not prove the statement is true. Whether an item exists, is authentic, is where the owner says, or is worth what the listing says, rests on the evidence filed, on the reviewers who attest to it, and on custody. Evidence can be forged. Reviewers can be wrong. The trust score is a heuristic, not a guarantee.
3. Everyone who vouches is, today, connected to the operator
Every vetted entity — the reviewers who complete verification layers, the custodian, both arbiters, the return inspector and the carrier oracle — is operated or appointed by Redge Inc. during the beta and until independent entities are onboarded. They are independent of the buyer and the seller in a given order, but not of Ownify. Ownify also holds the key that draws arbiters and signs settlement permits, and the governance key that vets entities and switches features. You are trusting Ownify's operation and integrity.
4. An Ownify record is not automatically legal title
An Ownify record, token, verification status or attestation is evidence about statements and actions on the Service. It does not by itself establish legal ownership of a physical or off-chain asset. A valid transfer may require delivery, assignment documents, registration, endorsement, notarisation or other formalities under applicable law. A blockchain settlement can therefore complete while a separate defect in legal title or transfer remains.
5. Custody of physical items cannot be verified by software
"Custody-held" means a custodian says it holds the item. The Service cannot check that. A dishonest or negligent custodian can lose, damage or sell an item. Custody claims carry a bond, which may not cover the loss.
6. Settlement rules decide mechanically
Orders have deadlines. If you miss one, the rules move the order without you: a silent buyer releases funds to the seller after the inspection window; a seller who does not ship is refunded against and loses part of the bond; a disputed delivery with only the seller's word may refund the buyer even if the item arrived. Under $500 there is no delivery signature, so a parcel stolen from a doorstep is plausible and may be split. You must act within the windows. Read the policy in the Terms and the Arbiter Rulebook before you trade.
7. Arbitration can be wrong, and appeal is limited
Arbiters decide on evidence within days under a rulebook. They can err, be deceived by forged documents, or be silent (in which case a backup or a mechanical default decides). Where appeals are enabled, a single appeal to a three-arbiter panel is the only recourse, and it costs a bond that is forfeited if the ruling stands. Where appeals are not enabled there is no appeal. A ruling is final within the Service; it does not stop you pursuing the counterparty elsewhere, but Ownify does not assist with that.
8. Bonds, deposits and clawbacks are real losses
If you lose a dispute, your bond or deposit is slashed or forfeited and part of it pays the arbiter. Stakes escalate with your history, up to five times. In custody-first sales, proceeds are held for 14 days and can be clawed back if a claim challenge is upheld; fraction holders share such clawbacks pro-rata, including holders who bought after the challenged sale.
9. Fractions may be securities, and may be illiquid
Fractions do not automatically give holders direct legal co-ownership of the underlying item. Their rights depend on the applicable listing and legal structure. Fractions of an asset, revenue distributions, buyouts and votes may constitute securities or collective-investment interests in your jurisdiction and in ours. Ownify's ability to offer them depends on regulatory clearance recorded on /launch-status; that clearance can be withdrawn, at which point the feature switches off. Fractions have no market maker. You may be unable to sell a fraction at any price. A buyout can compel the sale of your fractions at the pro-rata bid price if the required majority of other holders votes yes.
10. Revenue figures are the issuer's statements
A yield or revenue figure on a listing is the issuer's own statement, attested at most by a vetted data provider. Revenue distributions are funded by the issuer if and when the issuer chooses to. The protocol does not pay, guarantee or enforce any yield.
11. Smart contracts and blockchains
When settlement is Live, funds are held in smart contracts on a public blockchain. Contracts can contain defects despite audits; a defect can lock or lose funds with no recourse. The chain can halt, reorganise or be censored; Robinhood Chain is operated by a single sequencer and launched in July 2026. Transaction fees are paid in the chain's native token, which you must obtain. Bridges that move funds onto or off the chain are third-party systems with their own failure modes. Transactions are irreversible; sending to a wrong address is a total loss.
12. Stablecoin risk
Settlement uses a US-dollar stablecoin (at launch, USDG issued by Paxos). Its value depends on the issuer's reserves, its regulatory status and its redemption terms. Ownify does not issue, back or redeem it. Issuer actions (freezes, blacklists) can affect funds held in our contracts.
13. Keys and wallets
Whoever controls your wallet controls your listings, orders and funds. Lost keys cannot be recovered by Ownify. A browser session key disappears when the session ends and cannot transact on a blockchain; anything recorded under it stays recorded. Malicious browser extensions, phishing sites and signing requests you do not understand can drain a wallet.
14. Fees and taxes
Fees are deducted from seller proceeds as the Fee Schedule states and may change prospectively. Gains, losses, revenue distributions and token receipts may be taxable in your jurisdiction. Ownify does not report, withhold or advise on tax.
15. Insurance pool is discretionary
A share of fees accrues to an insurance pool. Payouts from it are approved by governance case by case and capped by the pool's balance. It is not insurance in a regulated sense and creates no entitlement.
16. OWN token
Where the OWN token is Live, it is a fixed-supply governance and utility token with staking that shares a portion of protocol fees. It confers no ownership of Ownify, no dividend right and no claim on assets. Its value may be zero. Staking has a seven-day unstake delay during which the token remains exposed. Regulatory treatment of the token may change and may require Ownify to switch it off.
17. Operator, regulatory and continuity risk
Ownify may change, suspend or discontinue the Service or any feature at any time, including under legal compulsion. Regulatory clearances recorded on /launch-status can expire or be revoked, switching features off immediately while existing orders run out under their terms. If Ownify ceases operation, on-chain contracts continue to function for withdrawals, timeouts and rulings by already-assigned arbiters, but no new permits will be issued and no new reviews or custody will be available.
18. Data permanence
Signed records and blockchain transactions are permanent and public. Anything you record under your wallet address stays associated with it.
19. No advice
Nothing on the Service is investment, legal, tax or valuation advice. Prices are asking prices set by sellers; price histories on sample listings are illustrative and not market data. Decide for yourself and consult a professional.