Are my digital ounces of precious metals protected in the event that CyberMetals becomes insolvent (unable to pay its debts) or files bankruptcy?
Yes. CyberMetals has been formed as a separate legal entity known as a special purpose entity (“SPE”), so that it is ‘”bankruptcy remote.” Because CyberMetals is “bankruptcy remote,” any assets of CyberMetals are generally isolated from certain risks such as CyberMetals’ or its parent company’s liquidation or bankruptcy. As an SPE, there are many restrictions in place that make it difficult for CyberMetals to file bankruptcy. In other words, the restrictions that exist make the chances of a bankruptcy filing by CyberMetals remote. In the event that CyberMetals’ parent company files for bankruptcy, CyberMetals’ assets, including your digital ounces of precious metals, would be isolated from any of the parent company’s creditors.