Cookie Policy

Cookie Policy

Effective Date: March 19, 2026 | Updated March 2026

Capital Tokenization (capitaltokenization.com) is operated by The Vanderbilt Portfolio AG, Zurich, Switzerland. This Cookie Policy explains what cookies and similar tracking technologies we use on our site, why we use them, and how you can manage your preferences. This policy should be read alongside our Privacy Policy and Terms of Service.

We are committed to transparency about data collection. If you have questions after reading this policy, contact us at info@capitaltokenization.com.

What Are Cookies?

Cookies are small text files placed on your device (computer, smartphone, or tablet) when you visit a website. They allow websites to remember information about your visit — such as your preferred language, login status, or items in a shopping cart — so that your next visit is easier and the site is more useful to you.

Cookies are not programs and cannot carry viruses or malware. They cannot access other files on your device. However, they can be used to track your behaviour across websites when set by third parties such as advertising networks.

Similar technologies include:

• Web beacons (pixel tags): Tiny invisible images embedded in web pages or emails that record whether a page was opened, and by which IP address.
• Local storage: Browser-side data storage that persists beyond session end, used by some analytics and advertising tools.
• Session storage: Temporary browser-side storage cleared when the browser tab is closed.
• Fingerprinting: A statistical method of identifying browsers based on browser version, installed fonts, screen resolution, and other attributes. We do not engage in fingerprinting but third-party advertising SDKs we use may.

Categories of Cookies We Use

1. Strictly Necessary Cookies

Strictly necessary cookies are essential to the operation of capitaltokenization.com. Without these cookies, the site cannot function properly. They enable you to navigate between pages, access secure areas, and use features you have requested. Because these cookies are necessary, they cannot be turned off in our systems — though you can configure your browser to block them, which may break parts of the site.

Examples of strictly necessary cookies on this site include:

• Session management: Maintaining your session as you navigate between our fixed-income coverage, equities section, institutional infrastructure analysis, and private markets intelligence.
• Security tokens: CSRF protection tokens that prevent cross-site request forgery attacks.
• Load balancing: Server selection cookies that route your requests to the appropriate server instance.

These cookies do not collect personally identifiable information and are not used for marketing purposes.

2. Performance and Analytics Cookies

We use Google Analytics 4 (GA4) to understand how visitors interact with our content. These cookies collect information about:

• Which pages you visit and in what order
• How long you spend on each page
• Which device type and browser you use
• The referring website or search query that brought you to our site
• Geographic region (country/city level only)
• Whether you are a new or returning visitor

The data collected through GA4 is aggregated and anonymised before being transmitted to Google’s servers. We have configured IP anonymisation, meaning your full IP address is never stored. We use this data to improve editorial decisions — for example, identifying which entity profiles, dashboard trackers, or research sections generate the most reader engagement among institutional users.

The GA4 measurement ID used on this site transmits data to Google LLC, 1600 Amphitheatre Parkway, Mountain View, CA 94043, USA. Google processes this data in accordance with its Google Analytics Data Processing Terms. You may opt out of GA4 tracking by installing the Google Analytics Opt-out Browser Add-on.

3. Advertising Cookies (Google AdSense)

Capital Tokenization uses Google AdSense to display advertisements. Google AdSense uses cookies to serve advertisements that are relevant to you based on your browsing history. Specifically, Google AdSense may:

• Read cookies already present on your browser from previous Google interactions
• Set new cookies on your browser associated with Google’s advertising network
• Use “DoubleClick” cookies to track conversions and frequency of ad exposure
• Use cross-site tracking to infer interests and serve interest-based (behavioural) advertising
• Share aggregated audience segments with advertisers

Google’s advertising cookies may track your browsing activity across thousands of websites that participate in Google’s advertising network — not just capitaltokenization.com. This allows Google to build a profile of your browsing interests and serve advertisements matched to those interests.

You can manage Google’s advertising cookie preferences through:

• Google Ad Settings: https://adssettings.google.com
• NAI Opt-Out: The Network Advertising Initiative opt-out tool at https://optout.networkadvertising.org
• Your Ad Choices: The Digital Advertising Alliance opt-out at https://optout.aboutads.info

Note that opting out of interest-based advertising does not eliminate advertising from the site — it means that advertising shown will be less relevant to your browsing history.

Google’s privacy policy, which governs AdSense data processing, is available at https://policies.google.com/privacy.

4. Functional Cookies

Functional cookies enable enhanced functionality and personalisation. On capitaltokenization.com, functional cookies may be used to:

• Remember your display preferences (e.g., table sort order in our bond issuance tracker or institutional custody tracker)
• Store your consent preferences so we do not re-ask on each visit
• Enable embedded content from third-party services

These cookies may be set by us or by third-party providers whose services we use. If you disable functional cookies, some features may not operate as intended.

5. Third-Party Cookies

In addition to Google Analytics and Google AdSense, capitaltokenization.com may load content from third parties that set their own cookies. These include:

• Social sharing buttons: If we include social media share buttons, those networks may set cookies when the page loads, even if you do not click the button.
• Embedded documents: Documents embedded from SlideShare, Scribd, or similar platforms may set tracking cookies.
• External link tracking: Some outbound links to sources such as BIS publications, IOSCO reports, SEC filings, or industry research may involve referral tracking.

We do not control third-party cookies set by external services. You should consult the privacy policies of those services for details of their cookie practices.

Cookie Retention Periods

Your Rights Under GDPR (EEA and UK Residents)

If you are located in the European Economic Area (EEA) or the United Kingdom, the General Data Protection Regulation (GDPR) and UK GDPR provide you with rights regarding personal data processed through cookies:

Right to be informed: This Cookie Policy satisfies our obligation to inform you about cookie use before your data is processed.

Right of access: You may request a summary of personal data we hold about you processed through cookies. Contact: info@capitaltokenization.com.

Right to erasure (“right to be forgotten”): You may request deletion of personal data held about you. For data processed by Google Analytics or Google AdSense, you should also submit requests directly to Google.

Right to object: You have the right to object to processing of your personal data for direct marketing purposes, including interest-based advertising. You can exercise this right through the ad preference tools described above.

Right to withdraw consent: Where we rely on your consent to place non-essential cookies, you may withdraw that consent at any time through your browser settings or our consent management preferences. Withdrawal of consent does not affect the lawfulness of processing before withdrawal.

Legal basis for processing: Strictly necessary cookies are processed on the basis of legitimate interests (operating the website). Analytics and advertising cookies are processed on the basis of consent where required by applicable law.

Data transfers: Google Analytics and Google AdSense data is transferred to the United States. These transfers are subject to Google’s Standard Contractual Clauses, which provide appropriate safeguards under GDPR Article 46.

Your Rights Under CCPA (California Residents)

If you are a California resident, the California Consumer Privacy Act (CCPA) and the California Privacy Rights Act (CPRA) provide additional rights:

Right to know: You have the right to know what personal information we collect, use, disclose, or sell, including information collected through cookies.

Right to opt out of sale or sharing: California law defines “sale” broadly to include sharing personal data with third parties for advertising purposes. The use of Google AdSense cookies may constitute a “sale” or “sharing” under CCPA. To opt out, use the Google Ad Settings tool referenced above, or contact us at info@capitaltokenization.com to request opt-out processing.

Right to non-discrimination: We will not discriminate against you for exercising your CCPA rights. All site content remains accessible regardless of your advertising cookie preferences.

Do Not Sell or Share My Personal Information: California residents may exercise this right by contacting info@capitaltokenization.com with the subject line “CCPA Opt-Out Request.”

Managing Your Cookie Preferences

Browser settings: All major browsers allow you to control cookies through browser settings. You can typically set your browser to block all cookies, block third-party cookies only, or delete cookies when you close your browser. Instructions for major browsers:

• Chrome: Settings > Privacy and Security > Cookies and other site data
• Firefox: Settings > Privacy & Security > Cookies and Site Data
• Safari: Preferences > Privacy > Manage Website Data
• Edge: Settings > Privacy, search, and services > Cookies and site permissions

Note that blocking all cookies will significantly impair site functionality across capitaltokenization.com and most other websites.

Opt-out tools: Industry opt-out tools (NAI, DAA, Your Ad Choices) allow you to opt out of interest-based advertising from participating networks without disabling all cookies.

Our consent management: Where required by law, we present a cookie consent banner on first visit. You may revisit your consent preferences at any time by clearing your browser cookies, which will cause the consent banner to reappear on your next visit.

Changes to This Policy

We may update this Cookie Policy from time to time to reflect changes in technology, regulation, or our data practices. Material changes will be posted on this page with an updated effective date. We encourage you to review this policy periodically. Your continued use of capitaltokenization.com after any update constitutes acceptance of the revised policy.

This policy covers capitaltokenization.com only. Our sister sites within The Vanderbilt Portfolio network — including SEC Tokenization, Tokenised ETFs, ETF Tokenisation, and Tokenization Policy — maintain their own cookie policies.

Contact

For cookie-related inquiries, consent requests, data access requests, or opt-out requests:

Email: info@capitaltokenization.com Postal: The Vanderbilt Portfolio AG, Zurich, Switzerland

We aim to respond to all privacy-related inquiries within 5 business days. For technical queries about specific cookies observed on the site, please include the cookie name, domain, and your browser/OS in your message.

For more information on our broader data practices, see our Privacy Policy and Terms of Service.