Terms of Service
Effective Date: March 19, 2026 | Updated March 2026
These Terms of Service (“Terms”) govern your access to and use of capitaltokenization.com (“the Site”), operated by The Vanderbilt Portfolio AG (“we,” “us,” or “our”), a company registered in Zurich, Switzerland. Please read these Terms carefully before using the Site.
1. Acceptance of Terms
By accessing or using the Site, you agree to be bound by these Terms and our Privacy Policy. If you do not agree to these Terms, you must not access or use the Site. The Site provides institutional intelligence on capital markets tokenization including bond tokenization, equity tokenization, institutional infrastructure, and private markets. These Terms apply to all visitors, subscribers, and users of the Site, whether accessing content through direct navigation, search engines, social media links, or any other referral mechanism.
We reserve the right to modify these Terms at any time. Material changes will be posted on this page with an updated effective date. Your continued use of the Site after such changes constitutes acceptance of the revised Terms. We encourage you to review these Terms periodically.
2. No Investment Advice — Financial Services Disclaimer
Content published on Capital Tokenization is for informational and educational purposes only. Nothing on this Site constitutes investment advice, financial advice, trading advice, tax advice, legal advice, or any other form of professional advice. You should not treat any content on this Site as a recommendation to buy, sell, hold, or otherwise transact in any security, token, digital asset, tokenized instrument, fund interest, or financial product of any kind.
Analysis of JPMorgan Onyx, Goldman Sachs GS DAP, BlackRock BUIDL, Broadridge DLR, HSBC Orion, or any other entity, platform, or tokenized instrument profiled on this Site does not constitute an endorsement, recommendation, solicitation, or offer to buy or sell any financial instrument.
Coverage in our entity profiles, comparison analyses, or dashboard trackers reflects research interest and journalistic coverage, not investment opinion.
2a. Capital Markets and Securities Data Disclaimer
Specific data points on this Site — including but not limited to tokenized bond issuance volumes, fund AUM figures, daily repo transaction volumes, platform adoption metrics, and market projections — are sourced from institutional reports, regulatory filings, corporate disclosures, and on-chain data as described in our methodology. These figures:
- Represent snapshots at the time of publication and may not reflect current values
- Are sourced primarily from McKinsey & Company, Bank for International Settlements (BIS), World Economic Forum (WEF), IOSCO, Broadridge Financial Solutions, and individual institutional disclosures
- May contain estimates, projections, and forecasts that are inherently uncertain and may not materialise
- Are subject to material revision as the capital markets tokenization sector develops
Market projections and forecasts cited on this Site — including McKinsey’s $4-5 trillion digital securities issuance projection by 2030, WEF’s $15-20 billion annual savings estimate, BIS estimates of $100 billion+ in capital efficiency improvements, and the $16 trillion total RWA on-chain projection — are forecasts prepared by their respective authors for general informational purposes. They are not guarantees of future performance. Actual outcomes may differ materially from projected figures.
Tokenized securities data — including figures for tokenized U.S. Treasuries, repo tokenization volumes, bond issuance tracking, private credit origination, and PE fund tokenization — are derived from on-chain data, institutional press releases, and regulatory filings. We do not guarantee the completeness or real-time accuracy of any quantitative figure on this Site.
Historical performance of any tokenized instrument, fund, or platform referenced on this Site is not indicative of future performance. Capital markets tokenization is a nascent and rapidly evolving sector. Investors in tokenized instruments, including tokenized bonds, tokenized equity instruments, tokenized fund interests, and on-chain private credit, may lose some or all of their investment.
2b. Capital Markets Tokenization Risk Disclosure
Capital markets tokenization involves complex, interconnected risks that are distinct from traditional securities investment and that you should understand before engaging with any tokenized instrument:
Regulatory risk: The legal and regulatory status of tokenized securities varies significantly across jurisdictions. Instruments that are legally treated as securities in one jurisdiction may be treated differently in another. Regulatory frameworks are evolving, and changes to securities laws, digital asset regulations, or custody rules (including rules issued by the SEC, ESMA, FCA, MAS, FINMA, or other regulators) could materially affect the value, transferability, or legality of tokenized instruments you hold.
Technology risk: Tokenized instruments rely on blockchain infrastructure, smart contracts, and digital custody systems. These systems are subject to: smart contract vulnerabilities and exploits; blockchain network disruptions, forks, or attacks; digital custody key management failures; interoperability failures between tokenization platforms; and vendor or counterparty technology failures.
Liquidity risk: Many tokenized instruments — including private equity token interests, tokenized real estate, and tokenized private credit — have limited secondary market liquidity. The tokenization of an asset does not guarantee the ability to sell at a fair price or within a desired timeframe. Tokenized secondary markets are nascent and may exhibit wide bid-ask spreads, thin order books, or temporary suspension of trading.
Custody risk: Digital custody of tokenized instruments depends on the security of private key management systems. Even institutional-grade custodians such as BNY Mellon use HSM and MPC key management systems that, while substantially more secure than retail alternatives, are not entirely without risk. Loss of private keys or compromise of custody infrastructure could result in permanent, unrecoverable loss of custodied assets.
Counterparty risk: Tokenized instruments involve counterparty relationships with issuers, platforms, custodians, and smart contract operators. The insolvency, fraud, or operational failure of any counterparty in the tokenization chain could impair your rights as a token holder.
Market risk: Tokenized representations of real-world assets (bonds, equities, real estate, commodities) remain subject to the same market risks as their underlying assets — interest rate risk, credit risk, equity market risk, and commodity price risk — in addition to the technology and regulatory risks specific to tokenization.
You should conduct your own thorough research and consult with qualified financial, legal, and tax advisors before making any investment decisions related to topics discussed on this Site.
3. Intellectual Property
All content, data, analysis, research, design elements, code, graphics, logos, and compilation of information on the Site are the property of The Vanderbilt Portfolio AG and are protected by Swiss and international copyright, trademark, and intellectual property laws. This includes but is not limited to our fixed-income research, equity tokenization analysis, institutional infrastructure coverage, private markets intelligence, and all dashboard data presentations.
You may not reproduce, redistribute, republish, scrape, mirror, frame, or create derivative works from Site content without prior written permission from The Vanderbilt Portfolio AG. Brief quotations (not exceeding 200 words) with proper attribution and a hyperlink back to the original page are permitted for editorial, academic, and commentary purposes under fair use principles.
Systematic downloading, data mining, or automated collection of Site content through bots, scrapers, or similar mechanisms is strictly prohibited. Violation may result in immediate access restriction and legal action.
4. Data Accuracy and General Disclaimers
While we strive for accuracy in all dashboard metrics, entity profiles, and market comparisons, we make no representations or warranties — express or implied — regarding the completeness, accuracy, reliability, suitability, or timeliness of any content on the Site. Capital markets tokenization is a rapidly evolving sector where data can change significantly between publication and reading.
The Site may contain links to third-party websites, including regulatory bodies, financial institutions, and industry organizations such as the BIS and IOSCO. We do not control, endorse, or assume responsibility for the content, privacy policies, or practices of third-party sites.
5. User Conduct
When using the Site, you agree not to: (a) use the Site for any unlawful purpose or in violation of any applicable laws or regulations; (b) attempt to gain unauthorized access to any portion of the Site, its servers, or connected networks; (c) interfere with or disrupt the Site’s functionality, security, or performance; (d) use automated tools to access or scrape content, except standard search engine crawlers that respect our robots.txt; (e) impersonate any person or entity, or falsely claim affiliation with any person or entity; (f) transmit viruses, malware, or other harmful code; or (g) use the Site in any manner that could damage, disable, or impair our servers or infrastructure.
6. Limitation of Liability
To the maximum extent permitted by applicable law, The Vanderbilt Portfolio AG, its directors, employees, agents, and affiliates shall not be liable for any direct, indirect, incidental, special, consequential, or punitive damages arising from or related to: (a) your use of or inability to use the Site; (b) any content on the Site, including errors, omissions, or inaccuracies in data or analysis; (c) any investment, business, or financial decisions made based on content from the Site; (d) any unauthorized access to or alteration of your data or transmissions; or (e) any third-party content, services, or conduct accessed through the Site.
This limitation applies regardless of the legal theory under which damages are sought, including negligence, breach of contract, strict liability, or any other basis. In jurisdictions that do not permit the complete exclusion of liability, our liability is limited to the maximum extent permitted by law.
7. Indemnification
You agree to indemnify, defend, and hold harmless The Vanderbilt Portfolio AG, its directors, employees, and agents from and against any claims, liabilities, damages, losses, and expenses (including reasonable legal fees) arising out of or related to: (a) your use of the Site; (b) your violation of these Terms; or (c) your violation of any rights of a third party.
8. Advertising Disclosure
Capital Tokenization is monetised through Google AdSense advertising. Advertisements displayed on the Site are served programmatically by Google based on your browsing profile and are not endorsed by Capital Tokenization. We receive advertising revenue when visitors view or interact with advertisements on the Site. This advertising relationship does not influence our editorial coverage, data reporting, or research conclusions. See our Cookie Policy for information on how advertising cookies work on this Site.
9. Governing Law and Jurisdiction
These Terms are governed by and construed in accordance with the laws of Switzerland, without regard to conflict of law provisions. Any disputes arising from or related to these Terms or your use of the Site shall be submitted to the exclusive jurisdiction of the courts of the Canton of Zurich, Switzerland. Notwithstanding the foregoing, we reserve the right to seek injunctive or other equitable relief in any court of competent jurisdiction to protect our intellectual property rights.
10. Severability
If any provision of these Terms is found to be invalid, illegal, or unenforceable by a court of competent jurisdiction, the remaining provisions shall continue in full force and effect. The invalid provision shall be modified to the minimum extent necessary to make it valid and enforceable while preserving its original intent.
11. Entire Agreement
These Terms, together with our Privacy Policy and Cookie Policy, constitute the entire agreement between you and The Vanderbilt Portfolio AG regarding your use of the Site. These Terms supersede any prior agreements, communications, or understandings regarding the Site.
12. Contact
Questions about these Terms: info@capitaltokenization.com
The Vanderbilt Portfolio AG, Zurich, Switzerland