# Disclaimer Please read this disclaimer carefully before using Fractit or interacting with any index token product. *** > **Important:** Fractit's index markets product involves significant financial risks including tracking error, liquidity mismatch, FX risk, regulatory risk, and counterparty risk. Nothing in this documentation constitutes financial advice or a solicitation to invest. *** ### 1. Product description Fractit Index Markets offers on-chain access to listed real estate sector index exposure through Canton-native index tokens. Each token is issued by a Fractit-linked SPV and is designed to track the economic performance of the relevant reference index through full replication of underlying exchange-listed constituent shares held in institutional custody. The user is not buying the reference index directly. The user is not buying listed shares directly. The user is buying an on-chain token that represents economic exposure to a fully replicated basket of underlying exchange-listed shares held off-chain by the SPV. *** ### 2. Not financial advice Nothing in this documentation, on the Fractit platform, or in any communication from Fractit constitutes financial, legal, tax, or investment advice. All investment decisions are made solely at the user's own risk and discretion. Users should seek independent professional advice before investing. *** ### 3. Index tokens are not securities Index tokens issued by Fractit are not securities, investment contracts, or units in a collective investment scheme under any jurisdiction's laws, unless explicitly stated otherwise by applicable regulatory authority. Users are solely responsible for determining the legal classification of these products in their own jurisdiction. *** ### 4. Restricted persons This product is not available to US persons or entities. Additional restricted jurisdictions may apply. Users in restricted jurisdictions who access the platform in breach of these restrictions do so entirely at their own risk and without any recourse against Fractit. *** ### 5. No guarantee of returns Past performance of any index, constituent company, or index token does not indicate future results. The value of index tokens may go up or down. Users may receive back less than they invested. *** ### 6. Smart contract and technology risk Fractit's Canton-native DAML contracts are developed with care and are subject to independent security audits. However, no audit guarantees the complete absence of vulnerabilities. There is always a risk that a technical vulnerability could result in partial or complete loss of funds. Users participate in this product with full acknowledgement of this risk. *** ### 7. Regulatory risk The product operates under the VARA virtual-asset framework and is subject to regulatory change. Fractit reserves the right to suspend, restrict, or modify the product in response to regulatory requirements at any time. *** ### 8. Formal launch notice This documentation describes a product that has been launched for DFMREIT and is in development for subsequent markets. Formal launch of each new market requires UAE or relevant local legal counsel, full regulatory mapping, licensed partner diligence, and official product documentation specific to that market before any public issuance or investor solicitation. *** ### 9. Use at your own risk THE FRACTIT PROTOCOL AND INDEX TOKENS ARE PROVIDED "AS IS" WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED. NO DEVELOPER, ENTITY, OR PARTNER INVOLVED IN CREATING OR OPERATING FRACTIT WILL BE LIABLE FOR ANY CLAIMS OR DAMAGES ASSOCIATED WITH YOUR USE OF THE PROTOCOL, INCLUDING ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, OR CONSEQUENTIAL DAMAGES OR LOSS OF ANY KIND. FRACTIT RESERVES THE RIGHT TO MODIFY THE PROTOCOL, ITS PARAMETERS, FEES, AND THESE TERMS AT ANY TIME. CONTINUED USE OF THE PLATFORM CONSTITUTES ACCEPTANCE OF ANY MODIFICATIONS. *** *Last updated: April 2026 ยท markets.fractit.com* --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.fractit.com/resources/disclaimer.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.