Risks & legal

What can go wrong, and what Stock Tokens are.

Market risks

• Price. Stock Tokens track stocks that can lose value.
• Liquidity and slippage. Pools can be thin. The Chainlink band limits slippage, but amounts outside the band are queued, not executed.
• Batch timing. Queued amounts execute at the next open, at the batch price, which can differ from the price when you were paid.

Stock Token nature

Stock Tokens are tokenized debt securities issued by Robinhood Assets (Jersey) Limited. They are not shares, and do not give the rights of a shareholder. The issuer can freeze or pause a token.

Jurisdictions

Stock Tokens are not available to US persons and are restricted in the UK, Canada, Switzerland and other jurisdictions.

Sheaf does not verify users. Respecting local rules is your responsibility.

Smart contract risk

Smart contracts can have bugs. Audits are planned before mainnet; they reduce risk but do not remove it.

Not financial advice

Nothing in these docs or on sheaf.cash is financial, investment, legal or tax advice.