2. Accessing Digital Assets

For many users, accessing digital assets in the first place is one of the most frustrating parts of the journey. Converting traditional currency (such as AUD) into digital assets can involve multiple steps, identity verification processes, different fee structures and unfamiliar interfaces — all of which create friction and discourage some people from engaging with digital assets at all. In addition, some users encounter restrictions or additional scrutiny from their existing financial institutions when transacting with digital asset service providers.

APPROACH

THAT seeks to reduce this friction by allowing users to connect with third-party, regulated service providers from within the THAT app.

The THAT app may include integrations or links to independent, licensed digital asset exchanges and other services that allow users to buy digital assets with their local currency. Where such integrations are available, users can initiate a purchase of THAT or other supported digital assets using their local currency, with any purchased assets withdrawn directly to a wallet address nominated by the user.

These services are operated entirely by third-party providers. Users enter into a direct relationship with the relevant provider and are subject to that provider’s own terms, conditions, onboarding processes (including any identity verification) and fee structures. The Company does not provide exchange, remittance or payment services, does not receive or hold users’ traditional currency as part of these transactions, and does not act as an agent or representative of any on-ramp provider.

As at the date of this whitepaper, the THAT app includes an integration with an Australian-based exchange provider for users in Australia. Availability of similar integrations in other regions will depend on independent third-party providers and applicable local requirements. The Company does not guarantee that any particular integration or service will be available in any given jurisdiction or at any particular time.

In addition, the THAT app may provide an interface to decentralized exchange (“DEX”) protocols that allow users to swap between THAT and other supported digital assets on a self-custody basis. Any such swaps occur directly on public blockchains via third-party smart contracts; the Company does not operate an exchange or matching engine, does not act as a counterparty to these swaps, and does not guarantee execution, pricing or the availability of any particular trading pair.