The information on this page has been approved by Rapaport Flagship Limited. Your use of this website is subject to your agreement to the following terms and conditions. Access to information on this website may be restricted by laws and regulations applicable to you or your location. Persons in respect of whom such prohibitions apply must not access this website. By continuing to access this website, you acknowledge your acceptance of these terms:
The information and material on this website are provided for information purposes only and are not to be used or considered to be an offer or solicitation to buy, sell or subscribe to any securities or other financial instrument or investment.
No Investment Advice
Nothing on this website shall be considered to be providing investment advice to you. Specifically, any information contained on these pages does not constitute our investment policy or an investment recommendation, but merely the different assumptions, views and analytical methods of those who prepared it. The information, opinions and estimates expressed herein reflect a judgment as of its original publication date and are subject to change without notice. We do not intend to provide investment or other advice to you or any other party via this website, and no information or material available through our web site should be relied upon for the purpose of making or communicating investment or other decisions. Your access of this website does not result in us agreeing to be your investment adviser. We shall have no responsibility to provide you with investment advice until such time as we enter into a written agreement to provide such advice.
No information or opinion whatsoever expressed in this web site should be construed as a solicitation, an offer or recommendation to acquire, sell or dispose of any investment or to engage in any other transaction. None of the investments referred to in this web site are available, and prospectuses in respect of them will not be distributed, to persons resident in any country (and in particular no distribution in Switzerland or in the United States), state or jurisdiction where such distribution would be contradictory to local law or regulation.
Although we attempt to ensure that the information on this website is accurate and complete at the time of publication and has been obtained from sources believed to be reliable, no warranty expressed or implied is made to its accuracy, reliability, actuality and completeness by us. We accept no liability for any loss or damage (including, without limitation, any loss of profit or any other direct or indirect damage) arising from any use made of information contained in this web site. Opinions and any other contents on the site are subject to change without notice.
The information on this website does not take into consideration the specific investment objectives, financial situation or particular needs of any person that enters into a relationship with Rapaport Flagship Limited. The value and income of any investment and the income they generate may decrease or increase. The market value of securities or financial instruments may be affected by changes in economic, financial or political factors, time to maturity, market conditions and volatility, or the credit quality of any issuer, reference issuer, borrower. Investors may not recover the amount invested. Foreign currency rates may have a positive or adverse effect on the value, price or income of any security or related investment. Many factors may affect the value of an investment, and accordingly, investors effectively assume all risks and may receive back less than they had originally invested. Past performance should not be taken as an indication or guarantee of future performance and no representation or warranty, expressed or implied, is made by Rapaport Flagship Limited regarding future performance.
The Counterparties the fund select to invest through and/or be serviced by pose a risk. In particular, the economic and legal exposure to any bank, broker, exchange, or online investment platform operators poses a significant risk.
Risks specific to Crowdfunding Portal Operators
Specific risks exist when investing in Crowdfunding Portals which may adversely affect the investment performance. These include but are not limited to insolvency of the Platform Operator, the use of sub-par underwriting methodologies by the Platform Operator, non or insufficient verification of borrower or collateral details by the Platform Operator. Platform Operators are legal entities which are often lightly or not regulated. Platform Operators may undertake fraudulent activity or fall victim to fraud committed by borrowers or other parties. Platform Operators often do not prepare audited results of their operations and as such there is a heightened risk of accounting irregularities or misstatements. There is heightened legal risk which can manifest in the disability of a Platform Operator to take legal measures to force a borrower to make good in its repayment liability, or disability to seize assets which served as collateral, and in particular to take legal measure against a personal guarantor of a corporate loan to make good on its guarantee. In the event of insolvency of a Platform Operators, borrowers via the platform may deliberately reduce repayments of their loans, and interest accruing upon and following a bankruptcy of a Platform Operator or similar proceeding may not be paid and may not be part of the allowed claim of investors.
The applicable law governing the equity or loan agreement and/or the service agreements of the crowdfunded assets is different for each Crowdfunding Portal. Even though any legal proceedings against defaulting borrowers will be undertaken by the relevant Platform Operator, some legal uncertainties may arise as to the lender’s rights, especially in the case of insolvency of the Platform Operator.
Risks specific to Cryptocurrencies
Trading and financing trades in Digital Tokens, e.g., Bitcoin, entails certain risks. This risk disclosure statement cannot and does not disclose all risks and other aspects involved in holding, trading, or engaging in financing or financed transactions in Digital Tokens. Risks include, but are not limited to, the following.
Market risk: The market for Digital Tokens is still new and uncertain. Whether the price for one or more Digital Tokens will go higher or lower, or whether a particular Digital Token will lose all or substantially all of its value, is unknown. This applies whether the betting long or short on any Digital Token.
Liquidity risk: Markets for Digital Tokens have varying degrees of liquidity. Some are quite liquid while others may be thinner. Thin markets can amplify volatility. There is never a guarantee that there will be an active market for one to sell, buy, or trade Digital Tokens or products derived from or ancillary to them.
Legal risk: The legal status of certain Digital Tokens may be uncertain. This can mean that the legality of holding or trading them is not always clear. Whether and how one or more Digital Tokens constitute property, or assets, or rights of any kind is also unclear.
Counterparty risk: Having Digital Tokens on deposit or in a custodian relationship with any third party has attendant risks. These risks include security breaches, risk of contractual breach, and risk of loss.
Financing risk: When financing a purchase or sale of Digital Tokens on a peer-to-peer basis, investors run the risk of losing their provided financing. Similarly, when accepting financing to enter a trading agreement, invesors accept the risk of not being able to repay that financing.
51% attacks: Transactions in cryptocurrencies based on Blockchain technology are subject to what is referred to as “51% attacks”. The transactions on the Blockchain are processed by Miners and this processing consumes much computing power. The technology has a known vulnerability in case any one Miner is able to process more than 50% of the transactions throughput. In this case this Miner may be able to change the transaction history in a way that will benefit him or herself to the detriment of other holders of the cryptocurrency. A successful such attack may lead to complete loss of confidence in the cryptocurrency and rapid deterioration in its price potentially until it becomes worthless.
Unauthorized or Erroneous Use: The distributed ledger used to keep track of ownership and transfers of Cryptocurrencies, i.e., that Cryptocurrency’s Blockchain, does not allow for central control by any person or entity. Therefore, all transactions, even erroneous or unauthorized ones are irreversible. Even though Cryptocurrency Wallet providers implement state of the art online security measures, it can happen that an unauthorized person is able to gain control of investors’ wallets and issue unauthorized payments. In the case of unauthorized transfer of Cryptocurrency, the stolen assets may never be recovered. Even though the wallet address to which the stolen Cryptocurrencies were transferred to by the perpetrator is in many cases known, the identity of the perpetrator may never be found. Similarly, the irreversible nature of the transactions in Cryptocurrencies means that an erroneous payment made may not be reversed and the receiving party may not be reachable or influenced to issue a new payment to overturn the erroneous one. An unauthorized or erronous use can arise with respect to a Cryptocurrency wallet in direct control of investors or with respect to a Cryptocurrency wallet which is in the control of a counterparty in the context of a depository or custodian relationship.
Risks specific to Private Equity Investments
Any investment in unlisted equity securities involves a high degree of risk. Equity ranks junior to all other forms of securities offered by a company and is therefore a speculative investment. Most start-ups fail, and any investment, either via a crowdfunding platform or privately arranged is more likely to lose all of its invested capital than see a return of capital or a profit.
The companies that post equity financing projects on Crowdfinancing Portals are unlisted and will not be subject to the protections the Listing Rules that any regulated securities exchange or public market enforces.
Any start-up or private equity investment made will be highly illiquid. While secondary markets exist, there is no highly liquid secondary market for the shares of the investee companies. This means that any shares subscribed to are unlikely to be available for sale until and unless the investee company floats on a securities exchange or is bought by another company. Even for a successful business, a flotation or purchase is unlikely to occur for a number a years from time of the equity financing.
Local Law Restrictions
This website and its pages are not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of, or located in, any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation.
Copyright and Reproduction Notice
All material available on this website, unless otherwise specifically indicated, is subject to copyright with all rights reserved by Rapaport Flagship Limited. The material is freely usable for browsing purposes only and requires express mention of Rapaport Flagship Limited in the event the material or any part thereof, is reproduced in any form, written or electronic. Additionally, any re-publication of this material requires the express written consent of Rapaport Flagship Limited.
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Nothing contained on this Site is intended as, or constitutes, an offer to buy or sell or any solicitation of any offer to buy or sell any securities or investments. This Site provides general information about Rapaport Flagship Limited (the “Company”) only and does not constitute investment advice. If you are unclear about any of the information on this Site, please contact an independent financial adviser before making any investment or financial decisions. Any decision to make an investment should not be made on the basis of information contained in this Site.
You may download or print copies of the reports or information contained within this Site for your own private use only; all other copying, reproducing, transmitting, distributing or displaying of material on this Site (by any means and in whole or in part) is prohibited.
No warranty is made as to the accuracy or completeness of any information on this Site. Any price information or indications of past performance on this Site are for information purposes only, are subject to change without notice and can in no way be construed as a guarantee of future performance.
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