DelphX Provides Shareholder Update on Quantem Crypto Securities (QCS) Hedging Program

Executive Summary

• DelphX Capital Markets provided an update on its Quantem Crypto Securities (QCS) hedging solution, highlighting recent Bitcoin price volatility and the growing need for institutional‑grade crypto risk‑management tools.
• A U.S. primary dealer is evaluating a proof‑of‑concept collaboration to deploy QCS within its digital‑asset infrastructure, and multiple digital‑asset treasuries are conducting due‑diligence on the platform.
• The company reiterated that implementation is not guaranteed and emphasized the high‑risk nature of the crypto market while positioning QCS as a strategic product for volatility control and capital preservation.

Key Details

• Market Context: Since mid‑September 2025, Bitcoin fell from > US$115,000 to < US$90,000 (cited sources: Bitcoin Magazine, Sep 15 2025; The Economic Times, Nov 17 2025).
• Product Positioning: QCS is a fully‑collateralized hedging solution designed to mitigate crypto volatility for institutional treasuries, asset managers, and corporate holders.
• Potential Collaboration: A U.S. primary dealer is assessing a proof‑of‑concept deployment of QCS within its existing digital‑asset infrastructure.
• Customer Interest: Multiple digital‑asset treasury teams are performing due‑diligence and scenario testing on the QCS hedge program.
• Commercialization Outlook: Successful implementation would represent a major step toward full commercialization, though no assurance of execution is provided.
• Risk Disclosure: The release reiterates that crypto markets are high risk and volatile; forward‑looking statements are subject to material uncertainties.

Notable Quotes

• “Implementation would represent a major step toward full commercialization of the QCS platform.” – Company statement emphasizing strategic significance.