HYBOND is issued by OpenEden Digital Limited ("OED"), a Bermuda-registered Segregated Accounts Company ("SAC"), acting on behalf of Segregated Account HYBOND. HYBOND is a smart contract-based vault that offers investors direct, on-chain access to the BNY Global Short-Dated High Yield Bond Fund. Each HYBOND token is fully backed by the underlying assets of the fund. Token holders receive returns that reflect the performance of the underlying portfolio managed by BNY. The investment objective of the underlying fund is to deliver positive returns greater than the Cash Benchmark SOFR(90-day compounded) on a 3 year rolling basis. The fund aims to achieve its investment objective by investing the majority of its Net Asset Value, meaning over 50%, in a portfolio of high yielding bonds that generally mature or are expected to mature within 3 years. The remaining assets may be invested in a broad range of cash, liquid or near cash assets. In periods of market uncertainty, however, the fund may reduce its allocation in high yielding bonds and invest a majority of its assets in cash, liquid or near cash assets in order to protect the value of the fund.