Legal Disclaimer

1. Company Information

Company Name: White Elephant Capital Co., Ltd.
Business Type: Research and Strategic Advisory Services
Registered Offices: Bangkok, Thailand & Singapore
Website: whiteelephant.capital

2. Nature of Our Services

W.E. Capital offers the following services to institutional clients, asset owners, and qualified professionals:

Research Services

• Market analysis and industry research on RWA tokenization trends
• Sector-specific feasibility studies (real estate, infrastructure, private credit)
• Regulatory landscape analysis for Thailand, Singapore, and Southeast Asia
• Token economics and valuation frameworks (for educational purposes)

Strategic Advisory Services

• General guidance on tokenization frameworks and structures
• Education on blockchain technology and digital asset ecosystems
• Introduction to technology providers, legal advisors, and service partners
• Strategic planning for digital transformation initiatives

Educational Services

• Workshops, seminars, and training programs on RWA topics
• Published research reports and thought leadership content
• Corporate training on blockchain and tokenization concepts

All services are provided on a consulting and advisory basis only. We do not execute transactions, manage investments, or make specific investment recommendations to individual clients.

3. What We Are NOT

To ensure complete transparency, we explicitly state that W.E. Capital is NOT any of the following:

• Licensed Investment Advisor: We are not registered or licensed to provide personalized investment advice under Thai SEC or MAS regulations
• Fund Manager: We do not manage investment funds, mutual funds, private funds, or any pooled investment vehicles
• Securities Dealer/Broker: We do not buy, sell, or facilitate transactions in securities, tokens, or any financial instruments
• Digital Asset Service Provider: We do not operate exchanges, wallets, custody services, or any regulated digital asset business
• Financial Planner: We do not provide comprehensive financial planning, tax advice, or estate planning services
• Custodian: We never hold, store, or have custody of client funds, digital assets, or securities
• Insurance Provider: We do not offer insurance products or guarantee protection of capital
• Legal Advisor: While we may discuss legal considerations, we are not qualified to provide legal advice and recommend clients consult licensed attorneys

4. What We DO NOT Do

W.E. Capital explicitly does NOT engage in the following activities:

• Accept Client Funds: We never receive, hold, or manage money on behalf of clients
• Execute Trades: We do not place orders, execute transactions, or act as intermediary for buying/selling assets
• Discretionary Management: We do not make investment decisions on behalf of clients
• Guarantee Returns: We make no promises, guarantees, or predictions about investment performance
• Issue Securities/Tokens: We do not create, issue, or distribute investment tokens or securities
• Operate Exchanges: We do not run trading platforms or marketplaces for digital assets
• Provide Custody: We never store private keys, seed phrases, or access credentials for client assets
• Offer Margin/Leverage: We do not provide lending or leverage for investment purposes
• Solicit Investments: We do not actively market specific investment products to retail investors

5. Investment Risks & Warnings

Investing in digital assets and tokenized real-world assets involves substantial risk. Before making any investment decision, you must understand and accept the following risks:

Market Risks

• Volatility: Digital asset prices can fluctuate dramatically within short periods
• Liquidity Risk: You may not be able to sell tokens when desired or at expected prices
• Market Manipulation: Smaller markets may be subject to price manipulation
• Loss of Capital: You can lose some or all of your invested capital

Technology Risks

• Smart Contract Bugs: Coding errors can result in permanent loss of funds
• Blockchain Failures: Network congestion, forks, or technical issues can impact assets
• Custody Risks: Loss of private keys means permanent loss of access to assets
• Cybersecurity: Hacking, phishing, and fraud are prevalent in the digital asset space

Legal & Regulatory Risks

• Regulatory Changes: Laws governing digital assets are evolving and uncertain
• Compliance Risk: Tokens may be deemed securities requiring registration
• Cross-Border Issues: International transactions may face legal complications
• Tax Implications: Digital asset transactions may have complex tax consequences

Asset-Specific Risks

• Underlying Asset Risk: Real estate, infrastructure, and other RWAs have inherent risks
• Issuer Default: Token issuers may fail to perform their obligations
• Valuation Uncertainty: Fair market value of tokenized assets may be difficult to determine
• Limited Track Record: RWA tokenization is a nascent industry with limited historical data

6. No Guarantees or Promises

W.E. Capital makes absolutely no representations, warranties, or guarantees regarding:

• The accuracy, completeness, or timeliness of any research or information provided
• The suitability of any strategy, asset, or approach for your specific circumstances
• Future performance, returns, or outcomes of any investment
• The success or failure of any tokenization project or initiative
• The regulatory treatment or legal status of any token or digital asset
• The integrity, honesty, or competence of third-party service providers we may introduce

Past performance is not indicative of future results. Any historical data, case studies, or examples provided are for illustrative purposes only and do not guarantee similar outcomes.

7. Third-Party Services & Partnerships

W.E. Capital may introduce clients to or work alongside various third-party service providers, including:

• Licensed digital asset exchanges and trading platforms
• Custody providers and wallet services
• Blockchain technology companies and developers
• Legal firms specializing in securities and blockchain law
• Accounting and tax advisory firms
• Tokenization platforms and issuance service providers

Important Disclaimers About Third Parties

• W.E. Capital does not control, endorse, or guarantee the services of third-party providers
• We are not responsible for the performance, misconduct, or failure of any third party
• Clients must conduct their own due diligence before engaging any service provider
• We may receive referral fees or compensation from partners (disclosed upon request)
• Third-party services are governed by their own terms, conditions, and licenses

Always verify that any service provider you engage holds the appropriate licenses and registrations required in your jurisdiction.

8. Regulatory Compliance

Thailand Regulatory Environment

In Thailand, W.E. Capital operates as a research and consulting firm. We are mindful of regulations enforced by:

• Securities and Exchange Commission (SEC): We do not offer services requiring SEC licensing
• Digital Asset Act: We do not operate as a digital asset business or service provider
• Anti-Money Laundering Office (AMLO): We maintain KYC procedures for consulting clients

Singapore Regulatory Environment

In Singapore, our advisory services are structured to comply with:

• Monetary Authority of Singapore (MAS): We do not provide services requiring MAS licensing
• Payment Services Act: We do not facilitate payments or remittances
• Securities and Futures Act: Our research is for general information, not personal advice

Cross-Border Considerations

Clients located in other jurisdictions should be aware that:

• W.E. Capital's services may not be available in all countries
• You are responsible for understanding and complying with your local laws
• Investing in foreign digital assets may have tax and legal implications
• We do not provide advice on jurisdiction-specific regulations outside Thailand and Singapore

9. Limitation of Liability

To the fullest extent permitted by law, W.E. Capital, its directors, officers, employees, and affiliates shall not be liable for any:

• Direct, indirect, incidental, consequential, or punitive damages
• Loss of profits, revenue, data, or business opportunities
• Investment losses or poor investment performance
• Errors, inaccuracies, or omissions in research or advisory materials
• Actions taken (or not taken) based on information we provide
• Misconduct, negligence, or failure of third-party service providers
• Technical failures, security breaches, or system downtime
• Changes in laws, regulations, or market conditions

Acknowledgment of Risk

By engaging our services or using our website, you acknowledge that:

• You have read and understood this disclaimer in its entirety
• You accept full responsibility for your investment decisions
• You will not hold W.E. Capital liable for any losses or damages
• You have the financial capacity to bear potential losses
• You will seek independent professional advice as appropriate

10. Your Responsibilities

As a user of W.E. Capital's services or website, you are responsible for:

• Conducting Your Own Research: Perform thorough due diligence before any investment
• Seeking Professional Advice: Consult licensed financial, legal, and tax advisors as needed
• Understanding Risks: Fully comprehend the risks of digital assets and tokenization
• Verifying Information: Cross-check all data and claims from multiple sources
• Compliance: Ensure your activities comply with all applicable laws in your jurisdiction
• Security: Protect your own accounts, passwords, and private keys
• Tax Obligations: Report and pay taxes on digital asset transactions as required
• Monitoring Investments: Actively monitor any investments you make

Sophisticated Investor Acknowledgment

Our services are designed for sophisticated and institutional investors who:

• Have substantial knowledge of financial markets and investment risks
• Can independently evaluate investment opportunities
• Have the financial resources to sustain potential losses
• Do not require personal financial advice from us

If you do not meet these criteria, our services may not be suitable for you, and you should not rely on our research or guidance.

11. Changes to This Disclaimer

W.E. Capital reserves the right to update or modify this Legal Disclaimer at any time without prior notice. Changes will be effective immediately upon posting to our website. It is your responsibility to review this page periodically for updates.

Continued use of our services or website after changes constitutes acceptance of the revised disclaimer.

Governing Law

This disclaimer and any disputes arising from it shall be governed by the laws of Thailand and Singapore (as applicable to the specific service engagement). Any legal action must be brought in the appropriate courts of these jurisdictions.