Non-Transferable Token Logic

To prevent speculative behavior and preserve the vault’s internal pricing logic, all ERC-20 tokens issued by REDCAP are:

• Non-transferable during the active vault period

• Unwrappable at vault end (or via gated DeFi wrapper in future)

• Bound to wallet adress

This design ensures:

• Accurate NAV per holder

• No secondary market manipulation

• Controlled liquidity and exit strategy

🔐 It’s not DeFi. It’s collectible-native capital structuring.