A tokenized equity is a share, a custodian, an oracle and a chain, chained together. grizk covers the four ways that chain breaks. Each peril has a trigger the chain can read, a window, and a payout formula. Nothing else is covered, and nothing here is up for interpretation.
The token trades persistently below the reference price of the share. Causes: redemption friction, custodian doubt, liquidity collapse.
The underlying share is halted, suspended or delisted and the token cannot be redeemed for longer than the threshold.
The issuer or custodian fails: missed reserve attestation, regulatory seizure, insolvency notice, or on-chain default flag.
The reference price feed is stale, diverges from independent sources, or is manipulated beyond a bound, causing realised loss on the covered position.
Price. If the share falls 40%, the token falls 40%, and that is investing. grizk covers plumbing, not markets.
Perils without a readable trigger. Fraud allegations, lawsuits, reputational events. If a contract cannot read it, we cannot pay on it.
Assets scoring above 80. Not offered, at any premium.
Positions opened after a breach timer started. You cannot buy cover on a fire that is already burning.
Pick the asset, notional and term. Pay the premium in USDC. Cover is active from the next block and attaches to your wallet's balance of the asset, up to notional. You can hold more than notional; only notional is covered.