Chapter 8 · Business model and ecosystem

Trading fees as core revenue
Web3 and incentives explored in phases

Fee schedules will be set by product type, trading volume, and service scope, and made clear through public rates and service agreements. The platform will continually assess technology, security, compliance, and support costs, and plan product build against actual revenue and operating costs to improve sustainability.

Sustainable operations and institutional services

8.1 Revenue structure

Trading fees and institutional services

Fiserv Exchange plans trading fees as its core revenue source, and will expand institutional accounts, data APIs, and technology-service revenue as the business develops. Fee standards will be set by product type, trading volume, and service content, and made clear through public rates and service agreements.

  • Trading fees (core revenue)
  • Institutional account services
  • Data APIs
  • Technology-service revenue

8.3 Incentive programs

Long-term participation, rules first

The platform plans incentives around user service, strategy development, liquidity contribution, and community building, with clear participation conditions, reward budgets, and payout rules to support long-term involvement.

User service

Clear participation conditions and reward rules.

Strategy development

Support for quantitative and strategy contributions.

Liquidity contribution

Incentives and conflicts of interest are managed.

Community building

Reward budgets and payout rules disclosed in advance.

8.2 Web3 expansion

Multi-chain wallets, DeFi access, and project services

The platform plans to gradually explore multi-chain wallets, DeFi application access, and blockchain project services to expand digital asset management and use cases. Related features will clearly describe custody methods, operational authorization, and third-party service boundaries so users understand responsibilities and risks.

Ecosystem partnerships will be driven by technical compatibility, security assessment, and real demand. Smart contracts, cross-chain services, and external protocols will be evaluated on an ongoing basis, with exception handling and exit arrangements.

  • Multi-chain wallets
  • DeFi application access
  • Blockchain project services
  • Exception handling and exit arrangements
Platform token →
Web3 and digital asset management

9.3 Market expansion

Markets chosen by regulation, demand, and capacity

The platform will select target markets based on local regulatory requirements, user demand, and service capacity, and will gradually improve multilingual support, localized operations, and institutional partnerships. Web3 features will advance with security assessment and partnership conditions. Progress in each phase will follow actual build and evaluation results. Service regions, product launches, and material changes will be disclosed promptly through official channels.

Reg

Local regulation

Products open only after access is assessed for the service region.

Local

Language and operations

Multilingual support and localized operations, built over time.

Inst.

Institutional partnerships

Institutional cooperation expands with service capacity.