Why Bron Exists

The Problem

Custodial solutions for institutions start at $3,000 per month and up. Seed phrase wallets are free — until a lost phrase or compromised backup costs you everything. For well-informed users (regardless of their portfolio size), high-net-worth individuals, family offices, and smaller funds, neither option works.

Bron was built to eliminate this trade-off and empower everyone to store and operate their crypto like the smart money does.

Team Behind Bron

Bron was built by Dmitry Tokarev, founder and former CEO of Copper. Over seven years, he helped grow the firm into a digital asset custodian safeguarding tens of billions in assets, while building the MPC cryptography and core security architecture that underpins Bron today — infrastructure that operated at Copper without ever compromising customer funds.

That same cryptographic foundation, which is still trusted by institutions with billions, now powers Bron. Bron builds and maintains the open-source cryptography and the product, but holds no keys and cannot access user wallets. We secure the infrastructure, users control their funds.

Our Principles

Product First

Bron is a product-first company that happens to have a token, not a token project that happens to have a product. If you do not find value in the Bron Wallet, think twice before acquiring the BRON token.

No Equity Company

Many crypto projects separate equity and tokens in ways that can misalign incentives between the operating company and token holders. Bron has taken a different structural approach.

Bron has no equity company. The Foundation, the founders, every team member, and early supporters hold only tokens. These are heavily locked and only unlock following a transparent schedule (see section “Token Unlock Schedule”). Tokens held by users who acquired them inside their Bron Wallet, together with a portion of the Foundation’s allocation, are unlocked. A single token design ensures alignment of everyone’s incentives.

Supporters, Not Investors

In early 2025, a group of over 120 early supporters, early adopters and industry veterans, subscribed to a SAFT for BRON tokens worth $15 million. No single participant subscribed to more than $1 million, as we kept concentration intentionally low (the median subscription was $40,000). These are people who know the space, know the team from our Copper days, and believe in what we are building.

No Airdrops

BRON has real economic utility: it grants access to the most secure and full-featured self-custody wallet in the industry. We do not give BRON away for free. We are aware that this might be unpopular with some of our more crypto-native users, but the decision is final and reflects our product-first approach. Our view is that airdrops attract short-term participants who sell immediately, dilute value for genuine users, and create artificial activity metrics that mislead everyone.

We prefer growing with people who see value in what we are building.

No Immediate Exchange Listings

BRON is a utility token. BRON was issued in 2025 by Bron Issuer Ltd. Secondary market liquidity is currently provided by independent third-party Solvers through the Bron Intents protocol. Bron Intents has undergone extensive third-party security audits and is being progressively decentralized.

Holding a qualifying amount of BRON grants access to the product without any monthly subscription fees, for as long as the token balance is maintained.

There are no immediate plans to list the token on centralized exchanges. Building genuine traction through utility is the priority.

Built to Last

Bron is well capitalized with treasury reserves exceeding $40m, excluding BRON token holdings.

We have an efficient and highly skilled team that has worked together for nearly 10 years. The products and systems we have built continue to underpin how institutions safely deploy billions of dollars in this industry.

Our focus now is to execute our vision of building the best self-custodial wallet in the market, and to make sure crypto is never again stored using outdated and dangerous technology like the seed phrase.

Token Distribution, Vesting and Unlocks

Total Supply

The total initial supply of BRON is 10,000,000,000 tokens. This is a hard cap and no additional tokens can be created.

No buyback or burn program is in operation. In the future, Bron group might introduce a buyback program and permanently burn purchased tokens, reducing the total supply over time.

Current Unlocked Tokens Allocations

As of 30th of April 2026, updated monthly:

Proceeds from any historic or future BRON token sales by Bron group entities are used to fund the development and operation of the Bron Wallet software.

Token Unlock Schedule

Token unlocks use a dual mechanism: user-growth milestones with a time-based schedule as a fallback. Tokens unlock at whichever condition is met first. A user is defined as a workspace that either holds tokens or has an active subscription qualifying it for at least the Basic Tier.

For the purposes of calculating paid users in the unlock schedule, each tier is weighted to reflect its relative token commitment: a Basic user counts as 0.1, a Pro user as 1, an Enterprise user as 10, and a Founders Club member as 30.

All percentages in the table below are cumulative. The first row shows where we currently are.

BRON Tier Requirements

Holding BRON vs. Paying a Subscription

Bron Wallet access can be maintained either by paying a monthly subscription, or by holding a qualifying amount of BRON tokens for the desired tier. Holding tokens grants access for as long as the user HODLs.

The token holding requirements per tier are fixed and will not be increased or decreased, while subscription prices may change in the future.

Fiat subscribers and BRON holders have access to the same features at their tier level.

Supply Constraints

Since the total supply is 10 billion tokens, at 10,000 BRON per Basic wallet, the theoretical maximum number of Basic-equivalent wallets that can be bought using tokens is 1,000,000. In practice, the number is lower:

• A single Founders Club wallet (3,000,000 BRON) absorbs the equivalent of 300 Basic equivalents
• An Enterprise wallet (1,000,000 BRON) absorbs 100 Basic equivalents
• A Pro wallet (100,000 BRON) absorbs 10 Basic equivalents
• Early supporters, team, and founders’ allocations (subject to locks) as well as token buybacks further reduce the tokens available for wallet access

Token requirements for tiers will not be increased or decreased. Each tier acquired through BRON tokens reduces the remaining undistributed allocation.

Accessing a higher tier means paying lower fees, with Founders Club Tier members not paying any fees to Bron (they use all the features at cost).

Tiers Left to be Purchased in Tokens

As of April 30, 2026, the Foundation’s remaining token allocation can still fund a finite number of wallets if those wallets are paid for in BRON tokens rather than fiat subscriptions. The graph below shows how many wallets are still available at each tier.

On a standalone basis, the Foundation’s available token allocation could support up to 383,000 Basic tier wallets, or 38,000 Pro tier wallets, or 3,800 Enterprise tier wallets, or 1,270 Founders Club seats — but not all of them at the same time.

All tiers draw from the same finite pool of the Foundation’s tokens. If, for example, all 1,270 Founders Club seats are purchased, no tokens remain for Basic, Pro or Enterprise wallets. Any combination of tier purchases reduces the supply available for all other tiers until the Foundation’s allocation is fully sold. Token buybacks (if and when enabled) may reduce this number further.

Tiers available, as of April 30, 2026. Mutually exclusive: all tiers draw from the same finite pool of Foundation tokens.

BRON Used as Solver’s Collateral

To become a solver on Bron Intents, a solver must post BRON tokens as collateral. The collateral requirement is at least 2x the value of intents the solver is allowed to process at any point in time.

This requirement ensures users can be made whole without further impact in the event a solver cannot complete a swap or suffers some otherwise compromising event.

For example: a solver who wants to process a $1 million intent must post $2 million worth of BRON as collateral. If a second intent for $500,000 arrives before the first is settled, the solver cannot access it unless they add $1 million worth of BRON to their collateral.

In addition to posting collateral, solvers pay a fee in BRON to access Bron Intents. This fee is automatically deducted from the solver’s collateral. If the value of a solver's collateral drops below the 2x requirement, they must top it up. In practice, most intents are fulfilled within minutes, so the 2x requirement provides a high level of protection to all the users.

Solvers active on Bron Intents are required to hold BRON tokens as collateral for the duration of their participation. The collateral requirement scales with the size of intents each solver can process concurrently.

Summary

BRON is a utility token integral to the day-to-day operation of the Bron self-custodial wallet. Holding a qualifying amount of BRON grants access to a paid tier of the product in place of a monthly subscription, and every solver must post BRON as collateral to access the Bron Intents protocol. All users, early supporters, Bron Foundation, team & founders hold BRON tokens and there is no equity company. Tokens purchased on the secondary market are unlocked, while tokens of early supporters, team & founders and partly the Foundation are locked subject to the unlock schedule above.

Important Information and Restrictions

Nature of BRON. BRON is a utility token intended to provide digital access to the Bron Wallet software, which exists and is in operation. The Bron group entities do not consider BRON to be a transferable security, financial instrument, e-money token, asset-referenced token, deposit, investment product, or collective investment scheme under the laws of any jurisdiction. BRON does not represent any equity, debt, profit-sharing, dividend, voting or governance right in any Bron group entity.

Issuer. BRON tokens were issued by Bron Issuer Ltd, a company incorporated in the British Virgin Islands.

No offering document. BRON is a utility token providing access to a good or service that exists and is in operation. No offering document, prospectus, or equivalent regulatory disclosure has been published in connection with BRON tokens. This page is not, and is not intended to constitute, an offering document, prospectus, or marketing communication for any regulatory purpose.

Restricted persons and jurisdictions. Access to BRON tokens and to certain Bron Wallet features is not available to, and this page is not directed at, persons in the United Kingdom, or any jurisdiction subject to comprehensive sanctions administered by the United Nations, the European Union, the United Kingdom, or the United States, or any other jurisdiction where such access would be unlawful (together, “Restricted Jurisdictions”). No offer or solicitation is made to any person resident in, or accessing this page from, a Restricted Jurisdiction. It is the user’s responsibility to ensure that any acquisition, holding or use of BRON tokens complies with the laws of their jurisdiction.

Risk factors. Holding or interacting with BRON tokens involves significant risks, including without limitation: (i) the risk of total loss of value; (ii) volatility and illiquidity; (iii) smart contract, cryptographic and operational risk; (iv) regulatory risk, including the risk that the legal characterisation or treatment of BRON tokens changes in any jurisdiction; (v) the risk that secondary market liquidity ceases to be available; and (vi) the risk that wallet access tiers, fees or token requirements are modified in the future. Past performance of any related product or affiliated business is not a reliable indicator of future performance of BRON or the Bron Wallet.

Forward-looking statements. Statements on this page concerning future plans, vesting schedules, unlock milestones, supply management or product development are forward-looking and subject to change. No Bron group entity undertakes any obligation to update such statements, and no Bron group entity guarantees that any future event or outcome will be achieved.

No advice. Nothing on this page constitutes investment, legal, tax or other professional advice. Prospective users should conduct their own assessment and, where appropriate, consult their own advisers before acquiring, holding or using BRON tokens.