Bequant — Institutional Trading Infrastructure & Prime Services

1. Legal Basis

These Sustainability Disclosures are published pursuant to Article 66(5) of Regulation (EU) 2023/1114 on markets in crypto-assets (“MiCA”) and Commission Delegated Regulation (EU) 2025/422 (“CDR (EU) 2025/422”), which prescribes the templates, methodology, and content for sustainability-related disclosures by crypto-asset service providers. These disclosures cover the reference period 1 January 2025 – 31 December 2025 and relate to the principal adverse environmental indicators associated with the crypto-assets supported by Bequant Pro Limited.

1.1

These disclosures apply to Bequant Pro Limited (“BEQUANT PRO”) in its capacity as a crypto-asset service provider offering OTC execution services across the crypto-assets listed in Section 3 below.

1.2

Disclosures are prepared using the mandatory templates prescribed by CDR (EU) 2025/422 and are reviewed annually or upon material changes to the supported asset universe or methodology.

2. Scope and Data Sources

2.1

Bequant Pro Limited does not itself operate mining, staking, or validation infrastructure for any of the networks covered by these disclosures. BEQUANT PRO does not operate nodes, mining equipment, or validator software and therefore does not have direct access to primary energy consumption data.

2.2

All sustainability data contained in these disclosures is sourced from publicly available network data, disclosures published by the relevant blockchain foundations, and data aggregators as specified in Section 5. Where exact figures are not publicly available, conservative estimates aligned with the CDR (EU) 2025/422 methodology are applied and clearly identified as estimates.

2.3

These disclosures are prepared using the MiCA Delegated Regulation disclosure templates. Network-specific quantitative data tables are published as a supplementary annex to this document and updated annually.

3. Covered Networks

The following 15 networks underlie crypto-assets supported by BEQUANT PRO during the reference period. Sustainability indicators for each network are addressed in the accompanying data annex.

Asset	Network Type	Consensus Mechanism	Note
BTC	Bitcoin	Proof of Work	Energy-intensive; Bitcoin Mining Council data used
ETH	Ethereum	Proof of Stake	Transitioned to PoS (The Merge, September 2022)
LTC	Litecoin	Proof of Work	Scrypt algorithm
BCH	Bitcoin Cash	Proof of Work	SHA-256 algorithm
DOGE	Dogecoin	Proof of Work	Scrypt algorithm
ETC	Ethereum Classic	Proof of Work	Ethash algorithm
SOL	Solana	Proof of Stake	Tower BFT consensus
BNB	BNB Chain	Proof of Staked Authority	Delegated consensus
ADA	Cardano	Proof of Stake	Ouroboros protocol
TRX	TRON	Delegated Proof of Stake	27 Super Representatives
AVAX	Avalanche	Proof of Stake	Snowman consensus
DOT	Polkadot	Nominated Proof of Stake	NPoS
TON	Toncoin	Proof of Stake	BFT consensus
ATOM	Cosmos	Tendermint BFT	Interchain Security
NEAR	NEAR Protocol	Proof of Stake	Nightshade sharding

4. Principal Adverse Indicators

Pursuant to CDR (EU) 2025/422, Bequant Pro Limited discloses the following principal adverse environmental indicators for each supported network, as set out in the accompanying data annex:

(a)

Energy Consumption.Annualised energy consumption in kilowatt-hours (kWh) per transaction, sourced from network foundation data and third-party research. For Proof of Work networks, estimates are derived from publicly available hashrate and efficiency data.

(b)

Greenhouse Gas Emissions.GHG emissions expressed in grams of CO₂ equivalent per transaction (gCO₂eq/tx). Emissions factors applied are aligned with those used by the Cambridge Centre for Alternative Finance (“CCAF”) and the Intergovernmental Panel on Climate Change (“IPCC”) regional grid emission factors.

(c)

Renewable Energy Share.The estimated percentage of energy consumption attributable to renewable energy sources, expressed as a percentage of total energy consumption. Data sourced primarily from the Bitcoin Mining Council (for BTC) and foundation disclosures (for PoS networks).

(d)

Non-Renewable Energy Share.The estimated percentage of energy consumption attributable to non-renewable energy sources, expressed as a percentage of total energy consumption. This is the complement of the renewable energy share figure at indicator (c).

Network-specific quantitative data tables for the above indicators are provided in the supplementary data annex to this disclosure, updated for the reference period 1 January 2025 – 31 December 2025.

5. Methodology

5.1

Primary Data Sources.Quantitative data is sourced from the following authoritative publications and datasets: (a) Bitcoin Mining Council — quarterly sustainable mining reports; (b) Ethereum Foundation — post-Merge energy consumption disclosures; (c) Cambridge Centre for Alternative Finance (CCAF) — Cambridge Bitcoin Electricity Consumption Index (CBECI) and related datasets; and (d) network-specific foundation reports published by Solana Foundation, Cardano Foundation, and other relevant bodies.

5.2

Estimation Methodology.Where exact data is not publicly available for a specific network or reference period, conservative estimates are applied using the methodological framework prescribed by CDR (EU) 2025/422. All estimates are clearly identified as such in the accompanying data annex. Estimates are revised in subsequent reporting periods as more precise data becomes available.

5.3

Limitations.Data quality and completeness varies across networks. Proof of Stake networks generally have lower and more readily quantifiable energy consumption than Proof of Work networks. Users of this disclosure should note that all figures represent estimates based on available public data and may differ from actual network-level consumption.

6. Review

6.1

These Sustainability Disclosures are reviewed annually, or more frequently where material changes in network characteristics, consensus mechanisms, or available data sources occur. The date of the most recent review is 08 April 2026. The next scheduled review covers the reference period 1 January 2026 – 31 December 2026.

7. Contact

Purpose	Contact
Sustainability enquiries	compliance@bequant.pro
Registered office	The Core, Valley Road, Msida, MSD 9021, Malta