Dear Certificate holder,

As one of our key partners at Knaken & goSettle, we greatly appreciate your trust and continued involvement. We would like to provide you with a brief update on the steps we are taking. As a valued partner in our growth, we find it essential to provide you with a transparent and strategic update on the important steps we are taking. Your trust is the foundation of our success, and we want to keep you informed about the developments that strengthen the value and future of both Knaken and goSettle.

We are currently in a crucial phase in which we are making significant investments in regulation and technology, establishing a solid foundation for future scalability and value creation.

The MiCA license process: A strategic opportunity

As you may know, the new European crypto regulation, Markets in Crypto-Assets (MiCA), came into effect this year. We do not view this as an obstacle, but rather as a strategic opportunity to position Knaken as a leading and fully regulated entity in Europe.

Knaken is currently fully engaged in the extensive application process for the MiCA license. This is a complex trajectory that requires substantial investments of time, capital, and resources in the areas of compliance, legal structuring, and technical requirements. 

The value of a MiCA license

Obtaining this license is far more than a formality, it's crucial and it represents a fundamental increase in the company’s value. 

A MiCA license enhances credibility, opens doors to new institutional partners and markets, and provides a significant competitive advantage in a transforming industry. It not only ensures our continuity, but would also strengthen our position as one of the most reliable players in the sector.

Expanding the Payment Network

goSettle, our innovative payment network, has made important progress in bridging the gap between digital assets and the traditional economy. The technology enables users to directly utilize all types of digital assets for any kind of payment.

Below are the specific updates per product:

1. goSettle Cash (ATM Network)
The rollout of our ATMs experienced a brief delay. However, this was a deliberate strategic decision to proactively involve the Dutch Central Bank (DNB) from the very beginning. We are pleased to report that we have now finalized our ATM product to the satisfaction of DNB, and we have received the green light to begin rollout. Our plan is to deploy the first machines in early 2026 across major cities and European casinos.

2. In-Store Payments (POS)
The technical integration with our partner Buckaroo for in-store (POS) payments has been successfully completed. The public launch is now aligned with the release of Buckaroo’s next-generation payment terminals, expected in Q1 2026.

3. Online Payments and New Partnerships
In addition to the completed POS integration, we are pleased to announce that we will soon be revealing partnerships with a new Payment Service Provider (PSP) and a new Crypto Asset Service Provider (CASP).

Learn more about our vision

For further insight into our strategic vision and the product developments at goSettle, we invite you to watch the recent Crypto Insiders podcast episode, where our CEO Ronald Jonkers provides a detailed explanation.

For factual updates on the above, including new partner integrations and the latest news, we encourage you to follow the official goSettle channels: gosettle.com, Instagram, LinkedIn, and X.

Kind regards,

The Investment Team
Stichting Administratiekantoor Knaken investors