Investor information
Financial position, legal status, assets in custody at Anchorage Digital and information for shareholders of Linework USA Inc., summarized from the Company's 2026 documents. Each figure is shown with its date, source and nature.
The balance-sheet figures on this page come from a pro forma consolidated balance sheet prepared as a working draft by an independent Certified Public Accountant (CPA) from information provided by management (report dated August 18, 2026). It is not an audit, a review or a compilation report, no assurance is expressed on it, and it is not an SEC filing.
Pro forma consolidated balance sheet of Linework USA Inc. as of July 19, 2026 — working draft, unaudited.
| Item | Historical corporate balance | USD-L Reserve Program | Pro forma consolidated |
|---|---|---|---|
| Assets | |||
| Cash and Cash Equivalents | $2,985,699.83 | — | $2,985,699.83 |
| Investment — LWC Bonus | $1,946,200.42 | — | $1,946,200.42 |
| Investment — LWC Purchase | $7,013,576.48 | — | $7,013,576.48 |
| Investment — LWC Refund | $(1,436,152.00) | — | $(1,436,152.00) |
| Investment — Binance BTC | $8,584,761.25 | — | $8,584,761.25 |
| Investment — Binance ETH | $163,361,469.95 | — | $163,361,469.95 |
| Suspense Account | $16,719.85 | — | $16,719.85 |
| Total Current Assets | $182,472,275.78 | — | $182,472,275.78 |
| Linework Italy | $3,135,000.00 | — | $3,135,000.00 |
| Linework San Salvador | $18,000.00 | — | $18,000.00 |
| Total Other Assets | $3,153,000.00 | — | $3,153,000.00 |
| Digital Reserve Assets — USD-L ⚠ | — | $2,151,877,976.84 | $2,151,877,976.84 |
| TOTAL ASSETS | $185,625,275.78 | $2,151,877,976.84 | $2,337,503,252.62 |
| Liabilities | |||
| Other Payable — LWC Bonus | $13,546,616.00 | — | $13,546,616.00 |
| Other Payable — LWC Purchase | $7,013,576.48 | — | $7,013,576.48 |
| Other Payable — LWC Refund | $(1,436,152.00) | — | $(1,436,152.00) |
| Total Historical Liabilities | $19,124,040.48 | — | $19,124,040.48 |
| Token-Related Obligations — USD-L Reserve Program | — | $2,151,877,976.84 | $2,151,877,976.84 |
| TOTAL LIABILITIES | $19,124,040.48 | $2,151,877,976.84 | $2,171,002,017.32 |
| Stockholders' equity | |||
| Historical Stockholders' Equity | $166,501,235.30 | — | $166,501,235.30 |
| Reserve Program Equity / Balancing Amount | — | $0.00 | $0.00 |
| TOTAL STOCKHOLDERS' EQUITY | $166,501,235.30 | $0.00 | $166,501,235.30 |
Line items as named in the source document. Total liabilities and stockholders' equity: $2,337,503,252.62.
Not shown in the bars: Investment — LWC Refund, a negative balance of $(1,436,152.00).
The report presents $197.00 as the pre-discount fair market value per share and concludes a discount for lack of marketability (DLOM) of 8.50% for option strike setting. According to the accountant's documents, the 409A value is valuation information: it is not recorded as an increase to common stock, additional paid-in capital or stockholders' equity, which remains at its historical book value of $166,501,235.30.
The issuer, the documents sworn in Italy and the Group's intellectual property.
The Italian sworn translations of the independent accountant's documents on the USD-L Stablecoin Reserve Report as of July 19, 2026 — the report itself, the engagement completion letter and the CPA summary letter — were sworn before the Court of Salerno (Tribunale di Salerno, voluntary jurisdiction) in July 2026.
What they certify: the sworn statement (asseverazione) certifies that each Italian translation is faithful to the original document. It does not certify the content of the documents and it is not a court decision.
| Mark | Office and number | Classes | Holder | Status |
|---|---|---|---|---|
| LINEWORK (figurative mark) | EUIPO — EU trade mark 018652762 | 9, 35, 36, 38, 42, 45 | Linework Italia S.r.l. | Registered Registered on June 17, 2022 (filed February 11, 2022); renewal due by February 11, 2032 |
| LINEWORK logo (figurative mark) | EUIPO — EU trade mark 018652766 | 9, 35, 36, 38, 42, 45 | Linework Italia S.r.l. | Registered Registered on June 11, 2022 (filed February 11, 2022); renewal due by February 11, 2032 |
| Linework logo (design-only mark) | USPTO — application serial no. 98660248 | 9, 35, 36, 38, 42, 45 | Linework USA Inc. | Application filed Application filed on July 22, 2024 (Principal Register, filing basis Section 1(b)) |
Digital assets of Linework USA Inc. held with Anchorage Digital Bank National Association — a national trust bank chartered by the U.S. Office of the Comptroller of the Currency (OCC) — as reported in the monthly custody statements.
Statement for the period June 1, 2026 – June 30, 2026
| Asset | Quantity | Unit price | Value |
|---|---|---|---|
| Linework USA Common Share Token on Polygon LNWK_POLYGON | 27461434 | $78.36 | $2,151,877,968.24 |
| Polygon Ecosystem Token on Polygon POL_POLYGON | 112.036759405918843 | $0.06845 | $7.67 |
| Total holdings | $2,151,877,975.91 |
Movements in June: deposits on June 7, 2026 and June 8, 2026, including 27,461,434 LNWK_POLYGON.
Statement for the period July 1, 2026 – July 31, 2026
| Asset | Quantity | Unit price | Value |
|---|---|---|---|
| Linework USA Common Share Token on Polygon LNWK_POLYGON | 26244 | $78.36 | $2,056,479.84 |
| Polygon Ecosystem Token on Polygon POL_POLYGON | 83.126815862325780625 | $0.07128 | $5.93 |
| Total holdings | $2,056,485.77 |
Movements in July: withdrawals of 27,435,190 LNWK_POLYGON on July 14, 2026 and July 15, 2026, for a notional value of $2,149,821,488.40; no deposits.
Values are provided by Anchorage for reference only: prices come from third-party pricing sources or, where prices are unavailable or unreliable, from fixed pricing determined by the bank. Assets held at Anchorage Digital Bank are not insured by the FDIC and are not covered by SIPC. Account identifiers and wallet addresses are not published.
This page is provided for information purposes only. It is not an offer to sell, or a solicitation of an offer to buy, any security or token in any jurisdiction.
The financial figures are pro forma and unaudited, prepared from information provided by management. They are not financial statements prepared under an applicable financial reporting framework and they are not an SEC filing.
The custody values are those reported by the custodian for reference only. The 409A valuation was prepared for tax and accounting compliance purposes (IRC §409A and ASC 718) and is not a market price.
Forward-looking statements: statements about future events, plans or results are subject to risks and uncertainties, and actual outcomes may differ materially. Linework undertakes no obligation to update them.
Information is given as of the dates indicated and may not be updated.