01/07/2026 19:05
Preliminary remarks and purpose of the document
1.1 This notice (the “Notice”) is issued by Young Platform S.p.A. (hereinafter also “Young Platform”, the “Company” or the “Issuer”) for the purpose of describing, in a unitary and organic manner, the update to the operativity of the YNG Token (hereinafter also, simply, the “Token” or “YNG”) within the Company’s technological infrastructure, taking effect on 1 July 2026.
1.2 In particular, the Notice sets out: (i) the dismissal of the YNG Token trading service on the Young Platform Pro platform; (ii) the exclusive continuation of the YNG Token exchange service on Young Platform Base; (iii) the applicable regulatory framework; (iv) the conditions for accessing the updated service; (v) the effects of the update on pending orders; (vi) the regime of a possible future reactivation of the YNG Token on Young Platform Pro.
1.3 This Notice has an informational and transparency purpose towards Users, the public and the competent Authorities, and is issued in performance of the disclosure obligations set out, insofar as applicable, in articles 87 and 88 of Regulation (EU) 2023/1114 (MiCAR) and by the remaining national and European rules applicable to the activities of Young Platform in its capacity as crypto-asset service provider and as issuer of the YNG Token.
1.4 This Notice does not constitute a marketing communication nor an offer or solicitation to buy, hold or dispose of any crypto-asset. It does not constitute investment advice, tax advice or a personalised recommendation.
Identification of the Service Provider and of the Issuer
Corporate name: Young Platform S.p.A.
Registered office: Via F. Cigna, no. 96/17 — 10155 Turin (TO), Italy
Tax code / VAT number: 11931440017
LEI: 815600F1E30AAB016171
Certified email (PEC): [email protected]
Website: youngplatform.com
Legal representative: Alexandru Stefan Gheban, Co-CEO and Co-founder
Young Platform S.p.A. was authorised as a crypto-asset service provider (CASP) by Consob and Banca d’Italia on 30/06/2026 pursuant to article 16, paragraph 1, of Legislative Decree 129/2024 and article 63 of Regulation (EU) 2023/1114.
Young Platform is also the issuer of the YNG Token, a utility crypto-asset within the meaning of article 3(1)(9) of Regulation (EU) 2023/1114 (MiCAR), other than an asset-referenced token (ART) and other than an e-money token (EMT). The characteristics, rights, operational functions and risks of the YNG Token are fully described in the YNG White Paper notified on 17 April 2026 (Digital Token Identifier: RGN2XS8ZG), available at:
storage.googleapis.com/young-documents/mica-whitepaper-YNG-token.xhtml
Definitions
For any term not expressly defined in this Notice, reference is made to the definitions set out in the General Terms and Conditions of Young Platform — Crypto-asset Services, in the YNG White Paper, in MiCAR and in the remaining applicable rules.
Crypto-asset: a digital representation of value or of rights which can be transferred and stored electronically using distributed ledger technology or similar technology, within the meaning of article 3(1)(5) MiCAR.
YNG Token: utility crypto-asset within the meaning of article 3(1)(9) MiCAR, named “Young” and identified by the symbol YNG, issued by Young Platform S.p.A., based on the ERC-20 standard on the Ethereum blockchain, with a fixed supply of 100,000,000 units and no mint or burn mechanism (Digital Token Identifier: RGN2XS8ZG; Smart Contract Address: 0xA26Cbb76156090f4B40A1799A220fc4C946aFB3c).
Young Platform Base: the platform operated by the Company, accessible via web (exchange.youngplatform.com) and via mobile application, through which the Bilateral Exchange service of crypto-assets is provided pursuant to article 77 MiCAR, in which the Company acts as the User’s direct contractual counterparty (Principal).
Young Platform Pro: the advanced platform operated by the Company, accessible at pro.youngplatform.com, through which the Execution of Orders on Behalf of Clients is provided pursuant to article 78 MiCAR, in which the Company acts as intermediary (Agent), routing the Client’s order to External Execution Venues or external counterparties selected in accordance with its Execution Policy.
Bilateral Exchange (article 77 MiCAR): the exchange of crypto-assets for funds or for other crypto-assets, carried out on a bilateral basis between the Client and Young Platform, in which the Company acts as the Client’s direct contractual counterparty and the price is determined through the Company’s Pricing Engine, according to objective and predetermined methodologies.
Execution of Orders on Behalf of Clients (article 78 MiCAR): the service through which the Company receives and executes the Client’s buy or sell orders, routing them to External Execution Venues or third-party counterparties, in accordance with its Execution Policy.
Update: the set of operational changes to the YNG Token trading service described in this Notice, taking effect on 01 July 2026.
White Paper: the white paper of the YNG Token, drafted and notified to Consob pursuant to articles 6 and 12 MiCAR, available through the Company’s official channels.
Subject matter and scope of the update
4.1 With effect from 01 July 2026, Young Platform updates the scope of the YNG Token operability within its technological infrastructure, as follows:
(a) On Young Platform Base, the Bilateral Exchange service of the YNG Token pursuant to Article 77 MiCAR remains fully available, in which the Company acts as the User’s direct contractual counterparty, in accordance with the framework described in the General Terms and Conditions and in the related Crypto-asset Exchange Procedure.
(b) On Young Platform Pro, the Execution of Orders on Behalf of Clients relating to the YNG Token pursuant to Article 78 MiCAR is dismissed. As a result, it will no longer be possible to place new buy or sell orders on the YNG Token on the Young Platform Pro platform.
4.2 The dismissal referred to in the preceding paragraph 4.1(b) does not affect the visibility of the market and of the YNG Token chart on Young Platform Pro, which remain accessible for informational purposes as an archive. The functionalities no longer available are highlighted within the platform interface with specific operational indications.
4.3 This Notice does not affect in any way the technical characteristics, the rights and the functions of the YNG Token, as described in the current YNG White Paper, nor its status as a utility crypto-asset within the meaning of article 3(1)(9) MiCAR. The change is exclusively operational in nature and concerns the scope of the services offered by the Company on the YNG Token.
Regulatory framework of the update
5.1 The update described in the preceding paragraph 4 is based on the distinction, within Regulation (EU) 2023/1114 (MiCAR), between:
(a) the service of exchange of crypto-assets for funds or for other crypto-assets referred to in article 77, in which the provider acts as the direct contractual counterparty (Principal) and the price is determined according to an objective and predetermined methodology; and
(b) the service of execution of orders on behalf of clients referred to in article 78, in which the provider acts as intermediary (Agent) and executes the Client’s order with external venues or counterparties, in accordance with its Execution Policy.
5.2 In line with the Company’s current operational structure, the operability on the YNG Token is provided exclusively within the framework of the Bilateral Exchange service referred to in article 77 MiCAR, in which the Company acts as the User’s direct contractual counterparty. The possibility of routing the Client’s orders on the YNG Token to External Execution Venues pursuant to article 78 MiCAR is subject to the existence of qualified third-party venues on which the YNG Token is admitted to trading and with which the Company can establish operational relationships consistent with the Execution Policy adopted.
5.3 As of the date of this Notice, the condition set out in the preceding paragraph 5.2 that would allow the provision of the service under Article 78 MiCAR on the YNG Token is not met. Consequently, and in line with the principles of transparency, fairness and prudence that must inform the Company’s operability pursuant to article 68 MiCAR and to the delegated and implementing acts, the Company proceeds with the dismissal of the YNG Token trading service on the Young Platform Pro platform.
Conditions for accessing the updated service
6.1 Starting from the effective date referred to in the preceding paragraph 4.1, the User who intends to carry out exchange transactions on the YNG Token shall access exclusively Young Platform, through one of the following channels:
(a) updated web version: exchange.youngplatform.com/login;
(b) latest version of the Young Platform mobile application, available on the official stores (Apple App Store and Google Play Store).
6.2 The Company recommends that the User verify that the mobile application in use is updated to the most recent release before carrying out exchange transactions on the YNG Token.
6.3 Access to the Bilateral Exchange service of the YNG Token remains subject to the joint fulfilment of the access conditions ordinarily provided for in the General Terms and Conditions of Young Platform — Crypto-asset Services, including, without limitation:
(a) the successful completion of the customer due diligence procedures (KYC/AML);
(b) the prior availability of the funds or of the assets subject to exchange in the Client’s Wallet with Young Platform (Pre-funding);
(c) compliance with the applicable commercial policies, operational limits and anti-money laundering controls.
Effects of the update on pending orders and on active positions
7.1 All buy and sell orders on the YNG Token pending on Young Platform Pro at the effective date referred to in paragraph 4.1 have been automatically closed by the Company’s systems during the platform’s scheduled maintenance window.
7.2 The positions in YNG Tokens held by the User on the custody Wallets of Young Platform are not affected in any way by the update described in this Notice. The custody of the Client’s crypto-assets continues pursuant to Article 75 MiCAR and in accordance with Young Platform’s Crypto-asset Custody Policy, under a regime of accounting segregation from the Company’s treasury assets.
7.3 The User who intends to continue operating on the YNG Token may do so through the Bilateral Exchange service available on Young Platform, on the terms set out in paragraph 6.
Possible reactivation of the service on the YNG Token on Young Platform Pro
8.1 The dismissal of the Execution of Orders on Behalf of Clients relating to the YNG Token on Young Platform Pro is not final. The Company reserves the right to reactivate this service should the operational and regulatory conditions suitable to enable its provision in accordance with article 78 MiCAR and with its Execution Policy be met.
8.2 In particular, the reactivation of the Execution service on the YNG Token on Young Platform Pro is subject, without limitation, to: (i) the admission of the YNG Token to trading on one or more qualified External Execution Venues, in accordance with the criteria set out in the Company’s Execution Policy; (ii) the compatibility of the operational conditions offered by such venues with the applicable Best Execution principles; (iii) compliance with the safeguards provided for by the applicable rules on the management of conflicts of interest, in view of the Company’s capacity as Issuer of the YNG Token.
8.3 Any reactivation will be the subject of a dedicated notice published through the Company’s official channels, with reasonable advance notice with respect to the effective date, in accordance with the modalities set out in the General Terms and Conditions — Crypto-asset Services. The Company will also inform the public of any reactivation pursuant to articles 87 and 88 MiCAR, where the relevant preconditions are met.
Risks and warnings
9.1 This Notice describes an operational update of the scope of the services offered by the Company on the YNG Token. The change does not affect the technical characteristics, the rights and the functions of the YNG Token, which remain fully as described in the current YNG White Paper.
9.2 The concentration of the YNG Token exchange on the sole Young Platform, under a bilateral exchange regime pursuant to article 77 MiCAR, may result in a reduction of the execution modalities available compared to the past.
9.3 Crypto-assets, including the YNG Token, are instruments characterised by high volatility and entail a significant risk of loss, including total loss, of the invested capital. Held crypto-assets do not benefit from the guarantee schemes provided for bank deposits (Directive 2014/49/EU) nor from the investor compensation schemes (Directive 97/9/EC). Historical performance and any forecasts do not constitute a guarantee of future results.
9.4 For a comprehensive discussion of the risks connected with the holding of crypto-assets and with the operability on Young Platform, please refer to the General Risk Disclosure published at youngplatform.com/en/legal/information-general-risks/, as well as to the dedicated section of the current YNG White Paper.
Communications, complaints and dispute resolution
10.1 For any request for assistance, clarification or reporting relating to the update described in this Notice, the User may contact Young Platform through the official channels of the Customer Support, accessible at:
support.youngplatform.com/hc/en.
10.2 Complaints relating to the service may be submitted in accordance with the modalities and terms set out in the Young Platform Complaints Handling Procedure, accessible at: youngplatform.com/en/legal/complaints/. In accordance with Article 71 MiCAR, complaints are handled by the Company free of charge, fairly and promptly.
10.3 The User’s right to bring the alternative dispute resolution (ADR) procedures provided for by law remains unaffected.
Publication, retention and amendments
11.1 This Notice is published on Young Platform’s institutional website, in the section dedicated to Public communications on the YNG Token and remains accessible for a period of no less than five (5) years from its last replacement. Previous versions remain available through the official channels.
11.2 Young Platform reserves the right to amend this Notice as a result of supervening regulatory, operational or supervisory requirements, or in the event of a possible reactivation of the service on the YNG Token on Young Platform Pro referred to in paragraph 8. Amendments are communicated to the public through the official channels, with reasonable advance notice regarding the effective date.
This communication constitutes a service notice and does not represent a marketing communication nor an offer or solicitation to invest in crypto-assets. Crypto-assets are subject to specific risks, including the risk of total loss of the invested capital, and do not benefit from the guarantee schemes provided for bank deposits (Directive 2014/49/EU) nor from the investor compensation schemes (Directive 97/9/EC). For full information on the services offered, please refer to the Terms and Conditions of the service published through Young Platform’s official channels. Young Platform operates in accordance with the applicable law, including MiCAR (Regulation (EU) 2023/1114). Young Platform S.p.A., Via Cigna 96/17, 10155 Turin — youngplatform.com — PEC: [email protected].
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