# Appendix B - MZF PROTOCOL Fund & Protocol Relationship Overview&#x20;

A regulated real-world debt fund (MZF PROTOCOL Fund 1) and a blockchain-native protocol (MZF PROTOCOL Protocol), bridged by the $MZF utility token.

### Structure Summary

| Component             | Function                                                                                            |
| --------------------- | --------------------------------------------------------------------------------------------------- |
| MZF PROTOCOL Protocol | On-chain infrastructure for payment execution, staking, and risk access. Not a lender or issuer.    |
| $MZF Token            | Utility token for staking rewards, access control, and governance input. No profit or yield rights. |
| <p><br></p>           | <p><br></p>                                                                                         |

### Key Principles

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* $MZF is utility-only: It does not represent ownership, equity, or a share in fund performance.
* Compliance-first design: Ensures MZF PROTOCOL operates within legal frameworks in Australia, United Kingdom, and select US states.

This structure enables MZF PROTOCOL to bring real-world debt strategies on-chain while remaining scalable, transparent, and compliant.

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