Spending against a portfolio carries real risk. Tokenized equities and digital assets are volatile, and the spending power your positions support falls with them. Drawn balances accrue a carrying cost and have to be repaid. A charge is declined when your collateral falls below the required level. A position that stays below it can be sold to settle what you owe, which may realise a gain or a loss and may have tax consequences. Gether is in a waitlist phase, Gether is not a bank, and the legal documents linked below are drafts pending counsel review.