Supported regions

Tessera is not available to persons in the United States or residents of sanctioned jurisdictions (as designated by OFAC).

Who can use Tessera

Non-US persons (individuals and entities not located in or controlled by the United States)
Persons outside OFAC-designated jurisdictions (Iran, North Korea, Syria, Crimea, etc.)
Users who comply with local financial regulations in their jurisdiction

Enforcement

At mainnet, Tessera will enforce eligibility through wallet-based and (where feasible) geolocation checks; on testnet today these are not yet active. Crypto is pseudonymous, so final compliance responsibility rests with the user regardless. By connecting a wallet, you confirm you are not a US person and are not in a sanctioned jurisdiction. Violations of these terms may result in position closure, fund recovery, or legal action.

Why this restriction exists

US financial regulations (FinCEN, SEC, and CFTC) classify lending and derivatives as financial services requiring licenses Tessera does not hold. Tessera is pre-regulatory and testnet-only; when mainnet launch occurs, we will evaluate compliant structures (e.g., a registered broker-dealer partnership or a regulated offshore offering). Until then, US persons are excluded.

OFAC sanctions are legally required -- not optional. Any transaction touching a sanctioned jurisdiction can expose users, founders, and lenders to civil penalties. Tessera operates on Robinhood Chain testnet with mock USDC and testnet prices. No real funds are at risk. Region restrictions exist to establish good legal habit and to align with eventual mainnet requirements, even though testnet is non-binding. Follow them anyway.