- Regulatory risk
- Tokenization and securities offerings are subject to regulatory changes in Mexico (Fintech Law, CNBV) and the United States that could restrict issuance, transfer or distribution.
- Acquisition execution risk
- Purchase closings may be delayed or not completed, affecting the timing of cash flow generation.
- Token liquidity risk
- A secondary market is planned for later phases; until it opens, investors may not find a counterparty to sell.
- Counterparty risk
- Achieving the return depends on the operating and financial performance of the operating companies and the issuing vehicle.
- Currency risk (MXN/USD)
- The ecosystem operates in Mexican pesos and U.S. dollars; exchange rate changes affect consolidated cash flow and distributions.
- Public tender award risk
- Public procurement contracts depend on tender processes that may not be awarded to the group.
- Portfolio concentration risk
- The portfolio is concentrated in the Mexican and U.S. healthcare sector, so a sector or regulatory event may affect several companies at once.