Render
RENDERDePIN
Listing suspended on 2026-09-14
No US principal contributor is established. OTOY, Inc.'s October 2025 privacy policy places its headquarters in Los Angeles but says stewardship of the Render Network was transferred to the Cayman Islands Render Network Foundation in 2022, and a 2026 SEC filing describes the Foundation's own Head of Product; no project or official document names OTOY as the network's current builder. OTOY's state of incorporation is unevidenced (Test 4), Jules Urbach is not documented as a US person at founding (Test 2), and no US primary-operations claim is evidenced (Test 3). Market data is withheld until verification meets the USCC evidence standard.
The verdict on record
Pathway: Foundation with a US principal contributor. Needs Tests 1 and 4, plus 2 or 3.
Test 1 · not met
Headquartered in the United States
No entity fills the role this pathway requires.
Test 4 · not met
Registered in a US state
No entity fills the role this pathway requires.
Test 2 · not met
American founding team
0 of 1 named founders are established US persons holding operational roles today; a majority is required.
Test 3 · not met
Primary operations in the United States
No US primary-operations claim is supported by a primary document or two independent sources.
- Foundation carve-out requires a recorded principal contributor.
Legal entities
Render Network Foundation
Cayman Islands · foundation, token issuer
3 sources· 2 primary
- Legal termsrndr.gitbook.io/render-network-foundation-governance2026-09-14
- Projectknow.rendernetwork.com2026-09-14
- Filingsec.gov/Archives/edgar/data/2091176/000110465926037891/tmb-20…2026-09-14
OTOY, Inc.
Jurisdiction not established · operating company · Los Angeles, CA
3 sources· 2 primary
- Legal termshome.otoy.com/wp-content/uploads/2026/01/OTOY-PRIVACY-POLICY-…2026-09-14
- Legal termshome.otoy.com/wp-content/uploads/2026/01/OTOY-PRIVACY-POLICY-…2026-09-14
- Projectknow.rendernetwork.com2026-09-14
Founders
Jules Urbach
Founder and CEO, OTOY · US status not established · operating role today
2 sources· 1 primary
- Projectknow.rendernetwork.com2026-09-14
- Filingsec.gov/Archives/edgar/data/2091176/000110465926037891/tmb-20…2026-09-14
Record history
2026-09-14 · correction
otoy.com recorded as a project domain. OTOY, Inc.'s Los Angeles headquarters added from its October 2025 privacy policy, which also states that Render Network stewardship passed to the Render Network Foundation in 2022; the Foundation's product role and Jules Urbach's OTOY CEO role sourced to a 2026 SEC Form 10-K.
2026-09-14 · suspended
Suspended pending evidence that OTOY, Inc. is the principal contributor and registry or legal-document evidence of OTOY's US headquarters and registration.
2026-09-14 · correction
Render Network Foundation's Cayman Islands basis confirmed; OTOY principal-contributor claim marked unsubstantiated; Trail of Bits audit and Multicoin Capital / Solana Ventures investor claims removed for lack of non-aggregator sources; RNDR recorded as a prior ticker.
2026-04-29 · listed
Listed in the v0.1 allowlist.
About Render
Render is a distributed GPU rendering network that uses OTOY Inc. software and was first conceived by OTOY founder and CEO Jules Urbach. The Render Network Foundation was spun out of OTOY in 2023, is based in the Cayman Islands, and oversees protocol governance.