Reserve Assets
Eligible assets are deposited under defined custody and onboarding procedures.
How CDC$ Works
A digital receipt built around verified reserve value.
CDC$ is being designed as an Ethereum-based collateral receipt issued only within independently attested reserve capacity.
Reserve
Eligible Assets
CDC$
Digital Collateral Receipt
Utility
Collateral Use
Independently Attested
The Operating Model
Reserve value enters. A digital receipt is issued.
The intended structure connects custody, verification, issuance, collateral use, and redemption through one controlled operating model.
Attestation
Reserve value is independently reviewed and reported to the issuance infrastructure.
CDC$
Issuance
CDC$ is minted only within available verified reserve capacity.
Collateral Use
The instrument is intended for approved margin, settlement, or collateral environments.
Redemption
CDC$ is burned before corresponding reserve value is released.
Reserve Foundation
The receipt begins with assets held in reserve.
The proposed reserve framework may include cash equivalents, short-duration U.S. Treasuries, allocated gold, or other high-quality assets defined in formal documentation.
The reserve is intended to provide the verifiable value supporting CDC$ issuance. Final eligibility, custody, valuation, concentration, and redemption terms remain subject to legal and operational review.
Reserve
Value supporting CDC$ issuance
Cash Equivalents
U.S. Treasuries
Allocated Gold
Independent Verification
Reserve value must be reported before supply can expand.
The intended architecture separates reserve verification from token issuance authority. An attestation process reports reserve capacity to the system without granting the reporting party the ability to mint CDC$.
Core design principle
No verified reserve headroom means no additional issuance.
Custodian
Holds Reserve Assets
Independent Reporter
Confirms Reserve Value
Reserve Registry
Publishes Available Capacity
Issuance Controller
Enforces Supply Limit
Issuance Controls
Supply is intended to remain inside reserve capacity.
The proposed contract system is designed to compare circulating supply against verified reserve value before new CDC$ can be issued.
Reserve-Gated Minting
New supply is intended to be blocked when verified reserve capacity is unavailable.
Stale-Report Halt
Minting is intended to stop when reserve reporting exceeds an approved freshness threshold.
Separated Authority
Custody, attestation, issuance, and administration are intended to remain functionally distinct.
Documented Redemption
Release of reserve value is intended to follow defined redemption and token-burn procedures.
CDC$
Institutional Instrument
Authorized Participants
Custody Providers
Market Venues
Institutional Users
Institutional Access
Designed for controlled participation, not unrestricted issuance.
The intended model relies on qualified participants capable of satisfying onboarding, custody, compliance, and reserve requirements.
Authorized participants would support reserve deposits, issuance, redemption, and movement between the reserve system and approved institutional environments.
Explore the Investor Case
Redemption
The receipt leaves supply before reserve value leaves custody.
Redemption is intended to reverse the issuance process in a controlled sequence.
CDC$ Submitted
The holder initiates an approved redemption request.
CDC$ Burned
The corresponding digital receipt is removed from circulation.
Reserve Released
Approved reserve value is returned under documented terms.
Final redemption rights, fees, timing, eligibility, minimums, settlement
procedures, and reserve-asset delivery terms will be defined in formal
legal and operating documentation.
Technology & Security
See the architecture behind the operating model.
Explore the proposed Ethereum contracts, reserve registry, governance controls, reporting protections, and long-term security posture.