Is USD1 safe?

The USD1 product is backed by five independent entities, all operating under the jurisdiction of the robust financial regulatory framework of the Hong Kong SAR:

• Custodian of USD collateral

• Independent auditor

• Administrator of backing fund

• Lawyer to oversee legally

• Parry Global Group: Asset Manager, Dealer

The reason for this complex structure with five regulated entities all watching over each other is to guarantee the protection of investors. All of the companies listed above are subject to the laws dictated by the Securities and Futures Commission of the Hong Kong SAR. Violation of these laws entails strict penalties including expulsion from the financial services industry, severe fines, and imprisonment.

The USD1 product is 100% collateralized, and 100% liquid - always. Top players in the traditional financial services industry are willing to stake their careers, their fortunes, and their freedom on it. This is how we have brought institutional-grade security to the crypto world.