Source: TrustToken Blog

TrustToken Blog Attestations of TrueCurrency Funds — Examined February 28, 2020

Attestations of TrueCurrency Funds — Examined February 28, 2020TrueCurrencies: 3rd Party Verified, Fully Collateralized StablecoinsCohen & Company has published their latest independent attestation of the bank accounts holding the collateral for all TrueCurrency (TUSD, TGBP, TCAD, TAUD, and THKD) tokens in circulation.View the full TrueUSD attestation from February 28, 2020TrueUSD accounts were examined on February 28, 2020 and contained the following balances:Balance of Escrow Accounts: $143,883,569Balance of TUSD tokens issued and in circulation: TUSD 142,582,222View the full attestation from February 28, 2020TrueGBP accounts were examined on February 28, 2020 and contained the following balances:Balance of Escrow Accounts: £ 1,328,346Balance of TGBP tokens issued and in circulation: TGBP 1,328,346View the full attestation from February 28, 2020TrueCAD accounts were examined on February 28, 2020 and contained the following balances:Balance of Escrow Accounts: CAD $55,176Balance of TCAD tokens issued and in circulation: TCAD 55,077View the full attestation from February 28, 2020TrueAUD accounts were examined on February 28, 2020 and contained the following balances:Balance of Escrow Accounts: AUD $245,492Balance of TAUD tokens issued and in circulation: TAUD 245,492View the full TrueHKD attestation from February 28, 2020TrueHKD accounts were examined on February 28, 2020 and contained the following balances:Balance of Escrow Accounts: HKD $984,571Balance of THKD tokens issued and in circulation: THKD 984,571Note: As part of TrustToken’s commitment to compliance, we want to make clear the nature of our relationship with Cohen & Company, an independent third-party U.S. certified public accounting (CPA) firm. As a regulated entity, Cohen & Company provides third-party examinations of the collateralized funds held in escrow to back all TrueCurrency in circulation. Cohen & Company is not the parent company of, nor has any financial interest in, TrustToken, Inc. or any of its affiliates. The results of Cohen & Company’s examinations are published in monthly attestation reports.Thanks to Cohen & Co for their diligence in performing this attestation.Each day, more funds arrive from our users who have applied on the TrueCurrency website. Cohen & Co will continue to perform independent attestations of the TrueCurrency funds.TrueCurrencies are the first asset-backed tokens created on the TrustToken platform. We set out to build fully collateralized fiat-backed stablecoins that the community would use and trust. These attestations with Cohen & Company are another step towards that goal.If you’re excited about TrustToken’s TrueCurrency products and believe you could make outsized contributions to the key areas of responsibility at our growing company, please view our open positions.List of All AttestationsYou can view all the attestations that have been published since the launch of each TrueCurrency here.Visit our app to purchase TrueCurrencies today, or learn more about TrueCurrencies on our website.Attestations of TrueCurrency Funds — Examined February 28, 2020 was originally published in TrustToken on Medium, where people are continuing the conversation by highlighting and responding to this story.

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Rafael Cosman's photo - Co-Founder & CEO of TrustToken

Co-Founder & CEO

Rafael Cosman

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90/100

TrustToken is an online tokenization platform that allows users to tokenize fiat currencies and real-world assets. Read more