USDX — Capitaldesk

Token

Current deployment — TRON Nile test network

Name

US Dollar

Symbol

USDX

Decimals

Standard

TRC-20

Contract address (Nile testnet)

TXwY9rhtCyFtZiFB371p9gCY4bUZGWKYCq

The contract is an upgradeable proxy with six separately held role keys — owner, master minter, pauser, blacklister, rescuer and registrar. No single key can both issue tokens and reassign the roles that govern issuance.

Transfers are restricted to an allowlist of registered addresses. This is a deliberate constraint of a controlled issuance environment, not a temporary measure.

Reserves

How tokens are backed

Every token in circulation corresponds to United States dollars held in a segregated account for the benefit of token holders. Reserve balances are recorded in a double-entry ledger and reconciled daily against three independent sources.

Ledger Every issuance and redemption posted as balanced double-entry journals. Corrections are made by reversal; entries are never deleted.

Bank statement Imported from the custodian and hashed on receipt, so the figure relied upon can be tied to a specific document.

Blockchain Token supply read directly from the contract, not from an internal record of what was issued.

A daily reconciliation compares all three. Any variance is recorded and alerted rather than resolved silently, and the system refuses to approve new issuance while reserves are short.

Issuance

What happens between a wire arriving and a token existing

Funds arriveDollars are received into the reserve account and matched to a customer by virtual account, reference or originator name. Third-party funding is refused.
Settlement confirmedTreasury records the wire reference and a hash of the supporting document. Settlement without evidence is not accepted.
Compliance clearsA different person reviews the order. The operator who initiated it cannot clear it.
ApprovalA third person approves, distinct from both.
Executive authorisationAbove a configured amount, one or two executives must also approve, each of whom must be outside the earlier chain.
SigningThe signer independently verifies every prior step exists before releasing a signature. An order that skipped a control cannot be signed, whatever the application layer records.

Redemption runs the same sequence in reverse. Tokens must be received and confirmed on chain before any dollars leave the reserve account.

Controls

Applied continuously, not at onboarding only

Control	Applied
Customer due diligence	Beneficial ownership to 25%, sanctions and PEP screening, documented approval by someone other than the preparer
Address screening	Every payout address screened independently of the customer
Transaction monitoring	Activity compared against the profile each customer declared at onboarding
Periodic review	Every relationship revisited on a risk-based cycle
Audit trail	Hash-chained and tamper-evident; an altered record is detectable at the exact row

Status and contact

Where this stands today

USDX is deployed on the TRON Nile test network for validation of the issuance and reserve infrastructure. Tokens on the test network carry no value, are not redeemable, and are not offered to the public.

Mainnet deployment is subject to completion of an independent smart contract audit, custody arrangements for reserves, and applicable regulatory requirements.

Institutional enquiries: info@capitaldesk.io

Important. This page is provided for information only. It is not an offer to sell or a solicitation to buy any asset, and nothing here constitutes financial, legal or tax advice. USDX is not currently available to the public and no representation is made that it will become available in any particular jurisdiction. Digital assets carry risk, including the risk of total loss. Any future issuance would be governed by the terms of a written agreement, which would control over anything stated here.