the
Assets

Australia · established 2020 · mark TRP

Terrapin Settlement

Value that is moving, not value that is sitting.

Terrapin optimises for settlement: fast redemption, high throughput, and instruments designed to be spent rather than held. Its stability characteristics are the weakest of the eight, which is a direct consequence of that design rather than an accident of it.

Illustrative issuer — invented for this concept. Not a real institution.

Illustrative and invented — not a real institution or instrument.

Issuer DNA

Stability68%
Liquidity88%
Transparency76%
Reach74%
Custody strength70%
Innovation74%

Illustrative characteristics of an invented issuer. These are not attestations, audit results or credit assessments, and they describe no real entity's practices.

Currency exposure

JPY×1.0SGD×1.0AUD×1.0

3

Illustrative instruments

77–88

Liquidity range

Custody model

Pooled settlement reserve, daily reconciliation

The catalogue

¥JPYTRP

Terrapin Settlement

gold

JPY/CENT

Built to be spent rather than held. The pooled reserve is what buys the throughput, and what costs the counterparty position.

Fiat-backedAsia
Liquidity 88Same-day, 24/7

Illustrative — not a real instrument

S$SGDTRP

Terrapin Settlement

silver

SGD/CENT

A regional settlement instrument. Stable underlying, fast redemption, and a pooled reserve you are taking a view on.

Fiat-backedAsia
Liquidity 77Same-day, 24/7

Illustrative — not a real instrument

A$AUDTRP
Top matched

Terrapin Settlement

silver

AUD/CENT

Terrapin's home instrument — the fastest settling in the catalogue and the least stable. Both by design.

Fiat-backedPacific
Liquidity 79Same-day, 24/7

Illustrative — not a real instrument

Other issuers

Meridian ReserveAurelian Clearing HouseNorthlight CustodyKestrel Digital TrustSolveig ReserveVantara MintHalcyon Ledger

Illustrative issuer — invented for this concept. Not a real institution.