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[XSGD]
XSGD
Stability
0.82/1
Stable
[S]
[M]
[I]
[D]
[G]
[E]
0.82
0.91
0.00
0.00
0.79
0.00
[S]
0.82
[M]
0.91
[I]
N/A
[D]
0.00
[G]
0.79
[E]
N/A
[XSGD]
XSGD
Stability
0.82/1
Stable
Reserves
0.89 / 1
Market Feedback
0.38 / 1
Mechanism
1 / 1
1.1Reserves
0.89/1
1.1.1Collateralization % & Type of Collateral
0.98

As of May 31, 2023, XGD is fully backed by Singapore MAS Bills (68%), and cash deposits (32%) in fully segregated accounts.

1.1.2Storage of Assets
0.70

For off-chain collateral, we rank storage methods as follows (highest to lowest)

  • With regulated custodians in reputable jurisdictions

  • With regulated custodians not in reputable jurisdictions (e.g. BVI, Bahamas)

  • Others / Undisclosed

XSGD's reserves are held at regulated banks/financial institutions in Singapore.

1.1.3Asset Segregation
1.00

XFERS holds a Major Payment Institution License. As prescribed by the Singapore Payment Services Act, a major payment institution has to put the following safeguards in place: a) an undertaking or guarantee by any bank in Singapore or prescribed financial institution to be fully liable to the customer for such monies; b) a deposit in a trust account; or c) any other safeguards as may be prescribed by MAS.

Thus, XSGD reserves are fully segregated and bankruptcy-remote.

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Bluechip is a 501(c)(6) nonprofit organization

Bluechip 2023 © All rights reserved

design & code by Fuchsfabrik
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