Trust and Transparency

How do I know my funds are safe / protected?​

USH has been designed with transparency and investor protection in mind.

First, USH has been structured to maximize bankruptcy-remoteness, including issuance from a separate legal entity managed by a distinct Board of Directors with an independent director, segregation of assets from our labs company, Villcaso Corporation, and separate books and accounts.

Second, investors in USH have their interests in the asset holding vehicle held by a third-party trustee and secured by a UCC-1 filing.

Finally, third party administrators will provide regular accounting reports with detailed asset holdings beginning 120 days after launch.

These mechanisms ensure an institutional-grade level of investor protections that most Tokens, including traditional stablecoins, lack.

Where are the assets backing USH held?​

USH is backed by assets held in custody by a trustee in the Virgin Islands. Third-party administrators receive regular reports on the real estate assets held by the asset holding corporation.

What kind of reporting will you provide?​

Initially, we will provide quarterly reporting. As we are further able to develop reporting systems, we will begin to provide monthly reports on the assets, their latest marked values, and their cash settlement values.

What happens to USH if Truly files for bankruptcy?​

While it is unlikely that Villcaso Corporation would go bankrupt in the next several years, Villcaso HEI Issuer I Corporation, our issuing entity, itself is a separate entity that isolates investor funds. In the unlikely event of a Villcaso Corporation bankruptcy, USH has been structured in a manner to minimize the risk of consolidating the USH assets into a Villcaso Corporation bankruptcy. See more under How do I know my funds are safe / protected?

What is the legal structure of Villcaso? What's the difference between Villcaso Corporation and Villcaso HEI Issuer I Corporation?​

Villcaso Corporation is a technology company building software to support institutional financial market infrastructure. Villcaso HEI Issuer I Corporation, the issuer of USH, is an entity designed for bankruptcy-remoteness, with Villcaso Corporation acting as its servicer.

Who is on the Villcaso HEI Issuer I Corporation Board of Directors?

Villcaso HEI Issuer I Corporation is wholly owned by the Villcaso Foundation, a Cayman Foundation company with no owners. Villcaso Foundation serves as the corporate director of Villcaso HEI Issuer I Corporation. Villcaso Foundation has a Board of Directors with one director and a Supervisor.