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Brendon Lim
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TNUSD now available on Coinhako

TNUSD now available on Coinhako

We are thrilled to share that (TNUSD) is now listed on Coinhako!

What are Trillion and TNUSD?

Trillion Network (“Trillion”), a financial technology group that aims to provide a frictionless global network for value exchange by transforming how money moves in the new digital economy. 

Trillion Network seeks to introduce two fully-reserved fiat-backed stablecoins by the end of Q3 2024:

  • Trillion USD (“TNUSD”), a fully collateralized digital currency that maintains a 1:1 peg with the United States Dollar (“USD”)
  • One (1) TNUSD can at all times be redeemed for one (1) USD on the Trillion platform
  • Trillion EUR (“TNEUR”), a fully collateralized digital currency that maintains a 1:1 peg with Euro (“EUR”)
  • One (1) TNEUR can at all times be redeemed for one (1) EUR on the Trillion platform

As part of Trillion Network’s initial roll-out, the team will be heavily focused on working with corporates in APAC to address current pain points posed by existing cross-border payment rails and provide a more reliable avenue for underbanked corporates to locally mint, issue, and redeem fully reserved fiat-pegged stablecoins. In terms of jurisdiction of issuance, Trillion Network is actively evaluating Singapore and Hong Kong as its primary base of operations under the upcoming stablecoin licensing regime in both jurisdictions. 

Backed by industry veterans such as Mirana Ventures, Etherscan, Coinhako, and others, Trillion stablecoins will first launch on the Ethereum network and will shortly thereafter be supported on other Ethereum Virtual Machine (EVM)-compatible layer 2 (L2) scaling solutions. Trillion Network’s roadmap also includes introducing a cross-chain transfer protocol for stablecoins which will allow merchants, traders, developers, and holders of its stablecoins to move them natively across blockchains.

About the Founders

Collin Cheong formerly led the Legal and Corporate Business Development function at Coinhako, Singapore’s market-leading crypto platform, and played a key role in facilitating Coinhako’s regulatory licensing, business development, and strategic initiatives. Prior to joining Coinhako, Collin was a practicing lawyer at a leading magic circle law firm and had spent time in both the law firm’s Singapore and Beijing offices. During his tenure as a practicing lawyer, Collin frequently worked with multinational clients, private equity, and sovereign wealth funds and has extensive experience advising them on cross-border mergers, acquisitions, and investments.

Geng Sng previously led engineering efforts at Royal where he worked closely with the a16z crypto team and built out Royal’s music tokenizing platform, NFT marketplace, and decentralized protocols. Before that, he led various engineering teams at Abnormal Security, where he built the data platform and AI powering Abnormal Security’s products. Geng brings with him engineering and product leadership forged by multiple 0 to 1 journeys at some of Silicon Valley’s best startups. 

To learn more about Trillion Network, its whitepaper can be accessible here.

What can you do with TNUSD on Coinhako?

TNUSD will be available for users to trade across all swap pairs on Coinhako.

To gain access to any of these trading pairs, you can either:

  1. Fund your SGD wallet on Coinhako instantly with PayNow (or any other supported payment method)
  2. Purchase TNUSD instantly with Visa / Mastercard 

Please note that the sending and receiving of TNUSD will not be available for this release.

Risk Warning on Digital Payment Token Services

Hako Technology Pte Ltd ("Coinhako") is licensed to provide digital payment token services under the Payment Services Act 2019 (No. 2 of 2019).

The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of a digital payment token ("DPT") service provider.

Before you pay your DPT service provider any money or DPT, you should be aware of the following.

  1. Your DPT service provider is licensed by MAS to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.
  2. You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by your DPT service provider.
  3. You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
  4. You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.

Visit: Coinhako.com/risk-disclosure for more information.