Cre­at­ed by Reserve Pro­to­col, USD3 is a USD denom­i­nat­ed yield-bear­ing sta­ble­coin. USD3 pro­vides expo­sure to a bas­ket of var­i­ous lead­ing DeFi pro­to­cols, such as Aave, Mak­er­DAO, Com­pound & more.

Tra­di­tion­al investors can now gain insti­tu­tion­al-grade access to USD3 by Reserve. The prod­uct is secu­ri­tized via BMCP Secu­ri­ties S.à r.l., and its under­ly­ing USD3 is secure­ly cus­todied by For­tu­na Cus­tody Solutions.

USD3 by Reserve Pro­to­col is intro­duced as a reg­u­lat­ed finan­cial instru­ment, brought to mar­ket through a col­lab­o­ra­tion between Black Man­ta Cap­i­tal Part­ners, Sors Dig­i­tal Assets, and For­tu­na Cus­tody Solu­tions. This offer­ing is designed to pro­vide tra­di­tion­al investors with a com­pli­ant and acces­si­ble way to tap into USD-denom­i­nat­ed DeFi yields.

Issued via BMCP Secu­ri­ties S.à r.l., the USD Yield Farm­ing Index — USD3 prod­uct is unique­ly struc­tured with­in its own ded­i­cat­ed com­part­ment in our Lux­em­bour­gish secu­ri­ti­za­tion vehi­cle bear­ing an unique ISIN. This set­up fea­tures insti­tu­tion­al-grade wal­let infra­struc­ture, includ­ing secure fiat and cryp­to on/off-ramps and robust cus­tody of the under­ly­ing USD3 assets, pro­vid­ed by For­tu­na Cus­tody Solutions.

Struc­tured as a Per­for­mance Linked Note (PLN), the prod­uct aims to close­ly mir­ror the returns gen­er­at­ed by the under­ly­ing USD3 token. This design grants investors access to nov­el yield oppor­tu­ni­ties with­in the cryp­to space, all deliv­ered with­in a reg­u­lat­ed wrap­per. Con­se­quent­ly, investors ben­e­fit from expo­sure through a famil­iar secu­ri­ty for­mat while pre­serv­ing the essen­tial char­ac­ter­is­tics and per­for­mance of the native cryp­to asset.

Found­ed in 2022, Reserve Pro­to­col is a mul­ti-chain plat­form on Base, Ethereum, and soon Solana, enabling the cre­ation, trad­ing, and redemp­tion of cryp­to index prod­ucts called DTFs (Decen­tral­ized Token Folios). These on-chain assets, like USD3, bun­dle entire invest­ment nar­ra­tives or strate­gies into a sin­gle token, allow­ing users to gain diver­si­fied expo­sure through one seam­less trade — much like a cryp­to-native index fund.

Web: https://app.reserve.org/

About USD3 

USD3 is a yield-bear­ing sta­ble­coin DTF devel­oped by Reserve Pro­to­col, designed to pro­vide investors with seam­less access to USD-denom­i­nat­ed DeFi yields with­out the com­plex­i­ties of man­ag­ing indi­vid­ual lend­ing and bor­row­ing posi­tions. By inte­grat­ing with blue-chip DeFi pro­to­cols such as Mak­er­DAO, Aave, Com­pound, and Mor­pho, USD3 offers expo­sure to sta­ble, over­col­lat­er­al­ized yields with­in a robust and trans­par­ent framework.

The token is ful­ly backed by a diver­si­fied bas­ket of yield-gen­er­at­ing sta­ble­coins, includ­ing assets like Com­pound USDC V3, Mor­pho Steak­house USDC, and Sav­ings DAI. This struc­ture ensures that USD3 main­tains a 1:1 peg to the US dol­lar while deliv­er­ing com­pet­i­tive returns, with yields influ­enced by the uti­liza­tion rates and dynam­ics of the under­ly­ing DeFi platforms.

DeFi yield refers to the inter­est or rewards earned by par­tic­i­pat­ing in decen­tral­ized finance pro­to­cols, pri­mar­i­ly through lend­ing assets or pro­vid­ing liq­uid­i­ty. Plat­forms like Aave, Mak­er­DAO, Com­pound, and Mor­pho enable users to sup­ply assets such as sta­ble­coins to lend­ing mar­kets, where they are bor­rowed by oth­ers, gen­er­at­ing inter­est for the sup­pli­ers. These pro­to­cols oper­ate on smart con­tracts, ensur­ing trans­paren­cy and automa­tion in the lend­ing process.

Yields in DeFi are typ­i­cal­ly dynam­ic, adjust­ing based on real-time sup­ply and demand, pro­to­col-spe­cif­ic incen­tives, and gov­er­nance deci­sions. For instance, high­er bor­row­ing demand for a par­tic­u­lar asset can lead to increased inter­est rates for lenders.

Our Lux­em­bourg-based secu­ri­ti­za­tion vehi­cle — BMCP Secu­ri­ties S.à r.l. — offers a com­part­ment struc­ture, which seg­re­gates assets and lia­bil­i­ties for each dis­tinct issuance, pro­tect­ing each com­part­ment from the risks asso­ci­at­ed with oth­er com­part­ments and assets. The vehi­cle oper­ates under Lux­em­bourg’s robust legal frame­work and is designed to accom­mo­date diverse finan­cial instru­ments and mar­ket access.

Read more here: https://blackmanta.capital/securitization/

About Black Man­ta Cap­i­tal Partners

Black Man­ta Cap­i­tal Part­ners is a next gen­er­a­tion invest­ment bank focused on dig­i­tal and tok­enized assets, oper­at­ing a ful­ly reg­u­lat­ed invest­ment plat­form for issuances in the Euro­pean cap­i­tal mar­ket, as well as a Secu­ri­ti­za­tion Vehi­cle out of Lux­em­bourg. With offices in Europe, Asia and Amer­i­c­as, Black Man­ta Cap­i­tal offers full-ser­vice sup­port for all tech­ni­cal, finan­cial, and legal aspects of asset and secu­ri­ty tok­eniza­tion on a glob­al scale.

Found­ed in 2021, For­tu­na Cus­tody Solu­tions is a licensed VASP (Vir­tu­al Asset Ser­vice Provider) reg­is­tered with the Cen­tral Bank of Ire­land (CBI) pro­vid­ing insti­tu­tion­al-grade cus­tody solu­tions. For­tu­na is now endur­ing a MiCa reg­u­la­tion process in Ire­land with the Cen­tral Bank of Ire­land (CBI).

Oper­at­ing as Custodian.

Web: https://www.fortuna.solutions/

Found­ed in 2018, Sors Dig­i­tal Assets is a licensed VASP (Vir­tu­al Asset Ser­vice Provider) reg­is­tered with the Cen­tral Bank of Ire­land (CBI), pro­vid­ing Port­fo­lio Man­age­ment, On/Off Ramp, OTC, Mar­ket Mak­ing, Launch & Advi­so­ry Services.

Oper­at­ing as Com­part­ment Man­ag­er and On/Off-ramp Provider.

Web: https://sorsdigitalassets.com/