FAQ

DRS is the developer of a stablecoin issuance and securities tokenization platform. Our mission is to build safe, accessible, transparent, T+0 internet capital markets and payments. We use blockchain technology to to program fraud/waste/abuse/risk out of global markets.

DRS is a spreadsheet and food points company. We operate a transfer agent, digital asset manager, ECN, and issue stablecoins for global corporates in retail, hospitality, industrials. Our mission is to use blockchains to program fraud/waste/abuse/risk out of global markets.

Instant zero-fee 24/7/365 global programmable internet payments

Blockchain is a payment system that is secure, instant, zero-fee, 24/7/365, global, transparent, direct, immutable, composable, programmable, internet-native, ubiquitous.

Our stablecoin issuance platform is designed to help businesses launch and manage product-specific stablecoins. It offers modular issuance, distribution, and application layers, configurable stablecoin behavior, issuer flexibility, and shared network liquidity, enabling businesses and financial institutions to create and operate stablecoins while retaining control over their design and deployment. The stablecoin issuance platform’s API allows users to issue, move, store, accept stablecoins with minimal coding.

BITNET is an all-to-all T+0 blockchain ECN for quote dissemination, clearing, STP, SDA of both odd and round lots. Home to 20000+ natively-tokenized securities.

The International Deposits Network (IDN) is our RTGS payment system for tokenized commercial bank deposits.

Bitstream is our central securities depository arm.

DRS Token Service generates TANs for legacy and blockchain payment rail interoperability. This means users can send stablecoins to a wallet using, for example, the associated ABA RTN. It is also used for onchain bank account creation.

Blockchain is a payment system that is secure, instant, global, transparent, immutable, and programmable.

• Forward-only timestamped database secured by math.
• Fedwire or ATM on your phone.
• All-to-all bond trading system.
• RTGS money or security transfer system except instead of being behind a Chase Bank or Visa, its on your phone.
• Public Google Sheet file that is readable, writable, accessible for free to anyone with an internet connection.

Excel spreadsheeet. Ethereum L1 = xlsx file, L2 = worksheet

Blockchain is a payment system that is secure, instant, zero-fee, 24/7/365, global, transparent, and immutable.

• Reduced yield spreads by 25 bps (BIS)
• Enhanced liquidity by 5.3% (HKMA)
• Cost savings of 35-65% across settlement value chain (Digital Asset)
• Up to $5 billion in cost savings for equity post-trading (Digital Asset)
• Reduce investment bank costs by $12 billion a year (Accenture)

A crypto wallet is the same thing as your physical wallet.

• Bank account except instead of being secured by a 4 digit pin, its secured by a 256 digit pin.
• Internet version of your physical wallet.
• Like your Venmo or debit card account.
• A cell in an Excel spreadsheet.

A digital dollar or “token” usable anywhere the internet is as means of payment where 1 token = 1 USD.

• USD on the internet. Physical, fiat paper bills in your pocket, on your phone.
• Digital p2p transferable money market mutual fund where 1 token = 1 share = 1 USD.
• Transferable unit of account recorded on a database called a blockchain.
• Like airline miles, hotel points, casino chips

Stablecoins are used in the same way as a holder would use USD, whether to send and receive payments, acquire and trade assets, or simply to hold USD to use in the future.

Instant zero-fee global 24/7/365 payments

• Prefunded = no credit risk
• Atomic transfers = no float
• Blockchain redundancy = always online
• Direct wallet-to-wallet = no middlemen

A CBDC is a digital form of central bank money that is widely available to the general public. It is a digital liability of a central bank.

A way of consolidating or reconciling multiple payments between two or more parties to create a single amount due to each participant. It simplifies doing business and reduces risk.

Netting refers to the consolidation of multiple financial obligations or payments into a single net amount. By strategically offsetting positive and negative positions, netting reduces the total number and value of payments involved as well as their associated settlement risks.

Example: Party A is due to receive USD 75,000 from Party B. At the same time, Party B is due to receive USD 30,000 from Party A. Instead of Party B paying USD 75,000 to Party A and Party A paying USD 30,000 to Party B in two separate transactions (called gross settlement), the payments can be netted. That way Party A owes nothing, and Party B pays Party A USD 45,000.

• Reduction of credit risk
• Reduction of settlement risk
• Reduction of liquidity risk
• Reduction of systemic risk

• Payment netting
• Novation netting
• Close-out netting
• Multilateral netting

• Lower costs for all parties
• Reduce manual data entry and file uploads
• Automate and speed processing of matching and netting transactions
• Increase security through encryption and tamper-evident distributed ledger technology
• Provide transparency and enhance trust with permissioned access to transaction data

All DRS units are operate in a very similar way as other fiat-backed stablecoins like USDC or USDP. Primary Users (those who have an account with DRS) can mint and redeem USDX (for example) at $1. Both Primary and Secondary users can freely transfer their units, deposit it into smart contracts, and interact with any protocol that is compatible with the ERC20 standard.

Tokens rebase daily, accruing new tokens regardless of where the yield-bearing unit is held.

The mechanism of rebasing modifies the balanceOf via a rewardMultiplier.

For more details, refer to the documentation here.

BITNET is basically a big computer program that takes in buy and sell orders from lots of sources and matches them up when ever possible. It also ha a number of ways that is displays the open orders to the out side world with the intent of soliciting someone else to enter a matching order.

BITNET is an size agnostic execution system that brings simplicity to the complex world of stock trading. It operates as a perfect auction market, were buy and sell orders are universally displayed and matches happen fairy, instantly, and efficiently.

Click here to find out more about BITNET, the execution system designed to be the fastest, cheapest, most reliable damn limit order book around. If your broker is not putting your limit orders into BITNET (or another compliant ECN) you probably should learn why you'd want him too.

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Programmatic multi-asset composability. Offline digital payments. Use stocks, bonds, real estate to buy groceries.

BITNET improves:

1. Operational risk mitigation through standardization and automation
2. Intraday liquidity
3. Post-trade FX matching and netting processes

BITNET reduces:

1. Funding and number of payments required
2. Inconsistent FX matching and FX netting
3. Credit consumption
4. Intraday overdraft costs and correspondent bank charges
5. Communication required to confirm positions pre-settlement

For a number of regulatory reasons, retail investors can not enter orders directly into the BITNET system yet. Instead, a retail investor would typicaly give the order to their broker who would in turn enter it into BITNET.

Send an email to a @ xft.finance. Subject must contain the text "DRS IS GONNA MAKE ME RICH!" and must be heartfelt or I may not respond.

Cost, access, speed, transparency

Instant zero-fee 24/7/365 global programmable internet payments

Backed 1:1 w/ tokenized cash, cash equivalents for in-kind redemptions. Native U.S. Treasury Marketable Securities issuance. Deep direct, indirect liquidity corridors. Federal Reserve Discount Window access.

Money Streaming is a continuous transfer of tokens from a sender to a receiver at a defined per-second rate, resulting in a "stream". This stream is perpetual and persists until it's canceled by either the sender or the receiver, or until the sender's token balance is depleted.

Consider Alice wants to pay Bob a salary of 1200 ALLISONUSD per year using Money Streaming. She sets up a stream with a flow rate of 0.038 ALLISONUSD per second. Bob's balance starts increasing every second, and Alice's decreases, ensuring a steady transfer of salary.

Transfer agents record changes of ownership, maintain the issuer's security holder records, cancel and issue certificates, and distribute dividends.

DRS allows registered shares to be held in electronic form without having a physical security certificate issued as evidence of ownership.

Nearly all broker-dealers are members of Securities Investor Protection Corporation (“SIPC”). SIPC protects customers of a SIPC member broker-dealer against the loss of securities and cash deposited with that SIPC member for the purchase of securities. If that SIPC-member broker-dealer fails, SIPC advances up to $500,000 per customer (including a $250,000 limit for cash claims) to cover a shortfall in customer property. Many broker-dealers also carry insurance in excess of SIPC’s coverage. However, SIPC does not protect you against losses caused by a decline in the market value of your securities. For more information about SIPC coverage, please read the SEC’s Investor Bulletins “SIPC Basics Parts 1 and 2” and the SEC’s glossary term on “SIPC protection".

Medallion Guarantee is a special stamp that’s used when you sell or transfer US securities. It confirms that the signature authorizing the sale or transfer is genuine and that the signer has the legal capacity and authority to sign the document.

FOR INVESTORS:

• Registered legal ownership: DRS records the investor’s name on the issuer’s books, clarifying legal ownership and simplifying some ownership disputes.
• Direct proxy and voting communications: Registered owners typically receive proxy materials and can vote directly with the issuer, improving participation in corporate governance.
• Reduced share lending risk: Shares in DRS are generally not available for broker lending, which reduces the chance that your shares will be loaned out into short positions.
• Protection from broker account actions: Because holdings are off the broker’s books, certain broker-level events (e.g., broker insolvency, margin liquidation) may have different operational implications for DRS-registered shares.
• Direct receipt of issuer communications and corporate action processing: Transfer agents send notices and process corporate actions for registered owners.

FOR ISSUERS/CORPORATES:

• Clearer shareholder records: Direct registration gives issuers an accurate list of registered owners, which aids governance, mailings, and engagement.
• Improved governance and communication: With direct registration, issuers can target shareholder outreach and ensure delivery of proxy materials.
• Potential reduction in abusive shorting/over-lending: A higher proportion of shares registered directly may reduce shares available for lending, potentially lowering mismatch between outstanding shares and borrowable supply.

Issuer Benefits

• Access a new, broader global investor base
• Reduce financing costs and retain more proceeds
• Control timing and parameters of share issuance
• Receive stablecoin proceeds instantly at settlement

Investor Benefits

• Buy newly issued shares straight from the company
• Access pricing below Nasdaq or NYSE markets
• Receive tokenized shares with instant settlement
• Full economic and governance rights and additional onchain utility over time

Registered legal ownership: DRS records the investor’s name on the issuer’s books, clarifying legal ownership and simplifying some ownership disputes.

Direct proxy and voting communications: Registered owners typically receive proxy materials and can vote directly with the issuer, improving participation in corporate governance.

Reduced share lending risk: Shares in DRS are generally not available for broker lending, which reduces the chance that your shares will be loaned out into short positions.

Protection from broker account actions: Because holdings are off the broker’s books, certain broker-level events (e.g., broker insolvency, margin liquidation) may have different operational implications for DRS-registered shares.

Direct receipt of issuer communications and corporate action processing: Transfer agents send notices and process corporate actions for registered owners.

Clearer shareholder records: Direct registration gives issuers an accurate list of registered owners, which aids governance, mailings, and engagement.

Improved governance and communication: With direct registration, issuers can target shareholder outreach and ensure delivery of proxy materials.

Potential reduction in abusive shorting/over-lending: A higher proportion of shares registered directly may reduce shares available for lending, potentially lowering mismatch between outstanding shares and borrowable supply.

An order matching system is an electronic platform that automatically pairs buy and sell orders for securities based on criteria like price and quantity.

The order book is where all the open orders, bids (open buys) and asks (open sells), for a stock are listed.

New bids are matched against asks on the order book, and new asks are matched against bids on the order book for execution.

In general, orders are matched when bid (buy) and ask (sell) prices equal or cross each other - prioritized based on “best price” and time submitted.

Prices cross when a bid (an order to buy) is placed at a price higher than any current asks on the order book, or vice versa, when an ask (an order to sell) is placed at a price lower than any current bids on the order book.

Examples of Money-Related Services

Check cashing, foreign currency exchange, transmit money, and sell or redeem money orders, travelers cheques, and prepaid access.

Blockchain payments and capital markets operating system.

Our mission is to build safe, accessible, transparent, T+0 internet capital markets and payments.

Blockchain is a payment system that is secure, instant, zero-fee, 24/7/365, global, transparent, direct, immutable, composable, programmable, internet-native, ubiquitous.

Debit card orchestrates stablecoin $$ movement.

DRS enables custom stablecoin creation by using an ERC4626 vault architecture with a tokenized MMF as the underlying asset.

Your whitelabel stablecoin powers DRS’s transaction banking platform, which offers full-stack blockchain solutions to the most complex cash management problems for corporate treasurers.

• Cards: Offer cards that are usable at 150M+ merchants
• Rewards: Launch rewards with flexible redemption options
• Wallets: Embed custodial and non-custodial wallets
• Virtual Accounts: Issue named accounts for fund collection
• Onramps: Allow users to convert local currency into stablecoins
• Offramps: Convert stablecoins into local currency
• Payments: Send stablecoin payments across accounts and borders

All DRS units are operate in a very similar way as other fiat-backed stablecoins like USDC or USDP. Primary Users (those who have an account with DRS) can mint and redeem USDX (for example) at $1. Both Primary and Secondary users can freely transfer their units, deposit it into smart contracts, and interact with any protocol that is compatible with the ERC20 standard.

Customers may purchase USDXT with USD via XFT API, web app or distribution partner.

Tokens rebase daily, accruing new tokens regardless of where the yield-bearing unit is held.

The mechanism of rebasing modifies the balanceOf via a rewardMultiplier.

For more details, refer to the documentation here.

USDXT is a payment stablecoin that is 100% backed by short-term US treasuries and USD.

• Instant settlement
• 24/7/365 redemptions vs. business hours only
• Global access vs. geographic restrictions
• No counterparty risk vs. trusting multiple counterparties
• Programmable vs. manual processes
• Zero fee vs. wire transfer fees

Blockchain payments and capital markets operating system.

We issue stablecoins for global corporations in retail, hospitality, and industrials. These stablecoins power our transaction banking platform, which offers full-stack blockchain solutions to the most complex cash management problems for corporate treasurers.

DRS operates a transfer agent and blockchain ECN for trading natively-tokenized T+0 securities and making instant 24/7/365 global zero-fee internet payments.