Stellar Public Network · Protocol 20+ · CAP-0035

True Regulated Anchor (TRA) — Institutional Stellar Settlement Engine

A fully auditable, CAP-0035 compliant digital anchor on the Stellar network. Engineered for regulated cross-chain settlement, seamless CEX liquidity, and verifiable 1:1 asset backing.

Total Backed Reserves

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1:1 attested backing (USD equivalent)

Protocol Status

Protocol 20+ Soroban

CAP-0035 active

Issuer Flags

0x8 | 0x2

Clawback enabled | Revocable

Circulating Supply

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24h settlement volume on DEX

Live reserve accounts

Issuer & Distributor wallets

Real-time balances for the TRA issuing and distribution accounts, fetched directly from Horizon.

Issuer account — live wallet

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Live from Horizon · auto-refresh 30s

Distributor account — live wallet

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Live from Horizon · auto-refresh 30s

Reserve architecture

Three-pillar backing model

Every TRA in circulation is backed by on-chain verifiable reserves distributed across three pillars, published continuously and reconciled against Horizon account balances.

Pillar 1 — Cash & Equivalent Stable Liquidity60% target

Fully liquid, redeemable stable value held in regulated fiat-referenced tokens. Primary settlement layer for redemptions.

Pillar 2 — Sovereign & Decentralized Anchors30% target

Native network assets and community liquidity pairings providing on-chain depth and DEX settlement capacity.

Pillar 3 — Real-World & Commodity Backing10% target

Allocated precious-metals exposure held with custodial attestation, reported under the attestation of reserve.

Regulatory posture

Compliance by protocol design

0x2AUTH_REVOCABLE_FLAG

The issuer can revoke or freeze authorization on a trustline when required by a court order or sanctions screening.

0x8AUTH_CLAWBACK_ENABLED_FLAG

CAP-0035: the issuer can claw back tokens from a holder under a documented, multi-signature governance decision.


Aligned with EU MiCA electronic money token criteria, VASP guidance and AML/CFT standards. Clawback is executable only under multi-signature board authorisation.

Open governance simulator