TrustToken CEO, Rafaelcosman, announced a significant change in the ownership of TUSD. The ownership is being transferred to an Asia-based consortium, Techteryx, which will collaborate with Tron to develop and grow the product. Despite the change in ownership, TrustToken Inc. will continue to manage the operations, compliance, and banking relations of the TUSD product. There are no plans for smart contract upgrades at this time¹.

In response to queries from community members like Alex_BertoG, Rafaelcosman clarified that the TrustToken team will continue working on TUSD, but they are no longer the ultimate owners. The private keys will be managed in the same way as before, by the new TUSD management team with multisignature, a Gnosis SAFE solution. All TUSD funds will be held at fully licensed and regulated banks and trust companies in the United States and Hong Kong. The underlying reserves will continue to be audited and attested to on a live basis by Armanino LLP^2,3.

Annabel_trueusd confirmed that the new TrueUSD team will continue to work with the Trust Token team on the TUSD product on compliance, banking relations, etc. She expressed excitement about the continued collaboration between TUSD and AAVE, and looked forward to what 2021 holds for both communities⁴. The transition in ownership is expected to bring further support in marketing budget, liquidity, customer success, and engineering resources, ensuring that TUSD remains a trusted and beloved product⁴.