TrustToken (TRU) Review

An independent analysis of TrustToken (TRU)

Tokenizing real world assets to create fully collateralized fractional ownership

Summary

The TrustToken Platform aims to be a protocol to tokenize and transact on real- world  assets  on  blockchains  in  a  legally  enforceable,  fully  accounted  and collateralized way. Specifically, it is a proprietary legal and technical framework utilized to tokenize various real-world currencies and assets. Potential areas that can be tokenized are assets such as real estate, patents, media, copyrights, sports teams, collectible art, and commodities like gold and oil.

Company overview

TrustToken  is  a  company  based  in  the  United  States  that  provides  the technology and maintains the TrustToken platform and its underlying stable coins.

The TrustToken Platform is broken into following components:

•SmartTrust – legal contract that designates the asset ownership and custody to  a smart contract on a blockchain

•TrustMarket – marketplace where “clients can hire fiduciaries who interface with legal-financial institutions and are legally bound to manage assets as instructed by the smart contracts.”

•TrustProtocol – “protocol specifications that specify how smart contracts can direct fiduciaries”

•TrustVault – decentralized storage system that is auditable

•TrustToken  –  “platform’s  incentive  layer  to  reward  trustworthy  behavior, create an audit trail, and collateralize property”

Token Sale

There have been very few details released regarding the tokenomics and deal- structure of TrustToken.

The company indicates that the public sale will be capped at ~$16m, however at this point in time, we don't have complete clarification regarding the max cap for the private sale/institutional round.

Commercial & Technical Strategy

Already having made considerable progress into establishing their platform, such as collaborating with financial regulators, trust companies, and banks to secure the backing of TrueUSD, its first stable token, the commercial strategy going forward is to gain even more partnerships and adoption. One of the largest  blockchain  hedge  funds  (BlockTower  Capital)  has  already  publicly supported the platform and said they would utilize it.

Roadmap

TrustToken has already completed a significant amount of work to date.

Q3 2017 – Complete SmartTrust platform, SmartTrust platform launch, Start development for TrustProtocol

Q4  2017  –  Establish  partnerships  with  banks  and  exchanges,  continue  to develop  TrustProtocol,  Pre-sale  fundraising  for  TrustToken  protocol  (which TrueUSD is built on top of)

Q1 2018 - Launch support for wire transfer purchases/redemptions, Deploy TrueUSD smart contract, Launch TrueUSD for traders and institutions (alpha)

Q3 2018 - Launch TrueUSD beta for public

Token Use

TrustTokens are integral to the protocol as the:

•incentive mechanism to reward positive and trustworthy behavior, which is of vital when dealing with an asset whose value is backed by a true asset.

•audit trail for transparency and trust among token holders and potential investors

•collateralizing mechanism for the underlying property

Use of Proceeds

While a complete breakdown of anticipated expenditure has not yet been provided, analysis of the materials provided by the team has indicated that the vast  majority  of  funding  will  go  towards  operation  expenses  (OPEX), development and legal services.