This page describes direct minting and redemption access for verified participants. Most users do not need this. You can swap USDC/USDT for trUSD at market rates without any verification.
Overview
Any participant who completes our KYC/AML and risk verification process can access direct protocol minting and redemption operations.Who Can Apply?
Anyone can apply for verified access, including:- Individual users
- Family offices
- Corporate treasuries
- Institutional investors
- Market makers
- Trading firms
Verification Process
1
Apply
Contact our team at [email protected] to begin the application process.
2
Complete KYC/AML
Complete identity verification and compliance screening through our partner.
3
Risk Assessment
Pass our risk assessment process.
4
Get Whitelisted
Once approved, your wallet address is whitelisted for direct access.
5
Mint & Redeem
Access direct minting and redemption through the app.
Requirements
What You Get
Verified participants can:- Mint trUSD: Deposit supported assets at their market rate to mint trUSD directly from the protocol
- Example: Deposit 100,000 USDC when USDC trades at $1 → receive 99,900 trUSD (after 10bps minting fee)
- Redeem trUSD: Redeem trUSD for USDC or USDT at their market rate directly from the protocol
- Example: Redeem 100,000 trUSD when USDC trades at $1 → receive 99,900 USDC (after 10bps redemption fee)
Fees
A 10bps (0.1%) fee applies to mint and redemption operations. This fee covers the costs associated with entering and exiting the underlying backing positions. It is not protocol revenue.Security & Transparency
Contact
To begin the verification process, contact us at [email protected].Don’t want to verify? You can still use Tori by swapping USDC/USDT for trUSD at market rates on app.tori.finance. No verification required.