A term used to describe securities or digital currencies, like CERES Coin, that are backed by tangible assets. In this case, CERES Coin is backed by shares in a U.S. Government Money Market Fund, providing stability and trust.
A distributed database that maintains a continuously growing list of records, called blocks, secured from tampering and revision. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. CERES uses blockchain to ensure transparency and security in transactions.
The SEC-registered stablecoin created by CERES, designed for everyday transactions. Each CERES Coin is backed by shares in a U.S. Government Money Market Fund, ensuring stability and offering interest to holders.
A digital token issued by CERES representing ownership or participation in the CERES ecosystem. Unlike CERES Coin, which is used for transactions, CERES Tokens provide holders with certain rights, including potential income from the company's operations.
Financial transactions that occur between two or more countries. CERES Coin facilitates these with lower fees and faster processing times compared to traditional banking methods. CERES is not currently approved to operate outside of the US, but operational territory and related compliance can evolve depending on the use case.
An entity responsible for holding and safeguarding assets, including securities, for investors. For CERES, the custodian manages the money market fund, including the issuance and redemptions of the physical or digital assets backing the stablecoin.
The effort to make financial services accessible to all individuals and businesses, regardless of their net worth. CERES aims to enhance financial inclusion by providing a stable and accessible digital currency.
An entity that acts as a middleman between two parties in a financial transaction. CERES serves as a financial intermediary by facilitating transactions between users and the assets backing the stablecoin. Additionally, CERES Coin can be utilized by other financial intermediaries to facilitate transactions and also serve as collateral.
An open-source enterprise-grade permissioned distributed ledger technology (DLT) platform. CERES utilizes Hyperledger Fabric for its blockchain due to its scalability, privacy features, and security.
The ease with which an asset or security can be converted into cash without affecting its market price. CERES Coin provides liquidity within the cryptocurrency markets by allowing quick conversion between volatile assets and a stable asset.
A banking system where banks only accept deposits which they invest in safe, liquid assets. CERES Coin embodies narrow banking principles by being backed by highly liquid, secure government money market funds.
An exclusive right granted for an invention, which is a product or a process that provides a new way of doing something, or offers a new technical solution to a problem. CERES holds patents for its stablecoin technology.
The infrastructure that enables the transfer of funds, either within or across financial institutions. CERES Coin operates on blockchain as a payment rail, providing an alternative to traditional banking systems for faster and less costly transactions.
The process of converting rights to physical or traditional financial assets into digital tokens on a blockchain. CERES Coin's backing by shares in a U.S. Government Money Market Fund is an example of RWA tokenization, enhancing the digital representation of real-world financial stability.
A person or firm that advises clients on securities and must register with either the SEC or state securities authorities. An RIA might provide investment advice related to CERES Coin or manage investments in funds backing it.
A strategy where compliance is achieved through proactive engagement with regulatory bodies rather than enforcement actions. CERES aims for regulation by engagement with the SEC and other regulatory entities.
A regulation under the Investment Company Act of 1940 that governs money market funds, setting forth specific criteria for the quality, maturity, and diversity of investments these funds can hold. This rule ensures that money market funds, like the one backing CERES Coin, maintain a high level of safety and liquidity.
The process of registering with the U.S. Securities and Exchange Commission (SEC), which involves complying with federal securities laws. CERES Coin is notable for being the first SEC-registered stablecoin, ensuring it meets stringent regulatory standards.
Self-executing contracts with the terms of the agreement directly written into code. They automatically enforce and execute the terms of a contract when certain conditions are met, used by CERES for transaction automation.
A type of cryptocurrency designed to minimize the volatility of the price of the stablecoin, relative to some "stable" asset or basket of assets. CERES Coin is a stablecoin pegged to the U.S. Dollar, providing a stable medium of exchange.
A fee paid to CERES by the Fund Administrator for managing the blockchain ledger of the Money Market Fund. This fee is one of CERES's revenue sources.
An entity appointed by the primary transfer agent to perform some or all of the transfer agent functions, often for specific tasks like maintaining records for CERES Coin holders.
An individual or entity that owns CERES Tokens, which are different from CERES Coins as they represent a stake in the company's ecosystem rather than direct currency.
A legal agreement that outlines the rights, obligations, and restrictions associated with holding CERES Tokens. It includes provisions for income participation, liquidation, and governance.
A trust company, bank, or similar financial institution assigned by a corporation to maintain records of investors and their account balances, process transactions, and handle the issuance and cancellation of securities. For CERES, this includes managing records of CERES Coin holders.
Coin holders do not incur transaction fees for peer-to-peer transactions. However, transaction fees generated through the platform's operations are earned by CERES Token holders. These fees are derived from agreements with ecosystem partners and are subject to negotiation based on specific use cases.
An investment vehicle where the principal is invested in short-term obligations of the U.S. government or its agencies. These funds are known for their low risk and liquidity, which CERES uses to back its stablecoin, ensuring each CERES Coin has a stable value.
The income return on an investment, such as the interest or dividends received from holding a particular investment. CERES Coin holders receive yield from investments in U.S. Treasuries.
