A bank deposit, tokenized.
OZD represents a dollar deposit held under Stellus's Wyoming special-purpose depository institution charter — the regulated banking layer underneath the network.
Where ozUSD is an open bearer instrument, OZD is a tokenized claim on an actual bank deposit. Each OZD corresponds to a dollar on deposit at Stellus, a Wyoming-chartered SPDI. For institutions that want their on-chain dollars to sit inside a chartered depository — with the bank-grade controls, recordkeeping, and supervision that implies — OZD is the instrument.
What makes OZD different
- Deposit-backed
OZD is a tokenized deposit liability of a chartered institution, not a bearer reserve token.
- Identity-gated
OZD moves between verified parties through OzID, our identity and conversion gateway. It is built for permissioned, compliant settlement.
- Convertible
Move between OZD and ozUSD through OzID when you need to step between the permissioned and open layers.
- Bank-grade rails
Deposits sit at Stellus under its Wyoming SPDI charter and reserve requirements.