Skip to main content

Trust & Security

Making sure customers are investing and trading safely is the primary priority for us at Thirdbuy.

Aside from the typical risk-factors crypto exchanges face, we face a new set of risks when working with real world assets.

These two include: compliance of suppliers (projects tokenizing), compliance of investors, reliable redemption, and visilbility of real world asset information to ensure every token is backed.

Compliance

Each of the suppliers (projects tokenizing) that we work with is responsible for being compliant, and we make our best effort to ensure that they are compliant when we list.

Each supplier is responsible for making the necessary filings, getting the necessary approvals and potential exemptions to make sure they are listing properly.

In addition, if we receive an order from a government for a takedown, we will of course remove the asset from our platform. Takedown requests can be sent to info@thirdbuy.com.

Visiblility

Having complete visiblility on compliance requirements, risks, and other key information about every asset is integral to making investment decisions and having trust that what you are trading is truly backed and safe.

Thus, we ensure that details like SEC security filings, investment decks and prospectuses, and other information from every supplier is added for visiblity purposes. This is akin to whitepapers and project websites in the crypto space.

These kinds of documents don't necessarily pertain to the investment itself. Investors can often do their own research and don't need to read through all of a long prospectus to make decisions. Conversely, these documents often describe how the asset is being tokenized, how redemption works, and other additional information to make sure the friction in trading on blockchain is as minimal as possible.

Decentralization

In today's ecosystem, it would be incredibly difficult to build a system that tokenized real world assets in a manner that is completely decentralized. Further, it wouldn't make very much sense from the perspective of traders, projects tokenizing, and potentially from a compliance perspective as well.

As a result, some aspects of this system such as redemption and some compliance requirements must be, in part, centralized to ensure maximal trust and safety for our customers.

In addition: a system is not merely 'centralized' or 'decentralized'; instead the system becomes more and more decentralized with the more separate, interoperable nodes it adds to the system. Overtime, more and more nodes will be added from a compliance perspective, from a redemption perspective, and so on, improving the decentralization of a system like this.