Barfinex
Chad Cascarilla

Chad Cascarilla

Founder and CEO of Prime Trust (custody/escrow partner) · Prime Trust

Enabled fiat custody and segregated escrow accounts used by TrustToken for TrueUSD redeemability and reserve management

Provided core custody and escrow services that TrustToken leveraged to create segregated fiat pools backing TrueUSD tokens. Contracted and operationalized bank accounts and custody controls that tied individual token minting to actual fiat deposits, enabling the practical mechanics of mint/burn and on‑chain representation of off‑chain reserves. Those operational agreements were key, because they converted legal assurances into actionable plumbing supporting liquidity and redeemability. Implemented compliance workflows, account segregation and API integrations that allowed automated verification of fiat deposits and triggers for token minting. The technical and operational integrations with the TrueUSD issuance process reduced frictions for large redemptions and supported exchanges' requirements for swift settlement, directly influencing circulating supply and market depth. Delivered attestable custody records and participated in public communications about reserve handling that exchange operators and institutional counterparties used when assessing TUSD credit and settlement risk. Those documented custody relationships and operational guarantees materially affected traders' willingness to hold and trade TUSD across venues.

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