Proof of Reserves

The ZARC Coin is a digital asset pegged at 1:1 to the South African Rand (ZAR)

In order to uphold one of TD Markets / TDME core values of transparency and to assure clients that TD Markets / TDME is financially solvent and holds ZAR reserves in excess of  ZARC liabilities to clients; TD Markets / TDME provides regular updates on reserve status and there are independent statutory audits that are performed by reputable auditors

ZAR reserves are held in custody by one of the leading banks in Southern Africa in a segregated account.

Reserves are audited on an end of month basis by external auditors. As at 02/09/2025 the token will lapse a month in public circulation by 30/09/2025. Audit reports are updated accordingly in line with IFRS guidelines and relevant reporting standards to ensure that audit opinions are unqualified. 

TD Markets (Pty) Ltd is an Authorised Crypto Assets Services Provider with the Financial Sector Conduct Authority FSP49128.