Backing

iTRY is fully backed by the Digital Liquidity Fund's DLF token, which represents shares of a regulated basket of Turkish money-market funds. iTRY is designed to remain 100% collateralized at all times. Reserves are independently verifiable through Proof of reserves.

Backing protects collateralization, but does not guarantee consistent yield. Underlying money-market yields can fluctuate. See Risks.

Backing flow: iTRY is backed by a tokenized basket of Turkish money market funds.

Custody

iTRY uses a hybrid custody model that combines onchain smart contracts, institutional-grade digital asset custody, and regulated banking partners for underlying money-market fund assets.

The primary onchain custodian for iTRY is Zodia Custody, which safeguards the majority of iTRY's collateral reserves. Zodia is a regulated, institutional-grade digital asset custodian operating under established UK and EU regulatory frameworks and providing custody services to major banks, asset managers, and stablecoin issuers.

A limited portion of onchain reserves are held in the Fast Access Vault smart contract which facilitates instant redemptions. For additional details on the Fast Access Vault and custody, see Collateral Management.

iTRY provides daily reserve transparency through a layered disclosure framework. The Digital Liquidity Fund publishes an official NAV each business day via a licensed fund administrator, reflecting the marked-to-market value of all reserve assets. In parallel, iTRY works with Accountable to deliver daily proof-of-reserves reporting, verifying that the circulating iTRY supply is fully backed 1:1 by custodied DLF.

In addition, the Digital Liquidity Fund is subject to annual independent audits covering asset existence, valuation, segregation, and internal controls.