Institutional Custody
Reserves are intended to be held with Northern Trust, one of the world's leading custodians serving global institutions.
The digital dollar
that enhances
capital efficiency
USCE - USD Capital Efficiency
Powered by Northern Trust custody
Issued by Brale
Powered by Northern Trust
institutional custody and a
gold-standard reserve
framework.
USCE gives institutions a safe and efficient gateway to digital asset markets while unlocking new and diversified sources of return.
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Regulated Structure
Issued through Brale Inc., a U.S. Money Services Business (MSB, NMLS-licensed), under the governance of a Delaware Statutory Trust.
Enhance Returns
Innovative design enabling institutional access to new revenue streams throughout the settlement cycle.
Institutional
Use Cases
USCE is designed to support a range of institutional workflows across digital asset and capital markets. Potential applications include:
Secured Financing & Repo
USCE can provide the digital cash leg for secured financing and repo transactions involving tokenized collateral, supporting atomic settlement and improved financing economics.
Institutional Trading & Settlement
USCE provides a capital-efficient digital settlement asset for institutional markets, with particular advantages in spot transactions for clients who elect to mint and deploy USCE.
Off-Exchange Settlement
USCE can support settlement through institutional off-exchange networks, enabling participants to move liquidity while reducing the need to maintain capital directly on trading venues.
Treasury & Payments
Institutions can hold, transfer and deploy USCE across treasury and payment workflows, with 24/7 movement across both permissioned networks such as Canton and permissionless networks including Ethereum, Base and Avalanche.
FOCUS: USCE FOR
SECURED LENDING
USCE’s Vault origination advantage in action
Intraday financing lets borrowers fund positions for hours rather than overnight, while lenders can deploy temporarily available liquidity into secured transactions. Tokenized settlement supports precise funding periods, automated maturity and atomic settlement, enabling the automatic, simultaneous exchange of digital cash and collateral once agreed conditions are met.
USCE can provide the digital cash legs of these transactions. Originate and lend USCE to earn Vault origination income alongside your secured financing returns. Participation in reserve-related revenue can continue after USCE is lent or transferred, while the originating Vault remains open and eligible.
Read the Broadridge / Finadium researchSame lending transaction. Additional origination income.
USCE combined income
Lending incomeCash or USCE · one 1-day transaction
Additional Vault incomeUSCE only · assumed open 1 day
Cash3.880%Lending rate p.a.
Originated USCE6.237%Combined rate p.a. while both accrue
3.880% lending + 2.357% Vault income · before costs
Check the highlighted inputs to calculate your illustration.
USCE combined income
View results Illustrative only. Income and returns are not guaranteed. Dollar income comprises one lending transaction over the selected lending duration plus Vault income over the independently selected Vault duration. No reinvestment or compounding is assumed. The combined annualized rate applies only while lending and Vault income both accrue. Vault duration is assumed, not guaranteed. Fees, taxes and any Vault positioning costs are excluded. Calculations use ACT/360 for both income streams; applicable accrual conventions remain subject to confirmation. Vault rate assumption dated 23 October 2026.
This illustration does not constitute an offer to buy or sell any security or enter into any transaction. Any commercial arrangement is subject to agreement and execution of final documentation. USCE Digital does not provide investment advice, brokerage or money transmission services. Prospective participants should consult their own legal, tax and other professional advisors.
Ecosystem
Partners
Regulated issuer (U.S. MSB, NMLS-licensed).
Regulated custodian bank.
Governed under Delaware Statutory Trust laws, with CSC Global acting as the independent Delaware trustee.
Independent Delaware trustee.
Serves as the Owner Trustee and platform administrator for the USCE ecoystem.
Technology & platform service provider
The people behind
USCE Digital.
Complementary leadership across product, technology, operating structure and institutional relationships.
As CEO of Eczodex Group, Michael leads USCE Digital’s overall direction, product design and commercial execution, alongside its technology and platform development.
He brings more than 25 years’ experience across business and IT transformation in financial services, enterprise technology and entrepreneurship.
As President & COO of Eczodex Group, David leads on USCE Digital’s strategic, operational and regulatory positioning and the development and management of institutional partnerships.
He brings more than 20 years of experience at IB ExCo level having operated as a Chief Auditor across five global investment banks, alongside strategic advisory work spanning traditional finance, digital asset and technology businesses
Experience that informs
our direction.
Experience across institutional finance, compliance, capital markets and digital-asset infrastructure.
Brian is an Honorary Professor of Physics at UCL and consults in risk and quantitative finance.
He brings 30 years’ financial-markets experience, including roles at Merrill Lynch, Goldman Sachs and Rabobank, spanning quantitative finance, risk and capital markets.
He holds a PhD in Theoretical Physics from Columbia University and previously served as Vice Chair of the United Kingdom Society of Investment Professionals.
Keith is a Fellow at the Cambridge Centre for Alternative Finance and chairs its Digital Asset Research programme.
Previously responsible for IBM’s global Financial Markets business, he brings extensive experience in financial-market infrastructure, institutional technology and digital assets.
Simon is a senior financial-services executive with more than 30 years’ experience in regulation, banking compliance and risk management.
He previously led Group Compliance at First Abu Dhabi Bank (FAB) and held senior leadership roles at Barclays, Nomura and Merrill Lynch, having begun his career in UK financial regulation.
Clarisse Hagège is the Co-Founder and CEO of Dfns, a core banking infrastructure platform for digital assets, enabling banks, fintechs, and FMIs to securely build financial use cases leveraging blockchain rails.
She holds degrees in Geopolitics, Finance, and Applied Economics from Sorbonne, Sciences Po, and Paris-Dauphine, and spent a decade in investment banking at Goldman Sachs, Merrill Lynch, and Crédit Agricole CIB. She is the President of the MPC Alliance and mentors startups through various programs.
Gautam is an executive leader, board director and strategic adviser with experience guiding large enterprises through growth and transformation.
Following two decades in finance across Shell’s global businesses, he served as CEO of DMCC in Dubai and KAFD in Saudi Arabia. A Chartered Accountant with a DBA from the University of Manchester, he serves on UNOPS’ Audit Advisory Committee and is an INSEAD-trained leadership coach and EMCC-accredited Senior Practitioner.
Pete is General Partner at Norio Ventures and former Managing Director of Techstars Web3.
He brings experience across global finance, early-stage investment and the development of fintech and digital-asset businesses.
Philip is a former Corporate Risk Manager at BP.
He currently lectures on corporate finance, risk management and strategy at the University of Cambridge and London Business School, bringing experience across treasury, valuation and financial risk.
Join the
controlled launch.
A controlled launch programme bringing together institutional counterparties for secured financing transactions.
Lenders
Our repo programme.
For institutional counterparties, participants interested in our repo programme, and strategic partners exploring digital settlement.
Enquire about the repo programmeBorrowers
Intraday and term financing.
Tell us about your intraday or term financing needs and discuss participation in the controlled launch.
Discuss your financing needsGeneral enquiries
Start a conversation.
Contact our team to discuss your use case, counterparty requirements and integration needs.
Contact the team