Arca Institutional U.S. Treasury FundTFND
TFND, issued by Arca Labs and tokenized by tZERO Securities, LLC, is a tokenized fund interest representing shares in an interest-bearing fund distributed and custodied through tZERO's SEC-registered, FINRA-member broker-dealer infrastructure on the Avalanche blockchain. TFND shares constitute digital asset securities in an interest-bearing fund that serves as the core settlement asset of the Lynq real-time settlement network. U.S. Bank serves as the qualified cash custodian for the fund's underlying assets. The fund employs a bankruptcy-remote architecture with segregated accounts that minimize counterparty risk for tokenholders. tZERO provides transparent proof of reserves through the platform. The Lynq network enables real-time peer-to-peer settlement of TFND shares among onboarded institutional counterparties. tZERO Securities, LLC is a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), and operates as the offering broker-dealer for TFND. tZERO Digital Asset Securities, LLC, a subsidiary of tZERO Group, Inc., holds custody of TFND shares and is authorized under U.S. securities law to custody, clear, and settle digital asset securities. The legal framework governing TFND leverages tZERO's Broker-Dealer and Special Purpose Broker-Dealer licenses together with Arca's registered investment adviser status. TFND shares are issued as digital asset securities on the Avalanche blockchain, which Avalanche operates as an open-source Layer 1 network. tZERO Securities, LLC operates as the offering broker-dealer, and tZERO Digital Asset Securities, LLC provides onchain custody and settlement of share records under U.S. securities law. As of July 16, 2025, 13 institutional counterparties were onboarded for real-time peer-to-peer TFND transfers.