3/ Background on the transition: In December of 2020, TrueCoin, LLC (a subsidiary of Archblock, Inc.) transferred ownership of TUSD to Techteryx, an Asia-based consortium. Techteryx brings to TUSD significant resources and a vast global network to help the stablecoin scale and reach new untapped markets. As of July 14, 2023, the market capitalization for TUSD is in excess of $2.8B. Following the transfer of ownership in 2020, the Archblock team continued to support the TUSD business with operations, compliance, and a robust banking network during the transitional period.