A reserve instrument, not a speculation.
The Trinity Quant Token (TQT) is the on-chain claim layer for the Trinity Quant treasury. It is not a memetic instrument, nor a growth-narrative token. It is a quiet ledger entry — one that allows private access members to hold a transferable, auditable, and redeemable unit against a share of the firm's quantitative book.
This paper describes, in plain language, how TQT is minted, held, priced, and retired — and why the Base network was chosen as its home.
“If a token cannot be retired, it is not a liability.
And if it is not a liability, it is a rumour.”
Five rules we wrote for ourselves.
- 01
Every token is a claim.
TQT is redeemable — on a scheduled window — against the net asset value of the Trinity Quant treasury, less fees.
- 02
Nothing is minted in the dark.
All issuance events are signed by a three-of-five multisig and logged on-chain before circulation.
- 03
The custodian is a bank.
Treasury reserves are held at UBS under the Private Access Division. The multisig requires a UBS co-signer for any outflow.
- 04
Supply shrinks, never swells.
The 5,000,000,000 ceiling is hard-coded. The contract has no mint function past deployment. Burns are one-way.
- 05
Holders are not customers.
They are members. TQT confers read-access to the internal performance ledger, not a marketing dashboard.
Why Base, and not elsewhere.
Base is an L2 built atop Ethereum by Coinbase — regulated, liquid, and settled to the chain that moves the most institutional value on earth. For a private access fund issuing a quiet reserve token, that mattered more than throughput.
We considered Solana. We considered our own appchain. Both were cheaper, faster, and — in our view — less suitable. TQT must settle, not sprint.
- Network
- Base · 8453
- Standard
- ERC-20
- Decimals
- 18
- Symbol
- TQT
Supply, allocation, schedule.
The ceiling is five billion tokens. It will never move. Allocation is divided into four lanes — each locked on a separate vesting clock, each co-signed by the custodian.
What a token unlocks.
Ledger access.
Holders of 25,000 TQT or more may view the internal, near-real-time performance ledger — previously available only to UBS relationship managers.
Redemption priority.
During monthly redemption windows, long-dated holders (>180 days) are settled in the earlier tranches.
Strategy voting.
Members vote on the rebalancing cadence of the equal-weight strategy basket — quarterly, binding for UBS execution.
Quiet issuance rights.
Holders may transfer TQT to another verified member off-public-venue, preserving privacy while remaining on-chain.
The UBS Private Access signature.
Every outflow from the treasury requires three signatures from the Trinity Quant operations multisig and one counter-signature from a designated officer of the UBS Private Access Division. In practice, this means no single engineer, founder, or algorithm can move client capital.
- Trinity Quant multisig
- 3-of-5
- UBS custody co-signer
- 1-of-1
- Quorum required
- 4 total
- Time-lock
- 72 hours
- Audit cycle
- Semi-annual
- Auditor
- Deloitte (Zurich)
- Legal opinion
- On file · UBS Legal
- Emergency halt
- Custodian only
What can go wrong, stated plainly.
- Market risk. TQT's indicative price floats against the net asset value of the underlying quantitative book. Drawdowns are possible and historical.
- Smart-contract risk. The contract has been audited, but no audit eliminates residual risk. The emergency-halt function sits with the custodian for a reason.
- Liquidity risk. Redemption windows are monthly. TQT is not a checking account. Holders who may need capital sooner should not hold it.
- Regulatory risk. Jurisdictions evolve. Members are responsible for their own tax and reporting posture, and we will cooperate fully with any lawful inquiry.
References & further reading.
- i.Base Documentationbase.org/docs
- ii.ERC-20 Token Standard (EIP-20)eips.ethereum.org/EIPS/eip-20
- iii.UBS Private Access — Custody AddendumOn file · UBS-PA-0412-TQT
- iv.Trinity Quant, Issuance MemoInternal, March 2026
- v.Deloitte Zurich — Audit Report N° 18-AAvailable to members on request