Australian Dollars on the Blockchain

Ettle is launching an Australian Dollar cash backed stablecoin (AUDE) that is fully banked and redeemable. The Ettle stablecoin will be used for a vast array of use cases and will be independently audited to always ensure a cash backing for each and every stablecoin on issue.

TRANSPARENT & AUDITED TREASURY

Ettle has appointed an independent third-party auditor to attest to its fully banked treasury. Through regular and random attestations, the auditor will ensure that each and every AUDE Token is backed by real 1 for 1 cash reserves which are held by an independent and fully licensed custodian and trustee. Tokens are fully redeemable for their underlying AUD cash value.

EASILY TRANSFERABLE & REDEEMABLE

AUDE is easily transferable on the blockchain and fully redeemable for its underlying cash backing to nominated bank accounts via Ettle’s banking partners. This offers a critical bridge between the traditional dollar-based economy and the emerging decentralised economy ensuring stability and certainty of value.

HELD IN TRUST

The Ettle stablecoin has a treasury that is securely held by a licensed and regulated banking institution and managed by a licensed trustee.  This ensures fast, secure and efficient redemptions to your bank of choice.

Digitised AUD on Multiple Chains

Ettle will offer its AUDE stablecoin as an on-ramp for its web 3.0 partners as well as offering AUDE on multiple exchanges and multiple chains.  Initially AUDE will be minted on Ethereum with more chains to come.  Every AUDE token is fully redeemable for its underlying value from its fully banked treasury.

  • Buy AUDE with a debit or credit card
  • On-ramp to partner exchanges with AUDE
  • Redeem easily using our exchange partners or from Ettle directly

Trust & Security is our Priority

Ettle will ensure that all AUDE redemptions meet its stringent KYC/AML compliance obligations.  Users can be assured that Ettle satisfies the highest compliance and security standards possible to ensure the privacy and security of all its users and that the treasury balance always matches the tokens on issue.

SECURELY REDEEM TO AN AUSTRALIAN BANK ACCOUNT

Through its treasury partners, Ettle offers fast and easy redemption for your stablecoin 24 hours a day.

PROGRAMMABLE MONEY ON THE BLOCKCHAIN

Using Smart Contracts, Ettle offers the potential of automated payments without third parties such as PoS and escrow. Being full redeemable and banked, AUDE offers all the value of real dollars with the exciting potential of the blockchain.

SWAP BETWEEN CHAINS

The Ettle platform is designed to facilitate cross chain swapping ensuring your AUDE can be applied to the broadest set of use cases across multiple chains.

USE AUDE to PURCHASE BTC, ETH and OTHER ASSETS

Purchase BTC or ETH without needing to connect a bank account to your exchange and close out your position without needing to sell for cash or use bank transfers.

SEAMLESSLY CONNECT TO MULTIPLE EXCHANGES

Move your trading balance easily between exchanges without exposing yourself to any volatility risk or needing a bank account with each exchange.

High speed

Minting coins and redeeming is all API based and using the fastest blockchains in the world AUDE ensures blazing speed for your transactions.

Leadership team

James Hill

Chief Executive Officer

Amit Deshmukh

Chief Product Officer

Min Tan

Finance Manager

Santi Gómez

Head of Engineering

James Jones

Chief Technology Officer

Charlie Chen

Head of Strategy & Partnerships

Roadmap

Ettle will be launching soon
1

Ettle Establishment

October 2021
2

Licensed Custodian & Trustee

May 2022
3

Regulatory and Compliance Finalisation

May 2022
4

Commercial and Vendor Agreements

July 2022
5

Partner integration & testing completed

September 2022
6

Testnet Launch

September 2022
7

Mainnet Launch

November 2022
October 2021

Ettle Establishment

Ettle was incubated by Meld Ventures in October 2021 and formally established at the beginning of 2022. Ettle has both stablecoin infrastructure as well as technology that allows it mint and redeem tokens on demand.

May 2022

Trustee Appointed

Through a partnership with licensed Trustee and Custodian, Ettle now has a compliant AUD stablecoin treasury infrastructure and expertise. The stablecoin will be backed 1:1 by an underlying fiat AUD treasury held in trust allowing users to easily transition between fiat and digital currency, unlocking numerous other innovative applications in addition to facilitating digital asset investments.

May 2022

Regulatory and Compliance Finalisation

The Ettle team has be working extensively with commercial partners and legal practitioners to develop a robust compliance model incorporating full KYC and AML processes. Full testing and legal sign-off on the new processes was completed in May.

July 2022

Commercial and Vendor Agreements

Ettle’s commercial partners and vendors play an important role in enabling the delivery of Ettle’s products and services. These partners include, but are not limited to, the custodian, trustee, auditor AML/CTF/KYC platforms, payments providers, exchanges and many more. 

September 2022

Partner integration & testing completed

The Ettle engineering team will have completed the final integration and testing of partner integration including API integration into its banking partner for redemptions in preparation for Testnet Launch.

September 2022

Testnet Launch

A significant milestone for Ettle, testnet launch will provide the opportunity for a select group of customers to trial a test minting of AUDE in conjunction with the Engineering Team. 

November 2022

Mainnet Launch

Following a productive and informative testnet launch, final refinement and improvements to the stablecoin infrastructure will be made.  AUDE will be live on exchange partners in November the first step on its amazing product journey.

Partners & Investors

Litepaper

Read the Ettle litepaper. Learn more about Ettle’s key features and why it’s poised to be a major contributor to the web 3 ecosystem and revolutionise the Australian Dollar on the blockchain.

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