CenterNetwork

The Dual Audit Standard.

Every asset is audited on-chain and off-chain by independent firms, and both reports are published before a token is minted.

ON-CHAINOFF-CHAINCode reviewSmart contract auditDeploymentverificationProof of reserve liveFinancialstatements auditLegal andregulatory reviewCustody confirmationReport publishedPublishedto investorsTokens mintedON-CHAINCode reviewSmart contract auditDeployment verificationProof of reserve liveOFF-CHAINFinancial statements auditLegal and regulatory reviewCustody confirmationReport publishedPublished to investorsTokens minted

What is audited

Loading the audit trail
On-chainOff-chain
Contract codeFinancial statements
Access controlsLegal standing and authority to issue
Upgrade pathsCustody arrangements
Oracle and reserve logicAsset existence and valuation
Deployment verificationSanctions and AML screening

Who audits

Independence. Each audit is performed by a firm that has no ownership, lending or advisory relationship with CenterNetwork or the issuer. The firm is named in the report and on the asset page.

International standards. Financial and legal audits follow the standards stated in each report [standard to be confirmed per engagement]. Smart contract audits follow the firm's published methodology, which is linked from the report.

Rotation policy. The lead firm for each asset is rotated on a published cycle [cycle to be confirmed], and a change of firm is disclosed with the next report.

Disclosed conflicts. Any relationship between a firm and an issuer, custodian or CenterNetwork that arises during an engagement is disclosed in the report and on this page.

When it is published

Before mintingBoth reports are published before any token is minted.
ContractsA new on-chain audit on every contract change, published before deployment.
AttestationsReserve attestations monthly, with the firm, the scope and the file.
FinancialsFinancial and legal audits annually, and on any change of issuer or custodian.

What it does not cover

Audits reduce operational and reporting risk. They do not remove credit, interest rate, currency or liquidity risk.

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