1. Purpose
The Digital Assets & Currency Council (DACC) is a council formed to collaboratively guide the design, development, and deployment of the Infindex DLT framework optimized for inter-bank transfers and wholesale Central Bank Digital Currency (wCBDC) issuance.
2. Objectives
The DACC exists to:
- Bring together banks, central banks, and financial infrastructure providers to co-develop the standards for digital interbank settlement
- Provide guidance on privacy, scalability, interoperability, and compliance mechanisms within the Infindex DLT framework
- Support early-stage pilots and proof-of-concept (PoC) deployments of Infindex DLT Framework
- Foster collaboration between public and private institutions to ensure global readiness for sovereign digital asset ecosystems
3. Membership
Eligibility:
- Commercial Banks
- Central Banks
- Financial Institutions (NBFCs, Custodians, etc.)
- Regulatory Observers & Academic Institutions
Types of Members:
- Advisory Members: Contribute to technical and policy discussions; may join working groups
- Technical Contributors: Participate in testing, integration, and development
- Observers: Academic participants with read-only access and no voting rights
Membership Terms:
- Non-binding and voluntary
- No financial commitment unless explicitly stated (e.g., PoC participation)
- Members may withdraw at any time with written notice
4. Governance
- DACC shall be hosted and facilitated by Infindex Finance Private Limited as the initiating entity
- Key decisions (framework design, PoC structure) will be taken through open consultation with all active members
- Technical Working Groups (TWGs) may be formed for privacy, consensus, smart contracts, and interoperability
5. Participation in PoCs
Members may be invited to participate in Proof-of-Concept programs for the Infindex DLT framework.
Participation in PoC is optional and may include:
- Technical integration of nodes
- Co-design of use cases (e.g., wCBDC issuance, cross-border settlement)
- Contribution of resources (e.g., infrastructure, financial, data)
Each PoC will be governed under a separate MoU or participation agreement.
6. Intellectual Property & Confidentiality
- All proprietary contributions (e.g., code, models, documentation) remain the property of the contributor
- Any shared work under the DACC umbrella will be licensed under mutually agreed terms
- Members shall respect confidentiality and not disclose sensitive information shared within DACC sessions without prior approval
7. Communications & Branding
- The DACC name and logo may be used in external communications by Infindex and council members only with mutual consent
- Members may publicly identify themselves as participants in the DACC, subject to the DACC code of conduct
Signed,
On behalf of Infindex and the founding members of the Digital Assets & Currency Council
06 April 2025
