Dated: 10 February 2026
1. About this Product Disclosure Statement
This document forms the Product Disclosure Statement (PDS) for the Australian Digital Dollar or AUDD (the “AUDD”). The PDS contains important information, including the fees and other costs that apply to AUDD.
This PDS is designed to help you decide whether to obtain this product. The PDS does not take into account your individual objectives, financial situation, or needs. Any advice in the PDS is general advice only. You should consider the appropriateness of any general advice to your circumstances before acting on it. You should read this PDS carefully and seek expert advice before making any further decisions relating to the suitability of this product for you.
This PDS is issued by AUDC Pty Ltd ACN 637 164 722 (AUDC) as a requirement under the Corporations Act 2001 (Cth). AUDC holds an Australian Financial Services Licence (AFSL) (AFSL Number: 700123) authorising it to issue non-cash payment facilities, such as AUDD.
This PDS is an important document designed to assist you in deciding whether to acquire the financial product to which it relates: AUDD, a non-cash payment facility. You should read this PDS in full before acquiring AUDD.
The information in this PDS does not take into account your individual objectives, financial situation, or needs. You should consider its appropriateness to your circumstances before acting on it.
2. General Product Description
2.1 AUDD Stablecoin
A stablecoin is a type of digital asset token whose value is linked to a fiat currency, such as the Australian or US dollar. AUDD is a stablecoin that is backed on a 1-to-1 basis against the Australian Dollar, meaning that for every AUDD that it mints, AUDC holds AU$1 in reserve. AUDD is a token available on multiple blockchain networks.
AUDD is not a bank deposit, is not legal tender, and does not represent money held in an account in your name with an authorised deposit-taking institution (ADI). AUDD does not earn interest, is not yield-bearing and does not provide any return to AUDD Holders. You do not have access to protections under the Financial Claims Scheme (FCS). Other than the right of redemption in accordance with this PDS, holders of AUDD have no right to, and do not receive, any financial return or other economic benefit from the reserves.
Under the Corporations Act 2001 (Cth), certain stablecoins, such as AUDD, are treated as non-cash payment facilities.
AUDD may be sent, received, stored, traded, or swapped and may be used to facilitate payments, transactions, and remittances between individuals or between a business and its customers. Additionally, AUDD may be used to preserve value against the volatility of traditional cryptocurrency.
Individuals cannot purchase AUDD directly from AUDC and must purchase it through approved commercial or wholesale partners (Distributors). Upon obtaining AUDD, a person becomes an AUDD holder (AUDD Holder).
Because individuals cannot purchase AUDD directly from AUDC, they must use a digital currency exchange where AUDD is listed or otherwise made available. AUDC does not operate its own digital currency exchange. AUDD is currently available on several digital currency exchanges. The digital currency exchanges on which AUDD is available may change over time.
AUDD is minted and distributed only upon confirmation that the equivalent Australian Dollar amount has been received in the relevant settlement bank account. AUDD is not pre-minted, minted based on credit or minted in exchange for any currency other than the Australian Dollar, whether it is fiat, crypto, or a digital asset.
The terms that govern AUDD are set out in the AUDD Terms of Service, which are incorporated by reference into this PDS. You can obtain a copy of the AUDD Terms of Service from AUDC, and this will be provided to you upon request, at no charge, as soon as practicable. You may also obtain a copy of the AUDD Terms of Service by visiting our website.
2.2 Reserves
AUDC maintains reserves that are equal to or greater than the total underlying currency amount of AUDD on issue. All AUDD reserve funds are held as either cash in Australian dollars (in bank accounts with Australian authorised deposit-taking institutions or foreign banks) or cash equivalents denominated in Australian dollars (such as Australian government bonds).
The assets backing AUDD are held by AUDC (or a custodian) on bare trust on behalf of AUDD Holders, in accordance with this PDS and the AUDD Terms of Service. The reserves are held separately from property in which AUDC has an interest. Any amounts payable to an AUDD Holder on redemption of AUDD are payable from the reserves. The reserves are for the exclusive purpose of paying redemption amounts to AUDD Holders and paying fees (if any) that have been disclosed to AUDD Holders. AUDC is responsible for settling funds upon withdrawal; however, it may outsource these functions to other service providers.
2.3 Redeeming AUDD
To redeem AUDD, an AUDD Holder needs to create an account with a Distributor and request redemption from the Distributor. We will always ensure that AUDD Holders can redeem AUDD for Australian dollars via a Distributor or, if this is no longer available, directly via AUDC.
One Distributor is AUDD Digital, which is operated by AUDC’s related party, Dexah Advisory Pty Ltd (ACN 647 452 962). AUDD Digital can be used to redeem AUDD. Other Distributors also provide this functionality.
The AUDD Digital platform is not a financial product and is not covered by this PDS.
If you wish to redeem AUDD via AUDD Digital, you will need to register for an account on the AUDD Digital platform. To be eligible to open an account with AUDD Digital, you must:
- be either:
- a legally incorporated or registered legal person in Australia; or
- an Australian citizen or resident individual over the age of 18;
- have an Australian Bank Account;
- satisfy any additional eligibility criteria as set out by Dexah Advisory Pty Ltd.
Other Distributors may have their own eligibility criteria for opening an account and requesting redemption.
Redemption requests are processed only after a valid request is received and all required compliance checks are completed. Redemption times may vary depending on banking hours, system availability, transaction volumes and external dependencies.
Redemption requests may be delayed when required to complete compliance checks, when banking systems are unavailable, during a system outage, or when AUDC or the applicable Distributor reasonably considers it necessary to maintain the security or integrity of its systems.
Each AUDD Holder has the right to redeem AUDD for the underlying currency amount from AUDC when redemption is not possible through a Distributor. The right to redeem is subject only to:
- the AUDD Holder satisfying applicable "know your customer" checks, including as required under the Anti-Money Laundering and Counter-Terrorism Financing Act 2009 (Cth); and
- redemption of AUDD satisfying the minimum redemption threshold of $10.
3. Fees and Other Costs
If you obtain AUDD, you agree to pay the fees provided in this PDS. You are responsible for collecting, reporting and paying any taxes that may arise from your use of AUDD. You agree to comply with applicable tax laws in connection with your use of AUDD. These fees are available to view on the AUDC website. If the fees are to be changed, AUDC will provide you with 30 days’ prior written notice.
3.1 AUDC Fees and costs
You should read the important information about the fees before making a decision. The following fees and costs associated with AUDD are at AUDC’s discretion and may be changed at any time. Currently, AUDC charges the fees outlined below; however, fees may change between the date you read this PDS and the date you acquire the product.
AUDC may waive, in whole or in part, any of the following fees at its discretion:
(a) Fees to Mint and Burn AUDD
AUDC does not charge a fee to mint AUDD or redeem AUDD. AUDD will mint and redeem AUDD at a rate of 1 AUD (AU$1.00) per 1 AUDD.
(b) Redemption Fees
When an AUDD Holder requests redemption via a Distributor, AUDC will not charge the AUDD Holder a fee but may charge the Distributor a fee. The Distributor may charge the AUDD Holder fees. Such fees will depend on the current terms and conditions of the Distributor and the types of redemption requested (eg redemption to an account held with the Distributor or to the AUDD Holder's bank account). For redemptions via AUDD Digital (or directly from AUDC when redemption via a Distributor is unavailable), redemption fees to an external bank account will range from 0.10% to 1.00%. The fees charged by any other Distributor should be confirmed with that Distributor.
3.2 Other Fees and costs
When buying, selling, or transferring AUDD via a Distributor or another digital currency exchange, the exchange may charge additional fees. Information about these fees should be obtained from the Distributor or digital currency exchange.
Distributors and digital currency exchanges may also pass on to you on-chain gas fees for any blockchain transactions you initiate for your AUDD.
AUDC may receive interest on the AUDD reserves it holds. AUDC will retain any such interest.
3.3 Statements of Account
In becoming an AUDD Holder, you acknowledge that we do not provide, and you will not receive, paper statements. Please contact AUDC by visiting https://www.audd.digital/ (opens in a new tab) or by emailing AUDC at support@audd.digital if you require any assistance accessing electronic statements.
4. Changes to the PDS
The information in this PDS is subject to change from time to time and is correct and current as at the date stated on the front cover. Information regarding AUDD may need to be updated from time to time. Any updated information that is not considered to be materially adverse to customers will be made available on the AUDC Website.
AUDC may change the AUDD Terms of Service and any information in this PDS relating to the AUDD Terms of Service (including fees and charges) at any time without your consent. If you do not accept the updated AUDD Terms of Service, you should cease using AUDD.
Where a change to this PDS involves an increase in fees and charges, the introduction of a new fee or charge or is otherwise materially adverse, we will give you notice at least 30 days before the change takes effect. We will notify you of these changes by sending you an individual notice (either in person or by email).
However, changes necessary to restore or maintain the security of the system in which AUDD is used may be made without prior notice, subject to applicable law.
Alternatively, you may request a paper copy of any updated information free of charge from AUDC by emailing support@audd.digital . Any updated information that may be materially adverse to customers will be included in a replacement or supplementary PDS.
AUDD and any reserves will not earn you interest.
5. Parties Involved in the Issuing and Distribution of AUDD
5.1 Issuing of AUDD
AUDC Pty Ltd ACN 637 164 722 is the holder of an Australian Financial Services Licence (AFSL number: 700123). Under its AFSL, AUDC is authorised to provide financial services, including the issue of non-cash payment facilities.
Neither AUDC, nor anyone else acting on its behalf has the authority on behalf of AUDC to:
- a) tell you anything about AUDD that is inconsistent with the information in this PDS;
- b) give you personal financial product advice (i.e financial product advice that has considered one or more of your objectives, financial situation and needs) about AUDD; and
- c) do anything else on AUDC's behalf, other than marketing, arranging for the issue of and providing customer services in relation to your use of AUDD.
5.2 Distribution of AUDD
AUDD is available from approved Distributors. Distributors include AUDD Digital, and other businesses such as digital currency exchanges, money services businesses and various other businesses. Distributors of AUDD will have their own terms and conditions which relate to the purchase or sale of AUDD by them.
Distributors may determine to offer AUDD for resale.
AUDD may be available for purchase on secondary markets (including digital currency exchanges) that are not Distributors. In these circumstances, AUDC’s ability to control or influence distribution by such markets may be limited.
6. Significant Risks
Some of the risks that may be associated with the use of AUDD are outlined below. The risks described are intended to be a summary of the major risks associated with AUDD and are not exhaustive. There may be other risks that relate to the use of AUDD.
The significant risks of AUDD are as follows:
(a) Regulatory Risk
Digital currency is not currently recognised as legal tender in Australia. There is currently a degree of uncertainty regarding the treatment of digital assets in Australia. At the time of publishing this PDS, AUDD is regulated by ASIC as a non-cash payment facility and is relying on certain ASIC relief instruments in relation to the provision of AUDD as a financial product. The regulatory status and legal treatment of AUDD may change in the future. It is difficult to anticipate how an AUDD will be recognised under applicable law by courts and treated by regulators.
A change in regulatory treatment of stablecoins and other digital assets may affect AUDC’s ability to provide AUDD. The loss of, amendments to, or conditions on our Australian Financial Services Licence may also impact our ability to provide AUDD.
(b) Reserve Risk
AUDC relies on its banking and service provider partners to hold and manage reserve assets and to process redemption requests.
Although AUDC maintains reserves equal to or greater than the total AUDD on issue and holds those reserves on bare trust for AUDD Holders, there is a risk that access to reserve funds may be temporarily disrupted. This could occur due to operational failures, delays, or outages affecting banking partners, payment systems, or service providers, or due to regulatory, legal, or compliance actions affecting those parties.
In such circumstances, AUDD Holders may experience delays in the processing of redemption requests or may be temporarily unable to redeem AUDD immediately, even though the reserves remain held on trust for their benefit.
AUDC maintains reserve accounts with more than one authorised deposit-taking institution to mitigate these risks. However, AUDC does not guarantee uninterrupted access to reserve accounts or immediate redemption at all times.
(c) Operational risks
AUDD relies on blockchain technology and other infrastructure, which carries risks, including outages, hacks, scams, cyberattacks, other security-related issues, software or hardware malfunctions, and computer viruses. The occurrence of such issues may negatively impact the underlying blockchain, network or other systems that support AUDC and ultimately your access to the AUDD. Transactions may fail due to such issues. AUDC will make reasonable efforts to ensure that AUDD and associated services are available; however, they may be temporarily unavailable from time to time.
Unauthorised transactions can occur if access to your account with a Distributor or external wallet is compromised, including due to fraud or your password being revealed to another person (lost or stolen). Before authorising any transaction, you must check that the information is correct.
You may not be able to get your money back if unauthorised or unintended transactions occur.
There may not be recourse for lost or stolen AUDD.
To send, receive, transfer or swap AUDD on a blockchain network, an AUDD Holder must use an external wallet that they control. AUDC does not provide custodial wallet services and does not hold private keys on behalf of AUDD Holders.
AUDD Holders are solely responsible for the security, management and use of any external wallet.
(d) Tokens not minted by AUDC
Through an unauthorised fork or other manipulation of the blockchain, a third party may be able to mint tokens that appear to be AUDD but are not genuine AUDD tokens minted by AUDC.
AUDC and its Distributors will not be under any obligation to redeem such tokens.
To ensure that you are purchasing genuine AUDD, you can validate its authenticity by:
- 1. Cross-checking the contract or issuing address of the asset on-chain against our official list made available on our website (https://devhub.audd.digital/docs/supported-blockchains), or
- 2. Ensuring that you only purchase AUDD from an authorised Distributor.
Please contact us if you are unsure.
(e) Acceptance of AUDD
Whilst the use and acceptance of stablecoins are rapidly growing in the Australian and global economies, merchants retain the right to accept or decline stablecoins such as AUDD for payments. The ability to use AUDD is limited by how widely it is accepted as a form of payment and by how widely trading occurs on a secondary market.
AUDD Holders should be aware that AUDD is not a direct substitute for fiat currency for the purposes of making payments. AUDD does not warrant that AUDD can be sold on any market or will be accepted by any third party as a form of payment.
(f) Fluctuations in the Australian Dollar against other Currencies
The changing value of the Australian Dollar will impact the value of AUDD. For example, if the Australian Dollar declines significantly against other currencies, the value of AUDD will be affected.
(g) Insolvency Risk
In the event of AUDC’s insolvency, your ability to continue purchasing AUDD may be affected. However, there should be no impact on your ability to access the Australian Dollars referable to the AUDD you hold, as such Australian Dollars are held by AUDC on trust for you and are not used for any purpose other than allowing you to redeem amounts. Where an insolvency event has occurred, there may, however, be delays in processing withdrawals.
(h) Market Value Risks
There is a risk that the market value of AUDD will be less than its full-face value and that you may not be able to sell AUDD on a secondary market for its full face value. This risk is mitigated to some extent by the ability of eligible AUDD Holders to redeem AUDD directly with AUDD Digital for AU$1.00 per AUDD.
(i) Other risks
Changes in tax, legal and economic policy may impact upon AUDD.
7. Significant Benefits
The significant benefits of AUDD are as follows:
- AUDD may be used to pay for goods and services from merchants in Australia who accept AUDD, including for online purchases and transactions.
- AUDD is regulated by ASIC as a non-cash payment facility, subject to regulatory oversight as a financial product.
- AUDD can be bought and sold whilst maintaining 1:1 parity with Australian Dollars.
- AUDD can be used to make payments on various blockchain ledgers.
- The reserves of AUDD are held on bare trust for AUDD holders. AUDC maintains reserves that are equal to or greater than the total underlying currency amount of AUDD on issue. All AUDD reserve funds are held in Australian dollars as either cash or cash equivalents.
- Distributors of AUDD may enable AUDD Holders to do the following:
- exchange AUDD across various blockchains, enabling users to deposit or withdraw from an external wallet address; and
- send AUDD to anyone using an email or mobile number. This enables recipients without an AUDD wallet or account to receive a 'claimable balance'.
8. Important Information About the Financial Claims Scheme
The Financial Claims Scheme is administered by the Australian Prudential Regulation Authority (APRA) to protect depositors of authorised deposit-taking institutions from potential losses arising from their failure. It provides depositors with guaranteed protection, up to a cap. As at the date of this PDS, the Financial Claims Scheme applies to deposits only.
As your AUDD holdings are not a deposit in your name with an authorised deposit-taking institution, the Financial Claims Scheme does not protect your AUDD or any Australian Dollars AUDC holds in reserves on trust for the AUDD Holder. For more information, see APRA’s website at https://www.fcs.gov.au/ (opens in a new tab)
9. Your Tax Liability
You should get your own tax advice in relation to the impact your use of AUDD may have on your personal tax liability, as AUDC has not considered your individual circumstances or needs when issuing AUDD.
10. Privacy and Confidentiality
AUDC may collect personal information about you while providing AUDD to you. AUDC has adopted a Privacy Policy that explains how AUDC collects, stores, and uses any information you provide. A copy of our Privacy Policy is available at https://www.audd.digital/privacy-policy/
11. Incorporation by reference
You should read the important information referenced in the AUDD Terms of Service dated 10 February 2026, before making a decision.
Go to https://www.audd.digital/audd-terms-of-service/ for updated information. The information may change between the time you read this PDS and the day you acquire the product. The information referred to in the AUDD Terms of Service forms part of the PDS. Terms that are used in this PDS and defined in the AUDD Terms of Service have the meaning given to them in the AUDD Terms of Service.
12. Problems or Disputes
When you provide feedback to us, we have the opportunity to improve our services to you. If you have a query about AUDD, you should initially direct the query to AUDC.
AUDC can be contacted via:
Mail: Level 3, 461 Bourke Street, Melbourne, VIC, 3001, Australia
Email: support@audd.digital
Website: https://www.audd.digital/ (opens in a new tab)
Once your complaint is resolved, we will follow up to ensure you are satisfied with how it was handled.
If we are unable to resolve your complaint to your satisfaction within 30 days, you may be eligible to escalate the complaint to AUDC’s external dispute resolution service, the Australian Financial Complaints Authority (AFCA). AFCA provides fair and independent financial services complaint resolution, free for consumers. AFCA can be contacted at the following:
Mail: GPO Box 3, Melbourne VIC 3001, Australia
Phone: 1800 931 678 (free call)
Website: www.afca.org.au (opens in a new tab)
Email: info@afca.org.au
13. Glossary
ADI means an authorised deposit-taking institution, being a financial institution licensed by the Australian Prudential Regulatory Authority to carry on banking business, including accepting deposits from the public.
AFSL means Australian Financial Services Licence.
AUDC means AUDC Pty Ltd (ACN 637 164 722).
AUDD means the stablecoin issued by AUDC.
AUDD Digital means a platform for buying, selling and trading AUDD provided by AUDC’s related party, Dexah Advisory Pty Ltd (ACN 647 452 962)
AUDD Holder means a person who obtains AUDD.
AUDD Terms of Service means the terms governing your use of AUDD, as available on the AUDD Website.
Distributors means approved commercial or wholesale partners of AUDC from whom AUDD is able to be purchased.
FCS means the Financial Claims Scheme, an Australian Government scheme that provides protection to deposit-holders with Australian Incorporated banks.
PDS means this Product Disclosure Statement.
TMD means target market determination.