> ## Documentation Index
> Fetch the complete documentation index at: https://docs.hamilton.xyz/llms.txt
> Use this file to discover all available pages before exploring further.

# Partners

> The outside firms that hold, move or check money for Hamilton, and what none of them can do.

**Hamilton relies on a small number of named firms to hold reserves, move money and check its clients.** Each has one job. None of them has any power over the USDh contract.

## Our partners

| Partner | What they do for Hamilton | Where it fits |
| - | - | - |
| **Arqaam Securities** | Broker and custodian in the Dubai International Financial Centre (DIFC). Buys, sells and holds reserve assets | Reserves |
| **Agora** | Issues AUSD, a dollar stablecoin backed by US Treasury bills. Part of the reserves may be held in AUSD | Reserves |
| **Anchorage** | Converts between US dollars and stablecoins | Moving money |
| **Meow** | Banking partner. Holds US dollar accounts and converts between dollars and stablecoins | Banking and moving money |
| **Didit** | Identity checks on the businesses and people behind each Mint User | Onboarding |

## What none of them can do

Our partners work off the blockchain, on Hamilton's instructions. **None of them holds any power over the USDh contract.** No partner can:

* create USDh,
* change or upgrade the contract, or
* freeze, move or take anyone's tokens.

Those powers sit only with the timelock and Hamilton's own multisig wallets. See [Security](https://docs.hamilton.xyz/trust-and-transparency/security-and-audits.md).

## Not appointed yet

| Role | Status |
| - | - |
| Independent firm to check the reserves each month | Not appointed yet. Will be named here once engaged |
| Smart contract auditor | Not appointed yet. Will be named on [Security](https://docs.hamilton.xyz/trust-and-transparency/security-and-audits.md) once engaged |

## Why this matters

If a partner failed, froze an account or paid late, redemptions could slow down or the reserves could shrink. That risk is listed on [Risks](https://docs.hamilton.xyz/trust-and-transparency/risks.md).

*Partners can change. This page is updated when they do.*

*Last updated: 10 November 2026*


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