AUSD is issued by Agora Bermuda Limited, a Bermuda segregated accounts company licensed by the Bermuda Monetary Authority with a Class F full licence under the Digital Asset Business Act. The US is a prohibited state in the Terms with no US money transmitter licensing claimed. In April 2026 Agora applied to the OCC for a national trust bank charter to enter the US market under the GENIUS Act framework.

Agora Bermuda Limited is the BMA licensed issuer with AUSD reserves in a statutorily ring fenced segregated account managed by VanEck with State Street custody and administration. Agora Blue Limited, a BVI company, operates the platform, and a New York operating company sits above the offshore entities.