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No whitepaper found

Cryptex Finance

CTX · Cryptex Finance

UtilityGovernance token for Cryptex Finance — holders vote on protocol decisions.

What it is

Cryptex Finance is a US-based DeFi protocol on Ethereum building trust-minimized, on-chain financial indexes, best known for TCAP — a token that tracks the total market capitalization of the entire crypto market in real time. Its official white paper is published at cryptex.finance.

Technology & consensus

TCAP is minted through collateralized vaults requiring 150-200% backing collateral in ETH, with prices fed by Chainlink oracles; a parameterizable burn fee in ETH applies on vault debt repayment. The protocol is expanding sector-based indexes across Ethereum L2s including Base and Arbitrum.

Token utility

CTX is the governance token: holders vote on protocol upgrades for TCAP and future products, manage the Cryptex treasury, and submit proposals. It has a 10 million maximum supply.

Key risks & notes

Status: no_whitepaper_found — the official white paper at cryptex.finance/White_Paper.pdf could not be fetched during this session; summary grounded in official descriptions and exchange research. Risks: TCAP's collateral mechanics are complex and oracle-dependent; very small market cap and thin liquidity; the project operates under notable US regulatory scrutiny (SEC filings).

Primary source

No whitepaper found. The summary below is drawn from the project’s official documentation, site, or repository instead — the substitution is disclosed, not hidden.

Research status

Classification: No whitepaper found · Researched · Source material: official project documents only.

Machine-readable summary →

👁️ Evidence dossier

Verification classClass AFORA-01 scale — verification, not a quality ranking
Claim type · Governance token
What does the holder own?

Title, redemption claim, fractional ownership, reserve exposure — or just narrative.

CTX is the governance and utility token of the Cryptex protocol on Ethereum. Holders vote on-chain on protocol upgrades and treasury management, directly or by delegation; addresses with 100,000+ delegated CTX may propose executable actions, with a 3-day voting period, a 400,000-vote approval threshold, and timelock execution (2-day minimum, up to 30 days for major upgrades). Supply is fixed at 10 million CTX with no ongoing issuance and no protocol-level burn. Cryptex's TCAP and ARFI synthetic products were sunset in 2025, and the focus shifted to custody-backed index products for institutional infrastructure.

high confidence

Evidence: [1] · [2]

Verified
Who holds the underlying?

Needs an identifiable custodian or entity — not a wallet address or a label.

No underlying asset exists behind CTX by design. The project's SEC filing describes CTX as primarily utility-driven governance; it makes no claim of reserves or custodied assets backing the token. The custody-verified index products Cryptex now develops are separate instruments, not backing for CTX.

high confidence

Evidence: [1]

Verified
How are reserves checked?

Custodian records → inventory → third-party audit → supply reconciliation.

No reserves exist behind CTX to check. All 10 million tokens were created at genesis with no inflation or issuance mechanism; roughly 9.3 million were circulating as of August 2026 per the filing, and supply is fully auditable on-chain.

high confidence

Evidence: [1]

Verified
How does redemption work?

Eligibility, minimums, fees, KYC, settlement — and what happens to the token.

No redemption mechanism exists or is promised for CTX; holders' only liquidity is selling on the market. The 2025 sunsets of TCAP, ARFI, and the decentralized trading infrastructure removed the protocol's former synthetic products without creating any redemption right for CTX holders.

high confidence

Evidence: [1]

Verified
Who is liable if redemption fails?

A legally accountable entity and jurisdiction — not a DAO label.

No redemption obligation exists, so no entity is liable for redemption failure. Cryptex Finance, LLC operates the index business (advised by counsel on U.S. securities-law alignment); protocol governance executes through the DAO under timelock with an opt-out upgrade pattern, and CTX holders bear protocol and market risk.

medium confidence

Evidence: [1] · [2]

Verified

❔ UNVERIFIED means not yet researched — not disproven. Rows marked “researched” were investigated and independent evidence was not found. Coverage expands as FORTUNA verifies. This dossier was researched 2026-09-15. Method: FORA-01 Asset Claim Verification Protocol.

❔ Frequently asked questions

What is Cryptex Finance (CTX)?

Cryptex Finance is a US-based DeFi protocol on Ethereum building trust-minimized, on-chain financial indexes, best known for TCAP — a token that tracks the total market capitalization of the entire crypto market in real time. Its official white paper is published at cryptex.finance.

What does the holder own?

CTX is the governance and utility token of the Cryptex protocol on Ethereum. Holders vote on-chain on protocol upgrades and treasury management, directly or by delegation; addresses with 100,000+ delegated CTX may propose executable actions, with a 3-day voting period, a 400,000-vote approval threshold, and timelock execution (2-day minimum, up to 30 days for major upgrades). Supply is fixed at 10 million CTX with no ongoing issuance and no protocol-level burn. Cryptex's TCAP and ARFI synthetic products were sunset in 2025, and the focus shifted to custody-backed index products for institutional infrastructure.

What is Cryptex Finance's verification status?

Cryptex Finance (CTX) carries verification class A (Class A): every applicable FORA-01 question is VERIFIED — a full verification chain. What would change it: A status change would require new evidence — a status never changes from reinterpreting old evidence.

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