---
title: "Treasury WG · Decide where the DAO stores XRD"
url: "https://radix.wiki/ideas/dao-xrd-custody"
version: "1.1.0"
updated: 2026-08-16
license: CC-BY-4.0
license_url: "https://creativecommons.org/licenses/by/4.0/"
---

# Treasury WG · Decide where the DAO stores XRD

| Status | 🟠 Proposed |
| --- | --- |
| Working Group | Treasury & Finance WG |
| Category | ⚖️ Governance |
| Governance Phase | Phase 1 – active at launch |
| Champion | Austin |
| Origin | [TC – Where should the DAO store $XRD?](https://radixtalk.com/t/tc-where-should-the-dao-store-xrd/2242) |

The DAO needs a ratified custody model for its treasury: native on-ledger multisig vs. mixed custody, and a Treasury Risk & Diversification stance (how much XRD vs. stablecoins to hold against a 6–12 month runway).

## Where it stands (August 2026)

The Temp Check has not resolved, but the account it is about is now readable on the ledger. On 11 August 2026 the framework's On-Chain Identifiers & Verification Policy replaced its last placeholder with a deployed [primary multi-signature treasury account](https://dashboard.radixdlt.com/account/account_rdx1c9l27suy4nte9ymge5c3eqqnnfepgf9p28d9lcsv3jvmd0f0z8j2fx). Read on 16 August 2026 at epoch 335598, its owner rule is a `CountOf(2)` over three Ed25519 signature badges – the 2-of-3 threshold [DAO Parameters §6A](https://github.com/Shadaffy/radix-dao-governance/blob/master/pending/parameters/dao-parameters-registry.md) specifies for this phase – and it holds 200 XRD, deposited on 10 August, plus one non-fungible.

That non-fungible is the first thing the DAO has actually taken custody of. On [13 August 2026 at 15:24 UTC](https://dashboard.radixdlt.com/transaction/txid_rdx1kg65rh9spggn32h0cqj5d7jyn8n07euv98cmcj05xryn6rt5u4vqrgzjdg) the Consultations Master Badge moved out of a single-signature account and into the treasury account, satisfying the policy's custody rule before the policy itself is in force. So the account exists and is under a quorum; what has not arrived is a treasury. Nothing on the ledger yet speaks to this card's actual question – the ratio of XRD to stablecoins to hold against a 6–12 month runway – which waits on the Phase 2 Treasury Risk & Diversification Policy. The ledger reading is kept current on [Radix Governance](/contents/tech/core-concepts/radix-governance#on-chain-register).

## Deliverables

- Resolve the Temp Check on primary XRD custody.
- Adopt the Treasury Risk & Diversification Policy (Phase 2) target ratios.
- Define stablecoin runway sizing for operating expenses.

## Dependencies & cross-references

- Governed by [Daffy's Radix DAO framework](https://github.com/Shadaffy/radix-dao) (repo `Shadaffy/radix-dao`); see the [Governance Framework Reference Repo](https://radixtalk.com/t/rfc-dao-governance-framework-reference-repo/2268) and [Charter (Round 1)](https://radixtalk.com/t/rfc-dao-documents-round1-the-charter/2269).
- Implemented by [the treasury multisig](/ideas/dao-treasury-multisig-signers).

## Sources

- [TC – Where should the DAO store $XRD?](https://radixtalk.com/t/tc-where-should-the-dao-store-xrd/2242)