The governing document

1 · Series overview

The Trensik XRPL Benchmark Series comprises four chain-linked indices over the real-world assets listed on Trensik’s XRPL venue: TXC (Composite, all 48 assets), TXEQ (Equities, 39 WeildX tokenized equities), TXTR (Trackers, 6 Assetiko index and sector tokens), and TXCM (Commodities, 3 Assetiko commodity tokens). The permanent series began at 1000.00 and is extended from pinned, validated XRPL mainnet ledgers without rebasing. The current calculation uses ledger 107460203 (2026-10-06). TXC-EW and TXEQ-EW are concentration diagnostics, not standalone benchmarks (§4.4).

2 · Universe & eligibility

The universe is the target-local registry. Eligibility requires the exact XRPL currency-and-issuer identity, a positive validated issuer obligation, an unfrozen and funded exact token/USDV AMM, at least 50,000 USDV of two-sided liquidity, normally at least 24 reserve changes in seven days, a validated trade no older than 72 hours, and at least 20 validated checkpoint receipts. A checkpoint move above 25% fails as an outlier. Current result: 48 eligible · 48 included · 0 exclusions. Methodology 2.1 permits an existing constituent with fewer than 24 reserve changes to continue only when every other check passes, including complete validated history, reserve reconciliation and reserve activity within 72 hours. Genuine unchanged prices remain flat; no activity is invented. Historical publications remain available under /data/history/2.0-xrpl-107124938. Any other failed check halts the candidate; it is never filled from another asset or route.

3 · Data & alignment

Price is the USDV reserve divided by the token reserve in the exact validated XRPL AMM.24 timestamped checkpoints span seven days; each uses the latest validated pool reserve state at or before its timestamp. Every history page is exhausted with a pinned ledger range and the reconstructed close must reconcile to the pinned AMM reserve. Points retain the compact labels P0 … P23; their ISO timestamps are published in the level CSV and JSON files.

4 · Weighting

while any w[i] > cap:
  excess   = Σ (w[i] - cap) over capped members
  w[i]     = cap                       for capped members
  w[j]    += excess · w[j] / Σ w[j]    for uncapped members

5 · Calculation

Within regime r:
Level(t)        = Level(r) · Σᵢ wᵢ,r · Pᵢ(t) / Pᵢ(r)
IntervalReturn  = Level(t+1) / Level(t) − 1
Chain link      = Level(r,new) = Level(r,old)
Contributionᵢ   = Σᵣ Level(r) · wᵢ,r · ΔPᵢ,r / Pᵢ(r)   [index points]

The inception base is 1000.00. Inside each membership regime, the opening level, exact identities, weights, and reference prices are fixed. A new regime begins at the prior published level, so a rebalance creates no artificial jump. The Attribution Spine sums regime-aware constituent contributions: TXC’s close of 977.46 reconciles to its current window opening level of 970.27.

6 · Rebalancing & events

A target-local candidate is calculated daily at 00:00 UTC. It must pass snapshot, quality, identity, arithmetic, history, receipt, freshness, route, and browser checks before owner-approved publication. Scheduled membership changes occur on the first Monday calculation of the quarter; additions and removals wait for that quarterly rebalance. An emergency eligibility failure halts calculation instead of silently deleting or redistributing a member. Validated-ledger corrections retain the original receipt and publish a versioned restatement; silent revisions are prohibited. Ancillary event panels stay empty unless this target has an independently verified official-source receipt.

7 · Derived statistics

8 · Naming & identifiers

Codes use the TX prefix (TXC, TXEQ, TXTR, TXCM) with the -EW suffix for equal-weight sub-series. Codes deliberately carry no member counts, so they survive universe growth. “TRX” is never used — it is TRON’s ticker; “TNX” is avoided as the CBOE 10-year Treasury yield symbol.

9 · Limitations & disclaimers

Public levels are chain-linked, while the interactive breadth and attribution exhibits describe the current validated seven-day window. USD figures use USDV as the quote asset; the benchmark does not independently assert off-ledger USD redemption parity. A zero 24-hour flow can occur outside active trading hours, but validated seven-day activity and trade-recency requirements still apply. No ratings, scores, targets, outlooks, or opinions are published. Nothing here is investment advice. Snapshot hash, exact identity, AMM state, market quality, history continuity, independent receipts, and build arithmetic are fail-closed.

10 · Revision history