> ## Documentation Index
> Fetch the complete documentation index at: https://t3sa.com/docs/llms.txt
> Use this file to discover all available pages before exploring further.

# Custody and Compliance

> How TESA handles custody, traceability and regulatory framework

TESA is non-custodial. Funds never pass through TESA's balance sheet, are not pooled with those of other clients, and the keys remain with the custodian the company already uses, whether self-custody or a qualified custodian.

Two points underpin the design:

* **Traceability:** every inflow, allocation, rebalancing and redemption leaves an auditable on-chain record, which shortens accounting reconciliation and audits.
* **Local framework:** the product was designed for the Brazilian regulatory environment from the start, not adapted afterwards.