Syndicate

Most networks publish token updates. Few open their books.

Today, the Syndicate Network Collective (DUNA) published its Q3 2025 financials—the first full, accrual-basis report from a decentralized network operating under U.S. law.

A new standard for transparency. ↓

As of September 30, 2025, the DUNA held 267,162,157 SYND tokens and $285,000 in cash on hand.

Key expenses this quarter included legal setup, governance operations, and infrastructure R&D.

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