TXA is an open source project that provides decentralized settlement services to exchanges, allowing for a new kind of crypto exchange. The Decentralized Settlement Layer combines CEX-like speeds with DEX-like privacy and security. The layer is expandable, meaning that it can be extended to support any exchanges that wish to use it. Settlement Data Oracle operators, who are TXA token holders, provide settlement services for trades and earn fees. The TXA token is the ecosystem utility token for the Decentralized Settlement Layer and can be used as a fee replacement on exchanges that use it or staked to operate a Settlement Data Oracle. The project aims to offer yield opportunities to the community while adhering to regulations.