Asset classes
Receivables
4 classes in this group. Each resolves from the group profile plus its own overrides, so the parts that genuinely differ are the only parts stated twice.
What the engine holds for each class
These are the actual template values the product uses when an issuer structures one of these assets — what it is, whether it pays, whether it ends, and what must be held or attested.
| Class | What it is | Fungibility | Income | Maturity | Custody & attestation |
|---|---|---|---|---|---|
| Invoice | Single invoices awaiting payment. | non fungible | Periodic income | Defined end date | None required |
| Trade receivable | Pools of receivables from trading counterparties. | fungible | Periodic income | Defined end date | None required |
| Supply-chain finance | Payables financing across a supplier network. | fungible | Periodic income | Defined end date | None required |
| Revenue-backed contract | Contracted future cash flows. | fungible | Periodic income | Defined end date | None required |
What has to be true before issuing
Readiness is derived from what has actually been recorded against the asset, not from a checklist somebody ticks. These are the requirements this group carries.
- Documented legal ownership, and a vehicle able to issue the claim being offered.
- Legal structures commonly used for this group: spv, security interest, debt instrument, note. Presented as options for counsel to choose between, never applied automatically.
- A valuation basis, which may reference a published market price where one exists.
- Custody arrangements appropriate to the claim being issued.
- Evidence of the underlying claim, retained in the data room.
- A servicing plan naming who calculates income, who pays it, and from which account.
- A compliance policy in force — an offering cannot open without one, because every subscription would otherwise be refused.
Structure a receivable asset
Launch Studio walks the asset from definition through structure, parties, data room and token configuration, and will not let it reach an offering without what this class requires.