Platform
Issuer Portal
An issuer needs to answer three questions at any moment — who holds what, whose money is here, and what is waiting on somebody. Everything else is reporting.
What it changes
- The book is derivedHow much has been committed is recomputed from the subscriptions inside the transaction about to act on it. A cached total that drifts by one subscription means accepting money past target.
- The register proves itselfIssued supply is rebuilt from the movement history and compared to the running totals; a disagreement means a lost write and the page refuses to be trusted until it is resolved.
- Everything irreversible queuesNine permissions execute from the approval queue, and the payload is re-derived from current state at execution — an approval for one amount cannot be spent on another.
What it includes
OfferingsTerms, book, allocation preview and apply.
RegisterCap table in integer basis points, movements, and chain reconciliation.
LedgerChart of accounts, trial balance and per-account statements.
ApprovalsOne execution point for every irreversible action.
AuditHash-chained, append-only, and verifiable.
See it against something real.
Bring an instrument you are actually considering. Structuring it is the only way to judge whether the model fits.