The Asset Operations Layer
for Tokenized Markets
Issuance, compliance, capital operations, distributions and manager economics — on a ledger where no balance column exists to be edited. Every number is a projection over immutable entries.
ADMINISTRATION
LIVE
PAID TO DATE
SUPPORTED
No balance column
exists to be edited.
Positions, capital accounts, liquidity and portfolio value are projections over ledger entries. Corrections are reversing entries — never mutations. Two dimensions balance independently: CASH and UNIT, each asserted on its own.
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Four state machines. No illegal step.
Every transition passes assertTransition at the domain boundary — invalid moves fail before they reach the database.
Everything an issuer runs, in one operating layer.
TWR measures the manager.
XIRR measures the investor.
Time-weighted return is linked multiplicatively, never summed. Portfolio XIRR is solved by bisection and reports { rate, converged, reason, iterations } — a non-converged solve renders an em dash, never a confident 0.00%.
Explore analyticsThe hand that admits an investor is not the hand that moves money.
Five roles, enforced at three chokepoints. Scope is a required parameter on every loader, so the compiler catches leakage instead of discipline. Out of scope returns 404 — confirming another tenant's asset exists is already a leak.
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Off-chain today.
On-chain settlement ready.
Settlement is modelled as ledger entries, not transactions — so the truth layer stays intact when chain rails are added underneath it.