The structural blueprint for the Phase 1 MVP — where normal wealth and tokenized wealth run through one shared spine and split only at settlement.
Who the platform serves
A corporate seeking tokenization and a wealth-management investor enter through different doors — but both traverse the same identity, compliance, custody and reporting core. The issuer's offering becomes a listing the investor sees beside a mutual fund in the same storefront.
How it's layered
Concerns are separated into layers so capabilities scale independently and new ones bolt on without disrupting what's live. The Operations Engine is a Phase 2 layer — its interfaces exist in the MVP as thin contracts, satisfied for now by assisted reconciliation.
The six domains
Dependency shape matters: hubs are called by many, sinks terminate flows, leaves wrap the outside world. The Compliance Decision API is the gravitational center — every value-bearing action passes through it.
Parties, accounts, applications, authentication. Account-opening triangle, async KYC wait-state, save-and-resume.
Discovery, listings, offer documents, and one order spine for both buy/sell orders and subscriptions.
Suitability, eligibility, accreditation, transfer rules, jurisdiction blocks, KYC/AML orchestration.
Issuer onboarding, SPV admin, asset structuring, Token Factory mint/allocate, lifecycle distributions.
Unified positions, multi-currency wallet, custody integration, statements and regulator outputs.
Anti-corruption layer to every external system. Swap a vendor by swapping a connector, never the core.
The signature idea
Selecting, suitability, intake, funding, position and reporting are identical for a sukuk and a tokenized building. Only the settlement step differs — and that single split is the whole architecture in one picture.
The product universe
Every product is the same kind of position with a different settlement tail. Filter the universe to see how the two worlds map onto one architecture.
US, GCC and global listed shares and ETFs.
NAV-priced funds and money-market funds.
Fixed income with coupon schedules; Shariah profile on sukuk.
Payoff terms, barriers, autocalls — flagged complex.
On-chain coupon map; amortizing or bullet.
SPV-backed, rental income schedule, revaluation.
Cap-table linked, lock-ups, capital calls.
For every tokenized asset, rules are compiled into the token itself — defence in depth.
Walk it end to end
One flow, branching once. Select any product to light up its exact route — dashed boxes are the shared spine every product travels; coloured boxes are where it behaves differently; at the diamond the flow forks into two settlement tails and the product takes exactly one.
Supply side · issuers
The Corporate issuer pipeline — the supply that fills the investor marketplace above. Every asset class runs the same Ripple-powered engine; only the structuring, token economics and distributions differ. Pick an asset class to trace it.
Built to extend
The MVP doesn't get re-platformed for Phase 2 or 3 — those phases implement interfaces that already exist as thin contracts today.