Tokenized settlement for an asset issuer
Same-day settlement without giving up the compliance posture the issuer's counterparties required.
An asset issuer settled subscriptions and redemptions on a T+2 cycle through three intermediaries. Every hand-off added reconciliation work and a day of float that nobody was paid for.
A permissioned token representing the fund unit, with transfer restrictions enforced on-chain against an allowlist tied to KYC status.
An off-chain register kept as the legal source of truth, reconciled block by block, so the chain accelerated settlement without becoming the system of record.
Settlement moved to same-day. Reconciliation went from a manual morning routine to an exception queue that is usually empty, and auditors got a single continuous ledger instead of three exports.