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Automatic Compliance

The issuer or their agents have the ability to enable or disable transfers and secondary market solutions. All transfers are governed by compliance rules that verify the recipient's eligibility and any additional control rules specified within the token.

Type of transfers

As defined in the assets API, different types of transfer can be set up for the secondary market:

• Simple transfer: allow an authorised investor to send tokens to another authorised investor.
• Conditional transfer: approval(s) is(are) required for the transfer to be executed.
• Transfer whitelisting: only a subset of whitelisted addresses are allowed to perform transfers.
• DvP transfer: Transfer with atomic swap and no counterparty risk. It can be used directly, or via Distribution smart contracts on the DINO distribution network.

Note: Transfer whitelisting and Conditional transfer are mutually exclusive. You can only activate one or the other on the same ERC3643.

On those type of transfers, you can also define:

• Transfer limits over a given period of time
• Transfer fees to be taken on each transfer

Simple transfer is the default method used when the token is deployed. Transfer rules and functions can be changed at any point of time during the lifecycle of the tokenized asset.

DINO Distribution smart contracts

Issuers have the capability to activate Distribution smart contracts, which in turn enables their investors to create trading intentions, known as "offers," directly on the blockchain in a peer-to-peer setup. This functionality allows investors to express their interest in buying or selling tokenized assets in a decentralized manner.

Tokeny is actively developing APIs that interact with these distribution smart contracts to streamline integration for distributors. These APIs will facilitate the creation and acceptance of offers, making it easier for regulated distributors to manage and participate in the trading of tokenized assets on behalf of their clients. By providing these tools, Tokeny aims to enhance the liquidity and accessibility of tokenized securities.

Billboard

Billboard is an integrated bulletin board system that can be made available to qualified investors on the issuer's platform. Offers are created in Tokeny's API and not on the blockchain as it is the case with DINO distribution smart contracts.

T-REX Engine allows you to open a billboard for your secondary market, where investors can create trading intentions to swap their tokens against a set of cash tokens that you define.

Each offer posted on the billboard is freely publishable by any qualified investor and is composed of:

• Details of the trade: number of tokens to be sold against number of tokens to be bought and the calculation of the price
• Expiration date: calculated automatically based on the settings
• Contact information of the poster of the offer: phone number, WhatsApp, email address, ...

Billboard settings

For each ERC3643 that you manage, you can activate their listing on the billboard by defining a simple flag called Tradable.

Once a token is defined as tradable, you can define other settings for the billboard:

• Currencies allowed: define the list of currencies you want your token to be swapped with
• Expiration: the maximum number of days an offer can be present on the billboard.

Billboard offers

Once offers are posted on the billboard, as an agent you can decide to deactivate it (resp. activate it).

Deactivating an offer means it will not be available anymore to qualified investors visiting the billboard.

Centralised exchanges

Tokeny has developed a generic way to enable the listing of your tokens on any centralised exchange accepting ERC-20 tokens.

Once you have decided to list your permissioned tokens on a centralised exchange, you need to qualify their deposit wallet in order to allow them to receive your ERC-3643. You can easily configure those wallets through the T-REX Engine and, once qualified, manage the quantity of tokens to be sent to them.

DeFi

ERC-3643 tokens are natively compatible with most of the DeFi protocols. In order to authorize a DeFi protocol for your token holders, you need to qualify the protocol smart contract address.