Human capital →

issuer → investor

From issuer to investor

The path of an instrument takes six steps.

  1. 01

    Application and screening

    The company applies and discloses the composition of its assets. We determine what can be digitised and verified, and select the matching class of instrument.

  2. 02

    Connecting the data

    We connect the feeds that carry information on-chain from the company systems and from independent sources: banks, counterparties, site operators, registries.

  3. 03

    Valuation and structuring

    The valuation model matching the asset is applied. An issuer rating, a risk profile and the terms of the issue are formed: pool size, term, collateral structure.

  4. 04

    Issue

    The instrument is issued within the legal perimeter of the Republic of Kazakhstan, and later in other jurisdictions. All key terms and verified indicators are recorded on-chain.

  5. 05

    Placement and servicing

    Investors acquire fractions of the instrument. Payments and reporting follow a schedule, and the asset status is refreshed by the oracle close to real time.

  6. 06

    Secondary market

    A holder can exit the instrument before maturity through the secondary market implemented on our platform.