Every tStock starts with a real share.

How it works

Minting

1. 01

   Deliver shares

   The AP moves shares from its broker account to an account S01 designates at an Eligible Broker.

2. 02

   Confirmation

   S01 confirms the shares have arrived.

3. 03

   Mint

   S01 mints the matching tStock to the AP’s wallet, with a receipt onchain.

4. 04

   Into the market

   The tokens are free to trade, wrap and use across the ecosystem.

Redemption

1. 01

   Return tokens

   The holder sends tokens to S01 and names a broker account.

2. 02

   Shares out

   S01 transfers the matching shares to that account.

3. 03

   Burn

   S01 burns the tokens once delivery is confirmed, onchain.

Who can be an AP

Firms that S01 onboards to mint and redeem directly. Everyone else gets tokens at the venues.

• A broker account

  An account with an Eligible Broker, under that broker’s onboarding.

• Onboarding with S01

  S01’s eligibility and sanctions checks: not a US person, not sanctioned.

• Whitelisted wallets

  The wallets you mint to and redeem from, set up in advance.