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ORBITRAONE™

Markets · Real-world assets

Every coupon, valuation and redemption on record.

Funds, credit, property and invoices issued with explicit permissions, valued through Prism and administered as lifecycle events — with eligibility enforced on every transfer.

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Illustration: An issuer releases a real-world asset whose cash-flow schedule pays coupons over time and ends with a redemption, with eligibility checked at each transfer.

Overview

Traditional assets, programmable administration

A real-world asset is more than a price. It has an issuer, a legal structure, holders who must be eligible and a calendar of coupons, valuations and redemptions. Conventionally that administration runs across registrars, transfer agents and reconciliations, and the record of ownership can lag the trade.

On ORBITRA ONE™ the terms, permissions and lifecycle of an asset travel with the asset. Issuers configure them in Asset Studio, VaultID enforces eligibility on every transfer and Prism publishes valuations with their source and confidence. The tokenization page covers issuance in depth.

Capabilities

Four asset classes, one administration layer

  1. 01

    Funds

    Tokenized fund shares that subscribe and redeem on the fund’s dealing schedule, with net asset values published through Prism.

  2. 02

    Credit

    Private credit, loans and notes whose coupons, amortization and maturity are encoded as scheduled events.

  3. 03

    Property

    Interests in property vehicles with periodic valuations and income distributions to eligible holders.

  4. 04

    Invoices

    Receivables with a defined maturity, payment confirmation and a documented process for late or missed payment.

  5. 05

    Issuer permissions

    Issuers set holder eligibility, transfer rules and lock-up periods, and every issuer action is recorded.

  6. 06

    Asset Studio

    Issuance and administration tooling for terms, permissions and lifecycle events. Issuers can start an inquiry.

Lifecycle

The life of a tokenized asset

  1. 01

    Structure

    The issuer defines terms, permissions and eligibility rules in Asset Studio.

  2. 02

    Issue

    Tokens are minted to eligible holders against settled subscriptions.

  3. 03

    Trade

    Secondary transfers, where permitted, pass VaultID checks on the order book or through RFQ.

  4. 04

    Value

    Prism publishes valuations and net asset values with source, method and confidence.

  5. 05

    Distribute

    Coupons and income are paid to record-date holders as signed lifecycle events.

  6. 06

    Redeem

    At maturity or in a redemption window, tokens are retired and proceeds settle atomically.

Protection

Safeguards for value that lives offchain

A token can enforce rules onchain, but the asset behind it still depends on issuers, servicers, custodians and legal structures. These controls make those dependencies visible.

  • 01

    Eligibility enforcement

    VaultID credentials are checked at every transfer, not only at onboarding.

  • 02

    Declared issuer powers

    Powers such as pausing transfers or recovering tokens are stated in the asset’s terms and recorded each time they are used.

  • 03

    Valuation transparency

    Each valuation shows its source, method, timestamp and confidence, and stale valuations are flagged.

  • 04

    Liquidity terms

    Redemption windows, notice periods and any gates are disclosed before subscription.

  • 05

    Named counterparties

    The issuer, legal vehicle, servicer and custodian are identified for each asset.

Order types

Order types for real-world assets

Many real-world assets trade by negotiation rather than continuous matching. Execution covers each workflow in detail.

Core

  • Limit
  • Stop-limit
  • Post-only

Advanced

  • Iceberg
  • Pegged

Algorithmic

  • TWAP
  • Liquidity seeker

Institutional

  • RFQ
  • Block
  • Basket
  • Cross-account

Specifications

Specifications

Asset classes
Funds, credit, property and invoices
Issuance
Asset Studio with issuer permissions and lifecycle configuration
Eligibility
VaultID credentials enforced at issuance and on every transfer
Valuation
Prism-published valuations with source, method and confidence
Lifecycle events
Coupons, distributions, valuations and redemptions as signed events
Settlement
Atomic delivery-versus-payment inside Orbitra L1

Real-world assets are generally restricted to eligible investors, and many are unavailable in some jurisdictions. Terms, liquidity and holder rights differ by asset. Review jurisdictions and the digital-asset disclosure for details.

Other markets

Markets overview

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