Evidence before completion.
Development and paper demonstration. Not production-cleared. This is a release assessment, not live monitoring; deployments and account availability require fresh verification.
What is verified—and what is not
Local automated lifecycle tests and paper account access have been demonstrated. A newly filled IBKR purchase through public MetaMask delivery and redemption has not. Sepolia configuration and deployment remain outstanding. Older marketplace, identity and issuer screens include prototypes; their labels do not establish a working live service.
Every blockchain action must eventually show its chain, transaction hash, explorer link and confirmation state. Local-chain receipts have no public explorer. IBKR fills and bank payments need separate external evidence.
Credit is not confirmed financing
The application limit is an internal reservation cap—not IBKR buying power or a committed loan. Plan to prefund unless the account-owning SPV has approved financing and sufficient usable cash or collateral. Paper funds do not prove a live facility.
Margin is collateral-backed, subject to interest, changing requirements and liquidation. Monitor it daily/intraday; weekly balancing is not a margin grace period.
Manual treasury: do not skip a receipt
- Maker selects the approved SPV wallet, off-ramp, bank and broker account. A separate checker verifies destinations and any changes out of band.
- Confirm stablecoin receipt on the correct chain; approve quote, fees and slippage before conversion.
- Reconcile executed conversion and actual SPV bank credit. A provider withdrawal request is not bank settlement.
- Transfer using broker-specific instructions; confirm usable funds in the exact IBKR account. A deposit notification is not funding.
- Match fills, fees and eligible allocated custody before delivery. Confirm financing repayment separately from investor payment.
- Keep references, amounts/currencies, fees, UTC times, maker/checker approvals and independent statements. On ambiguity, stop and reconcile the original reference—do not retry blindly.
Current limitation: the application records a single operator's assertion. Independent bank verification, dual approval and destination approval are not enforced in software. These controls need approved external operation or implementation before real-money launch.
Identity, redemption and real assets
The optional controller KYC/KYB check is disabled by default. It is not a verification-provider integration, wallet signature or universal claim gate. Marketplace/dividend paths and privileged token authority still require work. Public secondary transfers are not subject to the proposed KYC allowlist.
A burn is not a broker sale, investor payout or credit repayment. Track each separately, including partial and failed states.
Live launch requires approved SPV accounts and financing, audited deployed contracts and keys, holder-signed authorization, independent backing, persistent hosted execution, monitored manual operations, recovery drills and risk/compliance approval. Do not remove paper-account guards as a migration shortcut.