Token ledger
ERC-20 balances, mint and burn events, proxy configuration, and transfers.
Protocol / 04
Asset and custody model
A stock token is an on-chain representation managed by the trading owner. Its economic backing depends on product-specific issuer, fund, broker, and custody arrangements.
Three records, three authorities
Broker / fund ledger
Underlying securities and cash sit outside the supplied contracts.
Attestation layer
Audit and zkPass evidence can assess selected controls or data.
Product-specific custody
General stock trading, DigiFT-linked Pre-IPO offerings, and the Kimi offshore USD fund use different legal and custody descriptions. This documentation does not collapse them into one “all assets at one broker” claim.
Operator disclosed. Institutional brokerage custody is described by DeShare, but complete public account-level reserve statements were not supplied.
What holders should verify
- The exact token contract and network.
- The rights in final product documents.
- The issuer, fund, custodian and redemption path.
- Whether a current proof covers that token and reporting period.