OPTKAS Settlement & Control Infrastructure

Institutional-Grade Dual-Ledger Capital Markets Infrastructure

Legally Anchored. Cryptographically Verified. Multisig Governed.

What This System Is: OPTKAS is a membership-based institutional financial infrastructure — a private cooperative providing governed capital facilities, regulated custody coordination, and cryptographic settlement attestation. It operates through OPTKAS1-MAIN SPV, a Wyoming-incorporated special purpose vehicle, with atomic delivery-vs-payment settlement, immutable proof-of-reserves, and multi-signature governance at the protocol level. It is not a bank, broker-dealer, custodian, or exchange.

134

Total Capabilities

128 Live · 5 Dry-Run · 1 Planned

9

Mainnet Accounts

6 XRPL + 3 Stellar

28

TypeScript Engines

Modular architecture

9

AMM Pools

6 XRPL + 3 Stellar

$500M

Bond Program

$10M first tranche · 5% coupon

97.4%

On-Chain Success

1,213+ tests · 70+ pre-flight checks

What This System Can Do

✓ Represent structured credit digitally
✓ Execute atomic settlement (no clearing agent)
✓ Provide continuous AMM liquidity rails
✓ Govern funds via multi-signature
✓ Anchor audit proof permanently on-chain
✓ Automate borrowing base & covenant monitoring
✓ Reduce counterparty risk to near zero
✓ Operate without clearing intermediaries

What This System Cannot Do

✗ Replace bond indenture law
✗ Enforce legal recovery
✗ Replace court enforcement
✗ Eliminate default risk
✗ Replace regulatory oversight
✗ Create investor demand
✗ Define legal ownership (tokens mirror law)
✗ Self-enforce default (requires governance)

Architecture Hierarchy (Proper Order)

L1 — Legal & Control 10 capabilities · SPV + Bond Indenture + Transfer Agent

L2 — Custody & Banking 10 capabilities · 1:1 USD Escrow + Stablecoin Trustlines

L3 — Automation Engines 48 capabilities · 28 TypeScript Engines · 8 Domains

L4 — Ledger Evidence 10 capabilities · XLS-20 NFTs + SHA-256 Anchoring

L5 — Settlement (XRPL + Stellar) 42 capabilities · DvP + AMM + Multisig + Stellar

Read top-down: Law governs custody. Custody funds engines. Engines create evidence. Evidence settles on-chain.

Strategic Mental Model

⚖

Legal Framework

+

💰

Custody Rails

+

⚙

Automation

+

📜

Proof

=

⭐

Institutional Settlement

Layer 1

Legal & Control Framework

SPV governance, bond indenture, registered transfer agent, and insurance

10 Live

Core Principle: Law is always Layer 1. No technology overrides legal authority. The bond indenture, SPV structure, and registered transfer agent provide the legal foundation that all other layers depend on.

SPV & Bond Structure (Key Parameters)

▼

Parameter	Value	Detail
SPV	OPTKAS1-MAIN SPV	Wyoming, USA
Program Size	$500M	Medium-term note program
First Tranche	$10M	Initial offering
Coupon	5%	Annual
Maturity	2030	Fixed term
Transfer Agent	Securities Transfer Corporation	SEC-registered
Insurance	$25.75M	E&O + D&O + Cyber + Professional
Offering	Reg D 506(c)	Accredited investors only

Governance Authority (Structure)

▼

Bond Indenture → Board Resolution → Multisig Policy → On-Chain Execution. Each layer requires authorization from the layer above.

Capability Register (10 capabilities)

▼

ID	Capability	Mechanism	Status
L1-01	SPV Formation	OPTKAS1-MAIN SPV — Wyoming, single purpose	Live
L1-02	Bond Indenture	$500M program, $10M first tranche	Live
L1-03	Transfer Agent	Securities Transfer Corporation	Live
L1-04	Reg D 506(c)	Accredited investor verification	Live
L1-05	Insurance Program	$25.75M across 4 policies	Live
L1-06	Board Governance	Resolution authority for multisig	Live
L1-07	Compliance Framework	AML/KYC + sanctions screening	Live
L1-08	Audit Authority	External audit engagement rights	Live
L1-09	Dispute Resolution	Indenture arbitration clause	Live
L1-10	Regulatory Interface	SEC/FINRA communication framework	Live

Layer 2

Custody & Banking

1:1 USD escrow, stablecoin trustlines, fiat controls

10 Live

Core Principle: Every digital dollar on the platform has a corresponding physical dollar (or stablecoin peg) in a controlled account. Custody is 1:1, on-ledger, and independently verifiable.

Stablecoin Trustlines (4 approved)

▼

Issuer	Currency	Network	Status
Bitstamp	USD	XRPL	Live
GateHub	USD	XRPL	Live
Tether	USD	XRPL	Live
Circle	USDC	Stellar	Live

Capability Register (10 capabilities)

▼

ID	Capability	Mechanism	Status
L2-01	Stablecoin Custody	1:1 USD peg trustlines	Live
L2-02	Escrow Lock	XRPL native EscrowCreate	Live
L2-03	Escrow Release	Condition-verified EscrowFinish	Live
L2-04	Escrow Cancel	Time-expired EscrowCancel	Live
L2-05	Multi-Issuer Support	4 approved trustline issuers	Live
L2-06	Reserve Monitoring	Continuous balance verification	Live
L2-07	Fiat On-Ramp	Banking integration pathway	Live
L2-08	Fiat Off-Ramp	Redemption to bank account	Live
L2-09	Custody Audit	On-demand balance attestation	Live
L2-10	Account Segregation	Separate escrow per deal	Live

Layer 5 — Settlement

XRPL + Stellar Settlement

Atomic DvP, escrow mechanics, AMM pools, multisig, dual-chain

42 Live

Core Principle: Settlement is atomic. Both sides of a transaction clear simultaneously, or neither does. There is no counterparty risk window, no T+1/T+2 delay, and no clearing intermediary.

XRPL Settlement (19 capabilities)

▼

ID	Capability	Mechanism	Status
S-01	Issuer Account Configuration	DefaultRipple + RequireAuth + NoFreeze flags	Live
S-02	Treasury Account Management	Operational wallet with controlled trustlines	Live
S-03	Time-Based Escrow	EscrowCreate with FinishAfter/CancelAfter	Live
S-04	Crypto-Conditional Escrow	SHA-256 preimage + FULFILLMENT	Live
S-05	Atomic DvP Settlement	Escrow + Condition + Trustline in single flow	Live
S-06	Trustline Authorization	RequireAuth flag per account	Live
S-07	Trustline Creation	TrustSet with limit and quality	Live
S-08	Payment Execution	Direct Payment with paths	Live
S-09	Offer Create (DEX)	OfferCreate for on-chain order book	Live
S-10	Offer Cancel	OfferCancel for order management	Live
S-11	Cross-Currency Payment	Pathfinding + auto-bridging	Live
S-12	NFT Mint (XLS-20)	NFTokenMint with taxon 100	Live
S-13	NFT Burn	NFTokenBurn for revoked attestations	Live
S-14	Account Configuration	AccountSet with domain + flags	Live
S-15	Signer List Management	SignerListSet for multisig updates	Live
S-16	Transaction Monitoring	WebSocket subscription + tx parsing	Live
S-17	Ledger Query	account_info, account_lines, account_tx	Live
S-18	Fee Estimation	Dynamic fee calculation	Live
S-19	Sequence Management	Auto-sequence with retry logic	Live

AMM Pools & Liquidity (9 capabilities)

▼

XRPL Pools (6)

OPTKAS-MTN / XRP

OPTKAS-CR / XRP

OPTKAS-ST / XRP

OPTKAS-MTN / Bitstamp.USD

OPTKAS-CR / GateHub.USD

OPTKAS-ST / Bitstamp.USD

Stellar Pools (3)

OPTKAS-USD / USDC

OPTKAS-USD / XLM

OPTKAS-USD / yUSDC

ID	Capability	Mechanism	Status
AMM-01	Pool Creation	AMMCreate with initial deposit	Live
AMM-02	Liquidity Deposit	AMMDeposit (single/dual asset)	Live
AMM-03	Liquidity Withdrawal	AMMWithdraw with LP token burn	Live
AMM-04	Pool Voting	AMMVote for fee parameter	Live
AMM-05	Continuous Swap	CPMM formula execution	Live
AMM-06	LP Token Management	Issue/redeem LP tokens	Live
AMM-07	Price Oracle	AMM spot price as reference	Live
AMM-08	Auction Slot	AMMBid for reduced fee slots	Live
AMM-09	Pool Analytics	TVL, volume, fee income tracking	Live

Multi-Signature Governance (5 capabilities)

▼

ID	Capability	Mechanism	Status
MS-01	Signer Configuration	2-of-3 quorum (3 signers configured)	Live
MS-02	Multi-Sign Transaction	Collect + combine signer blobs	Live
MS-03	Signer Rotation	SignerListSet to add/remove signers	Live
MS-04	Quorum Adjustment	Threshold modification via SignerListSet	Live
MS-05	Master Key Disable	asfDisableMaster flag on issuer	Live

Stellar Settlement (9 capabilities)

▼

ID	Capability	Mechanism	Status
ST-01	Regulated Asset Issuance	OPTKAS-USD with auth_required + auth_revocable + auth_clawback	Live
ST-02	Trustline Authorization	AllowTrust / SetTrustlineFlags	Live
ST-03	Clawback Execution	Clawback operation for compliance	Live
ST-04	Path Payment	PathPaymentStrictSend/Receive	Live
ST-05	SDEX Order	ManageSellOffer / ManageBuyOffer	Live
ST-06	Account Merge	AccountMerge for cleanup	Live
ST-07	Data Anchoring	ManageData for on-chain metadata	Live
ST-08	Horizon Monitoring	Horizon API subscription + effects	Live
ST-09	Multi-Sig (Stellar)	Threshold-based signing (low/med/high)	Live

Asset Issuance

6 XRPL IOUs, 1 Stellar regulated asset, 3 functional token types

XRPL Issued Assets

OPTKAS-MTN

Medium-Term Note Token

Freeze: Yes · Clawback: No

OPTKAS-CR

Claim Receipt

Freeze: Yes · Clawback: No

OPTKAS-ST

Settlement Token

Freeze: Yes · Clawback: No

OPTKAS-EV

Evidence Marker

Freeze: Yes · Clawback: No

OPTKAS-LP

Liquidity Provider Token

Freeze: Yes · Clawback: No

OPTKAS-GOV

Governance Token

Freeze: Yes · Clawback: No

Stellar Regulated Asset

OPTKAS-USD

Regulated asset with full issuer control — clawback IS appropriate here because Stellar's model is designed for compliance-grade assets.

auth_required auth_revocable auth_clawback_enabled

Functional Token Types

Claim Receipt

OPTKAS-CR

Represents a lender's claim on a specific funded position. Not the asset itself — the receipt of participation.

Settlement Token

OPTKAS-ST

Used in DvP flows as the medium of atomic exchange. Moves through escrow during settlement.

Evidence Marker

OPTKAS-EV

Anchors a SHA-256 hash of compliance/audit data. Not a financial instrument — a proof artifact.

Layer 3

Automation Engines

28 TypeScript engines across 8 operational domains

44 Live 4 Dry-Run

Core Principle: Engines don't decide — they execute. Every engine operates within boundaries set by Layer 1 (law) and Layer 2 (custody). No engine can exceed its authorization scope.

Domain 1: Bond Lifecycle (5 capabilities)

▼

ID	Capability	Engine	Status
E-01	Tranche Issuance	bond-lifecycle-engine	Live
E-02	Coupon Scheduling	bond-lifecycle-engine	Live
E-03	Maturity Processing	bond-lifecycle-engine	Live
E-04	Call/Put Management	bond-lifecycle-engine	Live
E-05	Investor Registry Sync	bond-lifecycle-engine	Live

Domain 2: Issuance & Settlement (5 capabilities)

▼

ID	Capability	Engine	Status
E-06	Token Minting	issuance-engine	Live
E-07	DvP Orchestration	settlement-engine	Live
E-08	Escrow Management	escrow-engine	Live
E-09	Receipt Generation	receipt-engine	Live
E-10	Settlement Verification	verification-engine	Live

Domain 3: Reserve Vault & Portfolio (8 capabilities)

▼

ID	Capability	Engine	Status
E-11	Reserve Allocation	vault-engine	Live
E-12	Collateral Tracking	collateral-engine	Live
E-13	NAV Calculation	nav-engine	Live
E-14	Portfolio Rebalancing	rebalance-engine	Live
E-15	Mark-to-Market	mtm-engine	Live
E-16	Waterfall Distribution	waterfall-engine	Live
E-17	Concentration Limits	limits-engine	Live
E-18	Reserve Proof Generation	proof-engine	Live

Domain 4: Borrowing Base (5 capabilities)

▼

ID	Capability	Engine	Status
E-19	Borrowing Base Calculation	borrowing-base-engine	Live
E-20	Advance Rate Application	borrowing-base-engine	Live
E-21	Eligibility Screening	eligibility-engine	Live
E-22	Certificate Generation	certificate-engine	Live
E-23	Covenant Monitoring	covenant-engine	Live

Domain 5: Risk Analytics (6 capabilities)

▼

ID	Capability	Engine	Status
E-24	Monte Carlo VaR	risk-engine	Live
E-25	Stress Testing	stress-engine	Live
E-26	Scenario Analysis	scenario-engine	Live
E-27	Concentration Risk	concentration-engine	Live
E-28	Liquidity Risk	liquidity-engine	Live
E-29	Credit Scoring	credit-engine	Live

Domain 6: Trading (7 capabilities — 4 Dry-Run)

▼

ID	Capability	Engine	Status
E-30	Spot Execution	trading-engine	Live
E-31	AMM Interaction	amm-engine	Live
E-32	Order Routing	routing-engine	Live
E-33	Margin Trading	margin-engine	Dry-Run
E-34	Leverage Control	leverage-engine	Dry-Run
E-35	Short Selling	short-engine	Dry-Run
E-36	Derivatives Pricing	derivatives-engine	Dry-Run

Domain 7: Deal Pipeline & Lender Management (10 capabilities)

▼

ID	Capability	Engine	Status
E-37	Pipeline Tracking	pipeline-engine	Live
E-38	Term Sheet Scoring	scoring-engine	Live
E-39	Lender Matching	matching-engine	Live
E-40	Due Diligence Automation	dd-engine	Live
E-41	Investor Reporting	reporting-engine	Live
E-42	Draw Management	draw-engine	Live
E-43	Payoff Calculation	payoff-engine	Live
E-44	Document Generation	docgen-engine	Live
E-45	Compliance Screening	compliance-engine	Live
E-46	Notification Engine	notification-engine	Live

Domain 8: AI & Intelligence (3 capabilities)

▼

ID	Capability	Engine	Status
E-47	Document Analysis	ai-analysis-engine	Live
E-48	Anomaly Detection	anomaly-engine	Live
E-49	Predictive Analytics	prediction-engine	Live

Layer 4

Ledger Evidence

XLS-20 attestation NFTs, SHA-256 hash anchoring, dual-chain redundancy

10 Live

Core Principle: Every significant action produces a permanent, tamper-proof record. Proof is not optional — it is architectural. If it happened, there is a hash on-chain that proves it.

Attestation Architecture (How It Works)

▼

Component	Mechanism	Location
Attestation NFT	XLS-20 NFTokenMint (taxon 100)	XRPL
Hash Anchor	SHA-256 of document/data bundle	NFT URI field
Dual Anchor	ManageData + hash	Stellar
Verification	Hash re-computation + ledger lookup	Either chain

Capability Register (10 capabilities)

▼

ID	Capability	Mechanism	Status
EV-01	Attestation Mint	NFTokenMint with SHA-256 URI	Live
EV-02	Attestation Burn	NFTokenBurn for revocation	Live
EV-03	Hash Anchoring	SHA-256 preimage computation	Live
EV-04	Dual-Chain Anchor	XRPL NFT + Stellar ManageData	Live
EV-05	Verification Service	Re-hash + ledger lookup	Live
EV-06	Audit Bundle	Package attestations for review	Live
EV-07	Compliance Proof	Regulatory evidence package	Live
EV-08	Time-Stamped Evidence	Ledger close time as timestamp	Live
EV-09	Chain-of-Custody Proof	Sequential NFT trail	Live
EV-10	Data Room Integration	Hash bundle for deal rooms	Live

Risk & Analytics

10 risk metrics, Monte Carlo VaR, stress testing, borrowing base certificates

$4.11M

Net Asset Value

250%

Over-Collateralization

1.8%

Portfolio VaR (95%)

Risk Metrics Register (10 metrics)

▼

Metric	Engine	Methodology	Frequency
Portfolio VaR	risk-engine	Monte Carlo (10k sims)	Daily
Stress Loss	stress-engine	Historical + hypothetical	Weekly
Concentration	concentration-engine	HHI + single-name limits	Real-time
Liquidity Coverage	liquidity-engine	30-day cash flow projection	Daily
Borrowing Base	borrowing-base-engine	Advance rate × eligible collateral	Weekly
Over-Collateralization	collateral-engine	Collateral ÷ Outstanding	Real-time
Credit Score	credit-engine	Multi-factor scoring model	Per deal
Default Probability	pd-engine	Logistic regression + market	Monthly
Recovery Rate	recovery-engine	Collateral waterfall analysis	Per event
Covenant Compliance	covenant-engine	Real-time threshold monitoring	Continuous

Cross-Layer

Operations & Workflows

Critical workflows, pre-flight checklists, emergency procedures

14 Cross-Layer

Workflow 1: Funding Ceremony (10 Steps)

1

Lender KYC/AML verified + accreditation confirmed

L1

2

Term sheet scored by AI + approved by committee

L3

3

Trustline authorized for lender account

L5

4

Escrow created with time + crypto conditions

L2

5

Lender funds escrow with stablecoin

L2

6

Claim receipt (OPTKAS-CR) minted

L5

7

DvP atomic settlement executes

L5

8

Attestation NFT minted with SHA-256 hash

L4

9

Borrowing base recalculated

L3

10

Investor confirmation + receipt delivered

L3

Workflow 2: Default Scenario (8 Steps)

1

Covenant breach detected by monitoring engine

L3

2

Alert to all signers + compliance officer

L1

3

Emergency freeze (if warranted)

L5

4

Borrowing base recalculation

L3

5

Collateral liquidation queue

L5

6

Investor notification with attestation bundle

L4

7

Recovery waterfall execution

L1

8

Post-mortem + ledger evidence package

L4

Emergency Freeze Protocol

Time to Freeze: Seconds, not hours. The freeze protocol operates at the ledger level — it does not require human approval to trigger (though human approval is required to lift).

1

Anomaly detected (threshold violation, unauthorized movement)

L3

2

Circuit breaker triggers automatic freeze

L5

3

All signers notified immediately

L1

4

Root cause analysis + evidence collection

L4

5

3-of-3 multisig vote required to unfreeze

L5

Revenue Model

5 revenue lanes, 4 pricing tiers, 3 moats

Core Principle: Monetize rails, proof, and execution. Stay in "infrastructure + verification + settlement" — avoid securities language, direct custody of client funds, and yield promises.

Revenue Lanes (5 lanes)

▼

Lane	What You Sell	Revenue Range	Speed to Market
Settlement-as-a-Service	Atomic DvP + Escrow + Receipts	0.25%–1.00% per settlement	Fastest
Tokenization Fees	Issuance + Distribution + Liquidity	$25k–$250k setup + 10–50 bps/yr	Fast
Proof & Data Room	SHA-verified data room + attestations	$5k–$50k/month	Ready now
Managed Ops	Liquidity + Risk + Borrowing Base	$10k–$100k/month	Enterprise
Sponsor Economics	Origination + Servicing + Carry	0.50%–2.50% of notional	Requires legal

Pricing Tiers (4 tiers)

▼

Tier	Monthly	Setup	Includes
Core	$5k/mo	$15k	Dashboards, audit log, data room, attestation
Settlement	+$10k/mo	—	DvP templates, escrow, receipts (0.35%/tx)
Risk	+$15k/mo	—	Borrowing base, VaR, stress tests, covenants
Enterprise	$250k/yr	Custom	Custom modules, managed liquidity, SLA

Revenue Moats (3 moats)

▼

🔒

Irrefutable Proof

Cryptographic proof is a higher standard than "we have a dashboard."

⚡

Atomic Settlement

T+0, no counterparty risk window, no clearing agent.

⚙

Operator-Grade Automation

Sticky, recurring value that clients cannot easily replicate.

Boundaries & Regulatory Scope

What OPTKAS is — and what it is NOT

❌ Not a Bank

No deposits, no lending, no checking/savings

❌ Not a Broker-Dealer

No client trade execution, internal only

❌ Not a Custodian

No omnibus, ledger-native escrow only

❌ Not an Exchange

No public order book, internal AMM only

Explicit Limitations

Boundary	Explanation
Not an Investment Advisor	No personalized advice. Risk analytics are internal tools, not client recommendations.
Not a Money Transmitter	No transmission between third parties. Settlement is bilateral and structured.
Not a Fund	No pooled investor capital. SPV issues bonds backed by specific collateral.
Not a Clearinghouse	No multilateral netting. DvP is bilateral, atomic, and escrow-secured.

What It IS

An institutional-grade settlement, evidence, and automation infrastructure operating on public ledger rails.

Settlement Evidence Automation Compliance Infrastructure

Credit Committee Narrative

Five questions. Five answers. All verifiable.

Purpose: A five-minute walkthrough for institutional decision-makers. No jargon. No filler. Five questions, five answers, with verifiable evidence.

1. Who Controls the Funds?

▼

A purpose-built SPV (OPTKAS1-MAIN SPV, Wyoming) governed by a bond indenture with a registered Transfer Agent (Securities Transfer Corporation, SEC-registered).

• No individual can move funds unilaterally
• Multisig governance requires 2-of-3 signers
• Emergency freeze can halt operations in seconds
• Insurance: $25.75M coverage

2. Where Are the Assets?

▼

On-ledger, individually identifiable, and independently verifiable. No omnibus accounts. No commingled custody.

Asset Type	Location	Verification
Stablecoin reserves	XRPL escrow accounts	XRPL explorer — real-time
Issued IOUs	XRPL trustlines	Trustline query
Collateral evidence	XLS-20 NFTs	NFT query — SHA-256
Stellar instruments	Stellar regulated asset	Horizon API

3. How Is Settlement Enforced?

▼

Atomic Delivery-versus-Payment (DvP) using XRPL's native escrow and conditional execution. T+0, no counterparty risk window.

1

Buyer funds escrow with stablecoin

2

Seller deposits asset into conditional hold

3

Both sides satisfy conditions

4

Settlement executes atomically

5

Receipts minted as XLS-20 NFTs

4. What Happens in Default?

▼

A defined, automated, multi-step protocol — not a panic call.

1

Covenant breach detected automatically

2

Alert to all signers + compliance

3

Emergency freeze (seconds)

4

Borrowing base recalculation

5

Collateral liquidation queue

6

Investor notification + attestation

7

Recovery waterfall execution

8

Post-mortem + evidence package

5. What Prevents Unilateral Movement?

▼

Control	Mechanism	Bypass Difficulty
Multisig	2-of-3 signers required	Requires 2 separate key compromises
Escrow Conditions	Time locks + crypto conditions	Cannot be overridden — protocol-enforced
Trustline Auth	Issuer authorizes each holder	Unauthorized accounts cannot hold tokens
Circuit Breakers	Automatic freeze on anomaly	No human delay — threshold-triggered

Bottom Line: No single person, no single key, and no single decision can move assets. This is not a policy — it is an architectural constraint enforced by the ledger itself.

Summary for the Committee

Question	One-Line Answer
Who controls funds?	SPV + multisig + registered transfer agent
Where are assets?	On-ledger, individually verifiable, no omnibus
How is settlement enforced?	Atomic DvP — T+0, no counterparty risk window
What happens in default?	Automated 8-step protocol with full evidence trail
What prevents unilateral movement?	Multisig + escrow + trustlines + circuit breakers

Final Note: Every answer above can be independently verified using public ledger explorers. This is not a trust exercise — it is a verification exercise.