Infrastructure · LiquiCo Markets
A permissioned, asset-agnostic tokenisation rail.
We tokenise real-world assets on a sovereign permissioned blockchain, with regulatory guardrails enforced at the moment of execution.
Founding principle: we prioritise security and scalability over decentralisation, because a regulated rail benefits from named, legally accountable operators rather than anonymous ones.
Design Principles
Four commitments we will not bend.
Security & scalability
A permissioned network with predictable finality and accountable operators.
Asset-agnostic
One core rail; per-asset differences live in swappable modules.
Legal soundness
Every token is a digital record of an instrument already recognised under Indian law.
Conservative on novelty
No unproven primitives in production — only tested, auditable technology.
The real-world layer stack
Four layers, named correctly.
Layer 1
Settlement root
Ethereum anchors the final settlement layer.
Layer 2
Execution chain
A sovereign permissioned Layer 2 on Ethereum for high-throughput, private execution.
Layer 3
Smart-contract suite
Security-token contracts, identity registry, compliance modules and vaults.
Layer 4
Interface layer
Investor, issuer, agent and trustee dashboards, wallets and APIs.
How a transaction works
Execution in four steps.
01
Sign
User authorises the transaction with their private key.
02
Execute
The chain orders the transaction, runs compliance checks and computes the new state.
03
Prove
A zero-knowledge validity proof is generated and verified on Ethereum.
04
Settle
The final state is recorded; dashboards update for all parties.
The consortium
Who runs what.
Infrastructure is operated by specialists. Accountability is held by named, regulated institutions.
Chain operator
A specialist operator runs the sequencer and prover under strict SLAs.
Independent validators
Separate professional node operators run the consensus layer so failures are independent.
Institutional accountability
Regulated RTA, trustee, custodians and compliance agents hold keys and governance.
Identity & Compliance
Verified identity, enforced rules.
Off-chain data
KYC, bank accounts and tax residency are verified through regulated providers and never stored on-chain.
On-chain enforcement
Only signed eligibility claims and transfer rules live on-chain. A non-compliant transfer simply reverts.
Custody & Security
Dual custody — keys and assets.
Crypto-key custody
Institutional-grade MPC, HSM-protected keys and multi-sig treasury controls.
Underlying-asset custody
Asset-specific custodians hold the underlying and publish periodic attestations.
Oracles & Data
Signed by accountable parties.
Issuer-signed feeds
RTA, trustee and valuer sign the holder register, NAV and proof-of-asset attestations.
Third-party attestations
Independent custodians and auditors confirm balances and benchmarks.
Documents
Legal documents are never on-chain. Only hashes are anchored; originals are held off-chain.
Phased rollout
Three phases — lean first, sovereign last.
Phase 1
Lean MVP
Single asset class, domestic investors, bank-escrow settlement and a full audit trail.
Phase 2
Consortium
Independent validator set, multi-sig governance, NRI and institutional flows.
Phase 3
Scale
Geographic dispersion, regulator observer node and wholesale settlement rails.
Payments & Settlement
How money moves on the rail.
Subscriptions settle into the SPV's escrow; coupons and redemptions flow back to the linked bank account. All cash is held by regulated banks — LiquiCo never custodies investor funds.
- UPI / RTGS / NEFT / IMPS
- Domestic cards & netbanking
- NRE / NRO inward
- FPI custodian channel
- CBDC and tokenised-deposit (roadmap)
Disclaimer
This page describes technology infrastructure and is not a legal opinion or an offer. All regulatory positions are validated by counsel before production.
Markets-only
Go to TaaS →Open the issuer rail inside LiquiCo Markets.