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For issuers

Third-party providers

Tokenization platforms that issue for many clients can be admitted once, so each of their issuers starts from a reviewed technical baseline instead of from zero.

What exists today

A provider is added to the Verification Network by VORUNEX's registry team after its own checks: there is no application to send from this site yet. The provider console shows the organisation, its KYB as its gateway states it, the assets it serves and its team. The template reviews, client scopes and Watchtower feeds described below are the design, and are not built yet.

What provider admission reviews

The platform, not the assets. Every asset an admitted provider issues still passes the twelve standards.

Contract templates
Audited templates per chain family with the control powers documented. A template review is inherited by every deployment that uses it unchanged.
Key management
Who holds mint, freeze, pause and upgrade keys per client, and how a client's keys are separated from the provider's.
Identity and transfer rules
How the provider's registry enforces whitelist, jurisdiction, tier, lock-up and caps, and whether the engine's commit rules can call it.
Reporting feeds
Supply, holder and event feeds the provider can push to Watchtower, with the cadence stated.
Structures supported
Direct title, SPV interest, Trust or depositary receipt, Contractual claim, Fund unit, Debt instrument, Protocol-native.
Chain families supported
EVM, Solana, Stellar, XRPL, Hedera, Algorand, Polymesh, Canton.

The process

  1. 01

    Application and KYB

    Provider entity, directors, UBOs, sanctions screening, professional indemnity cover.

    1 to 2 weeks
  2. 02

    Technical review

    Templates, audits, key policy, registry integration and feeds reviewed by Technical Review and Custody.

    3 to 5 weeks
  3. 03

    Admission and console

    The provider console opens: client roster, per-client scopes, template versions and Watchtower feed status.

    Day 0 after decision
  4. 04

    Annual review

    Templates, audits and key policy re-reviewed; changes between reviews are declared in the console.

    Every 12 months

What stays with the issuer

The asset, the data room, the earning model and the admission status. A provider prepares and operates; the issuer signs and is named on the passport. A provider suspension does not by itself change an asset's status, but it is a declared material event on every affected passport.
    Third-party provider admission, VORUNEX