Verification
Six stages. Twelve standards. One published record.
Every asset passes the same process, run by named teams, and the result is written to a passport anyone can check.
The six stages
Process states follow the stages; the passport records the date each was completed.
- 1Intake and screeningThe issuer names the asset, the pathway and the jurisdiction. Sanctions and KYB screening run before any document is read.Process state: Screening
- 2Data room and evidenceTen folders, one hash per document version, Merkle root recorded now and anchored on CRYMAD L2 once anchoring is live. Every claim is paired with the evidence that supports it.Process state: In review
- 3Review against the twelve standardsEach standard has a named owner team and criteria that resolve to Pass, Fail, Needs info or N/A. A Fail on a gating criterion stops the case.Process state: In review
- 4Scoring and Risk ClassificationThe RWA Score is computed from eight weighted categories. The Risk Class is assigned separately by the Risk team. Neither can be edited by the issuer.Process state: In review
- 5Committee decisionThe Admissions Committee records one of eight statuses with reasons. Conditions, ceilings and review dates are written into the passport.Process state: Activation
- 6Activation and WatchtowerThe passport is published with its hash, to be anchored once anchoring is live; the listing opens, and Watchtower begins re-reading registries, contracts and filings on a schedule.Process state: Live
The explainer clip walks the six stages in under a minute. It plays muted and pauses off screen; the poster shows under reduced motion.
The twelve standards
Each standard has an owner team and criteria that resolve to Pass, Fail, Needs info or N/A.
- Standard 1Asset Verification
Asset Existence and Identification
The asset exists, is uniquely identified and matches the registry, survey or vault record VORUNEX read.
- Standard 2Legal
Legal Structure and Enforceability
The holding structure gives token holders an enforceable claim under a named law.
- Standard 3Legal
Ownership and Encumbrance
Title is clean or every encumbrance is disclosed, ranked and reflected in the Risk Class.
- Standard 4Valuation
Valuation
An independent professional valued the asset within the last twelve months using a stated method.
- Standard 5Compliance
Issuer KYB and UBO
The issuer's identity, directors and ultimate beneficial owners are verified.
- Standard 6Compliance
AML and Sanctions
The issuer, its owners and its counterparties clear sanctions screening against OFAC, UN, EU and UK lists.
- Standard 7Legal
Investor Rights and Disclosure
Investor rights, fees, distributions and exit terms are disclosed in plain terms before commitment.
- Standard 8Technical Review
Token Supply and Minting
Authorised supply, minted supply and remaining mint capacity reconcile with the offering.
- Standard 9Technical Review
Smart Contract
The token contract is audited, its controls are disclosed and its bytecode is verified on chain.
- Standard 10Custody
Custody
Custody of the underlying is with a named custodian, book-entry registrar or verified self-custody arrangement.
- Standard 11Finance
Financial Reporting
Financial statements and operating reports arrive on the schedule the passport promises.
- Standard 12Risk
Risk Classification
A Risk Class is assigned from published drivers and reviewed at least annually.
Who does the work