Architecture · 03 · Capital Lifecycle
LP → Asset → Revenue → Exit
End-to-end institutional architecture: every Horizon module wired into one settlement spine. Jasmine bridges into IDX (Indonesia Stock Exchange) via FIX through a sub-custody participant, wrapped in a Singapore VCC under MAS — with automated settlement from capital call to exit waterfall.
USD/SGD1.35USD/IDR16,280USD/MYR4.72USD/JPY156USD/HKD7.81USD/EUR0.927 live · exchangerate.host
Stage 01 · SLA T+0
LP Commitment
Investor onboarded · KYC/AML cleared · subscription executed against the VCC sub-fund.
Inputs
- ·Subscription doc (eIDAS-signed)
- ·AML/KYC pack
- ·FATCA/CRS
Outputs
- ·Capital commitment
- ·Side letter (if any)
- ·Investor ledger entry
Rails
- ·MAS Notice 626
- ·FATF Travel Rule
Linked operating modules
Why this is genius
- One settlement spine; every module is a strict input/output contract.
- VCC sub-funds isolate strategy P&L while sharing infra cost — fee compression.
- IDX bridge is FIX-symmetric: the same OMS routes SGX / HKEX / NYSE.
- Tokenised RWA cashflow lands in the same waterfall as TradFi cash.
- Reg artifacts hash-chained — every NAV is reproducible 10y back.
Data fabric
Golden source · Iceberg + dbt
Live: B-PIPE, Refinitiv, ICE, MSCI, GLEIF
FX: exchangerate.host (live, this view)