Module · 05 — Tokenised Assets
Real things, on-chain.
A physical asset is held inside an SPV. The SPV's shares are minted as tokens — fractional, transferable, redeemable. Liquidate any slice into an alternative market and watch the value route home.
Aurora Manufacturing Line · OSK-3
Osaka, Japan
NAV / token
$184.20
3.2 MW · 92% capacityOEE 0.86118 units / hr
physical · oracled to chain
Issuance structure
Physical asset
Aurora Manufacturing Line · OSK-3
Osaka, Japan
Custodian: DBS Trustee · ringfenced 1:1
SPV
Aurora MFG SPV Pte Ltd
Singapore (VCC)
Counsel: Tanaka & Lee LLP
Tokenised shares
hMFG.OSK3
1,000,000 units · 1:1 SPV shares
Algorand · ASA #8842117
Holders
6 cohorts
Registrar: Horizon Registry · on-chain mirror
Yield: 8.70% p.a.
Where the asset lives
Physical site + insured custody trust
Where the record lives
On-chain registry + DBS Trustee mirror
Title proof
SPV share register, signed by trustee
Token = legal claim
Pari-passu w/ off-chain register