01 · Issuance
Issue securities and cash in digital form.
Shares, bonds and cash, issued in digital form.
Two-person approval by default
By default, one person prepares an issuance and another approves it before it is recorded.
Supply, stated in four figures
Each security shows what is authorized, issued, outstanding and unallocated. Unallocated units stay in the issuer's issuance account until they are allocated.
Allocation to many investors at once
A primary allocation moves units from the issuance account to every subscribing investor in one instruction.
Cash, issued by its issuer
Digital cash is issued only by a participant set up as a cash issuer, and follows the same rules as any security.
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