+ Program to issue, manage, and integrate off-chain backed tokens on SVM blockchains. +
+ +## Overview +Non-blockchain originated tokens (NBOs), also referred to as Real World Assets (RWAs), encompass tangible and intangible assets with property rights enforced by a legal system rather than the blockchain. The blockchain serves as a programmable ledger for these assets and trust-minimized applications that seek to interface with them. The solution described below seeks to standardize NBOs in a way that is: + +1. **Unopinionated** to support the legal frameworks of all jurisdictions and blockchain applications. +2. **Flexible** to support a diverse set of asset classes and representations, including tangible assets (real estate, commodities) and intangible assets (tokenized equities, climate assets, intellectual property) +3. **Composable** to ensure minimal overhead in composing across new applications and existing standards like Metaplex and Token-2022. + +To accomplish the above, we propose developing a modular framework that standardizes assets across the following primitives: + +1. **Asset Management:** A program for asset issuers to create and enforce rules for asset management, such as transfer controls and privacy. This program will rely heavily on Token-2022. +2. **Policy Engine Program:** A program that allows for fully on-chain management of policies regarding token transfers including transaction size, count, and velocity. +3. **Identity Registry:** A program for asset issuers to manage and share wallet-to-identity relationships used by the Asset Management program. +4. **Asset Data Registry:** A program for asset issuers to establish and manage naive asset data in the form of ownership data (titles, deeds, or audits), legal information (filings and liens), and informational data. + +These programs limit the assumed necessary functionality to the support of permissioning, identity, on-chain ownership information, on-chain legal information, and off-chain asset information. This ensures that applications will benefit from a shared source of truth while maintaining optionality to create asset class-specific standards within any particular program (e.g. a Legal Registry standard specific to a Regulation D security). + +## Getting Started + +This program is currently in development and not for active use. If you wish to contribute, please reach out to team [at] bridgesplit [dot] com.