Conventional off-chain register
- What it represents
- Investor interests on the administrator or transfer-agent record.
- Dependencies
- Legal documents and an appointed registrar.
- Eligibility
- As per the offer.
- Custody or wallet
- No wallet required.
- Transfer
- As the constitutional documents allow.
- Settlement
- Fiat or agreed cash.
- Risk
- Operational reconciliation. Register status is a legal question.
Not legal advice. A standard or a token does not determine whether an interest may be offered.