🎲Issuance & Financing Workflow

Once admitted, financing begins. We decompose the process into Set → Raise → Verify → Release to reduce single-shot risk.

• Set.The issuer configures target size, price band, and milestones (deliverables, verification materials, cash-flow plan).

• Raise.A two-phase design:whitelist lead-in (institutions/QIBs) followed by public round once process control is validated.

• Verify → Release.Proceeds do not move immediately; funds are locked in a custodial smart contract / custodian with chain proofs. Each milestone triggers automatic or semi-automatic disbursement. Failure or timeout triggers pause/rollback/refunds.

Offering modes.

• Whitelist round.Qualified investors/institutions, capped allocations; discounts are governance-configurable.

• Public round.Retail-facing with per-address caps and anti-sybil checks.

• Token form.RWA note/share-like tokens with on-chain parameters for transferability and redemption.

• Disclosures.Offering pages display the AI risk memo, milestones with disbursement ratios, custody/audit interfaces, and links to governance hooks.

• Failure handling.Auto-refund if the minimum raise is not met; upon expiry with unmet documentation, route to governance reconsideration / rollback.