Reserve-backed USD cycle
Activation-gated Singapore reserve-backed USD operating stack across reserve recognition, issuance approval, venue execution, and redemption close.
Overview
Activation-gated Singapore USD operating stack with reserve recognition, issuance control, venue execution, and redemption close.
Activation-gated Singapore reserve-backed USD operating stack. Public view stays high-level; cabinet carries reserve-recognition, issuance-control, execution, burn, payout, and liability-close evidence.
Route coverage
- Issuer admission to liability close
- Reserve recognition, issuance control, and controlled release
- Institutional venue execution and settlement proof
- Redemption, burn, payout, and reconciled close
Infrastructure
- Issuer-core controls and wallet approval rails
- Reserve-bank, wallet, and payout boundaries kept explicit
- Venue selection separated from routing infrastructure
- Public route backed by a deeper private evidence spine
Lifecycle stages
| Stage | Flow steps |
|---|---|
| Reserve Setup | Verifies issuer admission through ACRA / Bizfile, records reserve-bank acknowledgement, and attaches reserve-to-supply controls before issuance approval; Reserve recognition stays explicit before any issuance approval or wallet release step |
| Mint Release | Drives issuer-core issuance approval and controlled wallet release through the issuer and wallet integrations; Treasury inventory, release-wallet activation, and circulating-supply update stay visible as separate control states |
| Market Execution | Binds the execution ticket to the selected venue, approved routing infrastructure, and settlement handoff while preserving the same operator trace carried in cabinet; Venue selection, routing infrastructure, execution allocation, and settlement confirmation remain separate market facts inside the same cycle |
| Redeem Payout | Drives redemption intake, wallet return, issuer-core burn approval, and payout-bank release through the close stack; The final liability close stays visible from token return through payout confirmation and reconciliation |
Setup reference
| Field | Explanation |
|---|---|
| Reserve size | Sets the reserve-backed amount carried through mint, redemption, and payout. Determines the values shown across the workflow records. |
| Holder wallet | Identifies where minted units are released. Determines the wallet shown on the issue and return path. |
| Market path | Supports more than one market path. Controls how units move after release. |
| Reserve currency | Fixed for this case. Scoped to USD reserve backing. |
| Redeemer wallet | Fixed for this case. Identifies the wallet allowed to return units for redemption. Determines who enters the redeem-and-burn path. |
| Payout bank route | Fixed for this case. Identifies where redemption proceeds are paid. Determines the bank route used at close. |