mirror of
https://github.com/lux-apps/papers.git
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zeekay
dd93cb41f7
Sweep across the non-Tier-1 paper catalogue (Tier-1 owned by parallel
agent and excluded). All 113 processed papers already had luxcover
wired up; this commit fixes 14 build breakers and produces fresh
PDFs across the catalogue.
Fixes:
- lux-blockchain-scaling-laws: em-dash inside lstlisting -> --
- lux-corona-pq: stale \input pointing at 03-the-corona-scheme renamed
to 03-the-corona-scheme (file already renamed on disk)
- lux-lattice-cryptography-primer: same Corona->Corona rename
- lux-formal-verification-lean4: Lean source uses unicode (×, ∀, ∃, ∈,
∧, ∨, ∩, ≠, ⟨, ⟩, ·, ¬) inside lstlistings. Added a literate map
so listings render the math glyphs without UTF-8 fault.
- lux-id-did-specification: ✓/✗ in tabular replaced with \ding{51}
/ \ding{55} (pifont). Added pifont package.
- lux-ntt-simd-implementation: middle-dot in Go assembly listings;
added literate {·}{\textperiodcentered}.
- lux-ntt-transform: μ, ×, –, — in regular text (no T1 fontenc).
Replaced with $\mu$/$\times$/--/--- via unicode->latex sweep.
- lux-perpetuals-derivatives, lux-quantum-consensus,
lux-quasar-consensus, lux-tee-computing-mesh: same unicode->latex
sweep across body text. Also fixed broken math segment
`$L_{avg} = 10$\times$$` -> `$L_{avg} = 10\times$`.
- lux-zchain: emoji glyphs in roadmap table replaced with
parenthetical text.
- lux-triple-proof-consensus: dropped duplicate \usepackage{geometry}
that clashed with luxcover (geometry option clash).
- pq: defined missing \Rq macro.
PDFs rebuilt for the full Tier-2/3 set.
Excluded (Tier-1, parallel agent): lp-073-pulsar, lp-stricte2epq,
dag-evm-formal, lp-010-quasar-stm-{3,4}, lp-020-quasar-consensus,
lux-institutional-custody, lux-nist-mptc-submission, pqsafe-il5,
pq-rns, plus shared/ and lps/.
77 lines
3.3 KiB
TeX
77 lines
3.3 KiB
TeX
\documentclass[11pt,a4paper]{article}
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\usepackage{../shared/luxcover}
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\usepackage[utf8]{inputenc}
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\usepackage[T1]{fontenc}
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\usepackage{amsmath,amssymb,amsfonts,amsthm}
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\usepackage{graphicx}
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\usepackage{hyperref}
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\usepackage{booktabs}
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\usepackage{algorithm}
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\usepackage{algpseudocode}
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\usepackage{listings}
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\usepackage{xcolor}
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\usepackage{tikz}
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\usepackage{float}
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\usepackage{enumitem}
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\usepackage{array}
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\usepackage{multirow}
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\usepackage{tabularx}
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\input{../shared/lstlang}
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\usetikzlibrary{arrows.meta,positioning,shapes.geometric,fit,calc}
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\hypersetup{colorlinks=true,linkcolor=black,citecolor=blue,urlcolor=blue}
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\lstset{
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basicstyle=\ttfamily\scriptsize,
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breaklines=true,
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frame=single,
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numbers=left,
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numberstyle=\tiny\color{gray},
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keywordstyle=\color{blue!70!black}\bfseries,
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commentstyle=\color{green!50!black}\itshape,
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stringstyle=\color{red!60!black},
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showstringspaces=false,
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}
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\newtheorem{theorem}{Theorem}
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\newtheorem{lemma}[theorem]{Lemma}
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\newtheorem{definition}{Definition}
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\newtheorem{proposition}[theorem]{Proposition}
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\newtheorem{remark}{Remark}
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\title{Non-Custodial Blockchain ATS: Architecture of a\\Regulatory-Compliant Securities Exchange}
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\author{
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Zach Kelling\thanks{Corresponding author: [email protected]}\\
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\textit{Lux Partners}\\
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\textit{A subsidiary of Hanzo Industries Inc}\\
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\texttt{[email protected]}
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}
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\date{2025}
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\begin{document}
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\luxcoverpage
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\begin{abstract}
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We present the architecture of a non-custodial Alternative Trading System (ATS) built on Lux Network, designed to trade digital securities in full compliance with SEC Regulation ATS, broker-dealer requirements under the Securities Exchange Act of 1934, and transfer agent obligations under Section 17A. The system is implemented as a single Go binary running on Hanzo Base, comprising 32 collections, 64 API routes, and 19 scheduled tasks. Non-custodial operation is achieved through MPC threshold signing (\texttt{luxfi/mpc}) with a 2-of-3 threshold requirement for any asset transfer---the platform never holds private keys. This work descends directly from Arca's ArCoin infrastructure (2018), which pioneered interest-bearing digital securities backed by US Treasury bills using ERC-1400/ERC-1404 security token contracts. We describe the complete system: order matching, settlement on Lux EVM with T+0 atomic finality, KYC/AML integration via Simplici, equities routing through Alpaca OmniSub, and regulatory reporting. We compare the architecture against existing platforms (tZERO, Securitize Markets, INX) and demonstrate that non-custodial MPC custody eliminates the single largest attack surface in securities infrastructure while preserving regulatory compliance.
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This paper provides the formal architecture for LP-001 (digital securities), LP-005 (regulated ATS stack), and LP-007 (CLOB matching engine) of the Lux Improvement Proposals (\url{https://github.com/luxfi/lps}).
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\end{abstract}
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\input{sections/01-introduction}
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\input{sections/02-regulatory-framework}
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\input{sections/03-system-architecture}
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\input{sections/04-non-custodial-mpc-custody}
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\input{sections/05-order-matching}
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\input{sections/06-settlement}
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\input{sections/07-integration-layer}
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\input{sections/08-platform-comparison}
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\input{sections/09-security-analysis}
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\input{sections/10-regulatory-reporting}
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\input{sections/11-performance}
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\input{sections/99-conclusion}
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\end{document}
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