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38 lines
1.5 KiB
TeX
38 lines
1.5 KiB
TeX
\section{Digital Securities and Real-World Assets}
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\subsection{Security Token Standard}
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Lux defines a security token standard (later formalized as
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LP-001~\cite{lp-001-securities}) that extends ERC-20 and
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ERC-1404~\cite{erc1404} with:
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\begin{itemize}[nosep]
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\item Compliance hooks that query the I-Chain on every transfer.
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\item Corporate actions (dividends, splits, buybacks) as native
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token operations with automatic pro-rata distribution.
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\item Transfer restrictions (Regulation~D resale windows, accredited
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investor requirements, jurisdictional blocks).
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\item A transfer agent role backed by a Class~8 licensed custodian.
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\end{itemize}
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\subsection{Real-World Asset Tokens}
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Lux supports the tokenization of physical assets (gold, silver, oil,
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gas, uranium, real estate) via a combination of custodial attestations
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and on-chain proofs of redemption. Each RWA token is backed 1:1 (or
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over-collateralized) by the underlying asset held in a qualified
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custodian's vault. The custodian posts periodic attestations to the
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I-Chain; a holder can redeem the token for the underlying asset
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through a regulated redemption contract.
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\subsection{Treasury Token}
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The Lux Treasury Token represents digitized shares of a registered
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investment company formed pursuant to the Investment Company Act
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of 1940. Unlike traditional mutual funds, the Treasury Token is
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closed-end with frequent redemption periods, enabling both
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peer-to-peer transfer and on-exchange trading.
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%% ============================================================
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