Glossary

An individual or entity meeting SEC financial thresholds ($200K+ annual income or $1M+ net worth) that qualifies to …

Laws, regulations, and procedures designed to prevent criminals from disguising illegally obtained funds as legitimate …

A transaction mechanism where all parts of a trade execute simultaneously and completely.

Securities in a format recognized by traditional banking infrastructure - CrossSecurities can CrossConvert to bankable …

The application engine layer of Sails.to, built on Sandstorm/Melusina OS, providing the grain runtime for all platform …

Licensed securities professional who can execute trades and place investors in CrossSecurities offerings through our …

A fee charged by a broker for executing securities transactions on behalf of clients, typically calculated as a …

A complete record of a company's securities ownership, showing all shareholders, their holdings, and ownership …

A zero-copy serialization protocol used for inter-grain RPC in the Sails.to platform, eliminating encoding/decoding …

A major international securities depository and settlement system based in Luxembourg, enabling custody and settlement …

Fees paid to brokers and introducers for placing investors or facilitating trades - typically a percentage of the …

Adherence to legal, regulatory, and internal requirements - automated and enforced on-chain for CrossSecurities through …

The periodic interest payment made to bondholders, typically expressed as an annual percentage of the bond's nominal …

The process of moving Sails CrossSecurities between on-chain (Solana) and bankable (ISIN/Clearstream) forms while …

A dedicated series within a Series LLC structure that facilitates the conversion of securities between on-chain tokens …

Sails CrossSecurities are bonds, shares, or RWA tokens that can be held on-chain (Solana) or via traditional …

The safekeeping and administration of securities on behalf of investors, including settlement, corporate actions …

A fee charged by the platform to distribute securities tokens to investors during an offering, covering tokenization and …

Payments made to security token holders, including dividends, interest, rental income, or liquidation proceeds, …

A neutral holding arrangement where funds are held by a trusted third party until predetermined conditions are met, …

The fundamental isolation unit in Sandstorm/Melusina OS - a sandboxed application instance with its own journal store, …

The maximum amount of capital an issuer will accept in a securities offering. Once reached, no additional investments …

The process of confirming an investor's identity, financial status, and eligibility to participate in private securities …

A 12-character alphanumeric code that uniquely identifies a security globally, enabling it to be held in traditional …

Regulatory process to verify the identity of clients, assess their suitability.

The ease of buying or selling a security without significantly affecting its price - provided for CrossSecurities …

An ongoing fee charged for the administration and management of a securities offering. Sails.

The root authority token in Sails.to's 4-layer NFT hierarchy on Solana, controlled by 3-of-5 keyholder threshold …

The date on which a bond's principal amount becomes due and payable to the bondholder, marking the end of the bond's …

The on-chain authority layer for Sails.to - a Solana-based system implementing NFT hierarchies, KYC credentialing, …

$150,000 minimum investment threshold for CrossSecurities - set to comply with professional and accredited investor …

Sails.to's 4-layer authority structure on Solana: Master NFT → Reseller NFT → License NFT (pNFT) → Share NFT, ensuring …

The face value of a security as stated by the issuer, representing the principal amount for bonds or the stated value …

A structured securities fundraise on Sails.to, governed by an Offering Grain with its own token supply, compliance …

Legal document detailing investment terms, risks, use of proceeds, and issuer information - required for all …

Recorded directly on a blockchain - CrossSecurities exist on-chain on Solana with ownership, transfers, and compliance …

A dedicated series within a Series LLC structure that holds an issuer's specific project assets and liabilities, …

A trust structure used to hold and manage operational assets on behalf of investors, providing fiduciary oversight and …

Securities trading conducted directly between two parties without a centralized exchange, often used for larger …

The entity authorized to execute distributions and manage the revenue waterfall for a Sails.to offering, operating under …

A deterministic Solana account address derived from program seeds, used in Sails.to for trustless, programmatic state …

The inter-grain capability sharing mechanism in Sandstorm/Melusina OS, enabling secure permission delegation via claim …

Sale of securities directly to qualified investors without public offering registration - the primary method for issuing …

Under EU/international regulations, an investor with sufficient experience, knowledge, and expertise to make independent …

SEC regulation providing exemptions from registration for private placements, allowing companies to raise capital from …

SEC regulation providing a safe harbor for securities offerings made outside the United States to non-US persons, exempt …

An open-source platform for self-hosting web applications, providing OS-level isolation for each application instance …

The buying and selling of securities after their initial issuance, providing liquidity and price discovery for investors …

An upfront payment required from issuers to initiate the onboarding process and cover preliminary legal, compliance, and …

A digital representation of a traditional security (equity, debt, or fund share) issued on a blockchain with built-in …

A corporate structure allowing a single LLC to create multiple segregated series, each with its own assets, liabilities, …

Self-executing code deployed on a blockchain that automatically enforces the terms of an agreement when predetermined …

The minimum funding threshold an offering must reach for the capital raise to proceed. If the soft cap is not met, …

A high-performance blockchain platform known for fast transaction speeds (400ms finality) and low fees, used by Sails.to …

A subsidiary entity created for a specific, limited purpose, typically to isolate financial risk and hold specific …

M-of-N keyholder cryptographic operations used to protect critical Sails.to platform actions, implementing distributed …

The process of converting ownership rights in an asset into digital tokens on a blockchain, enabling fractional …

Also known as CrossConversion - Sails.to's mechanism for converting on-chain CrossSecurities to bankable ISIN securities …

A Solana SPL-2022 extension that intercepts token transfers and enforces compliance rules before allowing any transfer …

A dedicated series within a Series LLC structure that holds un-issued or repurchased tokens, managing the supply of …

An independent fiduciary entity that represents and protects the interests of bondholders or investors, ensuring issuers …

A regulated Multilateral Trading Facility operated by the Vienna Stock Exchange group.

The revenue distribution priority structure for Sails.to offerings, enforcing investor-first payment order on-chain via …

Branded platform instances available to regulated institutions, trust companies, and broker-dealers, with custom theming …

Wyoming's legally-recognized DAO structure combined with Series LLC capability - each Sails.