On-Chain
Recorded directly on a blockchain - CrossSecurities exist on-chain on Solana with ownership, transfers, and compliance enforced by smart contracts.
Full Definition
"On-chain" means data or transactions are recorded directly on a blockchain's public ledger. For CrossSecurities, this includes:
- Ownership records - Who holds which securities, updated in real-time
- Transfer history - Complete audit trail of all transactions
- Compliance status - Investor eligibility verified before any transfer
- Cap table - Current ownership distribution viewable by authorized parties
CrossSecurities settle on Solana, benefiting from 400ms finality and sub-cent transaction costs.
Why It Matters
On-chain records provide transparency, immutability, and automation impossible with traditional systems. There's no reconciliation needed between different parties' books - the blockchain is the single source of truth.
For investors who prefer traditional custody, CrossSecurities can be CrossConverted to bankable ISIN form held via Clearstream while maintaining the same underlying security.