CTF Written Submission

Federated Credential and Compliance Kernel for Tokenized Securities Markets

Dec. 9, 2025
  • All smart contract code and automated system outputs are explicitly subordinate to written legal documentation. In any conflict, ambiguity, or inconsistency, the written terms of the agreement govern, ensuring that legal rights and obligations are not overridden by code execution.
  • The pilot does not seek exemptions from existing securities laws. All securities issued remain subject to Securities Act registration or exemption requirements, and all intermediaries (broker-dealers, custodians, transfer agents) retain their regulatory obligations under SEC, FINRA, and state law. The system is modular and can operate under SEC jurisdiction independently of other agencies.
  • The framework provides for a multi-body emergency override mechanism, allowing correction of errors or reversal of transactions only under strict conditions (e.g., arbitration award non-compliance, fraud, system malfunction, or imminent harm). All such actions require supermajority approval from three governance bodies and are subject to post-event independent review and public disclosure.

Last Reviewed or Updated: Dec. 10, 2025