Common questions

Edel Stocks provide on-chain economic exposure to reference assets through Canton. Each token is a contractual debt instrument. Edel maintains 1:1 economic backing for tokens in circulation. The instrument terms define the reference asset and holder rights; holding a token does not confer direct ownership of the underlying shares. See the Stocks catalogue and instrument model.

No. Tokenholders do not directly own the underlying shares and do not receive shareholder voting, information or other statutory shareholder rights. They receive economic exposure through the token's contractual structure.

Edel maintains economic backing through the underlying security or tokenised instruments with equivalent economic exposure. The exposure multiplier defines how much of the reference asset one token represents, so one token need not represent exactly one share.

SPYe, QQQe, NVDAe and SPCXe have been issued, with more instruments to follow. SPYe and QQQe are available on Cantex Exchange. See the Stocks catalogue for reference assets and access requirements.

Minting and burning are restricted. Primary issuance and redemption are currently controlled by Edel and supported by approved market makers.

No. Secondary-market users do not need to complete Edel's primary-market onboarding simply to trade the tokens. Retail users can acquire and trade on supported secondary markets, subject to applicable legal, sanctions and jurisdictional restrictions.

Over time, primary-market access may be opened to eligible KYC/KYB-approved institutions and individuals. This broader third-party access is future product scope and is not yet publicly available.

No. Prices depend on liquidity and market participants and may differ from implied underlying value. Approved market makers can use minting and redemption to arbitrage differences and support price alignment.

Liquidity and price discovery may be weaker, and price deviations may be larger. Primary minting and redemption remain restricted to approved participants; secondary-market trading does not grant primary access.

Edel Stocks are designed for total-return economic exposure. Dividends accrue through the token’s underlying exposure, and the exposure multiplier can adjust without additional tokens being issued.

The exposure multiplier defines the amount of the reference asset represented by one token. For a stock split, the multiplier adjusts to preserve the holder’s economic exposure without minting additional Edel tokens. Mergers, acquisitions and spin-offs can also be reflected through multiplier adjustments under the instrument terms.

No. Redemptions are cash-settled. Approved redeemers burn tokens for the corresponding cash value rather than receiving the underlying security. Primary minting and redemption remain restricted to approved participants.

No. Edel intends to provide an API for minting, redemption and price verification as access expands. It is expected to expose the underlying reference asset, current multiplier and implied token price. The API and broader third-party primary-market access are future scope and are not yet publicly available.

Edel Stocks are issued as native assets on Canton. They are designed to be transferable and usable across compatible Canton wallets, exchanges and applications. SPYe and QQQe are already live on Cantex Exchange.

Contact our technical team for instrument identifiers, fees and integration requirements. Stocks integration specifications are not yet publicly available. EDEL and EDELx token addresses identify separate ecosystem assets and cannot be used as Edel Stocks identifiers.

Our mission is to empower humanity through access to the global financial system without borders. We plan to connect Edel Stocks with perpetual trading on Edel Markets through the On-Chain Margin Layer, so eligible tokenised stocks could be used as margin. This is the foundation for on-chain prime brokerage. Read The Edel Vision.

We plan to expand on-chain equity exposure across global markets, including small-cap stocks. SPYe, QQQe, NVDAe and SPCXe have been issued, with more instruments to follow. See the Stocks catalogue for instruments and availability.

Edel Markets is a perpetuals venue with off-chain execution and later settlement on Canton. It is running on Devnet, with Testnet and Mainnet coming soon. Explore Edel Markets and the technical architecture.

Stock-backed margin is not yet available. The planned On-Chain Margin Layer would let eligible Edel Stocks support perpetual futures positions on Edel Markets. Collateral eligibility, valuation, margin and liquidation rules must be defined before launch. See the Margin Layer.

No. Positions are private account data, and reading them requires authorization. Orders displayed on the orderbook are public, supporting price discovery without publishing account positions. Our Canton integration adds selective disclosure for transaction data: entitled participants see the information relevant to their part of a transaction. The pseudonymous leaderboard is a separate public surface; a pseudonym is not anonymity. See Privacy and market transparency.

Edel Markets is designed for 24/7 perpetual-market trading, including equity-referenced perpetuals. This schedule does not guarantee uninterrupted service or keep reference exchanges open. Market status, liquidity, stale reference data and risk controls can still restrict an action. See market availability.

Our goal is for tokenised assets to work across compatible on-chain applications. Primary issuance and redemption remain restricted to approved participants. Secondary trading has its own legal and product access requirements, and future collateral use will be subject to eligibility and risk rules. See Stocks access and the planned Margin Layer.

The intended model combines fees from stock minting and redemption with perpetual trading fees. Each fee belongs to its own operation: a perpetual trade does not automatically require a stock mint or redemption. A separate Margin Layer fee is not part of the current model. See Token economics for the intended fee and buyback model.

The aim is for fee generation from Stocks and Markets to support greater capacity for EDEL buybacks. Actual amounts depend on activity, costs and allocation policy. Buyback allocation and cadence remain to be defined; neither execution nor a token-price outcome is guaranteed. EDEL buybacks are distinct from Edel Stock cash redemption. See EDEL Buybacks.