Issuance and redemption
How approved participants mint native Canton instruments and redeem them for cash.
Primary issuance
We issue Edel Stocks natively on Canton for approved participants and maintain the corresponding economic exposure. Participants can hold their tokens or supply liquidity on a supported secondary market.
Before implementing a minting workflow, confirm the payment asset, operating window, instrument identifiers and fee schedule with us.
Cash-settled redemption
Approved redeemers burn their tokens in exchange for the corresponding cash value. Redemption settles in cash, rather than delivery of the referenced security.
A secondary-market sale transfers tokens to a buyer; primary redemption removes them from circulation. Integrations should present these as separate actions with their own access requirements.
Why primary access matters to prices
Approved market makers can use minting and redemption to respond to differences between a token’s market price and implied economic value. Their trading can help align the two prices.
Alignment is not guaranteed. Liquidity, transaction costs and access to the reference market constrain arbitrage, particularly when that market is closed.