Backing, custody and settlement

Canton records holdings and transfers of the native Edel Stock. We maintain the economic exposure backing that instrument separately.

Backing may include a tokenised instrument providing equivalent exposure. That backing asset has its own network, issuer and identifier; it remains distinct from the Edel Stock issued on Canton.

Edel Stocks backing corresponds to the economic exposure of tokens in circulation. It may consist of direct holdings of the underlying security or tokenised instruments providing equivalent economic exposure.

One token is not necessarily one share: the multiplier defines the amount of exposure represented by that token. A multiplier adjustment can change exposure per token without changing the token count.

Economic backing describes the exposure maintained for an instrument. Custody records and independent reserve attestations provide different information about where that exposure is held and how it is verified. Per-instrument custody accounts, live reserve reconciliations, independent attestations and complete backing composition are not included in these docs.

Contact us for the applicable backing and custody information. Tokenholders retain the rights defined by the instrument’s terms, together with the issuer and service-provider risks described in Stocks risks.

Canton uses selective disclosure: transaction visibility follows the instrument’s stakeholder and observer configuration. Applications may also publish their own reporting.

Confirm the configuration for the instrument and application you use. Native Canton issuance does not by itself make every holding or transaction private to its holder.

Consider an illustrative transaction with two parts. Parties A and B participate in the first part; B and C participate in the second. Under a stakeholder-based disclosure arrangement, A sees its part, C sees its part and B sees both. A party D with no relevant role does not receive those transaction details.

This illustrates stakeholder-based disclosure. Visibility for an Edel Stock depends on its specific observer and stakeholder configuration; application-level reporting is separate.