Compliant Venues for Trading Tokenised Assets
Enable compliant secondary trading of tokenised assets across P2P, exchange, and OTC venues, with eligibility enforced at the token level.
Overview
Secondary liquidity is what makes primary issuance attractive, and providing it compliantly is essential to the asset class maturing. The Secondary Marketplace module enables trading of tokenised assets across peer-to-peer, exchange, and over-the-counter venues, with transfer restrictions and eligibility enforced on-chain in the token itself. Because the rules travel with the asset, a token cannot be traded to an ineligible party regardless of the venue, so liquidity and compliance are not in tension.
What you can do
Select a capability to see how it works.
Trading venues
Peer-to-peer, decentralised, centralised and OTC venues share one marketplace layer, with the same rules everywhere.
- Peer-to-peer, decentralised, centralised, and OTC
- One compliant marketplace layer across venue types
- Venue-agnostic — the same rules apply everywhere
- Connects issuers to real buyers
Compliance
Transfer restrictions live in the token, so an ineligible party cannot receive it on any venue.
- Transfer restrictions and eligibility enforced on-chain, at the token level
- A token cannot be traded to an ineligible party, regardless of venue
- Identity via SBX ID, checked at every transfer
- Liquidity and compliance no longer in tension
Liquidity
Secondary liquidity makes previously illiquid assets tradable, with settlement through SBX AURA.
- Connect primary issuance to genuine secondary liquidity
- Makes previously illiquid assets tradable
- Deeper markets as the asset class matures
- Settlement through SBX AURA
How it works
- 01
List
The tokenised asset is listed for trading across P2P, exchange, and OTC venues, under one compliant marketplace layer.
- 02
Match & verify
Orders are matched with eligibility verified on-chain at the token level — a token cannot be traded to an ineligible party.
- 03
Settle
Trades settle through SBX AURA, connecting primary issuance to genuine secondary liquidity.
Select a step to replay it. Hover to pause.
Step 1 of 3: List. A holder offers tokens on a peer-to-peer, DEX, CEX or OTC venue.
