Subscriptions & Escrow
Pledges, subscriptions and escrowed funds until an offering closes.
What it does
Before an asset is issued, investors need a safe way to commit. This module runs the subscription window: verified investors pledge or subscribe, their funds are held in on-chain escrow, and when the offering meets its terms the tokens are issued and the funds released. If an offering does not close, escrowed funds are returned automatically. It powers the pledge flow in SBX Prime.
Powers
How it works
Subscriptions & Escrow runs before the Tokenisation Engine mints. It checks each investor through the Compliance Engine, holds funds until the offering closes, and hands settlement to the Settlement Engine when tokens are issued.
Select a step to replay it. Hover to pause.
Step 1 of 3: Pledge. A verified investor commits to an offering before it is issued.
Key capabilities
Pledges and subscriptions
Verified investors commit to an offering before a single token exists.
On-chain escrow
Funds are held by the contract until the offering's terms are met.
Close or refund
Tokens are issued when an offering closes, or funds return automatically if it does not.
Allocation rules
Minimums, maximums and oversubscription are handled by rule, not by hand.