How it Works
The tokens that each platform receives are interchangeable. This means the user is able to mint TSLAI (TSLA stock token) on one platform and redeem it on another, or send it to his chosen blockchain and use the native liquidity pool for the exact asset.
Stable Labs merges traditional finance with blockchain technology, providing a flexible, secure platform for managing bonds, commodities, and equities. We solve the potential fragmentation of liquidity caused by multiple tokenization issuers via Tokenization-as-a-Service for businesses. This service allows fintechs, exchanges, and regulated corporations to seamlessly integrate our tokenization system, enabling users to mint and redeem tokenized assets across various platforms and liquidity pools.
Platform Integration and Functionality
Platforms that implement our Tokenization system connects directly to our backend and is whitelisted to perform mint/redeem functions for its KYC/AML-verified users.
Minting Process:
When a user initiates a mint, stablecoins are instantly transferred to a designated treasury wallet for the integrated platform.
These stablecoins are then redeemed, and the corresponding assets are purchased and added to Stable Labs' RWA Backing custody, verified by Proof of Reserve (PoR).
RWA tokens are transferred to a platform-specific wallet (hot or cold, based on platform preference), indexed, and redistributed to users.
Interchangeability:
Tokens received by each platform are interchangeable, allowing users to mint TSLAI on one platform and redeem it on another or use the native liquidity pool on their chosen blockchain.
Plug and Build
Seamless Integration:
Businesses can seamlessly integrate tokenization features into their existing infrastructure using our expert team and ready-made technical and legal solutions.
Issuance of Tokenized Assets
Platforms with integrated fiat-backed stablecoins can use our API integration suite to issue tokenized assets.
Initiation:
The user initiates an issuance request through the platform.
The platform transfers the equivalent stablecoins to the stablecoin treasury.
Asset Issuance:
Upon stablecoin redemption confirmation, the platform requests asset issuance through Stable Labs's APIs.
The platform requests fund transfers from the fiat account (managed by Stable Labs) to its brokerage account.
Asset Purchase:
Stable Labs places an order with the respective exchange for the desired asset.
Token Distribution:
Once the asset purchase is confirmed, the asset-based token is issued by Stable Labs to the platform.
The platform distributes the token to the user.
Issuance Of Tokenized Asset Through Cash
Businesses can select the issuance of tokenized assets directly through cash. The procedure is as follows:
Users request the issuance of the tokens of a particular asset through the platform and transfer the fiat amount of that asset to the brokerage account of the platform by Stable Labs.
On confirmation of the transfer by the user, the platform sends the issuance request to Stable Labs through the API provided for placing the request for the tokenized order.
After performing the required checks, Stable Labs processes the request and places it on the exchange.
Upon receiving the asset from the exchange, Stable Labs issues the equivalent volume of tokens to the business.
The platform then further distributes the token to the use Redemption Of Tokenized Asset upon receiving them.
Businesses can also place redemption requests through APIs depending on user request types and activities.
They can initiate a redemption request of a particular asset class on which the platform needs to transfer the tokens to their treasury contract.
A valid payload is sent to the asset redemption API provided by Stable Labs for initiating the sale of the asset
On confirmation of the payload and required checks, Stable Labs places a sell order on the exchange.
Once the order is fulfilled, the equivalent sell price pegged stablecoin is issued by Stable Labs and transferred to the platform. The equivalent amount is then credited to the fiat account of the platform provided by Stable Labs.
Once the fiat-backed stablecoins are received by the platform, it’s then distributed to the user (Option A)
If the user decides to receive the proceeding of the sale of the asset in terms of cash, a transfer is initiated to the user’s account from the brokerage account of the platform provided by Stable Labs.
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