§ 01 / Network
Price without leakage.
fig.03 / stn topologyconfidential · verifiable · cross-venue
§ 02 / Primitives
Three cryptographic guarantees.
PRIM · 01
Confidential execution (FHE)
Order intent is computed upon while encrypted. Counterparties see matches, not intent.
PRIM · 02
Verifiable price discovery
Every quote and match is attested on-chain. Best-ex is provable, not claimed.
PRIM · 03
Confidential OTC
Institutional RFQ without mempool exposure, leakage, or adverse selection.
§ 03 / Lifecycle
How an order moves through STN.
00:00 · INTENT
Institution signs an encrypted order under OMA mandate. Nothing hits a public surface.
STEP · 01/04
00:01 · BROADCAST
Encrypted intent enters STN. Counterparties compute matches without decrypting.
STEP · 02/04
00:02 · DISCOVERY
FHE-gated auction produces a verifiable price. Non-matching counterparties learn nothing.
STEP · 03/04
00:03 · SETTLEMENT
Atomic cross-venue settlement. OMA attestations post on-chain for audit.
STEP · 04/04
§ 06 / Access testing
Join the waitlist for access testing.
Early access is rolling out to a small cohort of institutions. Drop your details and we'll coordinate briefings and pilot onboarding as your category opens.