§ 01 / Stack
Five layers of the OnTrade rail.
fig.04 / full stackapplication → settlement
§ 02 / Properties
Guarantees, not aspirations.
PROP · 01
Policy-enforced execution
Mandates evaluated per-order inside OMA before any venue sees intent. Violations reject deterministically.
PROP · 02
Encrypted order flow (FHE)
STN computes matches under homomorphic encryption. Non-matching counterparties learn nothing about your intent.
PROP · 03
Verifiable attestation
Every action produces an on-chain receipt. Audit without reconciliation, compliance without screenshots.
PROP · 04
Atomic cross-venue settle
Routed settlement across CEXs, tokenization venues, custody, and on-chain pools under a single transactional envelope.
PROP · 05
Open integration surface
Connects to OMS / EMS, wallets, and custodians via open standards. No bespoke integrations per counterparty.
PROP · 06
Operator-neutral infra
Sovereignty is the default. OnTrade never sees your mandate, your intent, or your counterparties.
§ 03 / Capabilities
What the rail actually enables.
Institutional order routing
Standards-based order entry, allocation, and post-trade messaging into existing front-office workflows.
CAPABILITY · 01
Regulated settlement messaging
Machine-readable settlement instructions and reporting aligned with institutional back-office expectations.
CAPABILITY · 02
Front-office integration
Drop-in connectivity for OMS / EMS stacks without bespoke per-counterparty wiring.
CAPABILITY · 03
Institutional-grade custody
Compatible with MPC, HSM, and multi-sig custody patterns. Keys never leave the institution.
CAPABILITY · 04
On-chain attestations · auth
Cryptographic proofs of authority, mandate signature, and operator identity. Verified by the protocol, not by paperwork.
CAPABILITY · 05
On-chain attestations · risk
Live risk state (exposure, concentration, breach events) posted as verifiable on-chain attestations for counterparties and auditors.
CAPABILITY · 06
Confidential compute
FHE-gated execution surface. Match and price discovery without revealing intent to any single party.
CAPABILITY · 07
Cross-VM settlement
Atomic settlement across heterogeneous execution environments and tokenization venues.
CAPABILITY · 08
§ 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.