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Tokenization 101

From mining to token.

Every T-Mines Token follows the same three-phase lifecycle: institutional-grade paper certificate, on-chain representative token, and compliance verification at every transfer. Twelve steps total — from SPV formation through USD redemption.

A

Issuance

Project SPV forms, the paper Token Note is drafted, an institutional transfer agent takes custody, and a representative token is minted on-chain.

4 steps · 01–04
B

Investment

Investor completes five-check compliance verification, qualifies under US accredited or offshore track, subscribes and funds escrow, and receives the token.

4 steps · 05–08
C

Lifecycle & redemption

Token is held in a verified wallet with compliance-gated transfers. At maturity or trigger, the token is burned and face value paid in USD.

4 steps · 09–12

Full lifecycle · 12 steps

SPV formation → USD redemption
Phase
#
Step
What happens
System of Record
A
01
SPV formationIssuer forms a Delaware or Cayman holding entity, tied to a local operating company in the source jurisdiction.
The SPV holds the claim on project cash flows; the local entity handles operations, FX and tax.
Corporate registry
A
02
Token Note certificate draftedPaper Token Note drafted with project-specific terms: face value, maturity, redemption trigger events, USD denomination.
Zero-coupon structure: issued at discount, redeemed at face value. No interim payments.
Legal counsel
A
03
Institutional custodyPhysical certificate delivered to a regulated institutional transfer agent. Custody established; investor registry seeded.
Transfer agent becomes the definitive legal record. All ownership changes reconcile with this registry.
Transfer agent
A
04
Token mintERC-3643 (T-REX) permissioned token contract deployed. Token representing Token Note rights minted to treasury wallet. Certificate hash committed on-chain.
Issued as an ERC-3643 security token: an on-chain identity registry and compliance module are bound at mint. Supply equals face value denomination.
Blockchain + TA
B
05
Compliance verificationFive checks — KYC, KYB, AML, sanctions screening, KYW wallet-risk score. Fail-closed.
Any single failure blocks subscription. All five checks logged against the investor record.
Compliance stack
B
06
Track qualificationTrack A: U.S. accredited verification. Track B: non-U.S. person certification + offshore tax documentation.
Investors assigned to one track. Flowback controls prevent offshore tokens settling to U.S. wallets in the compliance period.
Transfer agent
B
07
Subscription & fundingSubscription agreement executed. Investor wires USD to escrow. Funds held pending final verification.
No commingling: escrow is segregated per offering.
Escrow agent
B
08
Token deliveryUpon verification, token transferred from treasury to the investor's verified wallet. Registry updated; state reconciled.
Wallet address permanently bound to investor identity. All future transfers re-verify the destination.
Blockchain + TA
C
09
Compliance-gated holdingToken resides in a verified wallet. Any transfer re-runs the five-check stack through the ERC-3643 compliance module. Non-compliant transfers blocked atomically.
The ERC-3643 contract itself enforces compliance on every movement — transfers revert unless both parties hold valid on-chain identities.
Blockchain
C
10
Maturity / event triggerRedemption triggered by maturity date or a specified project event. Transfer agent verifies; proceeds routed to redemption escrow.
Trigger events are defined in the Token Note certificate and mirrored in on-chain metadata.
Transfer agent
C
11
Token burnSmart contract burns the Token Note on-chain, removing it from circulation. Registry marks the token redeemed.
Burn is irreversible. The paper certificate in custody is simultaneously marked redeemed.
Blockchain
C
12
USD payoutFace value in USD wired from redemption escrow to the investor's designated bank account on file with the transfer agent.
Cycle complete. No secondary obligations remain. Investor may join subsequent offerings.
Escrow agent

Three Token Note instruments.

Every project is tokenized into one of three permissioned token families — each standing on a distinct body of law: debt, custody, or equity.

TMCTDebt

TM Claim Token

A fixed-term debt claim secured by a specific mining project’s assets and cash flows. Holders are secured creditors; collateral is perfected at 1.5× coverage. Zero-coupon — issued at discount, redeemed at face value.

UCC Art. 9 (secured debt) · Reg D / Reg S
TMVTVault

TM Vault Token

Direct title to a specific allocated quantity of physical precious metal, or a graded precious stone, held by a third-party accredited custodian. Holders own the underlying asset, one-to-one.

UCC Art. 7 (document of title / bailment)
TMFTEquity

TM Float Token

A tokenized equity interest backed one-to-one by shares of a mining company held in custody. Share-price exposure, dividend pass-through and shareholder voting rights pass through to holders.

UCC Art. 8 (investment securities)