Diagram
Core Entities
Asset
Example: USDC, BUIDLIssuer
An issuer is the entity that legally issues the asset. For a fund, this will be the investment vehicle (trust, SPV, etc.), not the sponsor or manager. Example: Circle, BUIDL Fund, Superstate TrustToken
A token is the specific instance of an asset on a network and platform. Example: Ethereum USDC, Polygon BUIDLNetwork
A network is the blockchain network that the token is deployed on. Example: Ethereum, PolygonPlatform
A platform is the entity that deploys the token on a network. In some cases, the platform is the same as the issuer, as in the case of Circle or Tether. In other cases, the platform is a different entity, such as Securitize or Centrifuge. Example: Circle, SecuritizeRelationships
- Asset -> Issuer: Each asset has an issuer
- Token -> Asset: One asset can have multiple tokens across different networks and platforms
- Token -> Platform: Each token is issued by a platforms
- Token -> Network: Each token is deployed on a network