Skip to main contentDiagram
Core Entities
Asset
Example: USDC, BUIDL
Issuer
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 Trust
Token
A token is the specific instance of an asset on a network and platform.
Example: Ethereum USDC, Polygon BUIDL
Network
A network is the blockchain network that the token is deployed on.
Example: Ethereum, Polygon
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, Securitize
Relationships
- 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
