📔Tribal Origins: Asset Providers or Originators
Asset providers are critical stakeholders on the borrowing side, consisting of borrowers and originators. Borrowers seek financing based on Real World Asset collateral and supply all necessary information to the tokenization platform, and generate the real world asset tokens. Originators assist borrowers in integrating assets into the blockchain and completing the tokenization process. Originators typically have specific blockchain or financial knowledge. Originators also vet the underlying Real World Assets based on protocol governance rules and earn a fee for their services.
RWA Originator Governance Rules: Asset Verification and Onboarding
Tribal will have a dedicated team to provide white-glove service to originators interested in our aggregator platform. All RWA originators registering on the platform must undergo a rigorous verification and onboarding process before they can be listed on ARM. This process is designed to safeguard the integrity of the marketplace and protect investors by ensuring that all assets are backed by credible sources and meet predefined criteria. We may have a section of ARM for non-verified assets. The following governance rules will be applied to ensure credibility of our partners.
Initial Documentation Submission:
Asset owners and originators begin by legally pledging their assets for tokenization. This often involves legal contracts and the establishment of special-purpose entities to hold the assets.
Asset originators must submit detailed documentation proving ownership, value, and legal standing of the RWA. This includes title deeds, appraisal reports, legal compliance certificates, and any other relevant documents.
The documentation must be submitted through the Tribal Identity Management Portal, where it will be securely stored and managed.
Third-Party Verification:
All submitted documentation will be subject to verification by a third-party auditor or trusted oracle service. The verification process includes cross-checking documents with public records, independent appraisal, and confirming the asset's compliance with relevant laws and regulations.
Detailed information about the assets is recorded on the blockchain. Use of third party-partners in the RWA Space like Jiritsu and Axelar for technological support may be necessary.
Only oracles or auditors who meet Tribal’s standards for accuracy, impartiality, and security are eligible to perform this verification.
Community Voting:
For assets exceeding a certain value threshold (e.g., $1 million), the Tribal community may be given the opportunity to vote on whether the asset should be listed on the marketplace. This vote will occur after third-party verification but before the asset is officially onboarded.
Onboarding Decision:
Upon successful verification and/or community approval, the asset will be onboarded to the marketplace. The asset will be tokenized according to the ERC-721 standard, and its details will be made publicly accessible via the Blockscout Explorer.
The platform administrators will perform a final check to ensure all data is correctly entered and all criteria are met before the asset goes live.
Ongoing Compliance Monitoring:
Once listed, RWAs must undergo periodic audits to ensure continued compliance with the platform’s rules. Any asset found to be non-compliant will be subject to delisting, with the potential for penalties or sanctions against the originator.
The platform may use automated tools to monitor compliance, supplemented by manual audits as needed.
Dispute Resolution:
In the event of a dispute regarding the legitimacy or compliance of an RWA, a neutral arbitration process will be initiated. Both the asset originator and any affected parties may present their case.
The arbitration decision will be binding, and the asset may be delisted or corrected based on the outcome.
Enforcement:
All governance rules are enforced by the Tribal platform's smart contracts, ensuring transparency and impartiality. Any violation of these rules by asset originators or other participants will result in penalties, including potential loss of listing privileges or financial sanctions.
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