Our Platform as a Service
What does our service do?
Our clients (such as financial services providers and law offices) use the Hunit platform to author digitalized investment or legal instruments on behalf of their customers. This process includes:
- Defining regulatory status and its reporting requirements
- Configuring tokenization metrics
- Writing binding legal agreements (smart contracts) that include automated functionalities and, if desired, automated resolution of breaches to specified terms
- Associating the ecosystem services (such as banking integration) that enable the smart contract to perform its defined functions
- Writing and documenting pre-agreed remedial actions for breached agreement terms.
Once complete, the digital instrument is issued to the Stellar and Hyperledger public blockchains, where it domiciles for its active lifecycle. Issuance of a new instrument can be performed based on smart-contract defined closing procedures (automating the entire funding and clearing process). Conversely, an instrument can be issued directly to identified holders, such as would be fitting the distribution of token-based equity in a startup company.
Once active, a Hunit powered instrument contains all the instructions and documents that it requires to autonomously perform its planned lifecycle. This includes managing applicable restrictions associated with secondary trading, monitoring issuer compliance with its commitments to investors and, in specified cases, remedying breaches. As it self-manages, Hunit powered instruments have the capability to draw upon external resources and services, provided by Hunit or third parties, as are defined in their smart contracts.
Who uses Hunit’s service?
Hunit enables financial and legal service providers to offer their clients a new and transformative model for investment instruments. While the ultimate beneficiaries of Hunit’s technology are investors and investees, our primary user base is comprised of the legal and financial service providers helping these stakeholders reach their business and investment goals. These include:
- Law offices providing corporate law services seeking to add smart contract capabilities to their organization
- Licensed financial service providers (such as broker-dealers) seeking to add the advantages of digitalization and automation to their private market investments
- High volume investors such as P/E funds, venture capitalists and grant-giving organizations looking to create significant efficiencies in their management of large portfolios (and/or portfolios involving assets or companies in regions lacking effective judicial systems)
- Company registrars and governmental company registries interested in adding low-cost, template-based equity tokenization (which could include built-in regulatory and corporate law compliance features)
- 3rd party certification agencies (such as B Corp certifications offered by B Lab) looking to apply binding rules of conduct to a broad spectrum of organizations
What can they create?
The nature of Hunit’s technology and the decentralized environment in general grants tremendous flexibility over what can be fractionalized and associated with binding smart contracts. We’re certain that in time the market will create a diverse set of innovative, currently unanticipated uses – but below are some examples of applications that represent clear opportunities for the efficiency advantages that our platform offers.
- Private market investment instruments such as private credit, real asset and other currently paper-based structured investments.
- Restricted, regulatory-compliant securities (trading under specific registration exemptions) that ban benefit from autonomous compliance features and access to a global, decentralized exchange
Corporate Governance and Others
- Equity programs for privately held corporations of all sizes that include autonomously enforced shareholder agreement terms
- Beneficiary programs for foundations or trusts