How it works
assetfra lets a business tokenise assets it owns and publish them as a listing, and lets participants subscribe to it. What is tokenised is up to the listing — this page describes what happens to your funds at each step, including when things go wrong.
1. A business lists what it is tokenising
The originator describes the assets, sets a target, a minimum raise, a rate, a term, and the date the listing settles. They publish supporting documents. The listing is then reviewed before anyone can subscribe, and a business may only list assets inside its own verified line of work.
2. Approval deploys a token
On approval the listing gets a reference number (ASTxxxxx) and its own ERC-20 token, deployed on BNB Smart Chain. The listing metadata is pinned to IPFS and its address recorded on the token, so anyone can read what the token represents without asking us.
3. You subscribe
You approve the escrow to move your tUSDT, then subscribe. In the same transaction the escrow takes your funds and mints you listing tokens 1:1. Two steps, shown as two steps — you should always know what you are signing.
Self-custody: your funds are held by the escrow smart contract, not by the platform. You can verify the balance on BscScan at any time. We cannot spend them.
4. The contract settles the listing, not a person
At the go-live date the escrow decides the outcome by itself:
- Full subscription only — the raise must hit the target exactly, or everyone is refunded.
- Partial funding accepted — the raise settles if it reached the minimum the originator set.
On success the platform fee and the reserve are deducted, and the net proceeds go to the originator. The three parts always add back to exactly what was raised — no rounding is left behind.
Settlement is permissionless: anyone can trigger it once the date passes. Our keeper does it as a convenience, but no listing depends on us being alive.
5. If it does not fund, you get your money back
A listing that misses its target moves to refunding. You claim your principal yourself — it comes back to the wei, and your listing tokens are burned in the same transaction. Refunds are not automatic; they wait for you, and your account page tells you when something is waiting.
6. Repayments are distributed pro rata
When the originator repays, holders are snapshotted at a specific block and each holder's share is computed so the amounts sum to the repayment exactly. Payment goes out on chain in batches.
If something gets stuck
Every state that can hold your funds has an exit. If a listing wedges — the originator disappears, or its terms can never be met — an administrator can void it, which forces it into refunding so you can reclaim your principal. The contract enforces that no administrative action can ever reduce its balance below what it owes subscribers. The escape hatch can unwedge a listing; it cannot take your money.
One honest limit: a listing that has already settled cannot be reversed on chain. The funds have left, and the listing token has no clawback by design.
This is a testnet
Everything here runs on BNB Smart Chain testnet with a test token. There is no real money involved, and nothing on this site is an offer, a solicitation, or advice.