One accounting source of truth per financial domain
The reference architecture keeps financial state and external operational signals distinct. Accounting components record positions, debt, cash, token inventory, capital shares, and loss allocation. Venue adapters and services provide bounded information and permitted execution requests.Core components
- Position accounting: records collateral, debt, cash, and outcome-token inventory.
- Settlement-evidence registry: recognizes confirmed cash once and bounds it by relevant execution capacity.
- Risk controls: evaluate executable prices, position limits, and timing constraints.
- Venue adapter: exposes venue-specific market and settlement behavior.
- Capital accounting: records credit, backstop capital, reserve capacity, and deterministic loss allocation.