2.1 OAE Core Idea
The OAE framework is integral to the 'Xend V2' Roadmap and is designed to facilitate the onchain onboarding of any legally transactable asset types. It rests on several strategic pillars:
7-in-1 Integration: OAE merges seven platforms to manage the full lifecycle of assets, which includes:
Asset Chain: A dedicated chain for tokenizing real-world assets, with an integrated layer for legal and factual event recording.
Origin Studio: A platform for issuing and managing tokens, enabling the onboarding and tokenization of assets and associated rights.
Social Hub: Connects token and asset owners with service providers like market makers, investors, authenticators, insurance, and compliance validators.
Xend Connect: Links the AssetChain with OAE's components and external systems via data exchange oracles.
GOR (Global Ownership Register): Allows for the creation of asset profiles on the RWA blockchain and tracks related transactions and events.
Xend Solutions: A curated suite of Xend Finance offerings, including banking, exchanges (centralized and decentralized), fundraising platforms, wallets, and bridges for off/on-ramping and cross-chain transactions.
IAC: Asset Authentication, Insurance, and Compliance Validation, being a structured cooperation framework for assets verifiable, quantified credibility, combined with proper mirroring of asset factual and legal state and events on blockchain.
Developing a Global Ownership Register (GOR): Creating a unified social platform for asset profiles that includes an integrated transaction explorer.
Event Mirroring in OAE: The OAE and its AssetChain offer a system for capturing and reflecting legal and factual events concerning onboarded assets directly onto the AssetChain. This capability primarily leverages the structured IAC framework, encompassing Insurance, Authentication, and Compliance Validation. Key event types that can be recognized and mirrored on the AssetChain include:
ownership transfer & limitations
physical losses or damages
insurance payouts
use of assets for collateral or mortgages
inheritance event
changes in physical location.
Assets as Smart Contracts: Every asset added to the AssetChain is represented by its own smart contract, not a token. These contracts comply with the legal frameworks relevant to the asset's onboarding process, which can vary based on the asset type and the territory involved.
Rights as Tokens: token standards serve as the on-chain embodiment of specific rights associated with an asset, not the asset itself.
Universal Asset Environment: OAE is designed to accommodate all legally transactable assets, covering both tangible and intangible categories.
IAC cooperation triangle: - engagement of 3 core partners types, enabling Events Mirroring protocol and credibility assessment - Insurance Providers, Asset Authnethicators and Compliance Validators.
Legal Binding and credibility score: The OAE framework guarantees true asset ownership by employing verifiable legal binding, bypassing traditional legal wrapping. This involves smart contract administrators legally confirming that the asset's documentation in OAE accurately reflects its real-world status. Both administrators and owners must possess valid Xend IDs for verifiable identity at the time of onboarding. Legal binding is closely linked with asset insurance, authentication, and compliance - despite being optional, failing to establish a proper IAC event mirror policy drastically reduces the asset's credibility, as reflected on its public profile.
See the chart below for a summary of a high-level OAE organizational structure:
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