OTC settlement · policy-enforced release

Two desks. No trusted escrow.

Two desks settle a swap without handing custody to a third party. Each policy stays private; only roots, typed verdicts, and receipts cross the wire. Release and refund are evaluated by the real DVM policy VM before any signature is produced.

  1. draft

    The buyer records amount, asset, counterparty, delivery window, and refund terms.

  2. check

    Each desk evaluates the draft against local policy; the counterparty sees only verdicts and reasons.

  3. freeze

    Matching policy roots are committed into a shared trade root before funding.

  4. settle

    Delivery releases funds to the seller; timeout returns funds to the buyer treasury.

compiling both desks' policies in your browser…