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Issuance, Collateral, & Security

Security is a top priority, and every ETF follows a clear lifecycle to ensure transparency and security:

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Written by Lore Support
Updated over 2 weeks ago

Issuance & Collateral Mechanics

1. Token Creation

  • ETFs are minted via Lore’s mint & redeem smart contracts.

  • Currently on Solana, but easily deployable across chains (e.g., BNB).

  • Underlying assets can include xStocks, crypto tokens, and DeFi yield vaults.

  • Tokens are freely transferable cross-chain.

2. Collateralization & Custody

  • Each ETF has its own dedicated onchain custody address, fully transparent and verifiable.

  • Custody is managed through Lore MPC, with additional support from leading providers like Copper and Anchorage.

  • These addresses are fund-level only—members don’t have direct access—ensuring security and accurate tracking.

3. Rebalancing

  • Lore manages rebalancing to keep ETFs aligned with their strategy.

  • This includes adjusting holdings and optimizing yield when needed.

4. NAV Publishing

  • The Net Asset Value (NAV) of each ETF is published in real time.

  • Safeguards are in place to detect and prevent pricing errors.


Security

Security is a top priority.

  • All ETFs use noncustodial MPC wallets with multiple key shares for redundancy.

  • Transparent custody addresses allow anyone to verify holdings directly on-chain.

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