LanguageSecurities offering management
Manage subscriptions, allocation, registers and settlement in one system,
built on TESSA’s offering operations experience.
Who it is for
Issuers and operators of fractional investment securities
Standardize offering operations and reduce repetitive work.
ONE SYSTEM
Efficient offering operations
Manage registers and settlement in one system to reduce manual and repetitive tasks.
SINGLE SOURCE
Unified operating data
Connect offering, register, allocation and settlement records for review and reconciliation.
READY INTEGRATION
Financial integrations
Define subscription and settlement integrations based on each financial institution’s account interfaces and procedures.
Manage key workflows from offering preparation through post-issuance operations and settlement.
END TO END
From offering through liquidation
Manage offering, subscription, allocation, register and settlement records. Applicable securities and detailed workflows are defined during adoption.
OPERATIONS
Operations console
Complex operational work is handled through web-based screens, supported both on-premises and in the cloud.
CONNECTED
Bank account and API integration
Internal and external APIs connect subscription deposits, distributions, redemptions and escrow management to your operating environment.
INTEGRATION
IXTO integration
Define how product, investor and allocation records connect to issuance and ledger-entry workflows in IXTO.
The securities management screen shows each security’s status, issuance quantities and key dates in a single view, with direct access to the investor register and current holders.
Filter by stage: information entry, offering, operation and liquidation.
Separate the total issuable quantity from the quantity allocated to each ledger.
Check the investor register, current holders and key dates.
Manage workflows and records across offering, operations, settlement and closure.
Offering
Subscription intake
Investor subscriptions
Deposit management
Bank account integration
Allocation
Final allocation
Operations
Transfer notices
Rights transfer
Register management
Holder positions
Rights changes
Change history
Settlement
Distribution and redemption
Payment execution
Tax handling
Withholding settlement
Closure
Sale proceeds
Investor payout
Security retirement
End of issuance
Investors and operators take part in a single workflow for each security, with information carried forward from stage to stage.
Participation · Subscription · Allocation lookup
Product registration · Workflow status
Product information
Investor · Subscription data
Allocation results
Operating records
Liquidation · Settlement records
Investor, product, subscription, allocation and operating data are linked, so the status of each security and the results of earlier steps remain visible.
The in-scope workflows and integration method are agreed so that allocation results and reference data flow to IXTO, and processing results can be reconciled.
Offering → Subscription → Allocation
Operations → Liquidation
Deployment → Issuance → Operation → Retirement
Permissions · Ledgers · Reconciliation
TokenManager · Per-security contracts · Transaction records and validation
Product · Investor · Account · Quantity
REST API · Webhook
Allocation data delivery · Validation
Issuance · Operation · Retirement
Events · Processing results
Business outcomes such as allocation or liquidation are distinguished from completed ledger entries, and the criteria for downstream processing are defined.
Product · Investor · Account matching
Allocation results and issuance targets
IXTO execution results · Events
Workflow status reconciled with on-chain results
The target investment contract securities, the allocation cut-off, the IXTO integration scope and the exception-handling procedure are defined together.
Assess your operating environment and introduce the required capabilities in stages.
STEP 01
Scope assessment
We review the operations and systems you run today and agree the adoption scope.
STEP 02
Solution configuration
Configuration and schedule are aligned with your workflows and connected systems.
STEP 03
Build and integrate
Operating screens and API integrations are built and verified against real business scenarios.
STEP 04
Go live
We move to the production environment and support training and early stabilisation.
NH NongHyup Bank
MOU for online fractional investment APIs (Mar 2022)
Kiwoom Securities
Real-name account integration delivered (Aug 2023)
TESSA operating record
50 artworks offered, KRW 33.1 billion in combined offering value (as of October 2024)
Share your business plans and system environment. We will help define the scope and timeline.
Request a consultation