Simple Execution Flow (Everyone Version)
If you only read one page, read this one.
Rule: XRPL is the canonical evidence rail.
Plain-English summary: We lock the asset in custody, lock the appraisal evidence (hash + IPFS), then write a permanent “receipt reference” to XRPL so lenders/partners can verify the evidence didn’t change.
Step 1 — Legal wrapper (LEGAL)
- Create the SPV (the project company).
- Document who is allowed to sign and make decisions.
Why: makes the deal enforceable and bankable.
Step 2 — Put the asset in vault (CUSTODY)
- Asset goes into an approved vault.
- We get a custody receipt and insurance proof.
Why: lender needs control of collateral reality.
Step 3 — Lock the evidence (VERIFICATION)
- We compute a SHA-256 fingerprint of the appraisal PDF.
- We store the appraisal on IPFS and record the CID.
Why: anyone can confirm the appraisal file did not change.
Step 4 — Write the “receipt reference” to XRPL (XRPL)
- We submit one XRPL transaction with a memo containing the CID + hash.
- That XRPL tx hash becomes the permanent public reference.
Why: independent time-stamped, tamper-resistant proof.
Step 5 — Financing (FINANCE)
- Lender closes facility and funds the SPV (typically $10–15M target).
- Funds are used per the agreed budget and covenants.
Why: capital is unlocked against controlled collateral + evidence.
Step 6 — Disbursement (OPS)
- Costs get paid (custody/insurance/legal/admin).
- Team/investor payouts follow the agreed waterfall.
Why: clear rules prevent disputes and keep the deal financeable.
One-picture flow (simple)
flowchart LR
A[LEGAL\nSPV + authority] --> B[CUSTODY\nVault + insurance]
B --> C[VERIFICATION\nSHA-256 + IPFS CID]
C --> D[XRPL\nAttestation memo tx]
D --> E[FINANCE\nFacility funds SPV]
E --> F[OPS\nPay costs + distribute]
XRPL is the canonical proof layer. Stellar can be used later as a mirror rail, but it never replaces XRPL as the record of truth.