Demonstration and education. Simulated data, no real assets or customers. Not financial, legal, or tax advice and not an offer.

Why this matters: Quick reference for terms you will hear in institutional conversations.

Lesson 8 · Glossary and completion

Terms and check

Tokenization
Digital certificate of ownership for a real-world asset on a permissioned ledger, with transfer restrictions built in.
Tokenized CAD deposit
Bank-issued regulated claim on the ledger; not a third-party stablecoin.
Delivery versus payment (DvP)
Asset and cash settle together, or neither does.
Settlement layer
Where 4orm composes title, cash, and rules in one regulated event above existing rails.
Settlement finality
Irreversible completion of settlement, not merely fast messaging.

Check your understanding

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