Glossary
Key terms and concepts for understanding Sails CrossSecurities infrastructure.
A
Accredited Investor
A U.S. designation for investors meeting specific wealth or income thresholds, allowing access to unregistered securities offerings.
ComplianceAML (Anti-Money Laundering)
Regulations and procedures designed to prevent criminals from disguising illegally obtained funds as legitimate income.
C
Cap'n Proto
Zero-copy serialization protocol used for inter-grain RPC communication in the Sails.to platform, enabling native Sandstorm integration without HTTP bridges.
FinanceCap Table
A spreadsheet or database showing the ownership stakes, equity dilution, and value of equity in each round of investment.
FinanceClearstream
A Luxembourg-based international central securities depository providing settlement, custody, and asset servicing for securities.
TechnologyCrossConversion
The process of converting Sails CrossSecurities between on-chain form (Solana) and bankable form (ISIN/Clearstream).
FinanceCrossSecurities
Sails' dual-format securities that can be held on-chain (Solana) or in bankable form (ISIN/Clearstream) and converted between forms at will.
FinanceCustody
The safekeeping and management of assets on behalf of investors, either through self-custody (private keys) or institutional custody (banks/depositories).
M
Master NFT
The root authority token in Sails.to's 4-layer NFT hierarchy on Solana, controlled by 3-of-5 keyholder threshold signing.
TechnologyMelusina
The on-chain authority layer for Sails.to — a Solana-based system implementing NFT hierarchies, KYC credentialing, and threshold crypto operations.
P
Paying Agent
The entity authorized to execute distributions and manage the revenue waterfall for a Sails.to offering, operating under Trustee oversight.
TechnologyPDA (Program Derived Address)
A deterministic Solana account address derived from program seeds, enabling trustless programmatic state management for offerings and compliance.
TechnologyPowerbox
The inter-grain capability sharing mechanism in Sandstorm/Melusina OS, enabling secure permission delegation via claim tokens and persistent sturdyRefs.
ComplianceProfessional Investor
European classification for investors with sufficient experience, knowledge, and expertise to make their own investment decisions.
R
S
Secondary Trading
The buying and selling of securities after their initial issuance, between investors rather than from the issuer.
TechnologySecurity Token
A blockchain-based token representing ownership in a security, subject to securities regulations. See CrossSecurities for Sails' implementation.
LegalSeries LLC
An LLC structure allowing multiple series with separate assets, liabilities, and members under one umbrella entity.
TechnologySmart Contract
Self-executing code on a blockchain that automatically enforces the terms of an agreement when conditions are met.
TechnologySolana
A high-performance blockchain platform known for fast transaction speeds and low costs, used for Sails.to security tokens.
LegalSPV (Special Purpose Vehicle)
A legal entity created for a specific, limited purpose — often to isolate financial risk or hold particular assets.
T
Threshold Signing
M-of-N keyholder cryptographic operations used to protect critical Sails.to platform actions, from Master NFT control to emergency freezes.
TechnologyTokenization
The process of converting rights to an asset into a digital token on a blockchain, enabling fractional ownership and programmable transfers.
TechnologyTradFi Bridge (CrossConversion)
Sails.to's CrossConversion system for converting CrossSecurities between on-chain and bankable form.
TechnologyTransfer Hook
A Solana SPL-2022 extension that intercepts token transfers and enforces compliance rules — KYC checks, jurisdiction whitelists, lock-up periods.
W
Waterfall
The revenue distribution priority structure for offerings — senior debt first, then investors pro-rata, then platform fee, then treasury.
FinanceWhite-Label
Branded platform instances for regulated institutions, trust companies, and broker-dealers with custom theming and compliance controls.
LegalWyoming DAO LLC
A legal structure under Wyoming law that recognizes DAOs as limited liability companies, providing legal certainty for blockchain-based organizations.
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