Today at @money2020 we launched Logos. @TomZschach and I have been building it in stealth this year.
Moving tokenized assets has come a long way. Accepting them and then actually doing useful work with them is where most of the work is left.
Take tokenized gold. Imagine a lender is asked to accept $10M of it as collateral. If I were building that workflow, I'd want more than an issuer's statement that the gold exists. I'd want an independent auditor's attestation of what gold they inspected, where and when, alongside custody records and redemption terms.
Those pieces of evidence answer different questions. An inspection of gold in a vault still leaves the legal rights and redemption terms to establish. The source, scope and date of each claim matter.
I don't think every institution that wants to receive these assets should have to start from scratch to answer those questions. In a world of many thousands of tokenized assets, I don't even think today's processes survive.
This is why we're building Logos: the evidence layer institutions need to put more tokenized assets and stablecoins to work.
There's a simple idea behind the architecture: N × M → N + M. A hundred evidence publishers and a hundred institutions, each connecting to every other, is 10,000 connections to build and maintain. Each connecting once through a shared interface is 200.
The arithmetic is the easy part. Making evidence reusable means being able to establish who supplied it, their authority and whether it's current enough for the decision. And N + M describes the connections; every institution still makes its own policy checks.
That independence matters. A custodian and a lender can look at the same evidence and reach different decisions. We want to make the shared work reusable while keeping each institution's judgment and accountability intact.
We've closed our seed round with backing from @ParaFiCapital and @vaneck_us, and we're working toward our first production workflows with @Paysend and @Securitize as initial design partners. Thank you to our team and everyone helping us get this off the ground.
If you're the person chasing this evidence or connecting these systems at a custodian, lender or payment institution, I'd love to hear where you spend your time. That's the work we want to make easier.
Discuss a design partnership: logosfi.com
Moving tokenized assets has come a long way. Accepting them and then actually doing useful work with them is where most of the work is left.
Take tokenized gold. Imagine a lender is asked to accept $10M of it as collateral. If I were building that workflow, I'd want more than an issuer's statement that the gold exists. I'd want an independent auditor's attestation of what gold they inspected, where and when, alongside custody records and redemption terms.
Those pieces of evidence answer different questions. An inspection of gold in a vault still leaves the legal rights and redemption terms to establish. The source, scope and date of each claim matter.
I don't think every institution that wants to receive these assets should have to start from scratch to answer those questions. In a world of many thousands of tokenized assets, I don't even think today's processes survive.
This is why we're building Logos: the evidence layer institutions need to put more tokenized assets and stablecoins to work.
There's a simple idea behind the architecture: N × M → N + M. A hundred evidence publishers and a hundred institutions, each connecting to every other, is 10,000 connections to build and maintain. Each connecting once through a shared interface is 200.
The arithmetic is the easy part. Making evidence reusable means being able to establish who supplied it, their authority and whether it's current enough for the decision. And N + M describes the connections; every institution still makes its own policy checks.
That independence matters. A custodian and a lender can look at the same evidence and reach different decisions. We want to make the shared work reusable while keeping each institution's judgment and accountability intact.
We've closed our seed round with backing from @ParaFiCapital and @vaneck_us, and we're working toward our first production workflows with @Paysend and @Securitize as initial design partners. Thank you to our team and everyone helping us get this off the ground.
If you're the person chasing this evidence or connecting these systems at a custodian, lender or payment institution, I'd love to hear where you spend your time. That's the work we want to make easier.
Discuss a design partnership: logosfi.com
logosfi.com Logos | The evidence layer for acceptance Moving value on a blockchain became easy. Accepting it did not. Logos is the evidence layer that makes acceptance faster to support and easier to defend. Today at @money2020, we're introducing Logos: the evidence layer for acceptance of tokenized assets and stablecoins.View quoted post on X
We're building shared evidence infrastructure so institutions can put more assets to work on blockchains, in custody, lending and payments.
