Trust · Platform status
What is live,
and what is not.
This page is generated from the platform's own capability engine — the same one the operators see. It is not marketing copy, and we cannot make it say something the system does not already believe. Where a feature is a simulation, it says so.
Capabilities
| Capability | State | What that means |
|---|---|---|
| Xaman wallet link | not available | Working. The key never leaves your phone; we never hold it. |
| MPT issuance | not available | Tokens can be issued on the XRP Ledger. |
| Marketplace matching | practice only | Orders match inside our database. Nothing settles on a ledger and no value moves. It is a practice book. |
| Native MPT trading | not available | The XRP Ledger does not implement MPT trading on its DEX yet (XLS-82 is a draft). Nobody can offer this. |
| On-ledger trading (IOU · native DEX) | live | Real order books on the XRP Ledger's native DEX, for trust-line (IOU) assets. Available on XRPL today. Orders are OfferCreate transactions; nothing settles in our database. |
| On-ledger settlement of the MPT tokens | not available | There is no settlement path in the product today. |
| Self-custody (server-generated seed) | practice only | Under redesign. We do not recommend the current flow. |
| Platform custody | not available | Not offered. We will not describe custody as institutional until it has been audited. |
| Fireblocks custody | not available | Not implemented. |
| KYC / identity verification | not available | Manual review only. Not suitable for production onboarding. |
| Cross-chain bridge (quote & track) | live | Quotes and tracks cross-chain routes. It does not move your funds. |
| Ecosystem tokens · fund from XRPL, buy on SOMA | live | LQDA / LQDM are securities sold on SOMA.finance by its broker-dealer. We quote the USDC funding leg from your XRP wallet and read the balance of an address you control. We do not sell, hold or trade them. |
| Ecosystem tokens · XRPL twin (XLS-33 MPT) | practice only | A specification for issuing the same security natively on the XRP Ledger. Testnet preview at most; a real twin is a legal decision with a transfer agent, not a deploy. |
Can I invest today?
no No offering on this platform can be subscribed to. The listings you can see are published so that sponsors and investors can evaluate them — but there is no settlement path in the product, so no money changes hands here. Any figure attributed to a sponsor is their projection, not our finding.
Who operates this platform
| Operating entity | existing_entity |
| Jurisdictions | multiple |
| Our role | multiple |
| Trading model | iou native dex |
Why this page exists
A platform that hides its limits
is telling you about them anyway.
Every capability above is bound to evidence: a working integration, a transaction on a public ledger, an audit. Where the evidence is missing, the capability is marked unavailable and the interface refuses to claim it — including to our own operators. That refusal is enforced in code and covered by tests, not by a policy document.