TOKENIZED EQUITIES / DEFINED OUTCOMES

Your stock.
More possibilities.

A holder. A dealer. One fully funded contract. Know both outcomes before you start.

Explore programs
STRIKAL / PROGRAM SELECTOR

01 / THE PROGRAMS

Make your
next move count.

YOUR PROGRAM

Harvest

Get paid today to agree a price you would sell at.

TERM7 days
MARKET VIEWFlat to mildly higher
PAYS YOUPaid up front, the moment a dealer takes the other side
COSTS YOUYou give up everything above your price. In a sharp price increase you do materially worse than simply holding.
Explore Harvest
Illustrative equity coverage
SPYxS&P 500 ETF
NVDAxNVIDIA
TSLAxTesla
AAPLxApple
THE STRIKAL PLAYBOOK

02 / THE MECHANICS

Two sides. One contract.

Cash here means a supported onchain stablecoin. Every payment and every cash-denominated deposit uses one.

  1. 01 /

    You pick the outcome

  2. 02 /

    You get paid, straight away

  3. 03 /

    Both sides are covered

  4. 04 /

    One of two things happens

COLLATERAL, NOT PROMISES

03 / BUILT AROUND THE AGREEMENT

A trade you
understand.

These are fully collateralised payoffs, not loans. A move against you during the term cannot trigger a margin call or an early close, because everything the trade could owe is already posted. At expiry the contract distributes what it holds under the payoff you agreed, and that payoff may hand some of your shares to the dealer. That is the trade you made. What cannot happen is being closed out early because the market moved.

Understand the settlement risk

You choose a programme and the stock you want to run it on. A dealer either takes that or leaves it. Both sides deposit the full collateral the trade requires before it goes live, and at the date the contract distributes that collateral according to the terms, not us.

Two things about who we are, both of which you should weigh before trading. Market making is done by a separate affiliated firm: it takes the other side on the same contract, under the same escrow, with no ability to move your collateral.

And the closing mark is attested by a key this same operator holds, which means the party that may be your counterparty is also the party that submits the price your trade settles on.

What the contract does constrain: that key cannot redirect a single token to a third party, and the observation it attests must be timed to expiry.

What it does NOT constrain is the price itself. The contract does not verify the mark against any oracle on chain, so a dishonest or compromised holder of that key could submit a false price that decides the whole position, and the payoff is all or nothing at one level. This is the most important thing to understand before opening a position.

Current balances have no monetary value and cannot be redeemed for stocks or cash. Onchain mark verification is required before real assets can be supported.

04 / TRY IT FOR YOURSELF

Stop just holding.
Start exploring.

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PROGRAM AVAILABILITY

Harvest and Accumulate execute and settle end to end with practice balances that have no monetary value; Credit is design only and is labelled a preview. Today an authorised signer submits the settlement marks. Support for real assets requires integrations for regulated tokenized equities and their transfer restrictions, an onchain oracle, stale-price and trading-hours controls, independent security review, and more testing.

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