NUTS Finance - Financial Instruments

Use Case Description

The NUTS Technology Platform will allow Financial Service Providers to easily create new financial instruments and deactivate existing financial instruments in a trustless and transparent fashion.

Actors

• Financial Service Providers (FSPs), who are the underwriters of financial instruments. Usually Underwriters of specialized financial instruments or Blockchain Foundation;

• Timer Oracle, who is an external timer service provider that provides timing information.

Precondition

None.

Process Flow

Create Financial Instruments

• FSP creates a new financial instruments using the NUTS Technology Platform;

• The newly created financial instrument can have an optional expiration so that no one can create new issuance of a financial issuance once it expires.

Deactivate Financial Instruments

• FSP can prematurely deactivate a financial instrument so that no one can create new issuance of this financial instrument.