ISSUANCE AND TRANSFER AGENT

Block #21,904,000

[Issuance and transfer agent for tokenized securities]

Real assets, on‑chain.
Every transfer checked.

Mintage issues and services tokenized securities from one console: the register of holders, the rules every transfer must pass, and the distributions, reconciled with the custodian each morning.

Issued

$1.42B

Holders

4,901

Settlement

1 block

[#21,904,133]──

[0x7a3f…c41e]──

[#21,904,134]──

[DvP ✓]──

[#21,904,135]──

[0x91c0…07ad]──

[#21,904,136]──

[rule 2 ✕]──

[#21,904,137]──

[attest 09:00 ✓]──

[#21,904,138]──

[0x4be2…9a10]──

[#21,904,139]──

[KYC ✓]──

[#21,904,140]──

[lock-up ✓]──

[#21,904,133]──

[0x7a3f…c41e]──

[#21,904,134]──

[DvP ✓]──

[#21,904,135]──

[0x91c0…07ad]──

[#21,904,136]──

[rule 2 ✕]──

[#21,904,137]──

[attest 09:00 ✓]──

[#21,904,138]──

[0x4be2…9a10]──

[#21,904,139]──

[KYC ✓]──

[#21,904,140]──

[lock-up ✓]──

mint 240,000 HPC1-A ·

transfer T-20418 ✓ ·

transfer T-20419 ✕ rule 2 ·

coupon D-2026-Q4 paid ·

freeze 0x71…3e2 ·

reissue 1,200 → 0x9c…a07 ·

attest Δ 0.00% ·

snapshot #21,904,200 ·

mint 240,000 HPC1-A ·

transfer T-20418 ✓ ·

transfer T-20419 ✕ rule 2 ·

coupon D-2026-Q4 paid ·

freeze 0x71…3e2 ·

reissue 1,200 → 0x9c…a07 ·

attest Δ 0.00% ·

snapshot #21,904,200 ·

Issues on

Ethereum logo

Ethereum

Polygon logo

Polygon

Avalanche logo

Avalanche

Stellar logo

Stellar

Base logo

Base

Arbitrum logo

Arbitrum

T-Bills

Private credit

Real estate

Fund units

app.mintage.com/issuances/halden-pc-i/transfers

Mintage

Mintage

Overview

Register

1,204

Transfers

3

Distributions

Reserves

09:00

Documents

Issuances

Corran T-Bill Fund

Halden Private Credit I

Vale Street Logistics

Meridian Fund Units

Halden Private Credit I

/ Class A

Transfers

Distributions

ERC-3643 · Ethereum

Holder

Country

Type

KYC

Units

Arden Pension

LU

Pension fund

Valid

48,200

Kestrel Family Office

CH

Family office

Valid

12,050

Aster Capital

SG

Asset manager

Valid

12,050

Northlake Foundation

NL

Foundation

Valid

9,400

Brisa Mutual

PT

Insurer

Exp. 12 d

6,800

Transfer T-20418

Arden Pension → Kestrel Family Office · 1,200 units

Checking

⠋

->

Identity

ONCHAINID claim · KYC valid to 12 Mar 2027

✓ passed

->

Jurisdiction

LU → CH · allowed by rule 2

✓ passed

->

Lock-up

ended 20 Sep 2026

✓ passed

->

Holder cap

1,204 / 4,000 holders

✓ passed

Settled in 1 block · #21,904,119

Register updated

KF

Kestrel Family Office

Receiving holder · CH

Investor type

Professional

KYC

Valid · 12 Mar 2027

Wallet

0x7a3f…c41e

Holding

Units

12,050

Lock-up

None

Next payment

16 Nov 2026

Issues on

Ethereum logo

Ethereum

Polygon logo

Polygon

Avalanche logo

Avalanche

Stellar logo

Stellar

Base logo

Base

Arbitrum logo

Arbitrum

T-Bills

Private credit

Real estate

Fund units

app.mintage.com/issuances/halden-pc-i/transfers

Halden Private Credit I

Transfers

Distributions

Holder

Country

Units

Arden Pension

LU

48,200

Kestrel Family Office

CH

12,050

Aster Capital

SG

12,050

Northlake Foundation

NL

9,400

Brisa Mutual

PT

6,800

Transfer T-20418

Arden Pension → Kestrel Family Office · 1,200 units

Checking

⠋

->

Identity

ONCHAINID claim · KYC valid to 12 Mar 2027

✓ passed

->

Jurisdiction

LU → CH · allowed by rule 2

✓ passed

->

Lock-up

ended 20 Sep 2026

✓ passed

->

Holder cap

1,204 / 4,000 holders

✓ passed

Settled in 1 block · #21,904,119

Register updated

Issues on

Ethereum logo

Ethereum

Polygon logo

Polygon

Avalanche logo

Avalanche

Stellar logo

Stellar

Base logo

Base

Arbitrum logo

Arbitrum

T-Bills

Private credit

Real estate

Fund units

app.mintage.com/issuances/halden-pc-i/transfers

Halden Private Credit I

Transfers

Distributions

Holder

Country

Units

Arden Pension

LU

48,200

Kestrel Family Office

CH

12,050

Aster Capital

SG

12,050

Northlake Foundation

NL

9,400

Brisa Mutual

PT

6,800

Transfer T-20418

Arden Pension → Kestrel Family Office · 1,200 units

Checking

⠋

->

Identity

ONCHAINID claim · KYC valid to 12 Mar 2027

✓ passed

->

Jurisdiction

LU → CH · allowed by rule 2

✓ passed

->

Lock-up

ended 20 Sep 2026

✓ passed

->

Holder cap

1,204 / 4,000 holders

✓ passed

Settled in 1 block · #21,904,119

Register updated

KF

Kestrel Family Office

Receiving holder · CH

Investor type

Professional

KYC

Valid · 12 Mar 2027

Wallet

0x7a3f…c41e

Holding

Units

12,050

Lock-up

None

Next payment

16 Nov 2026

Mintage issues and services tokenized securities from one console: the register of holders, the rules every transfer must pass, and the distributions, reconciled with the custodian each morning.

Issued

$1.42B

Holders

4,901

Settlement

1 block

[Issuance]

From term sheet to first holder.

Twenty-one days.

We set up the vehicle, draft the offering with your counsel, deploy the token and open the register. Each step leaves a document you can read.

[Issuance]

From term sheet to first holder.

Twenty-one days.

We set up the vehicle, draft the offering with your counsel, deploy the token and open the register. Each step leaves a document you can read.

[Issuance]

From term sheet to first holder.

Twenty-one days.

We set up the vehicle, draft the offering with your counsel, deploy the token and open the register. Each step leaves a document you can read.

Day 1

TERM SHEET → FIRST HOLDER · HALDEN I

Started 03 Mar 2026 · First holder 24 Mar 2026

app.mintage.com/issuances/halden-pc-i/closing

->

Term sheet

signed by Halden Capital · Day 1

queued

->

SPV

Halden Private Credit I S.à r.l. opened · Day 7

queued

->

Legal opinion

Brennick & Vos · Day 11

queued

->

Investor docs

offering memorandum, subscription terms · Day 14

queued

->

Smart contract

HPC1-A deployed, 4 modules · Day 18

queued

->

Mint

240,000 units to the register · Day 21

queued

Day 1

TERM SHEET → FIRST HOLDER · HALDEN I

Started 03 Mar 2026 · First holder 24 Mar 2026

app.mintage.com/issuances/halden-pc-i/closing

1

Term sheet

2

3

4

5

6

7

SPV

8

9

10

11

Legal opinion

12

13

14

Investor docs

15

16

17

18

Smart contract

19

20

21

Mint

->

Term sheet

signed by Halden Capital · Day 1

queued

Document

Term sheet v4

Signed by

Halden Capital

Date

03 Mar 2026

Hash

0x3fa1…9c20

[Compliance]

A transfer asks four questions.

If one answer is no, nothing moves.

The rules live in the token, not in a spreadsheet. Your counsel signs the mapping from term sheet to module before anything is deployed.

[Compliance]

A transfer asks four questions.

If one answer is no, nothing moves.

The rules live in the token, not in a spreadsheet. Your counsel signs the mapping from term sheet to module before anything is deployed.

[Compliance]

A transfer asks four questions.

If one answer is no, nothing moves.

The rules live in the token, not in a spreadsheet. Your counsel signs the mapping from term sheet to module before anything is deployed.

Read as lawyer

Read as engineer

HALDEN PRIVATE CREDIT I · TERM SHEET § 7 ↔ HPC1-A COMPLIANCE

1

↔

Holders must hold a valid identity claim issued by an approved verifier.

identityRegistry.isVerified(to)

2

↔

Transfers are restricted to professional investors in the jurisdictions of Schedule 2, and to accredited investors in the US.

compliance.addModule(CountryAllow, [LU, CH, …])

3

↔

Notes may not be transferred for 180 days after issue.

compliance.addModule(TimeLock, 180 days)

4

↔

The register may not exceed 4,000 holders.

compliance.addModule(MaxHolders, 4000)

[Asset classes]

Treasuries, credit, buildings, funds.

Same register, same rules.

Each asset gets its own vehicle and its own rules. The register, the transfer checks and the payouts work the same way for all of them.

[Asset classes]

Treasuries, credit, buildings, funds.

Same register, same rules.

Each asset gets its own vehicle and its own rules. The register, the transfer checks and the payouts work the same way for all of them.

[Asset classes]

Treasuries, credit, buildings, funds.

Same register, same rules.

Each asset gets its own vehicle and its own rules. The register, the transfer checks and the payouts work the same way for all of them.

T-Bills

Private credit

Real estate

Fund units

The loading bay of a food distributor financed by private credit, one door open on a cold store.

92 of 96 lots placed · $240,000,000 of a $250,000,000 programme

placed

open

PRIVATE CREDIT · CLASS A

Halden Private Credit I

Yield

8.20%

Min. ticket

$100,000

Chain

Ethereum

Holders

1,204

Lock-up

180 days

T-Bills

Private credit

Real estate

Fund units

The loading bay of a food distributor financed by private credit, one door open on a cold store.

92 of 96 lots placed · $240,000,000 of a $250,000,000 programme

placed

open

PRIVATE CREDIT · CLASS A

Halden Private Credit I

Yield

8.20%

Min. ticket

$100,000

Chain

Ethereum

Holders

1,204

Lock-up

180 days

[Secondary market]

An order book only

eligible buyers can see.

Holders trade with holders. The book filters itself by who is looking, and every trade settles delivery-versus-payment in the same block.

[Secondary market]

An order book only

eligible buyers can see.

Holders trade with holders. The book filters itself by who is looking, and every trade settles delivery-versus-payment in the same block.

[Secondary market]

An order book only

eligible buyers can see.

Holders trade with holders. The book filters itself by who is looking, and every trade settles delivery-versus-payment in the same block.

app.mintage.com/markets/hpc1-a

HPC1-A / USDC · Class A

PRICE

UNITS

TOTAL

100.86

1,800

$181,548

100.78

2,400

$241,872

100.71

900

$90,639

100.64

3,100

$311,984

100.59

1,250

$125,738

100.55

3,200

$321,760

100.51

800

$80,408

100.48

1,100

$110,528

100.42

spread 0.06

100.42

2,400

$241,008

100.40

5,000

$502,000

100.38

1,600

$160,608

100.35

2,750

$275,963

100.31

900

$90,279

100.28

4,200

$421,176

100.22

1,300

$130,286

100.15

2,000

$200,300

View as

Qualified investor (LU)

Retail investor (EU)

TRADE JOURNAL

->

Match

1,100 units at 100.48

✓

->

Eligibility

buyer passes rules 1–4

✓

->

DvP

units and USDC in block #21,904,133

✓

Settled in 1 block

DvP

app.mintage.com/markets/hpc1-a

HPC1-A / USDC · Class A

PRICE

UNITS

100.64

3,100

100.59

1,250

100.55

3,200

100.51

800

100.48

1,100

100.42

spread 0.06

100.42

2,400

100.40

5,000

100.38

1,600

100.35

2,750

100.31

900

View as

Qualified investor (LU)

Retail investor (EU)

TRADE JOURNAL

Settled in 1 block

DvP

[Security]

What the custodian holds

equals what the chain says.

Every morning at 09:00 CET the custodian’s statement is reconciled with the tokens outstanding. An independent administrator signs the result.

[Security]

What the custodian holds

equals what the chain says.

Every morning at 09:00 CET the custodian’s statement is reconciled with the tokens outstanding. An independent administrator signs the result.

[Security]

What the custodian holds

equals what the chain says.

Every morning at 09:00 CET the custodian’s statement is reconciled with the tokens outstanding. An independent administrator signs the result.

app.mintage.com/reserves/corran-tbf

HELD AT LARKFIELD DEPOSITARY

$412,600,000

=

TOKENS OUTSTANDING

412,600,000 CTB

->

Fetch statement

Larkfield Depositary · 08:58 CET

queued

->

Read supply

CTB on Stellar

queued

->

Compare

Δ 0.00%

queued

->

Sign

Aldane Fund Services · 09:00 CET

queued

Attested · 19 Oct 2026

Reserves 100.00%

LAST 90 ATTESTATIONS

14 Aug · T+1 restatement · resolved

[Recovery]

Lose a key,

not the asset.

A regulated security can be frozen and reissued. When an investor loses access, we verify them again, freeze the old wallet and move their units to a new one.

[Recovery]

Lose a key,

not the asset.

A regulated security can be frozen and reissued. When an investor loses access, we verify them again, freeze the old wallet and move their units to a new one.

[Recovery]

Lose a key,

not the asset.

A regulated security can be frozen and reissued. When an investor loses access, we verify them again, freeze the old wallet and move their units to a new one.

ORDER R-2026-114 · FORCED TRANSFER · ART. 7 OF THE OFFERING TERMS

->

Order

signed by the transfer agent

queued

->

Freeze

0x71…3e2

queued

->

Reissue

1,200 units to 0x9c…a07

queued

LOST WALLET

ACTIVE

0x71…3e2

1,200 units

NEW WALLET

ACTIVE

0x9c…a07

0 units

Investor re-verified · ONCHAINID claim renewed 2 Oct 2026

ORDER R-2026-114 · FORCED TRANSFER · ART. 7 OF THE OFFERING TERMS

->

Order

signed by the transfer agent

✓ done

->

Freeze

0x71…3e2

✓ done

->

Reissue

1,200 units to 0x9c…a07

✓ done

LOST WALLET

FROZEN

0x71…3e2

0 units

NEW WALLET

CREDITED

0x9c…a07

1,200 units

Investor re-verified · ONCHAINID claim renewed 2 Oct 2026

[Case studies]

Fourteen issuances.

Not one late payment.

[Case studies]

Fourteen issuances.

Not one late payment.

[Case studies]

Fourteen issuances.

Not one late payment.

[Questions]

Read the answers

for your desk.

[Questions]

Read the answers

for your desk.

[Questions]

Read the answers

for your desk.

FOR ISSUERS

What does Mintage need to start?

A term sheet, the asset and a decision about who may hold it. We set up the vehicle with your counsel, map every restriction in the documents to a rule in the token and send you the mapping to sign. Halden Private Credit I went from term sheet to first holder in 21 days.

Which assets can we tokenize?

Assets with a clear owner, a value someone can verify and a vehicle that can issue securities against them: Treasury bills, loans, let property, fund share classes, warehoused commodities and verified carbon units. If the asset needs a new kind of vehicle, we say so before the mandate.

Who holds the legal title?

The vehicle does: the fund, the securitisation compartment or the partnership that owns the asset, with the asset held by an independent custodian. Investors hold the security that vehicle issues, and the token is the register entry that records them as holders.

FOR INVESTORS

How do I prove I'm eligible?

Once, through a verifier we accept. They check your identity, your country and your investor status and add signed claims to your on-chain identity, each with an expiry date. The same check serves every issue on Mintage you are eligible for.

What happens if I lose my keys?

You lose a key, not the asset. You verify your identity again and sign a recovery request; we freeze the old wallet and reissue your units to a new one linked to the same identity. It takes two business days on average.

When can I sell?

Once any lock-up in the issue's documents has ended, on Mintage Markets, to another eligible holder. Your order is visible only to buyers who would pass the issue's rules, and trades settle delivery versus payment the same day. A sale depends on finding a buyer.

FOR COMPLIANCE

Which rules are enforced on-chain?

The ones in the issue's documents, mapped one by one. By default: identity (a current KYC and AML claim), jurisdiction and investor type, lock-up dates and the holder cap. Each refused transfer is recorded with the rule that refused it.

Can a transfer be reversed?

A settled transfer is final. A position can be frozen or moved without the holder only on a documented instruction: a court order, a sanctions match, a lost-wallet recovery or an error correction. Forced transfers need two signers out of four, cite the instruction on-chain and are reported to the issuer the same day.

Who signs the daily attestation?

The issue's independent administrator, not Mintage. For Corran T-Bill Fund that is Aldane Fund Services, comparing Larkfield Depositary's statement with the CTB supply at 09:00 CET. The signed result is public; restatements are published next to the original.

FOR COMPLIANCE

Which rules are enforced on-chain?

The ones in the issue's documents, mapped one by one. By default: identity (a current KYC and AML claim), jurisdiction and investor type, lock-up dates and the holder cap. Each refused transfer is recorded with the rule that refused it.

Can a transfer be reversed?

A settled transfer is final. A position can be frozen or moved without the holder only on a documented instruction: a court order, a sanctions match, a lost-wallet recovery or an error correction. Forced transfers need two signers out of four, cite the instruction on-chain and are reported to the issuer the same day.

Who signs the daily attestation?

The issue's independent administrator, not Mintage. For Corran T-Bill Fund that is Aldane Fund Services, comparing Larkfield Depositary's statement with the CTB supply at 09:00 CET. The signed result is public; restatements are published next to the original.

[Your issuance]

Bring your first asset.
We’ll run the rest.

Tell us what you want to issue. We’ll come back with a structure, a timeline and the first payment date.

app.mintage.com/issuances/new

⠋

New issuance / Draft

Draft

->

Term sheet

unsigned · signature field open

->

SPV

vehicle opened when the term sheet is signed

queued

->

Legal opinion

counsel of your choice

queued

->

Investor docs

offering memorandum, subscription terms

queued

->

Smart contract

compliance modules from your rulebook

queued

->

Mint

units to the register

queued

Register in sync

⠋

Block #21,904,112

Last attestation 09:00 CET · reserves 100.00%

Illustrative figures

Illustrative figures. Mintage, its issuers and investors are fictional. Tokenized securities are offered only to eligible investors in permitted jurisdictions. This website is not an offer.

Register in sync

⠋

Block #21,904,112

Last attestation 09:00 CET · reserves 100.00%

Illustrative figures

Illustrative figures. Mintage, its issuers and investors are fictional. Tokenized securities are offered only to eligible investors in permitted jurisdictions. This website is not an offer.

Register in sync

⠋

Block #21,904,112

Last attestation 09:00 CET · reserves 100.00%

Illustrative figures

Illustrative figures. Mintage, its issuers and investors are fictional. Tokenized securities are offered only to eligible investors in permitted jurisdictions. This website is not an offer.

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