Pillar 02 / Trading / Design preview

A neutral Canadian trading venue for tokenized assets, with settlement finality at commit.

Title, cash, and rules travel together. One write to the canonical ledger, or none.

4ormEx is the trading-venue surface inside the 4orm Finance neutral settlement layer. Permissioned matching, eligibility checked pre-trade, settlement on the same write as the match. Built inside the Canadian regulatory perimeter, not adjacent to it.

Asset categories
6
at venue launch · illustrative
Settlement target
T+0
delivery versus payment
Cash leg
Bank token
commercial-bank deposit
Eligibility
Pre-trade
checked before match
Illustrative venue view Simulated · not a live market · for design preview only
14:32:18 ET | tGCB / CAD
tGCB Government of Canada T-Bill · 90d Sovereign
C$ 99.82 ▲ 0.18% · +0.18 24h
24h volumeC$ 412.6M
24h high99.84
24h low99.74
SpreadC$ 0.02
SettlementT+0 DvP
CustodyQualified
Price · 24h 1H 24H 7D 1M 1Y
Order book · L2 Top 3 levels
Price (C$) Size Total
99.843,50016,200
99.837,20012,700
99.825,1005,500
Spread C$ 0.02 · 2 bp
Mid 99.81
99.808,4008,400
99.795,72014,120
99.783,80017,920
Recent trades 5 most recent · simulated
14:32:1899.825,100BUY
14:32:1499.812,400BUY
14:32:0799.803,800SELL
14:31:5499.811,200BUY
14:31:4299.816,400BUY
The settlement layer · six capabilities

One perimeter. Six capabilities. 4ormEx is Pillar 02.

The canonical ledger of record sits at the platform level. 4ormEx operates Trading. The other five capabilities run as siblings inside the same neutral settlement layer.