05 / Operating Model

Risk Processing Architecture

From raw data to independently verifiable output.

01Data Intake

Exchange, on-chain, and custodian data normalized and validated at ingestion. Real-time.

Multi-venue aggregationSchema validationReal-time ingest

02Risk Engine

Real-time computation of exposure, leverage, VaR, and liquidity across all positions.

Real-time VaRExposure aggregationLiquidity scoring

03Policy Layer

Deterministic limit evaluation, breach detection, and approval workflows with immutable logging.

Limits engineBreach detectionImmutable audit trail

04Output Layer

IC-ready outputs generated directly from system state with cryptographic signing.

Keystone IC Pack generationLedger-sourced dataEd25519 signature

05Verification Layer

Independent validation via signed outputs, audit trails, and deterministic replay.

Offline verificationMerkle ledgerDeterministic replay