05 / Operating Model

Risk Processing Architecture

From raw data to independently verifiable output.

PROCESS TRACELIVE

[01] DATA INTAKEOK

Multi-venue aggregation

[02] RISK ENGINEOK

Real-time VaR

[03] POLICY LAYEROK

Limits engine

[04] OUTPUT LAYEROK

Keystone IC Pack generation

[05] VERIFICATIONACTIVE

Independent review

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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, backed by evidence bundles.

Keystone IC Pack generationLedger-sourced dataEvidence bundle

05Verification Layer

Independent validation via evidence-backed outputs, audit trails, and deterministic replay.

Independent reviewEvidence ledgerDeterministic replay