Vault Architecture and Features

Vault Smart Contracts (Core System)

A vault is Raze's core investment product - an onchain system that sits at the center of the lifecycle and acts as the single source of truth for all investment activity.

Think of a vault as a digital investment fund without being a legal fund that:

1. Ties to Off-Chain Real Assets: Physical commodities, private credit, equity stakes, or trade finance instruments
2. Generates Cash Flows: Revenue from asset operations (sales, interest, rent, etc.) from off-chain activity
3. Distributes Yields: Quarterly payments to token holders based on performance of off-chain activity
4. Operates On-Chain: Blockchain-based tracking of ownership, yields, and redemptions
5. Maintains Compliance: Built-in KYC/AML, accreditation, and regulatory controls

A vault is responsible for:

• Receiving and holding all onchain funds (from both investors and asset issuers)
• Minting and burning RWA tokens that represent investor positions
• Enforcing rules around deposits, withdrawals, and token supply
• Processing distribution requests and coordinating payouts
• Restricting all fund movement to predefined contract logic

All capital flows—whether coming from investors or being deployed into yield strategies—must pass through this contract system, ensuring transparency and eliminating unilateral control.

User Interaction Layer (Deposits, Redemptions, Token Accounting)

This layer connects investors to the vault and handles all user-facing actions.

• Responsive web application accessible from any modern browser
• Role-specific interfaces for investors, issuers, and platform administrators
• Real-time data updates for portfolio and vault status information
• Wallet connection interface supporting multiple wallet providers

It is responsible for:

• Accepting investor stablecoin deposits in exchange for RWA tokens
• Calculating token issuance based on vault value
• Processing redemption requests (burning tokens and returning capital)
• Tracking investor balances, yield accrual, and entitlement to distributions

From the diagram:

• “Investor stakes / buys tokens” → enters here
• “Tokens received” → issued from here
• “Distributions” → routed back to the investor through this layer

This layer ensures users have a clear, real-time view of their position and expected returns.

Manager Layer (Capital Deployment & Off-Chain Coordination)

This layer acts as the bridge between the onchain vault and offchain asset activity.

It is responsible for:

• Executing capital deployment into real-world yield strategies
• Sending funds from the vault to issuer-controlled wallets (e.g., treasury wallet)
• Coordinating with asset owners who generate yield
• Managing liquidity to satisfy withdrawals and distributions
• Initiating distribution flows back into the vault

From the diagram:

• Funds move from the vault → issuer treasury wallet → yield strategy
• Yield and principal flow back → distribution wallet → vault → investors

This layer ensures that capital is actively deployed while maintaining enough liquidity for redemptions.

Other System Layers

Services Layer

• API services handling authentication, investment operations, and data retrieval
• Business logic for yield calculations, vault management, and compliance checks
• Session management with secure token-based authentication
• Configuration system that adapts vault behavior based on product type and network

Data Layer

• Secure storage of user profiles, KYC data, and investment records
• Vault configuration and lifecycle state management
• Compliance data including investor classifications and regional rules
• Historical transaction and performance data for reporting

Wallet Infrastructure

Fireblocks and Dynamic.xyz provides the wallet infrastructure for Raze.

This infrastructure offers:

• Social login (email, Google, Apple)
• Embedded wallet creation
• Multi-chain support
• Account recovery without seed phrases

User arrives at Raze Reserve

│

▼

┌───────────────────────┐

│ Choose Login

│ • Email

│ • Google

│ • Apple

│ • External Wallet

└───────────────────────┘

│

▼ (Email/Social)

┌───────────────────────┐

│ Wallet Created

│ Automatically

└───────────────────────┘

│

▼

┌───────────────────────┐

│ Ready to Invest

└───────────────────────┘

How It All Connects (Lifecycle View)

Putting it together based on the diagram:

1. Vault Creation
2. • Raze deploys a dedicated vault smart contract system
   • RWA tokens are defined with specific rights (principal, yield, term)
3. Investor Entry
4. • Investors deposit stablecoins
   • Vault mints RWA tokens representing their position
5. Capital Deployment
6. • Manager layer routes funds to issuer treasury
   • Capital is deployed into yield-generating strategies
7. Yield Generation & Return
8. • Yield flows back through issuer distribution wallet
   • Returned to the vault smart contracts
9. Distributions
10. • Vault processes distribution requests
    • Investors receive yield (and eventually principal)
11. Redemption
12. • Investors return tokens
    • Tokens are burned and capital is withdrawn

Other Key Features to the Platform and Service Offering:

Vault-as-a-Service

A first-of-its-kind onboarding platform for both Asset Managers, Issuers and Investors, offering white-glove service. The service also includes the option to leverage our Raze Reserve segregated portfolio model for faster and cheaper go-to-market capabilities saving issuers and asset owners tens of thousands in legal fees and onboarding costs.

Compliance-First Design

Built-in identity verification, regional compliance controls, and investor eligibility checks ensure every interaction meets regulatory standards. Compliance is embedded at the platform level, not added as an afterthought. Vault-level compliance enforces KYC, KYB, and accreditation rules.

Role-Based Access

Distinct roles for investors, issuers, and platform administrators — each with tailored dashboards, controls, and permissions. Every user sees exactly the tools and information relevant to their role.

Real-Time Portfolio Tracking

Investors and administrators have access to live dashboards displaying holdings, accrued yields, and investment performance. All data is consolidated across networks and vault types for a complete picture.