Mudara is built on a structured financial intelligence model that represents real-world assets as interconnected systems, not isolated tokens. Each instrument is decomposed into its underlying legal, operational, and on-chain components, enabling consistent analysis across issuers, jurisdictions, and asset classes.
"A token with metadata."
"A network of legal claims, operational dependencies, and blockchain representations."
This allows every asset to be analyzed consistently, regardless of issuer or structure.
Every RWA is composed of distinct but connected layers. Mudara models each layer independently, then connects them into a unified graph.
What is the instrument legally?
How is it issued and governed?
Where are the underlying assets held?
How is value determined?
How does exit / liquidity work?
Under what rules does it operate?
How is it represented digitally?
At the core of the system is a graph of financial entities — eight entity types, independently modeled, then connected.
Represents the underlying economic exposure. Examples: U.S. Treasury Bills, private credit portfolio, money market fund, real estate pool.
The legal entity responsible for issuance.
SPV / Fund / Trust — defines how assets are structured legally.
On-chain representation of the instrument.
Where underlying assets are held.
Defines how the instrument is priced.
Defines liquidity and exit mechanics.
Defines investor access and regulatory constraints.
The true value of Mudara is not in isolated attributes, but in how entities connect. This graph structure enables systemic analysis of risk, exposure, and comparability.
A simplified representation. Each element is independently modeled and machine-readable.
Issuer: Asset Manager A ↓ SPV: Money Market Fund Structure ↓ Token: On-chain share class ↓ Underlying Asset: - U.S. Treasury Bills - Cash deposits Custodian: - Tier 1 global custodian NAV: - Daily marked-to-market - Fed funds rate + spread Redemption: - T+1 settlement - USD or stablecoin payout Compliance: - Accredited investors only (US) - EU distribution restricted
This enables auditability at the level institutional users expect.
Every field must be source-linkable or verifiable.
Every entity must be versioned over time.
Every relationship must be explicit.
Every instrument must be decomposable.
Every update must preserve historical state.
Mudara exposes this model through API access, graph queries, a research interface, and structured exports.
Programmatic access to every field in the instrument graph.
Traverse dependencies between issuers, custodians, and oracles.
An institutional interface for exploring instruments directly.
Structured exports built for downstream risk and compliance workflows.
"What is this token?"
"Show all tokenized funds with bankruptcy-remote structures, T+1 redemption, and audited NAV within 30 days."
This is the foundation of Mudara.