Custody attestation goes on-chain for the first mint

Custody attestation goes on-chain for the first mint

May 31, 2023: The custodian has attested Loozy’s settled shares on-chain, and with that attestation the mint controller is now armed for its first issuance. The reserve acquired earlier through Interactive Brokers is confirmed fully paid, and the attested count has been written to the chain as the ceiling on how much TICKERx can exist.

Attestation is the hinge of the whole design. A share sitting in custody is not enough; the chain has to learn about it in a form that cannot be faked. The custodian publishes the settled count on-chain, and only then can the mint controller issue a token against it.

The attested number is a hard cap, not a guideline. The mint controller checks it on every issuance and will not create a unit that pushes supply past the shares proven to exist. Issuance follows proof; it never runs ahead of it.

Loozy describes the sequence bluntly: custody before code, attestation before issuance. The reason to complete the reserve and the attestation first is that a token minted against an unconfirmed share is exactly the failure the system is built to make impossible.

Interactive Brokers handled the regulated execution and the custody rail for the underlying position; the custodian is the party that attests the settled shares on-chain. Neither the launchpad nor any trading contract can alter the attested count — they can only read it.

Loozy tokenizes exchange-listed micro-caps one for one on Robinhood Chain. One token equals one share, not one dollar; balances never rebase; and the backing invariant — supply times multiplier over 1e18 must stay at or below attested shares — is enforced at every mint.

The operator is Loozy Labs LLC, a Delaware entity and an independent memetic brand, not affiliated with any historical firm. Coverage is shown live, and anyone can read the attested shares and the token supply and confirm the invariant for themselves.

For eligibility and disclosures, see the docs and legal pages at loozy.market. NO US PERSONS · UNAUDITED PREVIEW.