Help CenterNexBridge currently issues regulated digital assets — also referred to as on-chain instruments — that are designed primarily to provide documented market exposure to referenced markets through a defined methodology.
These instruments are not structured as direct legal ownership (1:1) of the referenced assets. Instead, their rights, limitations, pricing mechanics, and operational framework are defined exclusively in the official issuance documentation.
Each issuance is created under formal documentation, including a Relevant Information Document (RID), termsheet, and disclosures that specify:
- What the instrument references and how exposure is calculated
- The legal nature of the instrument
- Risks and limitations
- Eligibility requirements
- Transfer restrictions and compliance conditions
- Operational mechanics such as issuance and redemption (where applicable)
These instruments are issued within a regulated framework and are intended to provide transparent, documented exposure to markets that may otherwise be difficult to access directly.
Importantly, the instrument’s legal and economic characteristics are defined exclusively by its official documentation. Network availability or distribution rails — for example issuance on the Liquid Network — determine how the instrument is settled or distributed, but do not change what the instrument represents.
Tokenization and Pricing (Not 1:1 Ownership)
NexBridge instruments are not designed as simple 1:1 tokens representing a single unit of the underlying asset. Instead, they follow a defined pricing methodology, conceptually similar to exchange-traded products such as ETFs or ETPs in traditional finance.
This means:
- The token does not confer direct legal ownership of the underlying asset
- Market price may differ from the underlying spot price
- Methodology may include operational components such as cash buffers or adjustments
- Explicit fees may be incorporated into the valuation framework
Authoritative details on pricing, valuation, rescaling mechanisms, and fee treatment are provided in the instrument’s Relevant Information Document (RID) and official disclosures.
Fees and Revenue Model
Fees are designed to be transparent and disclosed in official documentation.
Depending on the instrument and access channel, fees may include:
- Issuance fees
- Ongoing operational or management fees (described in the RID or termsheet)
- OTC Desk execution and settlement fees for direct transactions
- Secondary-market trading fees, spreads, or venue charges set by the relevant Authorized Market Participant
- Network transaction costs (such as blockchain fees), determined by the settlement or distribution rail used
Yield, Interest, or Distributions
Economic features depend on the specific instrument.
Some issuances are designed solely to provide price exposure, meaning any gains or losses are reflected through the instrument’s valuation rather than periodic payments. Where yield, distributions, cash-flow rights, or corporate-action features apply, the mechanics are defined in the official documentation, including the RID and related disclosures.
Key Principle
The authoritative description of an instrument — including what it represents, how it is priced, applicable fees, risks, and any payout features — is always defined by its official documentation, not by the network on which it is issued or traded.