Light Paper V10

Equities (ST22) · Real Estate · CORECM · Version 10.0 · May 2026

Open Source · Public Domain · Free to Distribute

RWA Tokens is institutional-grade infrastructure for tokenizing real-world assets across three asset-class modules — equity securities, commercial real estate, and carbon ore, rare earth and critical minerals — on a single Solana-native compliance kernel. We do not circumvent securities law; we automate its enforcement at runtime with mathematical precision, on every transfer, in every module.

1. The Platform — Three Modules, One Compliance Kernel

Real-world asset tokenization has fragmented into single-asset-class platforms — one for equities, another for real estate, another for commodities. Each rebuilds the same compliance, custody, and trading infrastructure from scratch. RWA Tokens consolidates all three behind one Transfer Hook compliance kernel, one qualified custodian (Empire Stock Transfer), and one trading venue (CEDEX).

Three Modules

Module	Asset Class	Backing Instrument	Reference Price
Module 1 — ST22 Digital Securities	Equities — OTC microcap, NASDAQ, AMEX, TSX, and all global exchanges	1:1 issuer Common Class B (Empire custody)	Pyth TWAP
Module 2 — Real Estate Tokens	Commercial and investment-grade real property	Common Class B in property-holding Nevada corporation (Empire custody)	Independent appraiser NAV (cadence-based)
Module 3 — CORECM Tokens	Carbon Ore, Rare Earth & Critical Minerals revenue interests	Operator Common Class B or royalty assignment units (Empire custody)	SPE-PRMS reserve attestation

Why a Single Compliance Kernel Matters

Every module shares the same 42 SPL Token-2022 Transfer Hook controls enforced at Solana runtime, the same Empire-attested custody verification cadence (~400ms per block), the same OFAC/SDN screening, the same Chainalysis + TRM Labs AML scoring, and the same Reg D, Reg S, and Reg CF offering exemptions. An issuer who clears compliance for one module clears it for all three. An investor onboarded by Empire for one module is whitelisted for all three.

2. The Solution — Permanent Markets, Three Asset Classes

RWA Tokens creates tokenized representations of real-world assets, formally classified as Digital Securities under SEC Release No. 33-11412 (March 17, 2026), backed 1:1 by underlying instruments held in custody at Empire Stock Transfer, an SEC-registered transfer agent and qualified custodian.

Investors trade tokens on CEDEX, our purpose-built compliant exchange, 24 hours a day, 7 days a week, 365 days a year. We are creating institutional-grade markets for asset classes that have historically suffered from fragmented liquidity, manual settlement, and opaque pricing.

Issuance Process — Identical Across All Three Modules

Step	Who Acts	What Happens
1. Issuer Applies	Company / Issuer	Submits application via the RWA Tokens Issuer Gateway with module designation (M1, M2, or M3)
2. Due Diligence	Empire Stock Transfer	Corporate KYC, officer verification, legal review by Legal Counsel, module-specific eligibility checks
3. Backing Instrument Custodied	Empire Stock Transfer	M1: Common B shares; M2: Common B in Nevada property corp; M3: Common B or royalty units — 1:1 to tokens
4. Tokens Minted	RWA Tokens Protocol	Module-tagged Digital Securities created on Solana with 42 baseline + module-conditional Transfer Hook controls
5. Reg D, Reg S, or Reg CF Offering	Empire Stock Transfer	Investors complete KYC/KYB/AML/OFAC/Wallet Verification — Empire is sole onboarding authority. Reg D for US accredited; Reg S for non-US; Reg CF for US retail.
6. Trading Opens	Investors	Empire-verified investors trade tokens on CEDEX — 24/7, globally
7. Issuer Receives Proceeds	Issuer	95% of gross subscription proceeds remitted to issuer in USD via stablecoin settlement (USDC / PYUSD)
8. Redemption	Token Holder	Holder may redeem tokens for underlying custodied instrument via Empire at any time

3. The Technology — Nine Layers. One Kernel. Three Modules.

RWA Tokens is built on Solana — 65,000 transactions per second, near-zero fees (~$0.00025 per transfer). Our platform adds nine specialized layers, each solving a specific part of the compliance, custody, and liquidity problem. The same nine layers serve all three modules; module-conditional logic applies only at the oracle and Transfer Hook layers (Layers 6 and 2).

Layer	Name	What It Does
Layer 1	Solana Foundation	65,000 TPS settlement layer · ~400ms finality · the only chain with native Transfer Hook support
Layer 2	Transfer Hooks — 42 Controls	42 baseline + module-conditional security controls enforced atomically inside the Solana runtime on every transfer — mathematically impossible to bypass
Layer 3	Global Unified CEDEX Liquidity Pool	Single protocol-owned liquidity pool shared by all RWA Tokens issuers · LP tokens burned at inception — withdrawal impossible
Layer 4	Custom AMM Engine	Purpose-built CPMM with u128 arithmetic for compliant Digital Securities — module-aware pricing (Pyth TWAP for M1; appraisal NAV + 22% premium for M2; reserve-implied valuation for M3)
Layer 5	CEDEX Exchange	The only trading venue where SPL Token-2022 Transfer Hook compliance is preserved on every trade across all three modules
Layer 6	Oracle Network	Real-time custody attestation (all modules) · OFAC + AML + TWAP (shared) · independent appraiser NAV (M2) · qualified petroleum/mining engineer reserve attestation (M3) · SEC EDGAR (M1)
Layer 7	Protocol Governance	3-of-5 multi-sig (adjustable params) · 5-of-9 multi-sig (upgrades) · 42 Transfer Hook controls immutable across all modules
Layer 8	Wallet Infrastructure	Native iOS/Android securities wallet · KYC/AML at onboarding · Ledger/Trezor hardware wallet support
Layer 9	Predictive AI Module	Scans 15,000+ OTC companies daily (M1) · IDOS scoring · expanding to property and basin-asset opportunity scoring for M2/M3

42 Controls on Every Transfer — The Security Model

Every token transfer triggers Transfer Hook controls that execute inside the Solana runtime before the transaction completes. These are not policies — they are protocol invariants. Any control failure auto-reverts the entire transaction. There is no bypass path. Module-conditional controls (appraisal currency for M2, reserve attestation for M3) layer on top of the 42 baseline controls.

Control Category	What It Enforces
Identity & Compliance (Controls 1–15)	KYC status · accreditation verification · AML risk scoring · OFAC/SDN screening · Empire-verified wallet whitelist
Market Integrity (Controls 21–26)	Circuit breaker (>10% move in 5 min) · 2% price impact limit · velocity limits · Rule 144 holding period (Control 24)
Custody Verification (Controls 27–30)	Module-aware 1:1 token-to-backing attestation verified every ~400ms via Empire — share count for M1/M2, share or royalty unit count for M3
Module-Conditional (M2 / M3)	M2: Real-estate appraisal currency (90/180/365-day cadence) · M3: SPE-PRMS reserve attestation currency (90-day cadence) · ineligible reserve class rejection
Governance & Regulatory (Controls 31–42)	Multi-sig parameter governance · regulatory compliance freeze (Control 42 — Legal Counsel authorization required)

4. The Market Opportunity

Adding Real Estate (Module 2) and CORECM (Module 3) expands the addressable market by orders of magnitude beyond the original equity securities mandate. Each module addresses an asset class with documented liquidity, settlement, and compliance friction.

Module	Addressable Market	Source / Methodology
Module 1 — Equities	$50B+ illiquid US OTC microcap and listed-but-fragmented international equities	OTC Markets Group filings · SEC EDGAR · internal IDOS scoring across ~15,000 OTC companies
Module 2 — Real Estate	$20T+ US commercial real estate; $4T+ in fragmented private market segments	BEA, NAREIT, MSCI Real Estate Indices · Preqin private real estate AUM
Module 3 — CORECM	$300B+ US strategic-minerals supply chain across critical minerals, REE, and carbon-ore-derived REE recovery	USGS Mineral Commodity Summaries · DOE Critical Materials Strategy · IRA Section 45X / 30D modeling

Revenue Model — 5% Transaction Fee on All Module Transactions

RWA Tokens charges a 5% fee on every Digital Securities transaction across all three modules — applied identically at the primary offering phase (Reg D, Reg S, or Reg CF capital raise) and on all secondary market trading on CEDEX. There are no subscription fees, listing fees, or access fees.

Fee Component	Rate	Mechanism
Global Unified CEDEX Liquidity Pool	0.44% of each transaction	Permanently locked by immutable Transfer Hook — not withdrawable by any party ever; LP tokens burned at inception
RWA Tokens platform revenue	4.56% of each transaction	Funds infrastructure, compliance, development, and staking rewards
Issuer secondary market share	None	Issuers receive 95% of primary raise proceeds only — no ongoing secondary fee share

Five-Year Revenue Projection (Multi-Module)

Year	M1 Issuers	M2 Properties	M3 Basin-Assets	Total Annual Volume	Protocol Revenue (5%)
Year 1	50	5	2	$200M	$10.0M
Year 2	200	30	10	$850M	$42.5M
Year 3	500	100	30	$2.20B	$110.0M
Year 4	1,000	250	75	$4.60B	$230.0M
Year 5	2,000	500	150	$9.00B	$450.0M

Issuer Economics

Issuer Pays	Issuer Receives
$1,000–$25,000 one-time minting fee (module-dependent)	Permanent, compliant, 24/7 secondary market on CEDEX for the underlying asset
Backing instrument custodied at Empire (shares, NV-corp shares, or royalty units)	95% of primary Reg D, Reg S, or Reg CF offering proceeds in USD (5% fee deducted at close)
15–21 business days (Module 1) · 21–45 days (Module 2) · 45–90 days (Module 3)	Access to Empire Stock Transfer’s full KYC/KYB/AML investor onboarding infrastructure

5. Regulatory Posture — Embrace, Don’t Evade

RWA Tokens’ competitive advantage is radical regulatory transparency. While other tokenization projects try to avoid securities classification, we built our entire architecture around it. Tokens issued through any of the three modules are formally classified as Digital Securities under federal law from inception.

SEC Release No. 33-11412 (March 17, 2026) · SEC Joint Staff Statement on Tokenized Securities (January 28, 2026): “The format in which a security is issued or the methods by which holders are recorded (onchain vs. offchain) does not affect application of the federal securities laws.”

These statements directly validate the SEC Category 1 Model B architecture used across all three modules: Empire Stock Transfer maintains the authoritative master securityholder file; the Solana blockchain serves as the operational notification layer.

Regulatory Framework	RWA Tokens Implementation
SEC Category 1 Model B	Empire Stock Transfer = authoritative master securityholder file · Solana = notification layer (all modules)
Release No. 33-11412 — Digital Securities	All module tokens formally classified as Digital Securities — the authoritative classification governing CEDEX trading
Reg D (US accredited investors)	Primary offering to verified accredited investors · general solicitation permitted · Form D within 15 days
Reg S (non-US investors)	Non-U.S. investor offshore transaction framework · 12-month compliance period enforced by Transfer Hook Control 24
Reg CF (US retail crowdfunding)	Form C filed via FINRA-registered funding portal · $5M annual cap · per-investor limits enforced by Transfer Hook · 12-month resale restriction (Control 24)
Bank Secrecy Act / AML	Full KYC/KYB/AML at investor onboarding by Empire + Chainalysis KYT + TRM Labs on every transfer
OFAC Sanctions	Real-time three-layer SDN screening on both counterparties to every transfer
Transfer Agent Regulation	Empire Stock Transfer (SEC §17A registered) holds custody · RWA Tokens holds no investor assets directly
GENIUS Act (Stablecoin Settlement)	All primary and secondary settlement in USDC or PYUSD via Solana Treasury — no fiat wire, no crypto-native tokens
S-K Subpart 1300 (M3 only)	CORECM reserve attestations per SPE-PRMS or CRIRSCO-aligned codes (JORC, NI 43-101, SAMREC, PERC); only Proved 1P / Measured eligible
USPAP (M2 only)	Real Estate appraisals signed by state Certified General Appraisers; cadence enforced on-chain (90/180/365 days by property class)

6. The Team

Name	Title	Role
Frank Yglesias	Chairman & CTO (Groovy Company); CEO & Chairman (Pineapple Express)	Sole director of both entities · protocol vision · technology architecture · Solana development · Transfer Hook infrastructure · investor relations
Patrick Mokros	COO (Groovy Company); Founder, Empire Stock Transfer	Operations · custody and transfer agent infrastructure · investor onboarding authority · regulatory relationships · the structural bridge between RWA Tokens and SEC §17A custody
Jhony Navarro	Engineering	Solana program development · CEDEX exchange engine · oracle relay services
Legal Counsel	Legal Counsel	Legal framework · Reg D, Reg S, and Reg CF compliance · SEC Crypto Task Force engagement · country-specific rollout

Key Technology Partners

Partner	Role
Empire Stock Transfer	SEC §17A-registered transfer agent and qualified custodian · sole investor onboarding authority across all three modules · authoritative master securityholder file · founded by Patrick Mokros (RWA Tokens COO)
Helius RPC	Dedicated Solana RPC cluster · sub-400ms oracle sync · real-time WebSocket state feeds
Chainalysis KYT + TRM Labs	AML blockchain analytics · 200+ feature ML risk scoring on every wallet and transaction
Pyth Network	High-frequency on-chain price oracles · manipulation-resistant TWAP data for circuit breakers (all modules)
Jito Labs	MEV protection · private transaction bundle submission · eliminates sandwich attacks on CEDEX
Certora	Formal verification of mathematical invariants pre-mainnet (no unauthorized minting, 1:1 module-aware backing, etc.)
Independent USPAP Appraisers (M2)	State Certified General Appraisers signing on-chain appraisal attestations for Real Estate tokens
Qualified Petroleum / Mining Engineers (M3)	SPE / SME credentialed engineers signing on-chain reserve attestations per SPE-PRMS or CRIRSCO codes

7. The Groovy Security Token (STO)

The Groovy Security Token is a 100% security token backed 1:1 by Common Class B Shares of Groovy Company, Inc. held at Empire Stock Transfer — not a utility token, not a meme coin. STO proceeds seed the Global Unified CEDEX Liquidity Pool via the Solana Treasury, providing baseline liquidity across all three modules (Equities, Real Estate, CORECM).

Parameter	Details
Issuer	Groovy Company, Inc. (Wyoming)
Total Supply	1,000,000,000 GROO Security Tokens
Token Price	$0.02 per token
Offering Size	$20,000,000 (Reg D, Reg S, and Reg CF)
Minimum Investment	Reg D / Reg S: $5,000 USD · Reg CF: per-investor limits per SEC rules
Backing	1:1 Common Class B Shares · Empire Stock Transfer custody
Settlement	USDC / PYUSD via Solana Treasury (GENIUS Act)
Use of Proceeds	Seeds Global Unified CEDEX Liquidity Pool · funds platform infrastructure across three modules
Listing Venues	Traditional centralized exchanges (Binance, Kraken, Coinbase) — not DeFi liquidity pools
Digital Securities Classification	SEC Release No. 33-11412 · Category 1 Model B

8. Why RWA Tokens Wins — The Competitive Moat

Moat	Why It Is Defensible
Single Compliance Kernel, Three Asset Classes	Competitors specialize in one asset class. RWA Tokens runs Equities, Real Estate, and CORECM on one Transfer Hook program, one custodian, one venue — issuer onboarding clears all three modules; cross-asset liquidity pooling becomes possible.
Transfer Hook Architecture	External DEXs (Raydium, Orca, Meteora) disable Transfer Hooks — they literally cannot support module-tagged Digital Securities. CEDEX is the only compliant venue. This is architectural, not contractual.
First-Mover Regulatory Clarity	Release No. 33-11412 and the Category 1 Model B framework are new (2026). RWA Tokens is already built to them. Competitors start from zero.
Permanent Liquidity Lock	Global Unified CEDEX Liquidity Pool LP tokens are burned at initialization. No party — including RWA Tokens — can ever withdraw this capital. Mathematical guarantee, not policy. Liquidity is shared across all three modules.
Module-Aware Custody Attestation	Empire signs module-discriminated Ed25519 attestations every Solana block (~400ms). Cross-module attestation forgery is rejected at runtime (Error 6043). No competitor has this.
EDGAR + Cross-Module Data Moat (Layer 9 AI)	Years of EDGAR + OTC Markets data (M1) plus appraisal-history data (M2) and reserve-attestation history (M3) creates a proprietary IDOS scoring model that compounds with every new issuer. Cannot be bought or replicated without equivalent operating history.
Empire Stock Transfer Integration	Exclusive SEC-registered transfer agent providing legal certainty that self-custody models legally cannot achieve. Empire's founder (Patrick Mokros) is RWA Tokens' COO — structural alignment, not arms-length partnership.

9. Get Involved

FOR ISSUERS — Tokenize Your Asset on RWA Tokens

If you are an OTC microcap, internationally listed equity, commercial property owner, or critical-minerals operator, RWA Tokens can create a permanent, compliant, 24/7 trading market for your underlying asset class — typically in weeks, not quarters.

· Investment: $1,000–$25,000 USD one-time minting fee (module-dependent) · issuer receives 95% of primary raise proceeds in USD

· Timeline: 15–21 business days (Module 1) · 21–45 days (Module 2) · 45–90 days (Module 3, includes reserve attestation)

· Requirements (Module 1): SEC-registered or foreign-listed entity · Empire Stock Transfer as custodian · KYC/AML verification by Empire

· Requirements (Module 2): Nevada corporation (LLC→Corp conversion if needed) · independent USPAP appraisal · Empire custody

· Requirements (Module 3): Operator entity · SPE-PRMS or CRIRSCO-aligned reserve report (Proved 1P / Measured) by qualified engineer · Empire custody

· Offering exemptions: Reg D (US accredited), Reg S (non-US), or Reg CF (US retail) — issuer selects based on raise structure

· Contact: [e-mail] · [e-mail]

FOR INVESTORS — Trade Tokenized Real-World Assets on CEDEX

Access three asset classes through one verified wallet: tokenized equities, fractionalized commercial real estate, and revenue interests in US strategic minerals. Trade 24/7 with mathematical protections traditional exchanges cannot provide.

· Eligibility: Accredited investor verification by Empire Stock Transfer for Reg D · non-US verification under Reg S · per-investor SEC limits for Reg CF (US retail)

· Wallet: Native iOS / Android securities wallet · Phantom · Solflare · Backpack · Coinbase Wallet · Ledger / Trezor

· Trade on CEDEX at cedex.market

Contact & Resources

Channel	Address
General / Investors	[e-mail]
Issuer Applications	[e-mail]
Platform Website	rwatokens.net
Technical Whitepaper (V10.0)	rwatokens.net/whitepaper
Issuer Gateway	rwatokens.net/issuers
CEDEX Trading Venue	cedex.market
Principal Office	600 W Peachtree St NW, Suite 1700, Atlanta, GA 30308
Domicile	Wyoming
SEC EDGAR CIK	1499275 · OTC Ticker: GROO

© 2026 Groovy Company, Inc. All rights reserved.

Open Source · Public Domain · Free to Distribute · Version 10.0 · Wyoming Corporation · CIK: 1499275 · OTC: GROO

Disclaimer

This document is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Tokens issued through any RWA Tokens module are offered exclusively to verified accredited investors under SEC Reg D and Release No. 33-11412, to non-U.S. investors under Reg S, or to U.S. retail investors under Reg CF subject to per-investor SEC limits. Investment in Digital Securities involves significant risk, including possible loss of the entire investment. Past beta validation results (Module 1) are not indicative of future performance for any module. Real Estate (Module 2) tokens are subject to property-specific risk including market, location, and condition risk; appraised NAV is an estimate and may differ materially from realizable value. CORECM (Module 3) tokens are subject to commodity-price risk, geological reserve-revision risk, regulatory permitting risk, and the inherent uncertainty of reserve estimates even at SPE-PRMS Proved 1P or JORC Measured classifications. Groovy Company, Inc. is a Wyoming Corporation (CIK: 1499275).