Whitepaper V10
Section 1: Executive Summary
RWA Tokens Platform Whitepaper · Version 10.0 Groovy Company, Inc. · May 2026 Document Reference: RWA-WP-001 v10.0
1.1 The Platform
The RWA Tokens platform is operated by Groovy Company, Inc. (Wyoming corporation; OTC: GROO; SEC EDGAR CIK 1499275; principal office 600 W Peachtree St NW, Suite 1700, Atlanta, GA 30308). It provides on-chain infrastructure for tokenizing equity in three asset classes — public and private equity securities, real-property assets, and US strategic-minerals supply-chain assets — under a single SEC Category 1 Model B compliance framework with runtime-enforced controls at the Solana SPL Token-2022 layer.
Issuer
Groovy Company, Inc. (Wyoming)
OTC ticker
GROO
SEC EDGAR CIK
1499275
Commission File No.
000-54938
Domicile
Wyoming (W.S. 34-29-101 et seq.)
Principal office
600 W Peachtree St NW, Suite 1700, Atlanta, GA 30308
Platform website
https://rwatokens.net
Trading venue
https://cedex.market
Custodian
Empire Stock Transfer (SEC §17A-registered)
Regulatory framework
SEC–CFTC Release No. 33-11412 (March 17, 2026), Category 5 Digital Securities, Category 1 Model B
Settlement
USDC and PYUSD per GENIUS Act
1.2 Three Production Modules — One Architecture
The platform's RWA Tokens product line consists of three production modules deployed under a single technical architecture:
Module 1 — Equities
OTC microcap, NASDAQ, AMEX, TSX, foreign-exchange equity
Common Class B
CUSIP
None (architectural baseline)
Module 2 — Real Estate
Commercial, multi-family, hospitality, mixed-use, land
SAE common stock (Single-Asset Entity)
Property ID
CB-21 NAV-deviation variant
Module 3 — CORECM
Carbon Ore, Rare Earth, Critical Minerals; basin-asset and processing facilities
BAE common stock (Basin-Asset Entity)
Basin ID
REG-42 federal-action variant
All three modules execute through the same 42-control immutable Transfer Hook plus their applicable module-aware extensions. The same Empire Stock Transfer §17A custody and onboarding gate covers all three modules. The same Global Unified Liquidity Pool serves all three modules. The same CEDEX trading venue serves all three modules.
This is not three separate products. It is one runtime-enforced compliance stack with module-aware extensions that plug into the immutable 42-control surface.
1.3 The Architectural Distinction — Compliance by Runtime, Not by Convention
The SEC Crypto Task Force and the January 28, 2026 Joint Staff Statement on Tokenized Securities draw a binary distinction between:
Category 1 Model B — Issuer-Sponsored Tokenization where DLT is the official register, custody is §17A-qualified, and compliance is enforced at the runtime layer
Category 2 — Third-Party Sponsored Tokenization where compliance is application-layer overlay code that can be bypassed
ERC-3643 (the dominant Ethereum tokenization standard, $32B+ tokenized over 8+ years) is a Category 2 architecture. Its transfer() function is bypassable; its admin functions (forceTransfer, freezePartialTokens, recoveryAddress) violate Pillar 7 (Token Standard Compliance — immutable, no admin override).
ST22 (the platform's tokenization product line, built on SPL Token-2022 Transfer Hook) is a Category 1 Model B architecture. It satisfies all seven pillars natively at the Solana runtime:
1
Direct Issuer Authorization
⚠️ off-chain only
✅ on-chain Empire onboarding gate
2
Official Shareholder Register on DLT
❌ token ledger is ERC-20 balances; off-chain reconciliation
✅ Empire MSF + SPL Token-2022 ledger reconciled per Solana slot
3
SEC §17A-Registered Qualified Custody
⚠️ possible but rare
✅ Empire architecturally required
4
True Equity Backing 1:1
⚠️ off-chain attestation periodic
✅ Custody Oracle Ed25519 attestation per slot
5
Clear Ownership Chain / Asset ID
⚠️ off-chain mapping
✅ on-chain CUSIP (M1) / property ID (M2) / basin ID (M3)
6
Investor Protection (compliance at every transfer)
⚠️ application-layer
✅ runtime-enforced 42 controls + module extensions
7
Token Standard Compliance (immutable, no admin override)
❌ proxy upgrades + admin functions
✅ Transfer Hook bound at mint creation; Certora E.4, E.6
Native score: ST22 = 7/7. ERC-3643 = 3/7. Section 14 documents the seven-pillar comparison in full.
1.4 The Three-Token Classification
The platform is associated with three distinct token classes with three distinct legal treatments:
1.4.1 GROO Utility Token
Classification: Release No. 33-11412 Category 1 (Digital Commodity) or Category 3 (Digital Tool) — not a security
Backing: None
Function: Ecosystem utility — staking discounts, governance rights post-graduation (2028+), transaction fee discounts
Distribution: Deterministic linear bonding curve starting at 0.000001 SOL; no pre-sale; no founder allocation; no treasury reserve; no ICO until governance-decided Scale phase Dutch auction
The GROO Utility Token is not an STO, not an ICO instrument, and not backed by Common Class B shares. The phrase "GROO STO" is categorically wrong.
1.4.2 Groovy Security Token (STO)
Classification: Release No. 33-11412 Category 5 Digital Security
Backing: Common Class B shares of Groovy Company, Inc. itself
Offering: $20M Reg D
Use of proceeds: Seeds the Global Unified Liquidity Pool via Solana Treasury
1.4.3 ST22 Digital Securities
Classification: Release No. 33-11412 Category 5 Digital Security
Backing: Common Class B (M1) / SAE equity (M2) / BAE equity (M3)
Function: Per-issuer per-module equity tokenization product line
Compliance: Full ST22 framework — 42 controls + module-aware extensions; HP-24; Empire onboarding; CEDEX-only trading
Offering exemptions: Reg D (US accredited), Reg S (non-US), Reg CF (US retail)
1.5 The Empire Stock Transfer Foundation
Empire Stock Transfer is the platform's exclusive SEC §17A-registered transfer agent and qualified custodian. Empire holds the underlying equity (Common Class B for M1, SAE equity for M2, BAE equity for M3) on a 1:1 basis behind every issued ST22 token across all three modules. Empire is the sole authority for ST22 investor onboarding (KYC, KYB, AML, OFAC/SDN screening, wallet verification, jurisdiction determination, accreditation under Reg D, Reg CF eligibility under JOBS Act §4(a)(6)).
The platform does not perform investor onboarding directly. The platform's investor portal routes to Empire's onboarding dashboard. After Empire approves an investor, Empire signs the wallet-verification attestation that Control IV-15 reads on transfer.
Empire's per-Solana-slot Ed25519 custody attestation (~400 ms cadence) is the architectural anchor for Pillar 4 (True Equity Backing, 1:1) — verified on every transfer by Control CV-01.
1.6 CEDEX as the Only Legitimate ST22 Venue
CEDEX Market (cedex.market) is the platform-operated trading venue. It is the only venue at which Transfer Hook controls and module-aware extensions execute correctly. External Solana DEXs (Raydium, Orca, Jupiter, Phoenix) cannot host ST22 mints — empirical beta validation in October 2025 confirmed they bypass all 42 controls. CEDEX is purpose-built around Transfer Hook semantics with two-layer architecture (centralized order matching + decentralized Solana settlement), custom Constant Product Market Maker (CPMM), and 5% total fee distributed across issuer (2%), staking rewards (1.5%), protocol (1.06%), and Global Pool permanent lock (0.44%).
CEDEX operates 24/7/365. There are no market hours. Settlement is atomic on Solana with ~400 ms finality.
1.7 The Global Unified Liquidity Pool
A single shared CPMM liquidity pool serves all three modules. The pool is initialized at platform genesis with seed liquidity from (1) Groovy Security Token (STO) $20M Reg D proceeds, (2) initial Staking Pool allocation, (3) the 0.44% permanent lock on all CEDEX transaction volume from inception, (4) investor secondary sale proceeds, (5) 2% staking reward reinvestment.
LP tokens representing the protocol's pool position are burned at inception. There is no withdrawal function. Certora invariant E.3 formally proves no execution path exists by which the pool's reserves can be debited to a withdrawal destination. This is the mathematical guarantee of non-rugpull.
Every CEDEX trade contributes 0.44% of trade value to the pool's permanent locked reserve. The pool deepens monotonically with platform volume across all three modules — a self-reinforcing cross-module network effect that no per-mint or per-issuer pool architecture can produce.
1.8 GENIUS Act Stablecoin Settlement
All ST22 purchases and CEDEX trades settle in USDC (Circle) or PYUSD (Paxos) under the federal GENIUS Act framework. No fiat wires; no native crypto (SOL, BTC, ETH). Stablecoin settlement provides:
Regulatory clarity under the GENIUS Act
Atomic on-chain settlement matched to ~400 ms Solana finality
Elimination of fiat wire-clearance latency (1–3 business days)
No counterparty risk on the settlement leg (USDC and PYUSD are 1:1 USD-backed with monthly reserve attestations)
1.9 Reg D / Reg S / Reg CF Triple Coverage
The platform operates under three offering exemption regimes, all natively enforced at the runtime layer per investor:
Reg D
US accredited
6 months (15,778,800 s)
Jurisdiction::RegD
Reg S
Non-US
12 months (31,536,000 s)
Jurisdiction::RegS
Reg CF
US retail crowdfunding
12 months (31,536,000 s)
Jurisdiction::RegCF
Holding periods are immutable timers stored in the per-investor-mint HoldingPeriodAccount PDA. The purchase_timestamp field is set exactly once at token delivery and is never written after. Certora invariant E.5 formally proves the timer cannot be shortened by any execution path.
1.10 Three-Module Addressable Market
OTC microcap equity
$50B+ underserved at the microcap end
Module 1
NASDAQ / AMEX / TSX-listed equity
Tens of trillions globally
Module 1
Foreign exchange equity
Multi-trillion; tokenization addressable subset growing
Module 1
Global real estate
$280T+; tokenization addressable subset emerging
Module 2
US critical minerals supply chain
Strategic priority under EO 14017, IRA, Energy Act of 2020; no public-chain platform competitive
Module 3
1.11 Document Roadmap
This whitepaper is structured in five parts:
Part I — Foundation
1–4
Executive Summary, Nine-Layer Architecture overview, Regulatory Framework, Three-Token Classification
Part II — Architecture
5–10
Solana, Transfer Hook, Modules 1/2/3
Part III — Custody, Oracle, Settlement
11–15
Empire Stock Transfer §17A, Oracle Network, CEDEX, Liquidity Pool, GENIUS Act stablecoin settlement
Part IV — Intelligence, Governance, Economics
16–18
Layer 9 IDOS, Governance, Tokenomics
Part V — Comparison, Security, Roadmap
19–23
ERC-3643 vs ST22, Security and formal verification, Beta validation and Alesia Doctrine, Roadmap, References
Sections 8, 9, and 10 dedicate full technical specifications to Modules 1, 2, and 3 respectively, including Rust/Anchor code, account schemas, oracle architectures, control table breakdowns, and reference use cases.
RWA Tokens Whitepaper V10 — Section 1 — Confidential — Groovy Company, Inc.
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