When systemic tokenisation infrastructure begins production trades in mid-2026, every participating institution inherits a governance obligation that the rail itself cannot discharge. This brief sets out the stack Cabier operates above that rail, the six obligations it answers, and three partnership models for rail operators and institutional sponsors.
Every participating institution faces parallel obligations in 6+ jurisdictions that the rail's home authorisation does not cover.
3LOD evidence engine over tokenised securities — Multi-CBDC settlement, sovereign bonds, pension/SWF fiduciary controls, DeFi protocol risk registry.
Open standards: CDS data model, CEF cryptographically anchored evidence, COM ORS methodology, CTRE cross-chain Travel Rule envelope.
EU AI Act 5-step classifier, SR 11-7 model risk workflow, continuous bias and drift monitoring over models embedded in tokenised asset workflows.
Restricted-beta data product produced by the Protocol. Not a tradeable index. Distribution under the Cabier Foundation.
Every participating institution must answer these for its own board, internal audit, and home regulator — independent of any authorisation held by the rail operator.
For rail operators, institutional sponsors, and standards bodies. All models operate under the Cabier Foundation (Swiss Verein) governance.
This brief addresses Cohort A — tokenised securities, governed by securities law, anchored to the July 2026 DTCC launch. A second, distinct cohort is forming on a parallel timeline: tokenised deposits, governed by banking-supervisory and payment-system law, operating 24/7 across multiple competing institutions on one shared rail, targeting H1 2027. The Layer 5 vacancy is structurally wider in the deposit cohort.
Cohort B — Tokenised Deposits build-spec addendumWorking sessions are scheduled with rail operators, institutional sponsors, and regulator participants on a private basis. Please reference this brief in your enquiry.