Platform Overview

RENTOP RWA Studio

A GCC-native infrastructure project finance tokenization platform that transforms contracted-cashflow real assets into CMA-compliant digital securities — connecting sovereign-adjacent deal flow with global institutional capital.

USD 40–52B Addressable Market4–8 wksTime to Close67%Cost Reduction3 layersArchitecture💡The RENTOP thesis: Contracted or predictable cashflows from real assets with sovereign-adjacent counterparties in the GCC. Every asset class, instrument, and integration in this platform satisfies that single qualification test.

ARCH System Architecture

RENTOP is structured as three independent but composable layers. Each layer can be deployed standalone or as part of the full stack. The architecture is designed around a single constraint: every component must serve the cashflow-first qualification discipline.

rentop-platform · three-layer-stackUI / PortalsInvestor PortalWhite-Label PortalAdmin DashboardNDF / Sponsor ViewApplicationAsset OnboardingToken Issuance EngineDistribution Manager DSCR ModelingSPV FormationReporting & Analytics Blockchain Hedera HTSERC-3643 ComplianceSmart ContractsChainlink OraclesXRPL (secondary)IntegrationsREGA RER APIBSF Capital Rails Zerozilla KYC/AML Mintus DistributionSAMA Compliance Infrastructure Kubernetes (STC Cloud) PostgreSQL Node.js API GatewayPDPL Data Residency (KSA)

The Three-Layer Stack

The platform is built around three composable layers that map directly to the deal lifecycle — from asset qualification through to investor exit.

01Asset LayerReal operating infrastructure with contracted cashflows and sovereign-adjacent counterparties. The qualification gate for every deal.02Structure LayerCMA-compliant tokenization: SPV formation, DSCR modeling, Ijara sukuk structuring, and smart contract automation.03Compliance & DistributionBank-grade KYC/AML, institutional distribution via Mintus, and CMA/ADGM-approved secondary market liquidity.

1. Asset Layer: Real Operating Infrastructure

The Asset Layer enforces RENTOP's core qualification discipline: only assets with contracted or predictable cashflows from sovereign-adjacent counterparties are eligible for tokenization. This is the entry gate — not a filter applied post-structuring.

The Five-Question Qualification Test

Q1Contracted CashflowIs there a contract or regulatory obligation governing the cashflow? (PPA, lease, off-take, emissions regulation, service contract)Q2Sovereign-Adjacent CounterpartyIs the counterparty creditworthy and sovereign-adjacent? (PIF entity, government utility, regulated corporate, JEDCO, SPPC, SWPC)Q3Operational & ProvenIs the cashflow operational and proven — not projected? DSCR logic applies post-completion; LTC logic applies during construction phases only.Q4Legal StructurabilityCan the instrument be legally structured as a security in the relevant jurisdiction? (CMA KSA, FCA UK, CSSF Luxembourg, CIMA Cayman)Q5Shariah EquivalenceDoes a Shariah-compliant equivalent exist for Islamic investors? (Sukuk, Murabaha, Istisna'a — certified by recognized SSB)

Eligible Asset Classes

Real Estate (Residential / Commercial)Energy — Solar / Wind PPAWater & Utilities (SWPC PPP)Carbon Credits (Verified)Airport InfrastructureLogistics & Cargo HandlingSPPC Senior Debt Refinancing

2. Structure Layer — CMA-Compliant Tokenization

Once an asset passes the qualification gate, the Structure Layer handles the full legal, financial, and technical build-out — from SPV formation through to token minting. All instruments are designed to satisfy both conventional and Islamic investor requirements simultaneously.

Instrument Types

Instrument	Structure	Typical Use Case
Senior Debt Note	Tokenized project finance note, first lien	SPPC/SWPC refinancing, infrastructure debt
Ijara Sukuk	Usufruct of energy / real estate facility	Islamic tranche, GCC institutional allocation
Mezzanine Token	Subordinated to senior debt, senior to equity	Sponsor equity liquidity (e.g., solar PPA hybrid)
Income Token (LP)	Pro-rata cashflow distribution rights	Real estate portfolio fractional ownership
Carbon Receivable	Tokenized verified carbon credit stream	ESG-mandated funds, voluntary carbon markets

DSCR & Sizing Logic

UNDERWRITING LOGICdscr-model.yaml# RENTOP Debt Sizing Qualification post_completion: dscr_min: 1.25x # contracted cashflow only dscr_target: 1.35–1.40x merchant_rev: excluded # never included in DSCR base during_construction: ltc_max: 65–70% logic: "LTC replaces DSCR pre-COD" instrument_sizing: senior_note: "$50M–$500M per project phase" min_ticket: "SAR 10,000 (~$2,666)" tenor: "match PPA / lease duration (20–25 yr)"

3. Compliance & Distribution Layer

The third layer handles investor onboarding, regulatory compliance, and the full distribution stack — from primary issuance through to secondary market trading. It is jurisdiction-aware and designed to serve both conventional and Islamic institutional investors simultaneously.

KYC / AML: Zerozilla Co-Creation

Bank-grade identity verification co-built with Zerozilla, already in proof-of-concept with Indian banks under IFSCA regulatory cover. SAMA-compliant for Saudi qualified investors (≤50 investors, AUM >SAR 50M per CMA private placement rules).

Wallet-based identityReal-time income verificationCredit scoringFraud preventionSAMA-compliantCMA qualified investor check

Distribution Vehicles: Mintus Partnership

Vehicle	Regulator	Target Investor
Mintus AMC	FCA (UK) / CSSF (Luxembourg)	European & UK institutional
Cayman Exempted Fund	CIMA	International family offices, offshore funds
Luxembourg RAIF / ELTIF 2.0	CSSF	EU long-term infrastructure investors
CMA Private Placement	CMA (KSA)	Saudi HNWIs, family offices, PIF entities
ADGM / DFSA Token Offering	FSRA / DFSA	GCC institutional, Islamic finance desks

TECHTechnology Stack

Layer	Technology	Purpose
Blockchain	Hedera HTS	Token issuance, transfers — 10,000 TPS, carbon-negative, $0.0001/tx
Token Standard	ERC-3643 (T-REX)	Permissioned security token with on-chain identity enforcement
Secondary Chain	XRPL	Cross-border settlement, low-latency institutional transfers
Oracle	Chainlink + RedStone+Custom	Off-chain data bridge 3-oracle consensus, REGA/PPA official source
Smart Contracts	Solidity EVM	Payment waterfall automation, covenant monitoring, circuit breakers
Backend	Node.js + PostgreSQL	API gateway, business logic, unified interface for government APIs
Frontend	React PWA	Investor portal, admin dashboard, white-label config, mobile-first
KYC/AML	Zerozilla + Zyphe +(Chainalysis)	Identity verification + real-time AML transaction monitoring
Payments	BSF Capital / SADAD + Wallet Solution Provider	SAR fiat on/off-ramps, SAMA-compliant payment rails
Registry	REGA RER API/MoJ API	Deed verification and registry updates for Saudi real estate assets
Cloud / Infra	Kubernetes + STC Cloud	Saudi data residency (PDPL compliance), auto-scaling

Blockchain selection rationale: Hedera HTS was chosen over Ethereum/Polygon for three reasons: (1) 10,000 TPS vs. Ethereum's ~15 TPS, (2) predictable $0.0001/tx fees vs. volatile gas, and (3) carbon-negative footprint aligns with ESG mandates of infrastructure fund investors. XRPL serves as a settlement layer for cross-border institutional transfers where Hedera throughput is not required.

FLOW Cashflow Waterfall Logic

All instruments on the RENTOP platform follow a deterministic cashflow waterfall enforced by smart contract. The waterfall is configured at the time of SPV formation and cannot be modified without multi-signature approval from the SPV trustee, token holders' representative, and RENTOP compliance officer.

1. Contracted Revenue CollectionPPA tariff, rent payments, or offtake revenue collected via SADAD / BSF Capital rails into the SPV operating account. Oracle confirms receipt on-chain within T+1.

2. O&M and Operating ExpensesPre-approved operating cost schedule deducted first. Variance alerts trigger if actual O&M exceeds budget by >10%.

3. Senior Debt ServiceInterest + principal on senior bank debt (if present). DSCR calculated and logged on-chain. Minimum 1.25× required before proceeding to token distributions.

4. Token Holder DistributionsPro-rata distribution to token holders via smart contract. Frequency: quarterly (real estate) or semi-annual (infrastructure). Automatically converted to SAR via BSF rails before investor wallet credit.

5. Residual / Sponsor EquityRemaining cashflow after all senior obligations revert to sponsor equity. RENTOP platform fees (0.5% trading, 1.5% issuance) are collected at this stage, not deducted from token distributions.