Approval group
Approval group
A set of people, or other approval groups, who approve an action together. Each group has a threshold such as 2 of 3 required. See Approval groups.
Asset-backed token
Asset-backed token
A token whose supply is backed by an asset held by a custodian, such as silver bars in a vault.
Attestation
Attestation
A statement, usually from a custodian, confirming the reserve that backs a token. Attestations older than 90 days are treated as stale.
Burn
Burn
Removing tokens from circulation when they’re redeemed.
Custodian
Custodian
The party that holds the asset backing a token.
Delegation
Delegation
Permission for a person or approval group to act for your organization on specific actions.
Denylist
Denylist
The platform’s list of participants and wallet addresses blocked from onboarding and new requests.
Disclosure
Disclosure
A public notice from an issuer: an attestation, an asset lifecycle event, an incident, or a policy change.
Investor
Investor
A person or organization that requests, holds, or redeems tokens.
Issuance
Issuance
A request to mint new tokens to an investor’s wallet. Also called a mint request.
Issuer
Issuer
An organization approved to list tokens on Universal Mint.
KYB
KYB
Know your business: verification of an organization’s legal and ownership details.
KYC
KYC
Know your customer: verification of a person’s identity.
Listing
Listing
An issuer’s request to offer a token on the platform. Approving a listing creates the token.
Mint
Mint
Creating new tokens, backed by assets held in custody.
Passkey
Passkey
A sign-in credential stored on your device and unlocked with Touch ID, Windows Hello, or a security key.
Platform halt
Platform halt
An emergency control that pauses all new requests across the platform. Balances and data are unchanged.
Proposal
Proposal
An action waiting for approval from an approval group. Its details are fixed when it opens.
Recovery phrase
Recovery phrase
A list of 12 or 24 words that lets you recover your account if you lose your passkey.
Redemption
Redemption
A request to return tokens for the underlying asset. Also called a burn request.
Reserve
Reserve
The assets a custodian holds to back a token’s supply.
Slug
Slug
An organization’s or approval group’s short name, used in links and invitations.
Workspace
Workspace
The view you’re working in: your personal account or one of your organizations. Switch between them from the workspace menu.