Token model

Three tokens. Three different functions. One value model.

PLUS distinguishes value recognition, value usability and possible conversion through three instruments with different roles.

Token logic does not create value. It organizes and digitally represents value that has already been documented, validated and recognized.

Model architecture

Three distinct layers to separate value, use and conversion.

The model separates value coverage, operational use and technical conversion into three different instruments.

T-PLUS

Financial-digital safeguard of recognized value.

Treasury PLUS represents the coverage and safeguard layer of the value recognized by the system.

It is designed to support the sustainability and traceability of the underlying value.

Legal qualification under assessment

Reserved-placement digital debt financial instrument.

It is not

  • Operational token
  • Governance token
  • Daily-use instrument

PLUS

Operational token of the ecosystem.

PLUS is the token through which recognized value can be used within the PLUS REALISTIC MODEL ecosystem.

Its logic is connected to the coverage provided by T-PLUS and to the control mechanisms defined by the model.

Legal qualification under assessment

Asset-Referenced Token (ART).

It is not

  • Arbitrary creation of value
  • Promise of yield
  • Guarantee of immediate conversion

L-PLUS

Technical conversion token.

Liquidity PLUS supports technical conversion processes, operational liquidity and infrastructural interaction between the different layers of the model.

Legal qualification under assessment

Technical utility token.

It is not

  • Investment token
  • Governance token
  • Representation of the value covered by T-PLUS

From value to tokens

Token estimation comes after value recognition.

The system starts from documentary evidence and produces a structured valuation. Only after that, a token estimate is generated consistently with the model.

Institutional fintech visualization showing the transition from documented evidence to recognized value and token estimate
Evidence → Value → Token Estimate
1

Documentable evidence

2

Analysis and normalization

3

Validation

4

Recognized value

5

Token estimate

6

Preparation for digital representation

Regulatory approach

The model is developed with attention to possible regulatory classifications.

PLUS REALISTIC MODEL considers regulatory compliance a structural element of the project. Since 2025, research and discussion activities have been initiated to assess the possible legal classifications of the different components of the model. The classifications reported on this page represent design hypotheses and do not constitute authorizations, approvals or official classifications by the competent authorities.

Prudential note

This section does not present the model as already authorized or officially classified. It describes a design approach under review, subject to technical, legal and regulatory assessment.

From model to preview

See how evidence feeds the current token preview logic.

The Token Model page explains the architecture. The Upload Preview shows how evidence, valuation, reports and token estimation connect inside the current MVP flow, without representing an offering, a yield promise or a guaranteed conversion.

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