4orm Finance is institutional settlement infrastructure for Canadian capital markets. Every capability below is a pillar of the same settlement layer: issuance, trading, settlement, custody, reporting, and supervision. They share one identity layer, one ledger, one supervisory feed, one regulator-aligned reporting surface. The whole is what makes settlement final at commit.
Native infrastructure for tokenizing real-world assets. Issuers retain dealer registration and asset specialization; 4orm contributes the settlement layer, the registry, and the legal-economic binding between the asset and its on-chain representation.
Government and provincial bonds, corporate paper, bank-issued tokenized deposits. The asset class Project Samara cleared.
Commercial real estate, energy royalties, mining bullion, precious metals. Issuers like Ocree Capital, T-RIZE, AuCan Gold operate at the asset layer; 4orm operates the settlement layer.
Tokenized senior credit, trade finance receivables, structured private debt. Native fractional ownership, embedded compliance, secondary liquidity.
Pillar 02 is being built as 4ormEx, the regulated trading layer. Order book, RFQ, secondary liquidity, multi-bank settlement corridors. Trading is not a separate system; it is the same ledger that holds custody and clears settlement. No bridge. No multi-day window.
Best-execution-evidenced central limit order book for tokenized assets. Pre-trade screens at the settlement layer, post-trade attestation in the same block.
RFQ workflow for size and illiquid asset classes. Multi-dealer quote competition, attested settlement, regulator-readable evidence trail.
The asset doesn't leave the settlement layer. Secondary liquidity sits beside primary issuance on the same ledger. Issuers solve the offload problem.
The defining capability. Title and cash leg settle in the same step, or neither settles. Settlement is final when the block is final. Replaces multi-day deferred-net cycles with a single supervised transaction. Project Samara settled a tokenized bond against wholesale central-bank money (W-CAD) in 2026 (directional support that settlement finality works in Canada). 4orm's cash leg is a tokenized commercial-bank deposit.
The cash side is a tokenized deposit issued and held by a regulated Canadian bank as the bank's own liability. 4orm needs no banking or trust licence; the bank issues and tokenizes its deposit using 4orm. This deposit token is the cash leg every tokenized-asset settlement needs.
The asset's on-chain representation commits in the same block as the cash leg. Issuance, transfer, secondary trade all use the same all-or-none settlement guarantee.
Custody record, regulatory record, and ledger record all commit in the same all-or-none operation. There is no window in which they can be out of sync.
4orm takes no deposits, touches no CDIC funds, and needs no banking or trust licence. The deposit token is the bank's liability, issued under the bank's own banking authorizations.
the regulated custody function is intended to operate as a qualified digital custodian, subject to receipt of required regulatory approvals (OSFI letters patent and / or provincial trust authorization). Intended alignment with the CIRO Notice on Digital Asset Custody Framework (Feb 3, 2026); CIRO dealer membership application has not been filed. Segregated reserves. Attested 1:1. Intended to be supervised under the same framework that custodies traditional securities. Custody is structured as a separate entity from marketplace and dealer functions, a deliberate structuring choice consistent with separating custody from dealing.
Customer assets are segregated from operational reserves, attested by an independent qualifier, and reconcilable in real time against the ledger.
Intended alignment with the standards set out in the CIRO Notice on Digital Asset Custody Framework (published February 3, 2026). The framework is the reference standard for institutional digital custody in Canada; 4orm has not filed a CIRO dealer membership application.
Reserves attested 1:1 on a published cadence by an independent firm. The attestation is a live data feed, not a quarterly PDF.
OSFI, CSA, FINTRAC, and CIRO reporting are embedded at the settlement layer. Supervision feeds are real-time. Pre-trade screens, post-trade attestation, AML rule engines, KYC reusable credentials. The supervisory state of every transaction is visible to the regulators that approve the settlement layer, at the moment of commit.
OSFI capital and liquidity reporting, CSA continuous disclosure, FINTRAC LCTR and EFT thresholds, CIRO marketplace reporting. Reporting is what the ledger emits, not what your team rebuilds in spreadsheets.
Supervisory dashboards for the regulators that approve the settlement layer. Pre-trade screens block prohibited transactions before they enter the order book. Post-trade attestation runs in the same block as settlement. AML rule engines and reusable KYC credentials live with the platform.
The build is sequenced, each phase opens the next. The endgame is the open settlement layer that tokenized real-world assets and stablecoins settle against.
The tokenized deposit, as a regulated bank's own liability, becomes the settling money for the platform.
Two different assets move and settle together, proving the settlement layer works across asset classes.
A verified construction milestone triggers instant payment to the contractor, with no manual reconciliation. Programmable payments meet a regulated settlement layer.
Other Canadian-dollar deposit tokens settle through 4orm. Own the cash leg, and 4orm becomes the settlement layer that tokenized assets and stablecoins settle against.
International templates at vision altitude: the UK Regulated Liability Network and Fnality, both built around settlement-finality designation. Referenced as direction only; 4orm is not affiliated with either.
The 4orm Demo Exchange is a guided walkthrough on synthetic data: 8 minutes, no NDA. KYC and accreditation, AML clearance, tokenization, order book, attestation, and settlement finality, end to end.