Part of the 4orm Finance neutral settlement layer 4ormEx ↗ / Data Room ↗ / KCS Capital ↗
Pre-Seed · Opening August 1, 2026 · 90-day window
For accredited investors only. Information on this website is for accredited investors as defined in National Instrument 45-106. It is not an offer to sell or solicitation of an offer to buy securities. No securities regulatory authority has assessed the merits of any securities described herein. See Terms and the legal information below.
The regulatory pathway

Inside the Canadian regulatory perimeter. By design.

4orm Finance is built to operate inside Canada's existing regulatory framework, not around it. OSFI, CSA, FINTRAC, CIRO. Custody under the CIRO Digital Asset Custody Framework. Reporting embedded at the settlement layer. Supervisory feeds delivered to the regulators that approve the settlement layer, in real time, at the moment of commit.

The four regulators

One settlement layer. Four supervisory feeds.

Every transaction on 4orm Finance produces evidence for four distinct regulatory surfaces. Each one is named, each one has a specific supervisory expectation, each one receives a tailored feed at the moment of commit.

OSFI

Capital & liquidity

Federally regulated banks and trust companies operate under OSFI capital and liquidity rules. 4orm Finance produces the reports OSFI needs to supervise the institutions on the settlement layer.

Capital rules
CSA

Securities & disclosure

Canadian Securities Administrators set the continuous-disclosure and marketplace rules for tokenized securities. Project Tokenization is the national initiative. 4orm Finance's work is informed by it; 4orm Finance is not a formal participant.

National coordination
CIRO

Custody & marketplace

CIRO's Digital Asset Custody Framework (February 2026) is the reference standard for institutional digital custody in Canada. The platform's regulated custody function is intended to align with the standards set out in the CIRO Notice on Digital Asset Custody Framework (subject to CIRO dealer membership application; no application has yet been filed). 4ormEx operates under CIRO marketplace oversight (subject to required authorization).

Custody framework
FINTRAC

AML / ATF

FINTRAC LCTR and EFT thresholds, suspicious transaction reporting, KYC and beneficial ownership rules. AML rule engines run pre-trade at the settlement layer. Reporting is emitted from the ledger.

AML at the settlement layer
Corporate structure

Four entities. Independent governance.

The 4orm Finance brand sits above four Canadian entities. Each is separately governed, separately capitalized, separately supervised. The CIRO Digital Asset Custody Framework is a custody-tiering regime, not a corporate-structure mandate. 4orm separates custody, marketplace, and ownership into distinct entities as a deliberate structuring choice, consistent with the long-standing principle of separating custody from dealing.

4orm Finance

One entity today. Structure expands with the pathway.

4orm Finance is incorporated under the Business Corporations Act (Alberta), with registered office in Calgary. Corporate structure may expand as the regulatory pathway advances through the Alberta Sandbox, the CIRO Digital Asset Custody Framework, and later milestones, subject to Board approval. Additional operating entities, if established, will be disclosed at the point of formation.

ABCA · Alberta
Technology and research are developed by KCS Capital Inc., an independent firm and sister brand. KCS does not own 4orm Finance. The two entities are separately governed.
The regulatory pathway · 2026 - 2028

From Alberta Sandbox to full operating authorization.

4orm Finance's regulatory pathway is sequenced. Each milestone unlocks the next. Sandbox engagement first. Custody framework alignment second. Operating authorization third.

Jul-Sep 2026

Pre-Seed open

Opening August 1, 2026 with a 90-day window (closing approximately October 30, 2026). Capital deployed against the regulatory roadmap below.

Active
Q3 2026

Corporate structure finalized

Corporate structure formalized to support the sandbox admission, custody framework alignment, and initial FI counterparty engagements. Independent board seated.

Q3 target
Q3 2026

Alberta Sandbox engagement

Engagement under the Alberta Financial Innovation Act, which streamlines the legislative pathway for sandbox-eligible firms. Sandbox-tested before operating authorization.

Sandbox
2027 - 2028

Operating authorization

CIRO dealer membership application and custody framework alignment. CSA marketplace and dealer registrations. OSFI engagement for bank-issuer participation.

Full operation
Inside the perimeter, by design

Compliance is not a cost center. It is the product.

Every other tokenization architecture treats compliance as overhead bolted on top of the settlement layer. 4orm Finance inverts the model: the compliance surface IS the settlement layer. Pre-trade, in-trade, and post-trade controls are detailed on platform.html, pillars 05 and 06.

Opening August 1, 2026 · 90-day window

The full regulatory roadmap is in the data room.

Including the CIRO custody framework mapping, the OSFI / CSA / FINTRAC pathway, the Alberta Sandbox engagement plan, and the milestone-by-milestone regulatory roadmap through 2028.

4orm Finance family

The 4orm Finance family.