Dual-token Model

To balance compliance with the efficiency of on-chain trading, BBX has pioneered a 'Dual-Token Model' — the t-token and the bb-token. Using NVDA as an example:

NVDAt — Security-based Token

• Nature: Compliant ownership anchor.

• Function: NVDAt is the legal certificate proving a user's ownership of real equities. It is issued by the licensed issuer, pegged 1:1 to real equities held in the licensed and compliant broker's segregated account. It functions as a 'digital title deed,' ensuring the legal standing of ownership.

• Characteristics: Carries strict compliance information. NVDAt itself does not directly participate in high-frequency trading, in order to preserve its legal standing.

NVDAbb — Liquidity Utility Token

• Nature: Liquidity utility certificate.

• Function: When NVDAt is deposited into the smart contract, the contract mints NVDAbb at a 1:1 ratio. NVDAbb is designed for high-frequency trading and DeFi integration, enhancing the interoperability and liquidity of securities-type assets within the on-chain ecosystem.

• Characteristics: NVDAbb is subject to invisible compliance checks by BBX (IP geolocation, OFAC list, etc.), ensuring that all transactions remain within the compliance framework without disrupting the user experience.

Contract Addresses

BBX has completed the compliant tokenization minting of the following assets and will successively open spot trading for them on the on-chain order book DEX. Due to the high-performance full-chain architecture, users can break through the closure limitations of traditional markets to achieve 7×24 all-weather spot asset trading.

Ticker	t Token	Contract Address (t)	bb Token	Contract Address (bb)	Network
AAPL	AAPLt	0xfbabcd2f510bbbf6fbf1c54a2b4b3fbfd7a7f09e	AAPLbb	0xe5e6dbb9259d8459fa4b9548df19ba9ea39a3186	Arbitrum
AMZN	AMZNt	0xe5f075e5d031a9360792d1c57bb14ab37d149251	AMZNbb	0xa115b0256c6dce0a9b4a007b49100b65f7bc16f3	Arbitrum
GOOGL	GOOGLt	0x0fe7b1939ef64ee7413c8334edb02f93974237f3	GOOGLbb	0xa40c38c30da848754f2308a2fd37573baf84ca3c	Arbitrum
PLTR	PLTRt	0xfbd7fd27e1a7117f6331595167d89dd9356e3813	PLTRbb	0x9ac96785d3c325f91b9ff37426f183d34b1e82a5	Arbitrum
CRCL	CRCLt	0x91f065dffab8fa5829368b1c6c8fc86a13b96226	CRCLbb	0x653f56245705aef339768fade62c95da03165ced	Arbitrum
MSTR	MSTRt	0x7526047633fef858dfb740b7fc79a591bb7fe8cf	MSTRbb	0xf006a779d429798a1cba0d7544542713a7473342	Arbitrum
HOOD	HOODt	0xc4513eb06e86a262be8dbeb152c72c61520c5828	HOODbb	0x8a5a98053562dbefae511b827d400f539b6420a2	Arbitrum
TSLA	TSLAt	0x3bFfBF70015733A3A36A118E328bD720c2500F2C	TSLAbb	0xb5c810224a46894650da0db93b61b9beb4b33d6c	Arbitrum
AMD	AMDt	0x354637c9d2FB6701D7f03007d100fe29D82665Fa	AMDbb	0x1c2b9e6c8b59292ad3e98b9f0b57a893dc42c743	Arbitrum
NVDA	NVDAt	0x14a145639f8eC2C30a582Abb68569DbFfE377c28	NVDAbb	0x879292708da2b467cbb6590e207f56bb90d946c0	Arbitrum

Audit Reports

https://d.cobo.com/public/documents/blocksec_CoboTokenization_v1.0-signed.pdf

https://github.com/CoboGlobal/cobo-tokenization/blob/master/docs/blocksec_cobotokenization(CoboERC20Wrapper)_v1.0-signed.pdf

Core Identity

Total Circulating NVDAbb = Total Locked NVDAt = Total Custodied Real Shares

This identity is enforced by smart contracts and can be publicly verified on-chain in real time, ensuring that every unit of on-chain proof is backed by sufficient real assets.