Introduction

Wrapped.com is a custodial, institutional-grade cross-chain bridge. wrapped.com was founded by Tokensoft and launched as a collaboration between Tokensoft and Anchorage.

Assets are backed 1:1 by Anchorage in an account that is for the benefit of the users of the platform. The platform is only open to institutions at the moment.

Terminology

End user: The user that is triggering the unwrapping or wrapping process. At this moment end users of the service are limited to institutional only.

Collateral: The underlying asset which is being wrapped.

Wrapped Asset: The new asset that is created when the underlying collateral is received into the FBO wallet.

Wrapping: The act of creating and entering into circulation a wrapped asset 1:1 when the collateral has settled into the FBO wallet. This involved am minting operation with the smart contract to create the new asset.

Unwrapping: The act of removing from circulation a wrapped asset and providing back to the end user the underlying collateral that is wrapped.

FBO Wallet: The wallet that is held for the benefit of the end users. This wallet operates as an omnibus wallet for the purpose of receiving collateral and for any burning.

User Wallet: The self-managed wallet that is held in custody at Anchorage and managed by the institution.

Smart Contract: The Tokensoft token is the base layer. The Tokensoft token carries a handful of features that enable regulatory adherence as well as role based access control, however not all of these are used in the case of wrapped.com.

• Roles

  • Owner: The owner has the ability for managing the permissions on all of the roles.

    • Functionality: ON

  • Admin

    • Burner

      • The ability to remove tokens from circulation by burning and reducing supply from a particular address.

      • Functionality: ON

    • Minter

      • The ability to add tokens into circulation by minting and increasing supply into a particular address.

      • Functionality: ON

    • Pauser

      • The ability to pause all transfers on the contract.

      • Functionality: OFF

    • Revoker

      • The ability to revoke tokens from a wallet into the revoker's address.

      • Functionality: ON

    • Whitelister

      • The ability to manage the whitelisting rules and to add and remove addresses from the whitelists.

      • Functionality: OFF

    • Blacklister

      • The ability to add or remove addresses to and from the blacklist for the purpose of restricting transfers.

      • Functionality: ON

  • End user

    • The users that can interact with the token by sending or receiving them.