PAR

A network of programmable financial relationships.

Put tokenized assets to work across financial services.

An asset establishes a financial relationship. That relationship connects onward. Further compatible relationships and a second distinct asset join the network while the assets remain anchored. Illuminated links represent rights, not moving assets or additional backing.Asset

PAR makes the rights and obligations behind financial relationships programmable.

Contact us

The challenge

Tokenization alone does not solve financial coordination.

Financial rights and obligations are often managed within separate institutions, products and systems. Coordinating them across independent participants remains difficult.

That limits which services can work together, what capital can support simultaneously, and how arrangements can adapt over time.

The opportunity

An asset’s financial life extends far beyond the trade.

At the surface

Buying, selling and transferring assets.

Below the surface

Expand what capital can support.

Financial rights allow an asset to support compatible relationships at the same time and let those relationships evolve without moving the asset for every connection.

Connect onward.

Eligible rights created by one arrangement can themselves be transferred, financed or used in further financial relationships.

Buying and selling at the iceberg tip; financing, income, risk transfer and management linked to a network of ongoing financial relationships below.

How it works

Make financial rights work across relationships.

A shared rights register, with controls embedded in position accounts Independent providers accept and verify rights through PAR's shared register. Controls in each supported position account check actions against the recorded commitments. The register coordinates rights; assets are held in the position accounts. Independent providers Provider AProvider BProvider C Accept & verify rights PAR Shared rights register Rights · backing · priority Enforce agreed conditions Position accountPosition account Assets held hereAssets held here PAR controlsPAR controls

A shared record of rights. Enforced where assets are held.

Record the agreement.

Record each accepted right, its backing and its priority.

Enforce the conditions.

Account controls check actions against those commitments.

Connect compatible relationships.

Participants can accept specific rights, including eligible rights created by other financial arrangements.

Applications

Financial coordination across markets.

Programmable rights coordinate assets, obligations and actions across financial relationships.

Collateral & settlement

DvP of rights with continuing collateral backing Delivery versus payment (DvP) Committed collateral Currentholder Newholder Secured claim Payment Backing and terms continue

Transfer secured claims or replace eligible collateral while continuing obligations remain protected.

Explore collateral & settlement

Credit & liquidity

Productive collateral and a funding flow LPposition Lender Owner Lien Cash Liquidity stays deployed

Access funding against an eligible LP position while its permitted liquidity activity continues.

Explore credit & liquidity

Derivatives & income

Income in exchange for capped upside Value at expiry Covered callStock StrikeStock price → + premium

Earn option premium by selling defined upside while retaining the remaining stock exposure.

Explore derivatives & income

Investment products

Independent services assembled into a strategy Independent services Financing Protection Mandate Onestrategy

Combine independent financing, protection and management into one coordinated investment.

Explore investment products

Build with PAR.

Docs
PAR NetworkFinancial rights. Connected relationships.