Program roadmap
Where the exchange programme stands: gated workstreams RX1–RX6 on the shared settlement fabric, what it needs in funding, how the team fills by interview, and the post-quantum blockchain initiative. Every figure is a target / indicative — not realised revenue and not a commitment.
- RX1 — Exchange core — market book & matching engine (spec locked · 3 FTE)
- RX2 — Settlement hooks — Raphael trades on the Veritas Gold fabric (planned · 3 FTE)
- RX3 — Identity, seats & market onboarding (planned · 2–3 FTE)
- RX4 — PLQ / PQC blockchain anchor for market actions (next · 3–4 FTE)
- RX5 — Operator console, customer portal & hardening (planned · 4–5 FTE + auditors)
- RX6 — Launch surface — RAPHAEL CEX / DEX / HEX & public layer (planned)
Next-round slices: exchange core RX1/RX3 ~€260k · settlement hooks RX2 ~€180k · anchor extension RX4 ~€220k.
RAPHAEL CEX
Digital-asset exchange
Simulated market book and a real execution ledger, backed by the Veritas Gold settlement fabric.
The exchange surface of the platform: a market book with a matching engine, priced in the same settlement fabric the reserve desk uses, so every fill lands on the shared custody and audit foundation.
Execution records post through the Veritas Gold settlement path — one spool of truth shared with the reserve desk and the merchant flows. Nothing settles on a private side ledger.
This is a demonstration page, not an operation console. No live quotes, balances or fills appear here; nothing on this page invents metrics beyond the desk facts above.
outline-level planning text — simulated demo content, to be replaced by the desk's real materials
Give the platform a single exchange surface where market activity settles straight into the shared fabric — one book, one ledger, one audit trail.
Platform participants who need transparent market access with settlement they can reconcile at source, without a separate reconciliation layer.
All market behaviour described here is simulated. No listing fees, revenue shares or volume targets are claimed on this page, and none should be inferred.
Desk materials that would define scope, controls and steps:
outline-level engineering text — planned work is labelled, never claimed as shipped
The full "what else shall be done for creating" list lives on the Build Plan page — what is standing, what is next, item by item.
Market book, matching engine and the execution ledger recording fills against the settlement fabric.
Fills posting to custody and reserve paths on the Veritas Gold fabric with maker-checker review.
Reconciliation views over every fill, cancel and settlement event, read-only by default.