Secondary trading enables liquidity after issuance. This phase allows compliant peer-to-peer transfers and marketplace trading while enforcing regulatory requirements at the protocol level.
Secondary Trading Steps
Step
Technical Action
1. Market Access
Action: Enable trading venues and P2P transfers
Technical Description: Tokens can be traded on approved exchanges or transferred directly between wallets.
2. Compliance Enforcement
Action: Apply transfer rules in real time
Technical Description: Smart contracts validate eligibility and jurisdictional rules before each transfer.
3. Price Discovery
Action: Support open market pricing
Technical Description: Order books, AMMs, or negotiated trades establish transparent pricing.
