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The Mint workflow creates new holdings for an instrument. Minting uses a request-and-accept model. The requester initiates the mint, and the Registrar approves or rejects it.

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Prerequisites

Before minting can occur:
  • The Instrument Configuration must exist.
  • The requester must satisfy the issuer credential requirements defined in the Instrument Configuration.
  • If no issuer credential requirements are defined, any party may request a mint.

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Workflow

  1. The requester creates a Mint request.
  2. The requester specifies:
    • Instrument identifier.
    • Amount to mint.
    • Registrar party.
    • Optional reference.
  3. The Registry App validates the request against the Instrument Configuration.
  4. The Registrar reviews the Mint request.
  5. The Registrar accepts or rejects the request.
  6. If accepted, new holdings are created for the requester.
  7. If rejected, the Mint request is voided.

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Cancellation

The requester may cancel the Mint request before it is accepted by the Registrar.