What is STPT
STPT is the permissioned ERC-20 token for STP Network, a decentralized smart contract protocol framework used for multi-chain derivative asset issuance, fractional ownership and indices tokenization on Web 3.0. Anyone can construct and trade baskets of assets by locking collateral in the form of stablecoins. STP-Standard smart contracts allow users to tokenize ownership of valuable real world items, for example a wine collection, using STPT as collateral for on-chain loans against the property value. On-chain Compliance Validators ensure Jurisdictional Compliance and Issuer Compliance by adhering to respective laws of any included jurisdictions, while ensuring compliance within parameters and restrictions imposed by the Issuer prior to the issuance of the asset. Reverse-tokenization requires users to burn the STPT amount initially issued to receive locked collateral.