Integration Grants Application '25 : RealMint

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Introduction

Neev Labs is pleased to submit this grant proposal to the Conflux Network for the development of a pioneering asset tokenisation platform. This platform, tentatively named RealMint, aims to unlock the vast potential of Real World Asset (RWA) tokenisation within the Conflux ecosystem, fostering a new era of liquidity and accessibility for various asset classes.

Name of the Project: RealMint - Asset Tokenization Platform

Problem Statement and Proposed Solution

While the Conflux Network boasts robust infrastructure, high throughput, and low transaction costs, the ecosystem currently lacks a comprehensive, compliant, and user-friendly platform dedicated to the primary issuance and lifecycle management of tokenised real-world assets. This absence presents a significant barrier to entry for traditional institutions and asset owners seeking to leverage blockchain technology for fractional ownership, enhanced liquidity, and streamlined fundraising.
The proposed RealMint will directly address this gap by providing an end-to-end solution for asset tokenization on the Conflux Network. It will serve as a primary marketplace, facilitating the compliant issuance of security tokens (ERC-3643 standard) representing diverse asset classes such as real estate and equity. The platform will integrate robust Know Your Customer (KYC) and Know Your Business (KYB) protocols, comprehensive smart contract functionalities for token management, and intuitive interfaces for both issuers and investors. Our solution will empower a broader range of participants to engage with tokenized assets, driving significant on-chain activity and attracting new capital to Conflux.

Alignment of the Project with the Conflux Network
RealMint is strategically aligned with Conflux Network’s vision of building a vibrant and inclusive Web3 ecosystem. By providing a secure and efficient framework for RWA tokenization, the platform will:
Expand Conflux’s Utility: Introduce a critical financial primitive to the network, enabling a wider array of real-world use cases beyond traditional DeFi.

  • Attract Institutional Adoption: Offer a compliant and enterprise-grade solution that appeals to institutions and accredited investors, onboarding significant capital and complex financial instruments onto Conflux.
  • Showcase Conflux’s Capabilities: Highlight Conflux’s technical strengths, including its high performance (TPS), low fees, and robust security, as the ideal foundation for demanding financial applications.
  • Foster Ecosystem Growth: Serve as a foundational layer for other DeFi protocols and dApps to build upon, creating a synergistic environment for innovation within the Conflux ecosystem.

Benefit to the Conflux Ecosystem

  • Entice More Developers: The availability of a production-ready, ERC-3643 compliant tokenization platform will serve as a powerful proof of concept and a foundational building block. Developers will be inspired to build secondary markets, lending protocols, and other financial instruments atop these tokenized assets, stimulating further innovation and dApp development on Conflux.
  • Increase Assets and Transactions On-Chain: RealMint will directly facilitate the issuance of new, high-value digital assets on Conflux. Each tokenized offering will represent a significant influx of value. The associated primary market transactions (minting, subscriptions, transfers, dividend distributions) will substantially increase transaction volume and network utility, solidifying Conflux’s position as a hub for real-world finance.

Competitive Edge
RealMint differentiates itself through its comprehensive feature set, adherence to regulatory standards (ERC-3643), and a deliberate focus on the Conflux Network. While other tokenization platforms exist, few offer the robust primary market functionalities, combined with extensive KYC/KYB workflows and detailed asset management features, all optimized for Conflux’s unique architecture. Our competitive edge lies in:

  • Conflux Native Optimization: Leveraging Conflux’s Shardus consensus mechanism and eSpace EVM compatibility for unparalleled performance and cost efficiency in RWA transactions.
  • Integrated Compliance: A meticulously designed KYC/KYB framework and a focus on the ERC-3643 standard ensure compliance and investor protection from day one.
  • Holistic Platform: Providing a complete primary market experience from asset origination, offering creation, investor onboarding, to post-issuance management (Cap Table, Dividends, Token Actions), reducing fragmentation for users.
  • Neev Labs’s Expertise: Backed by Neev Labs’s proven track record in Web3 development and blockchain consultancy, ensuring a high-quality, secure, and scalable implementation.

Conflux eSpace Grant Recipient Wallet Address
cfx:aapeknkwafvhkfmbukmpyunkvgyant6t22hzm0d16a

Are you an incorporated startup?
Yes, Neev Labs is an incorporated and reputable software development and consultancy firm with extensive experience in the blockchain and Web3 domain.

Technical Introduction

This section provides a concise overview of the technical vision and objectives for RealMint, elucidating the underlying rationale and anticipated functional outcomes.

Referral to Problem Statement
As previously identified, the Conflux ecosystem currently lacks a dedicated and comprehensive platform for the compliant issuance and lifecycle management of security tokens representing real-world assets. This limitation impedes the integration of traditional financial instruments with blockchain technology, hindering liquidity and broad institutional participation. RealMint is specifically engineered to overcome these challenges, providing a robust, scalable, and user-centric solution for RWA tokenization on Conflux.

Existing Solutions and Feasibility Study
While various tokenisation platforms exist on other blockchain networks, they often present interoperability challenges, lack deep integration with the Conflux ecosystem, or do not offer the comprehensive suite of primary market issuance and asset management features required for regulatory compliance and institutional adoption. Existing solutions typically necessitate significant customisation or bridging solutions, adding complexity and cost.

Our feasibility study confirms that building RealMint natively on Conflux eSpace, leveraging its EVM compatibility and high performance, is not only technically viable but highly advantageous. The chosen ERC-3643 token standard aligns perfectly with eSpace’s capabilities, enabling programmable securities that adhere to regulatory requirements for transfer restrictions and compliance. The integration of third-party KYC/KYB and e-signature solutions is well-established within the Web3 landscape and poses no significant technical hurdles. The modular design approach will ensure scalability and future extensibility.

Purpose of the System
The primary purpose of RealMint is to serve as a secure, compliant, and efficient decentralized application (dApp) for the tokenization and primary offering of real-world assets on the Conflux Network. It aims to bridge the gap between traditional finance and decentralized finance by providing a robust framework for asset issuers and investors.

Scope of the System
The scope of RealMint encompasses the entire lifecycle of a tokenized asset in the primary market, from asset origination and offering creation by issuers to investor onboarding, subscription, payment, and post-issuance management. This includes:

  • Secure and scalable smart contract deployment on Conflux eSpace.
  • Comprehensive Issuer and Investor dashboards with intuitive user interfaces.
  • Automated and manual KYC/KYB processes via third-party integrations.
  • Support for ERC-3643 security token standard with advanced functionalities (Mint, Burn, Freeze, Force Transfer).
  • Efficient fund offering creation, management, and subscription mechanisms.
  • Integrated e-signature functionality for legal agreements.
  • Robust Cap Table management and dividend distribution capabilities.
  • Admin panel for oversight, user management, and token configuration.

Objectives and Success Criteria of the Project

Our key objectives and measurable success criteria for RealMint include:

  • Objective 1: Deploy a fully functional ERC-3643 compliant tokenization platform on Conflux eSpace.
  • Success Criteria: Smart contracts successfully deployed and audited; core token functionalities (mint, burn, freeze, force transfer) demonstrated; platform passes security audits.
  • Objective 2: Onboard a diverse set of real-world assets for tokenization.
  • Success Criteria: At least 5 distinct asset offerings (e.g., real estate, equity) successfully launched on the platform within 12 months post-launch.
  • Objective 3: Facilitate compliant investor participation.
  • Success Criteria: Over 1,000 successful investor KYC completions within 18 months; successful integration and utilization of e-signature for legal documents.
  • Objective 4: Drive significant on-chain activity and liquidity.
  • Success Criteria: Achieve an aggregated total value of tokenized assets exceeding $10M on Conflux within 24 months; process over 500 primary market transactions per month post-stabilization.

Technical Proposal
This section outlines the comprehensive requirements and the analytical model underpinning the development of RealMint, ensuring a robust, secure, and scalable solution for asset tokenization on the Conflux Network.

Functional Overview of the System
RealMint is designed as a multi-stakeholder platform catering to Issuers, Investors, and Administrators, each with distinct but interconnected functionalities. The system’s architecture emphasizes modularity, security, and user experience, built primarily on Conflux eSpace.
Blockchain Section

  • Node Setup: While the core platform will operate on Conflux, integration points for ETH (3rd party) crypto market where relevant.
  • Token Contract Creation (ERC-3643): Development of a robust security token contract adhering strictly to the ERC-3643 standard. This standard provides built-in functionalities for investor whitelisting, transfer restrictions, and compliance, crucial for regulated asset tokenization.
  • Smart Contract Creation:
  1. Mint: Secure creation of new tokens and assignment to specified issuer accounts.
  2. Burn: Permanent removal of tokens from circulation, typically for regulatory compliance or treasury management.
  3. Freeze: Ability to temporarily freeze a specific account balance or an entire account, essential for regulatory actions or dispute resolution.
  4. Unfreeze: Reversal of a freeze action, restoring token usability.
  5. Force Transfer: Controlled transfer of tokens from one wallet to another, vital for asset recovery, legal mandates, or emergency scenarios, accessible only to authorized entities.
  6. Factory Contract: A central smart contract responsible for the efficient and secure deployment of individual tokenization contracts for each new project. This contract will be exclusively accessible by the platform admin or designated issuers and will enable dynamic management of authorized agents.

Issuer Section
Issuers are onboarded through a stringent Know Your Customer (KYC) and Know Your Business (KYB) process, ensuring regulatory compliance. The platform offers comprehensive tools for asset origination and management.

  • Sign-up (KYC for Individuals): A detailed, multi-step process including personal information, wallet connections, document uploads (National ID, Proof of Residence), and a review/submission phase. Automated KYC through third-party APIs (e.g., Sumsub) will streamline verification, with clients responsible for providing API credentials.
  • Sign-up (KYB for Institutions): An equally rigorous process covering company information, address details, primary contact information, wallet connection, comprehensive document upload (Certificate of Incorporation, Company Identification), beneficial ownership details, and management information. Automated KYB via third-party APIs will be integrated.
  • Create Fund Offerings: Issuers can choose asset types (Real Estate, Equity) and either submit a form for admin-assisted offering creation or self-manage the details. This includes an “Overview” (title, subtitle, description), “Company Information,” and “Image Uploads” (offering icon, cover, company logo) with validation and save/continue functionalities.
  • Offering and Project Details: Configurable parameters covering “Overview” (Asset Type, Blockchain (Conflux eSpace), Offering Type), “Offering Details” (Token Standard (ERC-3643), Name, CUSIP, Authorized Countries, Start/End Dates), “Project Details” (Min/Max Investment, Asset Name, Token Ticker, Supply, Decimals, Hold Time, Max Holdings).
  • Specific Asset Configurations:
  1. Real Estate: NAV Launch/Latest Price, AUM Size, SPV Valuation, Property Type (Commercial, Residential, Agricultural, Non-Residential), Yield Type.
  2. Equity: Minimum/Maximum Investment, Launch/Previous Valuation, Projected Yield, Debt-to-Equity Ratio.
  • Issuer Configuration: Issuer Name and Wallet Address.
  • Custom Fields: Ability to add user-defined fields for specific offering requirements.
  • Post-Submission Workflow: Admin approval/disapproval, smart contract deployment, assignment of project management to issuer.
  • Cap Table Management: Real-time, transparent view of token holders and their respective token allocations.
  • Token Actions: Direct interfaces for Issuers to Mint, Burn, Freeze, Unfreeze, and Force Transfer tokens, alongside viewing all Token Holders.
  • Manage Subscription/Whitelisting: Issuers can review investor subscription requests, view KYC documents, and accept/reject whitelisting for investment.
  • Settings & Transaction History: Account management (2FA, password) and comprehensive historical transaction logs for all associated offerings.
  • User Management & Dividend Distribution: Overview of all investor registrations, KYC details, e-signed documents, and the ability to distribute dividends (e.g., in stablecoins).
  • Offering Management: Overview of all created offerings, including investor count, funds raised, and end dates.

Investor Section
Investors access a curated marketplace of tokenized assets and manage their portfolio.

  • Marketplace Page: Publicly accessible list of projects with detailed descriptions, token price, and total tokens. Users can explore without registration.
  • Registration & Login: Standard email/password registration with email confirmation, and 2FA-enabled login.
  • Non-Custodial Wallet Integration: Seamless connection with supported Web3 wallets (e.g., via Web3 Modal), linking the user’s wallet to their platform account for all on-chain interactions.
  • E-Signature: Integration with DocuSign for legally binding e-signatures of documents like Limited Partnership Agreements (LPA) before investment. Client is responsible for DocuSign credentials and API keys.
  • KYC (Automated): Mandatory KYC process for investment, with status visible in the user profile, facilitated by third-party APIs.
  • Offering Details / Asset Overview: Detailed view of offerings, requiring wallet whitelisting prior to investment. Users can preview details, company information, subscription details, and agreement documents before proceeding to investment and payment.
  • Asset Portfolio: Personal dashboard displaying all invested tokens, performance tracking (gain/loss in percentage and value) over time.
  • Order Details: Comprehensive tracking of all submitted orders, including Order ID, Date, Fund Name, Type, Amount, Tokens Received, and Status.
  • Subscribe RWA: Mechanism for users to express interest in a property, initiating a subscription request to the issuer for wallet whitelisting. Funds will be escrowed until issuer acceptance/rejection.
  • Invest (Primary Marketplace) RWA: Facilitates investment in security tokens using supported stablecoins (USDT, USDC), BTC, or fiat. Integration with payment gateway APIs for fiat transactions is critical, with clients providing the necessary API keys. Purchased tokens will be reflected in the user’s connected wallet. Offline payment with receipt upload will also be supported.
  • Payment Methods: Support for stablecoins (USDT, USDC), BTC, and fiat payments through integrated payment gateways.
  • User Dashboard: Centralized view of token holdings, transaction history, sale proceeds, and access to e-signed documents.
  • Settings & Profile: Account management (password, 2FA), profile editing (picture, email with 2FA confirmation), and management of bank details for payment reception.
  • Dividend: Ability for investors to view and claim dividends distributed by issuers.

Admin Panel
The Admin Panel provides overarching control and monitoring capabilities for the entire platform.

  • Login: Secure authentication, potentially leveraging Global.safe multisig for enhanced security.
  • User Management: Comprehensive overview of all registered users, including KYC status, and functionalities to block/unblock accounts.
  • View Issuance Management Request: Admins can review new tokenization requests from issuers and assign sub-admins to manage the issuance process.
  • Token Configuration and Deployment: Centralized control over token parameters (name, symbol, decimals, limit, hold time, max holding per investor) based on issuer information and offering details. Upon submission, the token smart contract is deployed, and an SPV (Special Purpose Vehicle) is created to hold the underlying asset’s ownership.
  • Offering View: Ability to create new offerings directly or approve offerings created by issuers, following the same detailed steps as the issuer persona.
  • Marketplace Transactions: Oversight of all primary market transactions, enabling record management in the journal and cap table updates. Agents will have restricted views to only their assigned projects.
  • Settings & Notifications: Admin account settings (2FA, password change).

Non-Functional Overview
Beyond core functionalities, RealMint prioritizes several non-functional requirements to ensure an optimal user experience and operational efficiency.

  • Usability: The platform will feature an intuitive, clean, and responsive user interface, optimized for both desktop and mobile. User flows for registration, offering creation, and investment will be streamlined to minimize complexity and friction. Clear instructions, tooltips, and error messages will enhance user comprehension and navigation.
  • Reliability: Designed for high availability and fault tolerance, the system will minimize downtime and ensure consistent performance. Smart contracts will undergo rigorous auditing by independent third-party security firms to eliminate vulnerabilities. Redundant infrastructure for off-chain components and robust data backup mechanisms will be implemented.
  • Performance: Leveraging Conflux Network’s high transaction throughput (TPS) and low latency, the platform will process a high volume of transactions efficiently. Backend services will be optimized for rapid data retrieval and processing, ensuring quick loading times for dashboards and marketplace listings. Scalability will be baked into the architecture to handle future growth in users and asset offerings.
  • Implementation: The platform will be built using modern, secure, and maintainable technologies. The frontend will be developed using a contemporary JavaScript framework (e.g., React/Vue.js), while the backend will utilize robust, scalable technologies (e.g., Node.js, Python) for off-chain services and API integrations. Smart contracts will be developed in Solidity, rigorously tested, and deployed on Conflux eSpace. Version control, continuous integration/continuous deployment (CI/CD) pipelines, and comprehensive documentation will be integral to the development process.
  • User Interface: A professional, clean, and consistent UI/UX design will be employed across all sections of the platform (Issuer, Investor, Admin). Emphasis will be placed on clarity of information, ease of navigation, and visual appeal. Dashboards will provide at-a-glance summaries, while detailed views will be easily accessible. Security best practices, such as clear indications of wallet connection status and transaction signing prompts, will be integrated into the UI.

Total Budget
This section outlines the financial grant requested for the development and initial deployment of RealMint on the Conflux Network. The budget reflects the comprehensive scope of work, technical complexity, and anticipated resource allocation.

Grant Size
We are requesting a total grant amount of 80,000 USD for the complete development
and initial deployment phases of the RealMint asset tokenisation platform.

Justification
The requested grant amount is meticulously calculated to cover critical activities, including:

  1. Smart Contract Development & Audits (Approx. 30%): Covers design, coding, testing of ERC-3643 compliant contracts, factory contracts, and all associated token action logic (Mint, Burn, Freeze, Force Transfer), along with mandatory third-party security audits.
  2. Frontend & Backend Development (Approx. 40%): Encompasses the development of intuitive user interfaces for Issuer, Investor, and Admin panels, robust backend services for data management, API integrations (KYC/KYB, DocuSign, Payment Gateways), and secure data storage solutions.
  3. Quality Assurance & Testing (Approx. 15%): Dedicated resources for comprehensive unit, integration, system, and user acceptance testing to ensure platform stability, functionality, and security across all features.
  4. Project Management & Documentation (Approx. 10%): Overhead for project oversight, roadmap adherence, team coordination, and creation of detailed technical and user documentation.
  5. Initial Deployment & Infrastructure (Approx. 5%): Costs associated with initial deployment on Conflux eSpace, including smart contract deployment fees, and minimal ongoing operational infrastructure for the initial phase.
    This allocation ensures the delivery of a high-quality, secure, and production-ready platform that will significantly contribute to the Conflux ecosystem by enabling compliant RWA tokenization.

Development Roadmap
The following roadmap outlines the projected timeline, key milestones, and deliverables for the development and deployment of RealMint using the Conflux grant. This structured approach allows for transparent progress tracking and timely delivery.

Timeline and Milestones
Milestone 1: Core Smart Contract & Backend Infrastructure (Week 1-3)
Funding: 25% of Total Grant

  • ERC-3643 Token Contract (Mint, Burn, Freeze, Unfreeze, Force Transfer)
  • Factory Contract for Token Deployment
  • Initial Blockchain Node Setup (Conflux, ETH/BTC integration points)
  • Core Backend APIs for off-chain data management
  • Smart Contract Security Audit Report (Phase 1)

Milestone 2: Issuer & Admin Core Functionalities (Week 4-6)
Funding: 30% of Total Grant

  • Issuer Account Management (Sign-up, KYC/KYB integration)
  • Basic Fund Offering Creation (Overview, Company Info, Image Uploads)
  • Admin Panel (User Management, Token Configuration & Deployment)
  • Initial Offering View for Admin and Issuer
  • Internal Alpha Testing & Feedback Round

Milestone 3: Investor & Primary Marketplace Core Functionalities (Week 7-9)
Funding: 25% of Total Grant

  • Investor Account Management (Registration, Login, Wallet Connection)
  • Marketplace Page (Asset Listing View)
  • Offering Details / Asset Overview for Investors
  • E-Signature Integration (DocuSign for LPA)
  • Subscription / Investment Flow (incl. Escrow, Payment Method Integration)
  • Comprehensive Smart Contract Security Audit Report (Final)

Milestone 4: Advanced Features & Deployment (Week 10-12)
Funding: 20% of Total Grant

  • Cap Table Management for Issuers
  • Dividend Distribution Module
  • Asset Portfolio & Order Details for Investors
  • Force Transfer UI for Issuer
  • Settings & Profile Management (2FA, Bank Details)
  • Platform-wide Notification System
  • Complete User & Technical Documentation
  • Public Beta Launch on Conflux eSpace

Team
Neev Labs is proud to present a highly skilled and dedicated team with extensive experience in blockchain development, cybersecurity, finance, and product management, well-equipped to deliver RealMint successfully.

Team Members

  • Nishant Mitra - Tech Lead
    A blockchain expert and IIT Kharagpur alumnus, Nishant architects cutting-edge decentralized solutions and ensures robust technical execution.

  • Prashant Hooda – Product Manager
    Prashant drives product innovation, ensuring user-centric solutions that align with evolving market needs and technological advancements.

  • Ankit Bhatia- Developer
    Ankit is an expert in Solidity, smart contract security, advanced DeFi protocols and dApp development on EVM-compatible chains.

Terms of Use

I agree to all of the following terms of use in applying to a Conflux Ecosystem Grant
I have read and understood the Conflux Grants Ecosystem Overview
I have read about and understood that the Conflux Technical Grants are subject to a No-Sale rule
I agree to provide KYC information to the Conflux Foundation for the sake of overall ecosystem security
I understand that I will be required to follow public grant reporting requirements.