SQRL Enterprise

SQRL Enterprise is where a bank issues and governs tokenised assets under its own keys and rules. Banks and issuers use it to issue tokenised deposits and stablecoins, hold them in multi-party vaults, whitelist holders, approve movements, screen and enforce, redeem against fiat, prove reserves and export the audit trail.

Updated 12 Nov 20263 min read

Issue deposit tokens, whitelist holders, approve movements and export the audit trail, all under your own keys. Every value-moving action in SQRL Enterprise is a Bitcoin transaction that your authorised signers sign. SQRL builds the transaction, applies your policies, runs compliance checks, collects signatures and broadcasts. It never holds a private key. For how the platform sits on the protocol, see How SQRL works.

#Who this section is for

SQRL Enterprise is for banks and issuers that issue tokenised deposits or stablecoins under their own keys: treasury teams that issue and move them, risk and compliance teams that set the controls, and the auditors who review the record. Inside the product, those teams work in these roles:

  • Workspace administrators who set up workspaces, users, roles and vaults.
  • Issuance teams: minters, burners and pausers who operate assets.
  • Compliance officers who screen, freeze, claw back and manage whitelists.
  • Signers who review and sign movements and asset actions.
  • Treasury and redemption operations who run authorised-participant requests.
  • Auditors who review activity, reserves and controls.

To try SQRL Enterprise before a pilot, work in a testnet workspace, SQRL's sandbox: no client funds move. See Workspaces. To pay other banks across borders, see SQRL Markets.

#What you can do

  • Custody under quorum. Hold Bitcoin and SCL assets in vaults: M-of-N multi-signature accounts on Bitcoin, each with its own keys and its own on-chain history.
  • Issue and govern assets. Deploy stablecoins and tokenised assets on the SQRL token standard, with a hard supply cap, separated minter, burner, pauser and compliance roles, and maker-checker approval. See Assets.
  • Screen and enforce. Screen every mint recipient and transfer destination through your provider, apply the Travel Rule, and freeze, claw back or pause when the law requires it. See Compliance and Enforcement.
  • Redeem against fiat. Let authorised participants mint and redeem against a fiat leg through your banking partners. See Redemption.
  • Show supply against reserves. Publish circulating supply recomputed from the chain against your attested reserves, with auditor and regulator access. See Reserves.
  • Show your controls worked. Every action is recorded in the audit log and exportable for review.

#How the control model works

SQRL Enterprise assumes many users with different responsibilities. Each workspace is an isolated environment with its own users, roles, vaults, assets and policies. Roles are built from named permissions, so the person who mints is not the person who freezes, and the person who proposes an action is never the one who approves it. Every vault is configured with a signing threshold, for example 2-of-3, and no value moves until that many signers have signed.

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Non-custodial

SQRL never holds, accesses or controls your private keys or funds. It stores public keys only. If a private key and its recovery phrase are lost, SQRL cannot recover them.

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Private by deployment

An institution that cannot show balances to the wider network can run its assets on its own banking subnet: the same SCL contracts on infrastructure it controls, firewalled so only its members see holders and balances. Every call is still anchored to Bitcoin, so the subnet's state stays deterministic and anyone given its data can verify it without trusting the bank.

#Key concepts

Each term is defined in full in the Glossary.

  • Organisation: your institution's top-level container for workspaces, users and resources.
  • Workspace: an isolated operating environment on a single Bitcoin network.
  • Vault: a multi-signature account on Bitcoin that holds assets and enforces quorum signing.
  • Signing profile: the keys you sign with, held on your device or hardware.
  • Asset: a token you issue on the SQRL token standard, administered by a vault.
  • Asset role: minter, burner, pauser or compliance officer.
  • Movement: a mint, burn or transfer, or an enforcement action such as a freeze.
  • Threshold: the minimum number of signatures a vault needs, for example 2 of 3.
  • Policy: spending limits that apply before any transaction is built.
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