Overview

Access-controlled infrastructure for institutional deployment

What are Permissioned Products?

Permissioned Products are configurable application modules built on Yuzo’s infrastructure to support controlled issuance and structured capital formation.

They are designed for issuers and institutional operators who require defined participation rules, lifecycle controls, and integration with external operational systems.

These deployments allow issuing entities to:

• Define issuance and redemption logic

• Enforce transfer restrictions and ownership conditions

• Configure controlled capital workflows

• Integration with custodians, administrators, and compliance providers

Participation rules are enforced at the contract level. Settlement and state transitions remain anchored to Bitcoin.

Permissioned products extend infrastructure into environments where access, eligibility, and operational control are explicitly defined.

---

Permissioned vs. Permissionless

Permissioned and permissionless deployments share the same execution and settlement framework.

The difference lies in participation policy.

Permissionless Products

• Open participation

• No predefined eligibility requirements

• Designed for composable, market-driven DeFi primitives

Permissioned Products

• Access is defined by issuer-controlled rules.

• Access require authorization, credential verification, or predefined eligibility conditions.

• Designed for structured financial instruments and institutional capital workflows.

Permissioning governs who interacts with a given deployment and under what conditions.

It does not modify Bitcoin consensus, transaction validity, or base-layer settlement.

Both models operate on the same deterministic execution environment. The distinction exists in how participation is defined, not how settlement occurs.

---

Scope of Responsibility

Permissioned products provide infrastructure for:

• Asset issuance logic

• Capital lifecycle management

• Settlement coordination

• Contract-level access control

Yuzo does not:

• Custody assets

• Act as broker or intermediary

• Operate an exchange

• Approve investor eligibility

• Maintain official shareholder records

Regulatory classification, distribution oversight, custody arrangements, and compliance obligations remain the responsibility of the issuing entity and its designated service providers.

Yuzo provides infrastructure. Issuers retain responsibility for regulatory and operational compliance.