> ## Documentation Index
> Fetch the complete documentation index at: https://docs.stratareserve.co/llms.txt
> Use this file to discover all available pages before exploring further.

# Entities & Structure

> The coordinated multi-entity system behind Strata, with deliberate separation of concerns.

Strata operates as a **coordinated multi-entity system** with deliberate
separation of concerns — four integrated entities under one Delaware HoldCo. This
structure lets each engine carry the right regulatory posture while sharing
strategy, IP, and economics at the top.

```
SmartMoney HoldCo (Delaware)
  ├── Strata Tokenization  (SEC-registered transfer agent)
  ├── Strata Money         (Cayman Foundation)
  ├── Strata Credit        (US + Offshore)
  └── Strata Markets       (Protocol layer)
```

## Strata HoldCo (Delaware)

The HoldCo owns IP, coordinates strategy, manages intercompany agreements, and
maintains financial reporting and governance. **Equity investors invest at the
HoldCo level** — equity captures both enterprise value and direct participation
in protocol cash flows.

## The four entities

<AccordionGroup>
  <Accordion title="Strata Tokenization — SEC-registered transfer agent" icon="layer-group">
    The AI tokenization engine. Native tokenization of Reg D / Reg S securities and
    real-world assets; issuance, custody, and transfer for all security types; an
    AI-enabled ownership engine targeting 24–48 hour structuring versus weeks
    traditionally. Output is standardized tokens (ERC-20 / ERC-4626) with embedded
    restrictions and eligibility.

    **Regulatory:** SEC-registered — the structural moat.
  </Accordion>

  <Accordion title="Strata Money — Cayman Foundation" icon="coins">
    The monetary authority of the system. Issues srUSD and srSILVER, enforces
    issuance constraints, and maintains system solvency. Instruments are
    non-yield-bearing by design to avoid securities classification. A utility
    layer with no direct revenue.
  </Accordion>

  <Accordion title="Strata Credit — US + Offshore" icon="building-columns">
    The asset-backed credit origination and underwriting arm, operating across US
    and offshore structures.
  </Accordion>

  <Accordion title="Strata Markets — Protocol layer" icon="arrows-split-up-and-left">
    The liquidity, structured-products, and protocol-owned-liquidity layer — the
    permissionless, on-chain market surface.
  </Accordion>
</AccordionGroup>

## Supported security types

Through Tokenization, Strata supports:

* Tokenized equity (Reg D 506(c), 506(b), Reg S)
* Private credit pools (loan pools, income-producing notes, ABS)
* Real estate and fund interests (fractional ownership, LP interests)
* Commodity-backed instruments (srUSD, srSILVER)

<Info>
  Separation of concerns is intentional: a Cayman foundation for neutral money, an
  SEC-registered transfer agent for securities, and a protocol layer for
  permissionless markets — coordinated under one HoldCo.
</Info>