ContiSX
Primary Market · On-chain raises

Raise on-chain.
Own the equity, earn the rebate.

Innovative companies raise growth capital through primary offerings on ContiSX. Every subscription resolves into two things — the equity you subscribed for, registered and held in the ContiSX CSD, and a rebate paid in Digital Value Unit: an advanced loyalty reward that is transferable and interoperable.

Outcome 01 · Ownership
Subscribed equity

Held on ContiSX CSD → listed on the secondary market

Dividends, voting, residual claim
KYC-gated, lock-up per offer terms
Outcome 02 · Reward
DVU rebate

Credited at allotment → listed on a partner digital exchange

Transferable between holders
Interoperable across the ecosystem
02
Outcomes per subscription
Equity + DVU rebate
CSD
Equity custody
ContiSX depository
DVU
Loyalty rebate
Transferable & listed
T+1
Post-allotment settle
Atomic DvP
Primary subscriptionsSubscribed equityRegistered on the ContiSX CSDAdmitted to the secondary marketDVU loyalty rebateTransferable & interoperableListed on a partner digital exchangeDisclosed rebate rateKYC-gated transfersPrimary subscriptionsSubscribed equityRegistered on the ContiSX CSDAdmitted to the secondary marketDVU loyalty rebateTransferable & interoperableListed on a partner digital exchangeDisclosed rebate rateKYC-gated transfers
How a Raise Works

From offer to allotment in four moves

A primary raise on ContiSX runs to a published timetable — terms first, then the book, then settlement. Nothing about the rebate or the lock-up is discovered after the fact.

01

The company offers

An innovative issuer structures its round and files the offer — valuation, size, subscription window, rebate rate, and lock-up all disclosed before the book opens.

1/4
02

Investors subscribe

Verified investors commit capital during the subscription window from a KYC-bound wallet or vault account. Orders are visible, auditable, and time-stamped.

2/4
03

Allotment settles

The book closes, allocations are struck, and capital moves to the issuer as subscribed equity is created against the register — delivery versus payment, in one atomic step.

3/4
04

Rebate is credited

Alongside the allotment each investor receives a rebate in Digital Value Unit — an advanced loyalty reward, transferable and interoperable, held separately from the shares.

4/4
The Fork

One subscription, two outcomes, two venues

This is the mechanism that defines the market: your commitment resolves into registered equity held in the depository, and a DVU loyalty rebate that lives somewhere else entirely.

One subscription
You commit capital to the raise

At allotment that single commitment resolves into two things — ownership, and a reward — which then travel to two different venues.

Track A · Equity

The equity you subscribed for

A registered security in the issuer — held in the depository, then admitted to the exchange.

  1. Subscribed equity is allotted
    The shares you subscribed for are created against the offering at settlement.
  2. Registered in the ContiSX CSD
    The depository becomes the legal record of ownership, reconciled 1:1 with the register.
  3. Listed on the secondary market
    Admitted to the ContiSX secondary market, where the position is priced by an order book.
Listed onContiSX Secondary Market
Track B · Reward

The rebate paid in DVU

An advanced loyalty reward credited on top of your allotment — transferable and interoperable.

  1. Rebate paid in DVU
    Digital Value Unit is credited as a loyalty rebate, in proportion to what you subscribed.
  2. Credited to your balance
    DVU sits in your wallet or vault balance — transferable, and interoperable across the ecosystem.
  3. Listed on a partner exchange
    The reward is listed on a partner digital exchange platform, so it can be moved or realised.
Listed onPartner Digital Exchange

The two are not interchangeable. Only the equity carries ownership in the company. DVU is a loyalty reward unit — robust, transferable, and interoperable — but it confers no dividend, voting, or residual claim on the issuer.

What You Receive

The full position after allotment

Equity, custody, listings, and the rebate — everything a subscription resolves into once the book has closed and settlement is final.

Equity

Subscribed Equity

The shares you subscribed for — a registered equity security in the issuer, carrying the economic and governance rights set out in the offer document.

Register
ContiSX CSD
Venue
Secondary
Dividend rightsVoting rightsResidual claim
01 / 06
Rewards

DVU Rebate

Digital Value Unit credited as a rebate on your subscription — an advanced loyalty reward: more robust than points, transferable between holders, interoperable across the ecosystem.

Unit
DVU
Venue
Partner
Paid at allotmentTransferableInteroperable
02 / 06
Custody

CSD Custody Position

Your equity is registered and held in the ContiSX Central Securities Depository — the legal record of ownership, reconciled 1:1 with the register.

Held by
ContiSX CSD
Record
Depository
Legal register1:1 reconciledInstitutional custody
03 / 06
Liquidity

Secondary Market Listing

After settlement the equity is admitted to the ContiSX secondary market, so the position can be priced and traded rather than held blind until an exit.

Market
ContiSX
Settle
T+1
Order bookPrice discoveryPost lock-up
04 / 06
Reward venue

Partner Exchange Listing

The DVU rebate is listed on a partner digital exchange platform, so the reward can be moved or realised rather than stranded inside a closed loyalty scheme.

Asset
DVU
Access
Listed
Partner venueRedeemablePortable
05 / 06
Rights

Shareholder Standing

As a registered holder you receive corporate actions, disclosures, and meeting notices through the depository — the same standing as any holder on the register.

Source
CSD
Delivery
Automated
Corporate actionsDisclosuresMeeting notices
06 / 06
Custody & Register

Your equity is held on the ContiSX CSD

Subscribed equity is not left in a wrapper or a side ledger. It is registered in the ContiSX Central Securities Depository — the legal record of who owns what — and reconciled 1:1 with the digital register, so the depository position and its representation can never drift apart.

The CSD is the legal register of ownership, not a mirror of it
Digital register reconciled 1:1 with the depository position
Transfers are KYC-gated and lock-ups enforced at register level
Corporate actions, dividends, and disclosures serviced from the CSD
Holdings remain auditable and portable across ContiSX venues
Key Features
Institutional custody
Depository-held
KYC-gated
Verified holders only
1:1 reconciled
Register matched
Corporate actions
Serviced centrally
Secondary-ready
Admitted post-settlement
The Rebate

A loyalty reward built to behave like value

Digital Value Unit is the rebate investors earn for backing a company early. It is deliberately not a points balance trapped in one programme: DVU is transferable between holders, interoperable across ContiSX surfaces, and listed on a partner digital exchange platform — so the reward keeps its usefulness long after the raise closes.

Credited at allotment, in proportion to what you subscribed
Transferable between holders — not locked to one account
Interoperable across ContiSX surfaces rather than a single programme
Listed on a partner digital exchange platform, so it can be realised
Carries no ownership, dividend, or voting rights in the issuer
Key Features
Earned on subscription
Paid at allotment
Transferable
Holder to holder
Interoperable
Across the ecosystem
Partner-listed
Digital exchange
Rate per offering
Disclosed up front
Side By Side

Equity and DVU, compared directly

Two outcomes from one subscription — but different in kind, on different registers, at different venues, with different rights.

What it is
EquityRegistered equity security in the issuer
DVUDigital Value Unit — an advanced loyalty reward
Issued at
EquityAllotment, against the offering
DVUAllotment, as a rebate on the subscription
Held on
EquityContiSX CSD — the legal register
DVUInvestor wallet or vault balance
Listed on
EquityContiSX secondary market
DVUPartner digital exchange platform
Economic rights
EquityDividends, voting, residual claim
DVUNone — reward value only
Value formed by
EquitySecondary-market order book
DVUPartner-exchange listing
Transferability
EquityKYC-gated; lock-up per offer terms
DVUFreely transferable, per venue rules
Settlement
EquityT+1, atomic delivery-versus-payment
DVUOn transfer, per venue
Rebate rate, lock-up, and eligibility are set per offering and disclosed in the offer document. DVU is a loyalty reward unit, not a security — it confers no ownership, dividend, or voting rights in the issuer.
Offering Lifecycle

The timetable of a primary offering

Every raise moves through the same published sequence, from structuring to the point where both the equity and the rebate are live on their venues.

01
Pre-offer

Structure & file

Terms are set, due diligence completed, and the offer document published with the rebate rate and lock-up stated.

02
Open period

Book opens

The subscription window runs. Eligible investors place and adjust orders until the book closes.

03
Close + 1

Allotment

Allocations are struck and published, capital is released to the issuer, and equity is created on the register.

04
At allotment

Rebate credited

DVU is credited to each allottee in proportion to the subscription, then transferable to the partner venue.

05
Post-settlement

Dual listing

Equity is admitted to the ContiSX secondary market; DVU is listed on the partner digital exchange platform.

For Issuers

A raise that builds its own market

Innovative companies come to the primary market for capital, but leave with something harder to buy: a register of verified holders, a listed instrument, and a rebate mechanism that gives early subscribers a reason to show up. Structuring, allotment, and settlement run on ContiSX infrastructure end to end.

Raise against a published timetable with transparent allotment
Cap table maintained on the CSD register from the first allotment
Reward early subscribers with a DVU rebate instead of price discounts
Equity admitted to the secondary market once settlement is final
Corporate actions and holder servicing handled by the depository
Key Features
Structured offer
Terms published
Verified book
KYC'd subscribers
Rebate design
Set per offering
Secondary listing
Post-settlement
Diaspora reach
Cross-border access
FAQ

The primary market, answered

It is the venue where new capital is actually raised, rather than where existing shares change hands. An innovative company publishes an offering, investors subscribe during a defined window, and at allotment the subscribed equity is created directly on a register held in the ContiSX CSD. 'Web3' describes the settlement rail and the register — not the nature of the instrument, which remains a conventional equity security.

Two separate things. The first is the equity you subscribed for, registered in your name in the ContiSX CSD and later admitted to the ContiSX secondary market. The second is a rebate on your subscription, paid in Digital Value Unit (DVU) and listed on a partner digital exchange platform. They settle together at allotment, but they are different in kind: one is ownership, the other is a reward.

DVU is the unit used to pay the subscription rebate. It is best understood as an advanced loyalty reward rather than a coin: credited at allotment in proportion to what you subscribed, more robust than conventional points, transferable between holders, and interoperable across the ContiSX ecosystem. Because it is also listed on a partner digital exchange platform, the reward can be moved or realised instead of being stranded in a closed scheme. DVU is a reward unit, not a share — it carries no ownership, dividend, or voting rights in the issuer.

Ordinary loyalty points are issued by one company, usable only with that company, and they expire or lose value at the issuer's discretion. DVU is designed to behave like value rather than a coupon: it is transferable to other holders, interoperable across ContiSX surfaces, and listed on a partner digital exchange platform — so the holder, not the scheme operator, decides what to do with it.

In the ContiSX Central Securities Depository. The CSD is the legal record of ownership and is reconciled 1:1 with the register, so the depository position and its digital representation never diverge. Custody is institutional-grade, and transfers are KYC-gated at the register level.

The equity becomes tradable on the ContiSX secondary market once it is admitted after settlement, subject to any lock-up stated in that offering's terms. The DVU rebate follows the transfer and listing rules of the partner exchange, which are independent of the equity lock-up — so the two may become transferable at different times.

No. A discount would reduce what you pay for the same shares. The rebate is delivered on top of your allotment: you receive the equity you subscribed for and, separately, DVU credited as a loyalty reward. Because DVU sits on its own venue and moves on its own terms, its value is independent of the equity.

DVU is listed on a partner digital exchange platform. The specific venue and its transfer, listing, and redemption rules are named in each offer document, so investors know before subscribing where the reward will be listed.

Get Started

Subscribe to the next primary raise

Back an innovative company at the primary stage, hold the equity in the ContiSX CSD, and earn the rebate in DVU — a loyalty reward you can actually move.

CSD-Held EquityDVU Loyalty RebateDual Listing