Q-TOKEN
The Institutional-Grade Digital Securities Protocol
Safe-by-Design. Compliance by Code. Settlement Finality.
Infrastructure for Tokenized Securities
Q-Token is the protocol layer for digital securities and the foundation of a new capital market infrastructure — featuring Atomic DvP, peer-to-peer settlement, and compliance-by-code directly within the smart contract.
Serverless, immutable, and decentrally replicated, it operates 24/7 worldwide. Owner-only control, vault zones, and whitelist/ID badges eliminate “infinite approvals” — without central intermediaries.
The result: settlement finality in seconds, fewer interfaces, and fully auditable processes. Safe-by-Design, EVM/ERC-compatible, and the technological foundation of all SQARES AG products.
Products for the future of fintech
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T+0 Post Trade (Atomic DvP): Settlement in Seconds
Matching, clearing, and delivery-versus-payment are combined into a single on-chain action; ownership and payment change simultaneously within one transaction. This shortens the settlement cycle to seconds, reduces reconciliation effort and intraday funding, and minimizes fails and cash penalties. The solution is aligned with CSDR Settlement Discipline and supports the transition to T+1 in the US and UK through T+0 finality.
Q-Token - The Standard for Tokenized securitiesCompliance by Code: Automated Regulation
Authorizations and product rules are verified by policy gates before execution; reusable KYC badges, whitelists, and attribute-based permissions control access, limits, jurisdiction, and sanction lists. Versioned terms and a complete audit trail enable verifiability within minutes, reducing operational and legal risks. The approach is fully compatible with MiFID II (product governance), AML/CFT requirements, and MiFIR reporting (T+1) based on consistent on-chain records.
Market Data, Valuation & Risk Management
Signed price feeds provide the basis for valuation; the contract calculates NAVs, triggers dividends, coupons, and fees based on predefined rules, and enforces margin, LTV, and breaker thresholds. As a result, valuation, cash flows, and risk become a straight-through processing (STP) chain with clear rules, low dispute rates, and faster closing and reporting cycles. Governance aligns with BMR (Benchmarks), UCITS/AIFMD, and SEC Rule 2a-5 (Fair Value Processes) with a verifiable Books & Records path.
Asset Segregation by Code & Access Security
Multi-dimensional vault zones, owner-only control, M-of-N approvals, and an encrypted command channel anchor ring-fencing, rights, and discretion directly in the code. Client funds, collateral, and operational holdings remain strictly segregated; sensitive transfers occur without market leakage and are fully traceable at all times. The framework supports MiFID II Safeguarding, UCITS/AIFMD Depositary Segregation, FCA CASS 6/7, and EMIR segregation requirements.
Modular Structure of the Q-Token-Technology
12 Program Modules
The modules form the functional building blocks of the system — covering trading, treasury, governance, and identity. They can be freely combined, and through their integration, they create a complete capital market logic directly in code.
5 Function Units
From these modules, five functional areas are formed: Trading & Settlement, Treasury & Balances, Identity & Compliance, Governance & Access Control, and Payments & Revenue Sharing. Each unit operates autonomously and performs clearly defined tasks within the market process.
1 Core Algorithm
At the center lies the Q-Engine — SQARES’ patented core algorithm. It synchronizes all modules, manages states, ownership, and liquidity, and executes all processes within a single, unified code path. The result is a fully automated, blockchain-based operating system for capital markets.
Products for the future of fintech
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Autonomous Market Logic – Executed by Code
SQARES translates compliance and governance into executable market logic. Q-Token forms the protocol layer, while the Q-Engine orchestrates a continuous code path from authorization through trading to reporting. Security is principle, verification is part of the process, and finality is built in — establishing the institutional foundation for digital securities. SQARES is a deep-tech development company creating revolutionary applications based on proprietary smart-contract standards. Its core technology enables complete on-chain programming for autonomous functions.
Products for the future of fintech
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Values Engineered into Code
The Q-Token embodies SQARES’ core values — Sovereignty, Precision, and Simplicity. It unites all market processes into one clear, verifiable flow where ownership stays autonomous, actions precise, and execution seamless through the Q-Engine.
Products for the future of fintech
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Autonomous Assets – The Next Evolution of Value
The SQARES ecosystem represents a new category of digital infrastructure: assets that act, manage, and prove themselves. Every token, every contract, every interaction operates autonomously — without intermediaries, without dependencies, and without delay.
Through deterministic execution and verifiable logic, SQARES transforms static ownership into dynamic intelligence. Assets become self-regulating systems — capable of settlement, compliance, and governance in code.
This is not just digitalization. It is the foundation for a new, autonomous economy — where value itself becomes an independent actor.
Products for the future of fintech
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Marcus Boehm
Chairman of the Board of Directors and Co-founder
Camilla Lehmann
CEO and Co-founder
Dr. Thomas Witt
Member of the Board of Directors and Co-founder
